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Hamilton Real Estate Market

Report For September 2016

 

Houses and Condo Values, Statistics & MLS For Sale

  

September 2016 Market Report 

 

Low Sold Inventory for MLS Real Estate Homes Houses and Condos in Hamilton Ontario Sold Statistics Laura Doucette Sutton

Bottom Line:  Low inventory continues...

September 2016 reported lower sales than the same month last year, a decrease of 4.7% for a total of 1317 sales. The REALTORS® Association of Hamilton - Burlington (RAHB) also reported that of the total sales, 1259 were Residential properties sold through the  RAHB Multiple Listing Service® (MLS) system in September, which is 4.3% lower than September 2015. Sales are still 16% higher than the 10 year average and the end of month inventory is very low, 39.5 % lower than a year ago.

There was a 9.51% decrease from last year for the number of properties listed for sale with the number coming in at 1940 for September 2016. Average days on the market decreased from 33 to 23 for freehold, and from 35 to 25 in the condo market compared to September 2015.

"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. 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? Want to know what houses are selling for around you? Thinking of selling sometime in the future and want to know what changes to make so you can get Top Dollar?  

Meet me for coffee, and let's talk!

 Spotlight Area  - Hamilton Mountain 

Detached 1 Floor, Bungalows, Raised Ranch Style Houses

Real Estate Market Snapshot of Homes Houses Condo For Sale Or Sold Market Snapshot

At the beginning of October 2016 there were only 38 resale detached 1 floor (bungalows and raised ranch style) properties for sale on the Hamilton Mountain (picture on the left below). Of those, 7 have been reported as conditionally sold.

The price range is from a low of $249,000 (now rare to find anything listed for sale under $300,000, only 4 listed right now under $300,000) to $1,190,000 on the high end. The majority, 19 homes, are listed between $300,000 and $400,000. Remember, even though they have an asking price below $400,000, many of them are "Holding Offers" and will end up selling in Multiple Offers (Bidding Wars as some people call them), for well over their initial asking price.

The picture on the right shows that there were only 57 1 Floor Properties sold in the same area in September 2016. The lowest sale price was $245,000 and the highest was $550,000. The average sales price was approx $385,000. 33, more than half, sold for at, or over the asking price in what was probably Multiple Offers. 

The Selling to Listing Price Ratio for these solds was 103%, meaning on average these homes got 103% of their asking price, and on average took 15 days from the date of their listing to the day the offer on their house firmed up and was reported sold. 

This is why it is so important 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 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 just too late. 

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

38 Detached 1 Foor Homes For Sale

  as of September 2016

57 Detached 1 Floor Homes Sold

September 2016 

1 Foor Bungalows and Raised Ranch Style Detached Houses For Sale Hamilton Mountain 1 Foor Bungalows and Raised Ranch Style Detached Houses SOLD September 2016  Hamilton Mountain

want-more-to-know about Real Estate Statistics 

 MLS Property Listings Real Estate For Sale

Find Current MLS Listings For Sale - Click Here

 Hamilton Ontario Real Estate School Neighbourhoods

Schools in and Around Hamilton Area - Click Here

 Walkscore in Hamilton Ontario Neighbourhoods

Walkscores Around Hamilton Areas - Click Here

 

MLS Listing Properties Solds Real Estate Statistics For April 2016 Laura Doucette Sutton  MLS Properties SOLD in September 2016 

For Current Listings:

Click on Each Area Below!

# of Sales

in 2015

# of Sales

in 2016

Average Property

Sold Price - 2015

Average Property

Sold Price - 2016

Hamilton West

60 50 $410,041

$442,448

Hamilton East

73 88 $250,233 $344,745

Hamilton Centre

121 124 $227,876 $284,376

Hamilton Mountain

186 171 $343,852 $411,828

Burlington Area

251 236 $572,118 $709,986

Ancaster Area

56 64 $574,872 $731,998

Dundas Area

27 27 $436,590 $552,659

Flamborough Area

32 16 $591,113 $646,000

Waterdown Area

44 34 $493,780 $538,247

Stoney Creek Area

95 101 $406,291 $473,610

Grimsby Area

35 34 $400,500 $463,626

Glanbrook Area

41 35 $397,427 $513,134

Dunnville Area

7 7 $253,111 $262,000

Caledonia Area

11 10 $321,459 $398,410

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.

   


2018 Market Year End Review - Click Here <<<<

 

Previous Monthly Real Estate Solds Reports & Market Values Below...

2017

Reports

2016

Reports

2015

Reports

2014

Reports

 

For Current MLS Listings For Sale - Click Here

 

 

 

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

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

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