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Sutton Group Innovative Realty Inc., Brokerage

office:905-575-7070
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

House And Condo Values, Statistics, MLS Properties For Sale 

Hamilton Real Estate Market


Report 
for November 2017 

City of Hamilton Escarpment View Laura Doucette Sutton Realtor November 2017 Statistics Market Report

Hamilton Mountain Escarpment View of City!


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

 

 
Hamilton Real Estate November 2017 Market Report
 
 
 
November 2017 had 1638 New Listings, ALL Property Types, reported which is up 8.7% from November 2017, and 18.9% higher than the 10-year average. 
 
All Residential Sales of 1052 Properties were down by 16.6% from the same month last year. The Average Residential Freehold Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS) system in November 2017 was $568,234 compared to $548,435 the same month last year, an increase of 3.6%, and the Condominium Average Price is $404,460 compared to $376,025, which is up 7.6% from last year for this month.
 

TRENDING NOW

Great Opportunity for Homebuyers in Hamilton Ontario

 
The data provided by the Hamilton-Burlington Real Estate Board shows an increase in Listings and a 2% drop in the sales-to-new-listings ratio from last month, October 2017. Earlier this year in the peak of the Spring Market this ratio reached over 80% which made for very happy Sellers throughout the city. The dip to 67% Sales to new Listings ratio is showing a trend towards a more Balanced Market. The end of month listing inventory shows 2198 Freehold Residential Properties left for sale, up 55.4% compared to 1414 still available for sale at the end of November in 2016.
 
Also significant is that the Average days on the market increased from 25 to 37 for Freehold this past month, and from 26 to 36 for Condominiums. This data, combined with the impending Government imposed STRESS TEST taking place as of January 1st, 2018, makes the last few weeks of December 2017 one of the best times for BUYERS to purchase a house, townhome or condominium apartment. Please Note: As long as a Buyer has an accepted Offer To Purchase in place before January 1st, they can still be approved under the current financing rules. There is also one Major Bank that will accept a Pre-Approval done before the end of 2017 (some conditions apply). Most purchases (please get in touch for the exceptions) AFTER Jan 1st will be subject to the new rules which basically takes away approximately 18-20% buying power from the Purchasers. See sample below.
 
 

Examples of Mortgage Qualifications After January 1st, 2018

Hamilton, Ancaster, Stoney Creek, Dundas, Burlington New Mortgage Regulations for 2018 First Time Home Buyers, Sellers, Investors, Refinancing Laura Doucette Sutton

Approval for $500,000 today $400,000 after Jan 2018
Approval for $600,000 today $480,000 after Jan 2018
Approval for $700,000 today $560,000 after Jan 2018
 
 

Overview Of Hamilton Current

Year To Date Average Prices

This map shows the districts in Hamilton and Average Prices so far this

year. To get your FREE Hamilton Real Estate Map and a comprehensive

HomeBuyers Package, please get in touch with Laura Doucette at

Sutton Group Innovative Realty Inc., Brokerage Click Here <<<<<

 

November New Map For Stats Market Housing Property Reports Laura Doucette 

 

 Average Year To Date Prices

The map below shows the current Year to Date Average Prices.

Some of the areas not included in the map below are Burlington $763,867, Flamborough $801,340Waterdown$690,175, Grimsby $582,786Caledonia $439,495, and Cayuga $402,570

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! 

November 2017 Real Estate Statistics Market Report Laura Doucette Sutton Realtor 

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!
 
In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant 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! 
 

Sign Up Now so you don't miss out on NEW Listings! 

 
  
 
 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: HamiltonOntarioHomes.com

 

 

 MLS Properties SOLD November 2017 

 Market Activity in

Selected RAHB Areas

Number of Sales

Average Sale Price

Areas

2016

2017

2016

2017

West Hamilton

54 37 $447,066

$484,251

East Hamilton

80 78 $333,383 $349,456

Central Hamilton

113 118 $311,912 $362,840

Hamilton Mountain

194 161 $419,529 $441,419

Burlington

236 185 $670,896 $703,980

Ancaster

49 46 $678,586 $684,449

Dundas

26 23 $613,253 $567,807

Flamborough

22 11 $776,450 $973,409

Waterdown

37 27 $561,518 $634,255

Stoney Creek

99 77 $475,532 $547,972

Grimsby

44 27 $491,575 $570,892

Glanbrook

31 31 $431,245 $469,287

Dunnville

15 16 $299,553 $375,162

Caledonia

21 15 $373,442 $430,033

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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