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Sutton Group Innovative Realty Inc., Brokerage

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Laura's Information
Hamilton Mortgage Brokers
Real Estate Sold Market Statistics Trends In Hamilton for 2017
Real Estate Information For Buyers Looking To Purchase in or Around Hamilton Ontario
2015 Hamilton MLS Real Estate Sold Property Statistics
Hamilton Ontario 2014 Real Estate Market SOLD Statistics

 

Hamilton Real Estate

 

Housing Market Report

 

January to December 2017 Year-To-Date

Analysis & Statistics

 

Hamilton Ontario Average Residential Freehold Selling Price in 10 Year Overview Laura Doucette Sutton Realtor Agent


Previous Monthly Real Estate Solds Reports & Market Values

2018

Reports

2017

Reports

2016

Reports

2015

Reports

2014

Reports

Current MLS Property Listings For Sale - Click Here

 
Including Houses Values, Current MLS Listings & Average Selling Home Prices
 
For West, Central, East Hamilton, Mountain, Dundas, Ancaster, Glanbrook & Stoney Creek
 

 

 

2017 Year In Review

 

 Analysis & Property Values Report!

 

The Canadian Real Estate Association says that there was a 4.5% increase in nationwide home sales in December compared with November, marking their fifth consecutive monthly rise. Activity increased in almost 60% of local markets with the GTA, Edmonton, Calgary, the Fraser Valley, Vancouver Island, Hamilton-Burlington and Winnipeg leading the gains.

"Rollercoaster" is the word most used in describing the Real Estate Market in and around Hamilton Ontario in 2017. The Spring Market set record highs for prices, multiple offers, and sales. The low inventory was a major factor. High Demand + Low Supply/Inventory = HIGH $ resulting in record high selling prices. As more people saw the prices that homes on their street were selling for, there was an influx of inventory in the late spring and summer. 

Contrary to popular belief, the shift in the market in 2017 stemmed primarily from the shift in available properties for sale (and not the Provincial Government's introduction of the Housing Measures which included the 15% tax on foreign homebuyers). Low Inventory was the constant factor that kept prices increasing. As Supply increased, prices started coming down, and quite quickly. 

By summer, many buyers had already bought or had been discouraged by their experience in the spring. Low Demand + High Supply/Inventory = Lower $ resulting in a decrease in average selling prices. Things started to level off in the fall, and there were many signs of a Balanced Market. Late fall the Government introduced yet another blow called a Stress Test, which went into effect January 1, 2018. Now, all mortgages, not just high ratio mortgages will be affected and it will have a net effect of reducing the buying power of many homebuyers by up to 20%.

For example: If you qualified for a $400,000 Mortgage in December 2017, you may now only qualify for $320,000. So yes, 2017 was full of ups and downs in the Real Estate Market. 

Below this paragraph, there are two maps showing the Hamilton Districts as well as the surrounding areas, Hamilton's suburbs. Included in each map is the Average Overall Selling Price for each area so you can compare the prices from 2016 to 2017. 
 

2017 Hamilton Real Estate Year To Date Property Sold Statistics Hamilton Laura Doucette Sutton

 

VS

 

January to December 2016 Year To Date MLS Listing Houses Homes Sold in Hamilton Ontario Laura Doucette Sutton Realtor

 

2018 Hamilton Real Estate

 

Housing Outlook

 

One of the most significant numbers for the month of December 2017, is the End Of Month Listing Inventory. At the end of 2016, there were only 958 Residential Freehold Properties left on the market for sale. At the end of 2017, there were 1,514, an increase of 58%! Between this heavy increase in Supply and the new Mortgage Rules, there will undoubtedly be further adjustments in the Average Selling Prices in the early part of 2018. Once the impact of the changes can be seen, there will probably be a return of Demand.

Terms and Conditions Real Estate Hamilton First Time Buyers, Laura Doucette The beginning of 2018 will be a good opportunity for Buyers to have more time to consider their choices, and get back to putting conditions in their Offers To Purchase, and in most cases, not be in a competition like the majority of Buyers were in early 2017. One thing for sure...now more than ever, Home Buyers and House Sellers need the advice of a Local Real Estate Agent to help them navigate these changing patterns.

