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

 

Hamilton Real Estate Market Report

for November 2018 

 

 Hamilton Real Estate Market Activity Sold Statistics Hamilton Ontario Laura Doucette Sutton Realtor

 
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 November 2018
 
Real Estate Market Report November 2019 Laura Doucette
November 2018 showed 813 New Residential Listings came on the Hamilton Real Estate Market  This is 20% LOWER than November 2017 as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB).  Burlington is down 24% with only 270 New Listings.
Residential Sales located throughout the RAHB market area (including Burlington and all outlying areas covered by RAHB) of 862 Properties were down by 17.1% from the same month last year. Residential Sales in Hamilton (which includes Hamilton + Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 547 of that total. The Average Hamilton Residential Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS®) system in November 2018 was $502,070 up 6% from $474,781 the same month last year. Burlington which is up 4% at $726,713. The end of month listing inventory shows 1594, giving Hamilton 2.9 months of inventory, which is up 22% compared to 1310 Properties still available for sale at the end of November last year which was 2 months of inventory. Burlington has 2.2 months of inventory (up 2%) with 467 active listings for sale. Average days on the market increased from 33 to 36 this year for Hamilton and increased in Burlington from 32.9 to 38.2.
 
The Hamilton - Burlington Areas is still at the lower end of a Sellers Market, where the ratio of Homes Sold to Homes Listed is over 60%, currently sitting at 71.2% for Residential, (in other words, 7 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%. 
 
 
November 2018 compared to November 2017
 

Variable

20182017Difference

Sales Activity

547670  - 18%

Dollar Volume

$274,632$318,102 - 14% 

New Listings

8131,017 - 20% 

Active Listings

1,5941,310  22% 

Months of Inventory

2.92.0 1.0 

Average Price

$502,070$474,781 6% 

Median Price

$469,000$432,875 8% 

Median Days on Market

2524 1

Average Days on Market

36333
 
*Hamilton includes: Hamilton West, Hamilton East, Hamilton Central, Hamilton Mountain, Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook
 

 

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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 $742,646Flamborough $782,585
Waterdown $657,717Grimsby $556,141
Caledonia $452,543Cayuga $483,915
Dunnville $406,443 


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 2018 Real Estate Sold Statistics Sold In Hamilton Laura Doucette Sutton

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! 
 

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: HamiltonOntarioRealEstateHelp.com

 

 

MLS® Properties SOLD in November 2018 

 Market Activity in

Selected RAHB Areas

Number of Sales

Average Sale Price

Areas

2018

2017

2018

2017

West Hamilton

4339$504,627

$490,338

East Hamilton

6381$388,408$345,402

Central Hamilton

77128$346,552$359,435

Hamilton Mountain

152172$482,491$428,668

Flamborough

1914$801,487 $913,279

Dundas

1525$539,927$564,883

Ancaster

4253$702,198$691,284

Waterdown

2234$694,327$636,691

Stoney Creek

7983$511,757$552,695

Glanbrook

2633$566,438$471,239

Burlington

212257$726,713$701,550

Dunnville

1516$406,733$375,163

Cayuga

81$564,914$415,000

Caledonia

1717$476,130 $433,382

Hagersville

28$358,750 $317,329

Seneca

34$530,000 $981,250 

Rainham

89$422,937 $374,656

Grimsby

3234$584,638$609,268

Smithville

75$525,854$525,800

West Lincoln

23$550,000$541,333

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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