Looking for House & Home Values, House Prices & Current MLS Listings For Sale
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 716 property sales through the RAHB Multiple Listing Service®(MLS) system in January which is a 8.3% decrease compared to January 2014. There was a decrease from last year of 2.8% for the amount of properties listed with the number coming in at 1459 for January 2015. End of month inventory was lower, by 10% over last January. Average days on the market went from 55 days last January to 46 this year in the freehold market and for condo's it went from 57 days to 51 days.
The chart below shows the average Sales Price as well as the number of sales in each of Hamilton Ontario's neighbourhoods, and can be used as a great guideline to see which areas might best suit you in the price range you are considering. Make sure to start your search for your next house or first home, by talking to your mortgage broker or home loan professional. It is always best to get a pre-approval before going to look at any houses or condo's, even if you already have a mortgage. This way you will know if there are any problems with your credit score and knowing ahead of time, will allow you to take the necessary steps to fix it. Interest rates are very low right now, so you may be approved for an even higher amount than you considered. You want to take into consideration though, that if interest rates go up, you still want to be able to afford your new property.
Check HERE for a GREAT overview of Hamilton Ontario, including past statistics, neighbourhoods, walk scores, schools, and much more!
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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