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Residential Statistics, House & Condo Values, MLS® Properties For Sale 

 

Hamilton Ontario Real Estate

 

Market Report for February 2019 

 

February 2019 Sold Sales Statistics of Homes and House In Hamilton Ontario Real Estate Laura Doucette 

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

 

 
Here's What Happened For February 2019
 
Hamilton Ontario Real Estate Selling Property Houses Laura Doucette
February 2019 had 770 Residential MLS® Listings came through the Hamilton Real Estate Board. This is only 9% HIGHER than February 2018 as reported by The REALTORS® Association of Hamilton-Burlington (RAHB).  Burlington is UP only 2% with 311 New Listings. Overall, the weather played a big role in the low numbers with another 40 cm of snow, and lots of ice throughout the month.
Residential Sales located throughout the RAHB market area (including Burlington and all outlying areas covered by RAHB) of 735 Properties were down again this month, a 4% drop from the same month last year, however, went up 24% from January 2019! Residential Sales in Hamilton (which includes Hamilton plus Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 473 of that total. The Average Hamilton Residential Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS®) system in February 2019 was $517,439 up 2% from $505,351 the same month last year. Burlington is down 1% to $670,602. The end of month listing inventory shows 1197 Active Residential Listings, giving Hamilton 2.5 months of inventory, which is up slightly, 0.9% compared to 810 Properties still available for sale at the end of February last year which was 1.6 months of inventory. Burlington has 2.2 months of inventory (up just 0.4%) with 410 active listings for sale. Average days on the market decreased slightly from 34.2 to 33.8 this year for Hamilton and also decreased in Burlington from 31 to 26.6.
 
The Hamilton - Burlington Area is presently at the cusp of a Balanced Market, trending towards a Sellers Market for the Spring, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 60.3% for Residential, (in other words, 6 homes are sold for every 10 new listings). Homes Sold to Homes Listed Ratio:  Buyers Market is below 40%, Balanced Market is between 40-60%, and Sellers Market is above 60%.
 

 

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Hamilton Real Estate District Map & Neighbourhoods For Stats Homes Sold Laura Doucette Sutton Realty Inc.Realtor Association of Hamilton-Burlington Residential Map Laura Doucette Sutton Realtor Agent
 
 

Hamilton's Average Year To Date Prices  

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map below are: 

 

Burlington $695,044down
Flamborough $774,715up green
Waterdown $670,865down
Grimsby $571,439up green
Caledonia $455,762up green
Cayuga $481,000down
Dunnville $397,258up green


When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. If you are thinking of selling your house or condominium, get the most up to date, LOCAL information. A Market Evaluation and/or a Mortgage Pre-Approval done even a couple of months ago MUST be updated! 

February 2019 Real Estate Market Sold Statistics For Hamilton Ontario Laura Doucette Realtor Agent

Take note that "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." What that means is, not every house or condo has increased in price by the same percentage. It is really important to talk to an experienced local REALTOR® to see EXACTLY what is happening in your particular neighbourhood. It is also important to find out what you can do to your house to get the highest amount possible when you are ready to sell!
 
In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, you will only know about listings once they are reported to the public sites. If you wait till you see it on Realtor.ca or other sites, it's too late, and is probably already SOLD! 
 

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 Thinking Of Selling Your Home? 
Want to know what houses are selling for around you?
Is it time to get a Pinpoint Price Analysis on Your House? Thinking of selling in the future and want to know what changes to do to get you Top Dollar? 
 
Go To: HamiltonOntarioRealEstateHelp.com

 

 

MLS® Properties SOLD in February 2019

 Market Activity in

Selected RAHB Areas

Number of Sales

Average Sale Price

Areas

2019

2018

2019

2018

West Hamilton

4037$514,688

$432,279

East Hamilton

5656$375,385$397,825

Central Hamilton

6980$383,510$348,291

Hamilton Mountain

11598$497,472$455,626

Flamborough

713$1,031,014 $727,914

Dundas

1928$555,000$564,657

Ancaster

3645$782,819$796,735

Waterdown

2525$648,166$572,763

Stoney Creek

7078$513,713$522,119

Glanbrook

3132$557,211$654,336

Burlington

189182$670,602$676,789

Dunnville

1212$371,074$399,683

Cayuga

52$476,400$565,750

Caledonia

1314$467,992 $473,221

Hagersville

32$386,667 $345,500

Seneca

21$000,000 $952,000 

Rainham

36$500,000 $375,500

Grimsby

2537$581,766$573,039

Smithville

69$428,300$497,278

West Lincoln

13$910,000$496,667

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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