 

 

Average Selling Prices

 

 5 and 10 Years Ago vs 2017

 

Here is an overview of the average selling prices for some of the Hamilton Districts and Suburbs of Hamilton Ontario Canada compared to 5 years ago (2012) and 10 Years ago (2007). 

 

 
West Hamilton Ontario Westdale Districts 10, 11, 12 Laura Doucette Sutton Real Estate Map
 
West Hamilton Districts 10, 11, 12 
 
 
Highlights - Home to McMaster University, Westdale Village, Locke Street Shops, Hess Street, West Harbour Go Station, Bayfront Park, Jackson Square, very attractive Walk Scores, Chedoke Golf Course, quick access from Highway 403 West. Average Selling Price for West Hamilton - $466,679 with 656 Total Sales, 24 Average Days on the market, selling for 101.72% of the listing price... was $415,313 in 2016, 5 years ago $293,526 in 2012  and 10 years ago $231,804 in 2007.
 

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

10: Bayfront, Strathcona, Central $173,078 $231,264 $382,072
11: Westdale, Ainslie Wood $245,064 $318,777 $515,709
12: Durand, Kirkendall $260,687 $316,164 $484,022
 
  
Central Hamilton Districts 13,14,20,21,22 Laura Doucette Real Estate Map
Central Hamilton - Districts 13, 14, 20, 21, 22
 
 
Highlights - Home to Downtown Hamilton, Tim Hortons Football Field for Hamilton Ticats, Hamilton Farmers Market, Hamilton Public Library, GO Bus Station, Gage Park, Centre Mall, Ottawa Street Shops, Gore Park. Average Selling Price for Central Hamilton - $349,423 with 1457 Total Sales, 23 Average Days on the market, selling for 102.58% of the listing price...was $285,268 in 2016, 5 years ago $161,567 in 2012  and 10 years ago $132,556 in 2007.

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

13: North End $121,746 $154,819 $331,188
14: Beasley, Landsdale $121,278 $147,910 $348,655
20: Corktown, Stinson, Crown Point,
Gibson, Stipley
$124,648 $151,577 $332,704
21: Central Mall Area $106,259 $107,387 $242,932
22: St. Clair, Blakeley, Delta $187,235 $227,214 $459,527
 
   
East Hamilton Districts  23, 24, 27, 28, 29 Real Estate Map Laura Doucette Sutton
East Hamilton - Districts 23, 24, 27, 28, 29
 
 
Highlights - Confederation Park, Wild Waterworks, the famous Hutches and Barangas on the Beach, Waterfront Trail (all the way to Burlington), Eastgate Mall, Brock University Hamilton Campus, Kings Forest Golf Course, easy access to QEW Highway, Red Hill Valley Parkway, Skyway Bridge. 
 
Average Selling Price for East Hamilton - $355,437 with 1078 Total Sales, 14 Average Days on the market, selling for 102.67% of the listing price... was $307,249 in 2016, 5 years ago $198,269 in 2012  and 10 years ago $165,996 in 2007.

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

23: Homeside, Normanhurst, 
McQuesten, Parkview
$138,418 $158,375 $306,650
24: Rosedale, Bartonville, Glenview $190,186 $217,227 $377,700
27: Riverdale, Kentley $194,623 $217,646 $398,257
28: Greenford, Vincent, Gershome $178,170 $214.218 $361,689
29: Hamilton Beach $000,000 $316,864 $548,374
 
   
Hamilton Mountain Real Estate Map with Districts 15, 16, 17, 18, 25, 26 Laura Doucette Sutton
 
Hamilton Mountain - 15, 16, 17, 18, 26, 27
 
 
 
Highlights - Limeridge Mall, Escarpment Rail Trail, Chedoke Radial Trail, Mohawk College, Hillfield Strathallan College, Huntington Park Rec Centre, Westmount Rec Centre, Bernie Arbour Mohawk Sports Park, Chedoke Twin Pad Arena, numerous parks, LINC (Lincoln Alexander Expressway). Average Selling Price for Hamilton Mountain- $463,448 with 2119 Total Sales, 21 Average Days on the market, selling for 1.03% of listing price... was $400,379 in 2016, 5 years ago $261,358 in 2012  and 10 years ago $218,159 in 2007.
 

