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Sutton Group Innovative Realty Inc., Brokerage

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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

Statistics, House And Condo Values, MLS Properties For Sale 

 

Hamilton Real Estate Market Report

for October 2018 

 

 Hamilton Real Estate Market Report For October 2018 Laura Doucette Sold


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

 

 
Here's What Happened For October 2018
 
 October MLS Properties Sold In Hamilton Ontario Laura Doucette Sutton Realtor  
October 2018 showed 1131 New Residential Listings came on the Hamilton Real Estate Market This is 6% LOWER than October 2017 as reported by The REALTORS® Association of Hamilton-Burlington (RAHB).
 
Burlington is down 5% with 411 New Listings.
Residential Sales located throughout the RAHB market area (including Burlington and all outlying areas covered by RAHB) of 1035 Properties were down by 13.1% from the same month last year. Residential Sales in Hamilton (which includes Hamilton + Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 659 of that total. The Average Hamilton Residential Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS) system in October 2018 was $499,382 up 7% from $467,432 the same month last year. Burlington which is also up 7% at $760,568. The end of month listing inventory shows 1817, giving Hamilton 2.8 months of inventory, which is up 28% compared to 1418 Properties still available for sale at the end of October last year which was 1.8 months of inventory. Burlington has 2.2 months of inventory (up 6%) with 575 active listings for sale. Average days on the market increased from 26.5 to 31 this year for Hamilton and decreased in Burlington from 30 to 28.2.
 
The Hamilton - Burlington Areas is currently experiencing a subtle shift to a Sellers Market, where the ratio of Homes Sold to Homes Listed is over 60%, currently sitting right on the cusp at 60.1% 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%. 
 
 
October 2018 compared to October 2017
 

Variable

2018 2017 Difference

Sales Activity

659 781   - 16%

Dollar Volume

$329,092 $365,064  - 10% 

New Listings

1,131 1,201  - 6% 

Active Listings

1,817 1,418  28% 

Months of Inventory

2.8 1.8  0.9 

Average Price

$499,382 $467,432  7% 

Median Price

$464,900 $429,900  8% 

Median Days on Market

21 19 

Average Days on Market

31 26 5
 
*Hamilton includes: Hamilton West, Hamilton East, Hamilton Central, Hamilton Mountain, Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook
 

 

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Home Buyers Package, please Click Here 

 

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 $744,958 Flamborough $779,938
Waterdown $657,923 Grimsby $552,570
Caledonia $449,834 Cayuga $473,463
Dunnville $407,197  


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! 

October 2018 Real Estate Market Statistics For Homes House Condos 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: HamiltonOntarioHomes.com

 

 

MLS Properties SOLD in October 2018 

 Market Activity in

Selected RAHB Areas

Number of Sales

Average Sale Price

Areas

2018

2017

2018

2017

West Hamilton

47 42 $521,925

$461,258

East Hamilton

88 94 $384,287 $343,100

Central Hamilton

95 158 $373,279 $345,483

Hamilton Mountain

165 179 $465,764 $445,743

Flamborough

16 14  $700,900  $887,214

Dundas

32 32 $637,670 $597,922

Ancaster

46 54 $703,291 $670,217

Waterdown

29 39 $652,014 $641,018

Stoney Creek

100 115 $540,554 $501,879

Glanbrook

36 43 $499,353 $524,873

Burlington

266 286 $759,292 $712,609

Dunnville

17 14 $395,297 $320,929

Cayuga

2 $470,000 $372,100

Caledonia

20 $432,920  $412,869

Hagersville

8 $379,438  $345,277

Seneca

$675,000  $652,500 

Rainham

$519,780  $362,250

Grimsby

39 36 $498,654 $511,731

Smithville

8 4 $495,300 $433,850

West Lincoln

3 4 $403,000 $510,975

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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