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Hamilton / Burlington Board Real Estate Results for 2018

Hamilton, ON (January 2, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 534 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December, 2018. Although this is 26 per cent lower than the same month last year, the average price was up by 2.6 per cent to $543,210.

Year-to-date (YTD) sales activity was down by 17.6 per cent from this time last year, and down 12.2 per cent from a decade ago. Average YTD price was also down from a year ago by 1.4 per cent, but up by 90 per cent from 2008.

“As we close out 2018, we’ve experienced a different market than the ones from 2016 and 2017,” says RAHB CEO George O’Neill. “Across the RAHB market area we’ve seen decreases in various statistics when compared to last year; however, consumers who have owned their property for the past several years have experienced gains in the value of their property.

 

 

 

 

 

 

 

 

 

The number of sales for single family properties within the entire RAHB market fell by 24.9 per cent compared to the same month last year, and the average sale price increased by 0.5 per cent. Townhouse sales activity across the entire RAHB market area were also down from 2017 by 36.6 per cent, while the average townhouse sale price rose by 8 per cent. Apartment-style property sales were essentially the same as December last year; however, average sale price increased by 6.8 per cent.

“December has again proven to be one of the slower months for sales as people were busy celebrating the holidays rather than contemplating a move,” adds O’Neill. “But we anticipate market activity will pick up into 2019 as consumer confidence grows after being affected by the provincial and federal regulations introduced over the last two years.”

Although the entire RAHB market area saw a decrease in sales and an increase in average sale price, the individual RAHB market areas experienced variances – especially when comparing the different types of properties. For example, Haldimand experienced a 36 per cent increase in detached average sale price, as well as an increase in number of sales. Burlington and Niagara North saw increases in the average sale price for townhomes; however, Niagara North saw decreases in number of sales for this category. Hamilton experienced increases in both average price and number of sales for apartment-style properties.

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.

*Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® System. Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Talk to your local REALTOR®.

 

Hamilton – Burlington & Area Stats

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 862 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in November, 2018.

 This is a 17.1 per cent decrease from the same month last year. Year to date, sales are 17.4 per cent lower than last year at this same time.

 The sales-to-new-listings ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent), was 71.2 per cent – the low end of a seller’s market. For comparison, in November 2017 the ratio was 69.9 per cent.

 “The numbers this month point to a seller’s market; however, this number represents our entire market area that covers Hamilton, Burlington, Haldimand and Niagara North, and may not be indicative for each individual area.” says RAHB CEO George O’Neill. “Each area is different and distinct, that’s why it’s best to talk to a local REALTOR®, as they know the neighbourhood trends.”

 The number of sales for single family properties within the entire RAHB market fell by 17.5 per cent compared to the same month last year, while the average sale price increased by 5.2 per cent. Townhouse sales activity was also down from 2017, while the average townhouse sale price rose by 5.6 per cent.

 Apartment-style property sales rose 3.1 per cent compared to November of last year; however, average sale price decreased by 1.6 per cent compared to last November.

 All major areas within RAHB’s market saw an increase in overall average sale price. There was also an increase in average sale price for all property styles in each of the four RAHB market areas, with the exception of apartment-style properties in Hamilton and Niagara North.

 “November and December are typically slower months in real estate, which is why there is a decrease in the number of new listings for this month,” says O’Neill. “With the decrease in new listings from the same time last year, combined with increases in average sale price for detached homes and townhouses, it will be interesting to see what the market will do for the remainder of year and leading into 2019.”

Sutton Group Realty Systems Inc. Brokerage
416-762-4200    905-896-3333

4 Bedroom, 4 Bath Custom-Build in Family-Friendly Hamilton!


4 Bedroom, 4 Bath Custom-Build in Family-Friendly Hamilton! $1,068,999

 

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Property information

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– Immaculate 3 Years New Home Minutes To Qew & Lake. O/C Main Floor With 9′ Ceilings & Corner Fireplace. Kitchen Features Granite Counter Tops, Centre Island, Elongated Cabinets, Glass Backsplash, Double Sink & Stain.Steel Appliances. W/O From Breakfast Area To Fully Fenced Yard. 2nd Split Level With Private Master Bedroom With 3 Piece Ensuite & Walk In Closest. California Shutters Thru Entire House. 2nd Flr Laundry.

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Spectacular Home In Most Sought After Hamilton Summit Park !

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•  3 bath, 4 bdrm 2 story – $2,000.00. Sought After Home! Monthly

– Spectacular Home For Lease In Most Sought After Hamilton Summit Park Community. This Four Bedroom, 3 Bathroom Home Is Perfect For Large Families!

This Home Features A Walkout To The Southwest All-Day Sunny Deck & Private Backyard! Fantastically Large Kitchen With Stainless Steel Appliances, A West View And A Breakfast Area Which Outlooks The Backyard! Family Room Outlooks Backyard And Has A Fireplace, Perfect For Cozying Up In Front Of On Those Chilly Winter Nights.

This Bright And Spacious Home Offers An Open Concept Floor Plan And Very Tasteful Décor!

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2nd Floor Laundry Of Large Hallway, Access From House To Double Garage. Rough In Central Vacuum & Alarm. Extra Parking.

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Hamilton 2 Storey Homes For Lease
Rural Glanbrook Hamilton

Property information

Sutton Group Realty Systems Inc., Brokerage
Mississauga Office: 905-896-3333
Toronto Office: 416-896-3333
www.suttonrealty.com
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•  2 bath, 3 bdrm 2 story – $1,500. Upgraded Hamilton Home!

– Recently Renovated And Beautifully Upgraded 3 Bedroom, 2 Bathroom, 2 Storey Home For Lease Near New West Harbour Go Station!

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Master Bedroom Has A Walk In Closet Ideal For Storage!

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Extras: Use Of Fridge, Stove, Washer, Dryer And New Weber Barbeque On Spacious & Private Back Patio! Permit Parking Available On Street.

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Hamilton House Rentals At $1,500
Richmond Hills House Rentals
Barton/Queen

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If you have a Real Estate Question – We Have the Answers. No Question too Small! Call our Office and Ask one of our Top Professionals – It’s Our Pleasure to help

Mississauga Office: 905-896-3333           Toronto Office: 416-896-3333

Amongst Record Sales Numbers in the GTA, Homes in Hamilton and Burlington Remain Affordable

 

October 2015 Market Activity

In addition to a large increase in homes sold in Toronto, the average price grew by $43,531. The average price for a home sold in October 2014 was $587,945, compared to $630,876 this October. Meanwhile in RAHB Areas (Hamilton, Burlington, and surrounding areas), the average sales prices either saw a slight increase, stayed around the same (+/- 10K) or in a few areas decreased. Out of line with the rest of the region, Flamborough saw an impressive 31% growth.

market acitivy

 

 

 

 

 

 

 

 

 

 

 

A breakdown by district:

stats map