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

15: Mountview, Westcliffe, Buchanan,
Southam, Bonnington, Mowhawk
$239,446 $302,512 $523,629
16: Fessenden, Glibert, Rolston, Yeoville, Gurnett, Gilkson, Gourley, Kerninghan, Falkirk East, Falkirk West, Kennedy $226,258 $270,332 $494,909
17: Centremount, Inch Park, Eastmont, Raleigh, Balfour, Hill Park, Burkhome, Macassa $185,958 $217,552 $389,714
18: Greeningdon, Bruleville, Thorner, Lawfield, Jerome, Crerar, Barnstown, Rushdale, Bulter, Randall, Eleanor, Allison, Ryckman's Corner $242,394 $289,428 $508,035
25: Sunninghill, Hampton Heights, Huntington $214,314 $255,315 $450,272
26: Berrisfield, Lisgar, Trenholme,
Quinndale, Templemead, Broughton
$205,868 $252,035 $436,720
 
 
  
Stoney Creek Ontario Real Estate Neighbourhood Districts Laura Doucette Sutton Group Realtor Agent Homes Houses Condo Freehold For Sale
 
Stoney Creek - Districts 50, 51, 52
 
 
Highlights - Eramosa Karst Conservation Area, Battlefield Park, Devils Punchbowl Conservation Area and Waterfalls, Felker's Falls Conservation Area and Waterfalls, Valley Park Community Centre, Highway 20, Winona. Average Selling Price for Stoney Creek -$551,238 with 1164 Total Sales, 25 Average Days on the market, selling for 109.36% of the listing price...was $464,762 in 2016, 5 years ago $312,250 in 2012  and 10 years ago $253,480 in 2007.
 

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

50:  Heritage Green, Valley Park, Felker, Trinity, Highland, Leckie Park $245,683 $306,413 $551,340
51:  Battlefield, Corman, South Meadow, Highway Valley, Dewitt, Eastdale, Polar Park, Guernsey, Westmeria, Fruitland, Community Beach, Winona Park $256,284 $314,025 $547,174
52: Rural Stoney Creek $000,000 $404,147 $637,995
 
 
   
Dundas Ontario Real Estate Neighbourhood District Map Laura Doucette Sutton Realtor Agent
Dundas - Districts  41
 
 
Highlights: Home of Buskerfest and Cactus Festival, Dundas Driving Park, Dundas Valley Golf and Curling Club, Dundas Valley Conservation Area, Downtown Dundas Shops and Restaurants. 
 
Average Selling Price for Dundas - $600,513 with 362 Total Sales, 24 Average Days on the market, selling for 100.87% of the listing price was $541,988 in 2016, 5 years ago $356,927 in 2012  and 10 years ago $295,895 in 2007.
  

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

41:  Pleasant View, Hopkins Corner, Cootes Paradise, University Gardens, Dundana, Grosvenor's Estate, Highland Park, Pleasent Vally $295,895 $356,927 $600,513
 
 
 
 
Ancaster Ontario Homes House Family Neighbourhood Districts Laura Doucette Sutton Innovative Sales Representative
Ancaster - District 42
 
 
Highlights:  Tiffany and Sherman Waterfalls, Ancaster Old Mill Restaurant, Hamilton Golf and Country Club, Oak Gables Golf Club, Meadowlands Power Centre with Costco, Redeemer University College, Ancaster Fairgrounds, Spring Valley Arena.  
 
Average Selling Price for Ancaster - $764,749 with 642 Total Sales, 28 Average Days on the market, selling for 99.65% of the listing price...was $662,799 in 2016, 5 years ago $458,459 in 2012 and 10 years ago $387,525 in 2007.

Districts

Average Price

in 2007

Average Price

in 2017

Average Price

in 2017

42:  Sulphur Spring, Ancaster Heights, Oakhill, Meadowlands, Parkview Heights, Nakoma, Harmony Hall, Shaver, Southcote $387,525 $458,459 $764,749 
 
 
 
Glanbrook Real Estate Market Housing Neighbourhood District Laura Doucette Sutton
 
 
Glanbrook (Mount Hope & Binbrook): District 53
 
 
Highlights - John C Munro International Airport, Canadian Warplane Heritage Museum, Garth Trails, Twenty Place, Southern Pines Golf and Country Club, Glanbrook Sports Complex, Binbrook Fairground Community Park. Average Selling Price for Glanbrook - $541,245 with 503 Total Sales,  25 Average Days on the market, selling for 100.48% of the listing price...was $472,220 in 2016, 5 years ago $332,506 in 2012 and 10 years ago $282,911 in 2007. 

