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Hamilton Real Estate

Market Report for January 2017

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

 

Hot Hamilton Real Estate Market House Homes Condos Sold in January 2017

Hamilton Real Estate January 2017 Market Report: January 2017 set another record for sales topping the previous one set in 2006 by over 11%! 911 sales were processed by The REALTORS® Association of Hamilton - Burlington (RAHB). All property sales came in 17.4% higher than the same month last year. January is typically a slower month of the year. This year, however, we had very little snow, and very little new inventory hitting the market, which made what was for sale much more attractive to the Buyers looking. New listings were 1139  which is a decrease of 9.7% from January 2016 and over 30% decrease from the 10 year average for new listings in the month.

Residential sales of 864 were 18% higher than January 2016, with Residential Freehold 12% higherand Condominiums a whopping 50.5% higher than last year. The Average Residential Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS®) system in January 2017 was $549,234 compared to $480,924 the same month last year, an increase of 14.2%, and theCondominium Average Price is $372,697 compared to $291,864, which is up 27.7% from last year in this month. The end of month inventory is still extremely low, with only about only 789 Freehold Residential Properties for sale compared to 1414 left at the end of January 2016. Average days on the market decreased from 49 to 31 for freehold, and from 50 to 28 in the condo market compared to the same month last year.
 
In a Sellers Market it is imperative that you know about the houses getting listed As Soon As They Hit The Market! Unless you are connected to a Real Estate Agent that has you set up on a an Instant Notification Search, 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!

 
Want to sign up now so you don't miss out on any more listings? Go to:
 
 

Here is a map showing the Current Average Year To Date

Prices in and around Hamilton Ontario...
 
Jan 2017 Hamilton Stats Map Prices Real Estate Marketwatch Sales
  
Always remember 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!
 

Have Questions?

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 MLS® SOLD Properties in January 2017

For Current Listings:

Click on Each Area Below!

# of Sales

in 2016

# of Sales

in 2017

Average Property

Sold Price - 2016

Average Property

Sold Price - 2017

Hamilton West

4536$382,989

$449,078

Hamilton East

6075$251,010$333,446

Hamilton Centre

8790$231,221$309,360

Hamilton Mountain

90112$353,437$416,302

Burlington Area

125141$627,749$754,111

Ancaster Area

2647$542,673$733,419

Dundas Area

1323$483,025$599,913

Flamborough Area

1511$690,933$748,545

Waterdown Area

1718$563,012$582,967

Stoney Creek Area

5564$481,707$493,275

Grimsby Area

3021$437,751$479,800

Glanbrook Area

2741$471,286$490,198

Dunnville Area

1011$238,010$250,200

Caledonia Area

310$285,000$386,950

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.

 

 

Thinking Of SELLING Your House? 

How To Sell Your House For Top Dollar Fast - Laura Doucette Sutton Group Hamilton Ontario

Get your FREE Hard Copy of "How to Sell Your House for Top Dollar Fast" Book!

If you are thinking of selling your house, what you do right now could mean the difference of Thousands of Dollars, especially if you are buying another home!

Order It Here: www.FreeHowToSellYourHouseFastBook.com

 

Thinking Of BUYING A Home?

Hamilton Ontario Real Estate MLS Properties For Sale Current Market Statistics Homes House Condos Laura Doucette

FREE MarketWATCH Updates...

If you're going to be moving to Hamilton in the next few months, or you just want to keep an eye on what properties are coming on the Market, get your FREE MarketWATCH Subscription and receive weekly updates of all the new listings of homes, houses and condos, in every price range and Hamilton Neighborhood.

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