Real Estate History Sales For Hamilton Ontario

(Houses, Townhomes, Condominiums, & Apartments sold through RAHB Multiple Listing Service (MLS)

Hamilton Residential Real Estate Market Trends History Laura Doucette Sutton Realtor SOLD

Real Estate in Hamilton Ontario has seen many changes over the years. It has seen a Sellers Market, Buyers Market as well as a somewhat Balanced Market. As with most housing markets, change is inevitable. Looking back at the history of Average Sales Prices can sometimes help determine current trends and perhaps help make market predictions. Geographically, Hamilton is less than an hours drive from one of the largest cities in Canada, Toronto Ontario, and is also less than an hour away from Niagara Falls and Buffalo in the United States. This was one of the major factors in the growth of the city and the increase in house values.

Another contributing factor is the change Hamilton went through in recent years from a highly industrialized steel city to one that now has more jobs coming from Health Sciences, Education, and the Creative Arts. Prices in Hamilton seemed to be unusually low with only a slight increase for many years until recently when these changes started to be noticed by people from outside the city. More buyers from the Toronto GTA decided it would be good to commute from Hamilton since they could no longer afford Toronto.

Since 1990, there were only 4 years (1991, 1992, 1993, and 1995) where the Average Sales Prices actually dipped from the previous years, and at that, only slightly. Since 1995, there has been steady growth.

So far the most significant jump in prices came in the last few years. $447,003 in 2015 to $504,032 in 2016. 2017 looks to be on track for having the highest jump.

 

 

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2015 Reports
2014 Reports

 

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Below is the History Chart dating back to 1990!

The numbers are comprised of all property types, including Detached Houses, Semi-Detached Homes, Townhouses, Condominiums, Lofts and Apartments, sold and listed through the RAHB (Real Estate Association of Hamilton-Burlington) Multiple Listing Service (MLS).

Year

Homes Listed Houses Sold

Average Selling Price

2017 23,730 15,565 $576,418
2016 20,549 16,556 $504,032
2015 22,501 16,507 $447,003
2014 21,230 14,885 $412,812
2013 20,711 14,061 $389,106
2012 20,321 13,573 $365,338
2011 23,311 14,399 $337,225
2010 22,434 13,434 $314,609
2009 20,030 13,152 $294,440
2008 22,287 12,444 $287,512
2007 21,297 14,297 $274,798
2006 20,754 13,549 $253,887
2005 19,991 13,816 $237,672
2004 19,277 13,712 $220,219
2003 18,681 13,351 $203,280
2002 17,952 11,656 $186,687
2001 21,366 11,896 $172,821
2000 22,550 10,941 $164,993
 

Here's what happened in the 1990's... 

Year

Homes Listed Houses Sold Average Selling Price
1999 19,135 11,206 $159,322
1998 21,273 10,654 $156,021
1997 21,518 10,612 $155,387
1996 22,999 10,784 $144,149
1995 25,887  8,185 $143,322
1994 27,716 8,817 $147,705
1993 29,835 8,199 $144,545
1992 32,767 9,049 $151,453
1991 36,187 8,350 $162,512
1990 36,238 7,745 $167,764

 

 

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Laura Doucette, at Sutton Group Innovative Realty Inc., Brokerage (in Real Estate since 1990) can give you the LOCAL market knowledge and experience needed to help you buy your first home, next home, retirement home, or investment property. Laura is also ASA Certified (Accredited Senior Agent) if you are helping an elderly parent with the sale of their home.