Tag: Hamilton real estate broker
Hamilton Real Estate Market – January 2020
The Hamilton real estate market is alive and well in 2020!
The average sale price in Hamilton increased by 12.81 per cent to $562,235 from $498,381 since January 2019.
With fewer average Days On Market and nearly 13 per cent less listings than the same time last year, property owners are well poised if they are thinking about selling.
Condos in Hamilton saw the largest jump in average sale price at $378,974 from $298,706(nearly 27 per cent) compared to January last year.
West Hamilton had a 30 per cent increase with an average sale price of $559,728 from $430,557 last year.
East Hamilton remains an affordable option with a modest increase of 9.13 per cent to $434,980.
The average sale price in Dundas was $669,920, showing a decrease of almost 11 per cent compared to January 2019.
Are you a first time home buyer or interested in investing in real estate? Email me your questions.
Hamilton Real Estate Market Update – October 2019
Sellers rejoice, the weather may be getting colder but competition for home buyers in Hamilton is heating up. There were fewer new residential listings in Hamilton for October compared to both September 2019 as well as October 2018.
On the other hand, some good news for homebuyers. The average residential sale price in Hamilton has decreased from $554,784 to $544,980 since September.
Compared to October 2018, however, the average sale price of a home in Hamilton has increased by roughly 9 percent.
You may have seen the news last month that the average price of a detached home in Hamilton had reached over $600,000.
Not to worry though, the average sale price of a detached home in Hamilton has come down from $612,306 to a more comfortable $593,796.
Listings are staying on the market a little bit longer with an average of 30.1 days on the market compared to 28.9 in September 2019.
That number varies, of course – depending on the property style, with semi-detached and townhomes showing the shortest average of days on market (24.6). Detached homes and condos in Hamilton are at a near tie at a respective 31.8 and 31.4 for average days on market.
Condo sales in Hamilton had the highest increase in average price at 13.7 percent from $305,749 in October 2018 to $347,635 in October 2019.
Hamilton Real Estate Market By Area
The number of sales in Central Hamilton and Hamilton Mountain is picking up compared to last year.
Hamilton West showed a modest 3.45 percent increase in the average sale price to $541,435 from $523,372.
The average sale price in Hamilton East increased by 8.64 percent to $414,671 from $381,679.
Central Hamilton remains the most affordable with an average sale price of $398,287 – an increase of 6.69% from $373,324 in October 2018.
Hamilton Mountain had the biggest increase at 11.62% bringing the average residential sale price to $514,152 from $460,626 in October 2018.
Considering a move to Hamilton but not sure which neighbourhood would be the best fit for you? Use my neighbourhood guide to learn about popular neighbourhoods in Hamilton or contact me and I can help you find the perfect home.
Realtors Association of Hamilton-Burlington Real Estate Market Statistics
Residential MLS August sales are down for the entire RAHB area(Hamilton, Burlington, Niagara & Haldimand County) from July and June this year, and also August 2018.
The year-to-date residential sales for 2019 is up 10.2 per cent compared to 2018 because we had a strong Spring season.
The average price for residential MLS properties in Hamilton, Burlington, Niagara and Haldimand County increased by 6.4 per cent from August 2018 to $599,589.
The August average sale price of residential MLS properties in Hamilton increased to $547,855 from $507,095 with slightly fewer listings than last year (973 vs 1,008) and properties selling faster this year than last (29.1 average DOM vs 33.6).
Hamilton Real Estate Market
The areas in Hamilton showing the largest increase in the average sale price are Hamilton West at $559,613(+17.84%), Hamilton East at $424,773 (+15.35%), and Flamborough at $694,625 (+11.30%).
The areas with the highest average sale price are Ancaster at $778,307, Burlington at $766,382, and Waterdown at $743,879.
The most affordable areas in Hamilton are Hamilton Centre ($393,117), Hamilton East ($424,773) and Hamilton Mountain ($498,854).
Properties are selling a bit faster! Average DOM (Days On Market) has decreased by 13.39%.
Semis, townhouses, and rowhouses are selling fastest lately, 24.9 average DOM compared to 31.5 same time last year.
Condos are still an affordable option for first-time buyers, young professionals and downsizers. Average sale price last month was $352,242 with only a 3.94% increase.
Have any questions about the market, buying your first home, or want to find out how much your home is worth with a free home evaluation?
Call 289-389-2323, fill out the contact form or email [email protected].
Top Neighbourhoods In Hamilton
Hamilton’s real estate market has been growing rapidly over the past couple of years. And as a result, the city is seeing more and more “transplanted” residents from the GTA. When comparing the cost of a home in Hamilton to the GTA, it’s a no-brainer. You’d think affordability would be the selling point, but it’s actually the bait. What sells the home-or better yet, the city, is the uniquely Hamiltonian neighbourhoods that you discover looking past the urban visage. So, what are the top neighbourhoods in Hamilton?
Not too long ago, Hamilton’s Ottawa Street primarily consisted of textile and antique stores. But now the area has been revitalized and has over 100 businesses including galleries, cafes, boutiques, and restaurants filling the street. Whether you’re looking to own a home or a business in this neighbourhood, the Ottawa Street BIA is a great resource to look into.
Crown Point East
Crown Point East is naturally attractive due to the affordability of the area and proximity to Ottawa Street and Gage Park. The average home was 31% cheaper than the rest of the city last year.
Crown Point West
Crown Point West is a great neighbourhood for families. With Gage Park just to the west, there is plenty of opportunities to spend lots of time outdoors.
The Gibson neighbourhood is within close proximity to downtown and close to many businesses. For more information about this neighbourhood check out the Gibson and Landsdale Area(GALA) Neighbourhood Action Plan.
Corktown is the neighbourhood for you if you want an older house with a decent sized yard while still being close to the hustle and bustle of downtown. Prices in this area have risen 135% over the past five years.