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

53: Glanbrook, Binbrook, Mount Hope $282,911 $332,506 $541,245
 
 
  

Grimsby - Districts 54
 
Highlights - Average Selling Price for Grimsby - $591,753 with 453 Total Sales, 28 Average Days on the market, selling for 99.93% of listing price...was $471,991 in 2016, 5 years ago $352,312 in 2012 and 10 years ago $311,020 in 2007.
 

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

54:  Grimsby South & North $311,020 $352,312 $591,753
 
 
   

Waterdown - Districts  46
 
Highlights - Average Selling Price for Waterdown - $687,159 with 430 Total Sales, 20 Average Days on the market, selling for 99.18% of the listing price...was $559,726 in 2016, 5 years ago $407,261 in 2012 and 10 years ago $321,227 in 2007.
 

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

46:  Waterdown East & West $321,227 $407,261 $687,159
 
 
 
 
Burlington - District 30, 31, 32, 33, 34, 35, 36, 38
 
Highlights -  Average Selling Price for Burlington - $760,059 with 3494 Total Sales, 22 Average Days on the market, selling for 100.95% of listing price...was $657,897 in 2016, 5 years ago $464,294 in 2012 and 10 years ago $338,508 in 2007.
 

Districts

Average Price

in 2007

Average Price

in 2012

Average Price

in 2017

30: Aldershot $369,227 $550,312 $866,718
31: Plains, Maple, Central $342,191 $437,535 $704,526 
32: Dynes, Longmoor, Pindale $293,953 $372,897  $650,214 
33: Roseland, Shoreacres, Elizabeth Gardens $435,671 $586,462  $996,405 
34: Tyandaga, Mountainside, Brant Hills $324,974 $434,622  $677,567 

35: Headon Forest, Palmer, Tansley,
Millcroft, Orchard, Corporate

$324,976 $436,896 $681,878 
36: Alton West, Alton East $346,038 $503,512  $825,630 
38: North Burlington Rural $713,596 $763,146  $1,650,470 
 
 
    

Are You Thinking Of Selling Your House, Or Condo SOON? 

If you are thinking of selling your house anytime in the next year, it would be wise to meet up soon so we can discuss a Selling Strategy for YOUR home that would get you the most money possible. You can also order this Free Book to help you figure out what you can do right now to help you sell your home Fast!...www.FreeHowToSellYourHouseFastBook.comIt is also a good idea to start getting educated about what homes are selling for in your particular neighbourhood. 

If you are thinking about buying a home or condo let me get you set up on a Personalized Search. You would get all the homes that match your exact criteria, the MINUTE they hit the Real Estate Market. These days Freehold homes are on the market for only 18 days (which includes any conditional times for financing and home inspections), so it is extremely important that you know about the Mls Listings As Soon As They Are Listed For Sale! 

   

 MLS Properties SOLD December 2017 

The graph below shows the Overall December 2017 numbers for the Hamilton-Burlington Real Estate Board (RAHB). Please Note:  These numbers are for the month of December only.

 Market Activity in

Selected RAHB Areas

Number of Sales

Average Sale Price

Areas

2016

2017

2016

2017

West Hamilton

43 29 $409,120

$463,570

East Hamilton

58 65 $319,402 $346,685

Central Hamilton

84 77 $305,370 $349,074

Hamilton Mountain

109 114 $430,741 $464,324

Burlington

106 114 $707,651 $673,255

Ancaster

33 20 $662,172 $791,645

Dundas

20 12 $511,349 $714,491

Flamborough

11 21 $734,661 $713,785

Waterdown

23 17 $564,182 $631,352

Stoney Creek

65 60 $475,017 $511,732

Grimsby

20 20 $508,112 $762,215

Glanbrook

33 29 $470,681 $540,165

Dunnville

13 9 $329,790 $363,755

Caledonia

8 8 $387,862 $411,812

Note: Numbers of sales represents sales reported on properties listed on the Multiple Listing Service (MLS) of the REALTORS Association of Hamilton-Burlington. Average sale price is calculated by dividing the total dollar volume of sales (not shown) by the number of sales in that month.

 
    
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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. 

 

 
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