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Hamilton Real Estate August 2016

Market Report Values MLS For Sale

Houses Homes Condos Values Statistics

  

August 2016 Market Report 

Real Estate Selling Price Market Report for August 2016 Laura Doucette Sutton

Bottom Line: Going Up, Up, Up! 

It is no surprise that August set a record for number of sales in the month of August (1409 Sales), and came in 9.2% higher than the same month last year. The REALTORS® Association of Hamilton - Burlington (RAHB) reported1334 residential property sales through the  RAHB Multiple Listing Service® (MLS) system in August, which is 7.4% higher than August 2015.

There was a 10.8% decrease from last year for the number of properties listed for sale with the number coming in at 1645 for August 2016. Average days on the market decreased from 35 to 27 for freehold, and from 38 to 27 in the condo market compared to August 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  - Dundas Ontario Known for everything from

Luxury Homes and Condo's to small Century Cottages,

Townhomes and Houses.

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

At the beginning of September 2016 there were only 36 resale properties for sale (picture on the left below). Of those, 4 have been reported as conditionally sold, 29 are detached, 5 are Condo Apartment, 1 is a Semi Detached and 1 is a Townhouse. 

The price range is from a low of $370,000 (now rare to find anything listed for sale under $400,000) to $2,100,000 on the high end. Only 9 of these are listed for sale under $500,000 and even though they have an asking price below $500,000, 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 23 sold in Dundas in August 2016 (203 Year To Date), showing the very low inventory for people to choose from. 16 of these were detached. The lowest sale price was $360,000 and the high was $1,325,000. The average sales price was approx $610,000 (Average Year To Date is $590,000). 7 of them sold for over the asking price in what was probably Multiple Offers.

The Selling to Listing Price Ratio for these solds was 100%, meaning on average these homes got 100% of their asking price, and on average took 11 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

36 Detached Homes For Sale

 in Dundas as of September 2016

23 Detached Homes Sold

August 2016 - Dundas

Dundas Active September 2016 Dundas SOLD August 2016

want-more-to-know about Real Estate Statistics 

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Walkscores Around Hamilton Areas - Click Here

 

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

39 57 $327,108

$442,741

Hamilton East

72 92 $252,513 $313,662

Hamilton Centre

105 124 $234,804 $299,210

Hamilton Mountain

176 217 $326,770 $400,211

Burlington Area

260 241 $562,037 $675,432

Ancaster Area

60 61 $627,079 $693,096

Dundas Area

25 31 $467,936 $585,806

Flamborough Area

30 20 $571,394 $703,825

Waterdown Area

20 34 $523,825 $572,579

Stoney Creek Area

85 113 $384,205 $477,487

Grimsby Area

37 32 $492,060 $480,022

Glanbrook Area

52 56 $433,507 $466,185

Dunnville Area

11 10 $263,736 $265,450

Caledonia Area

18 13 $306,467 $429,521

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.

   


 
For 2015 Monthly Statistics 

Click Here For Sold Property MLS statistics in Real Estate Laura Doucette Sutton 

For 2016 Monthly Statistics

Click Here For Sold Property MLS statistics in Real Estate Laura Doucette Sutton

 

 

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

 

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

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