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For March 2016 - House & Condo Values, Statistics, MLS for Sale!

  

 MLS Property Listings Real Estate For Sale

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Residential Real Estate Market-Hamilton March 2016  Freehold and Condominum Houses and Homes Sold

March 2016 Monthly

Market Report

 

Bottom Line: We simply need more homes to meet buyer demand.

The REALTORS® Association of Hamilton - Burlington (RAHB) reported 1482 residential property sales (new record!) through the  RAHB Multiple Listing Service®(MLS) system in March which is a 6.8% increase compared to March 2015, and 15.2% higher than the 10 year average

There was a 14.8% decrease from last year for the number of properties listed for sale with the number coming in at 1858 for March 2016, which is 11.1% lower than the 10 year average

Average days on the market decreased from 34 to 28 for freehold, and from 34 to 27 in the condo market compared to March 2015.

March is typically the month when we start to see an increase in home sales, coming out of winter. Seems this winter decided to come late this year so although sales were up, listings were down, so we are still experiencing the trend of less inventory and very high buyer demand. More snow in April is not helping. 

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

For March 2016

Right now I have a young couple looking for a house in the Gage Park Delta Neighbourhood. Right now there are 7 detached houses for sale (picture on the left).

Of those, 1 is a rental, 2 are sold conditional, and 2 are holding offers till a certain date. Not many options, right? (If you know of anyone selling, let me know!).

The picture on the right shows the 9 sales for the same area in March. Of those, 6 sold at or over the asking price, which usually indicates Multiple Offers. 

Of those, 6 sold at or over the asking price, which usually indicates Multiple Offers. 

The Selling to Listing Price Ratio was 103%, meaning on average these homes got 103% of their asking price, and on average took 10 days from the date of their listing, to the day the offer on their house firmed up and was reported sold. This is the definition of a Sellers Market.

Active Homes For Sale                                             Homes Already Sold 

Gage Park Delta Neighbourhood Houses for Sale on the Hamilton Burlington Real Estate Board Laura Doucette    Gage Park Delta Neighbourhood Houses for Sale on the Hamilton Burlington Real Estate Board Laura Doucette 

want-more-to-know about Real Estate Statistics

MLS Properties SOLD in March 2016

Current Listings

# of Sales

in 2015

# of Sales

in 2016

Average Property

Sold Price - 2015

Average Property

Sold Price - 2016

Hamilton West

6562$343,722

$370,828

Hamilton East68101$230,589$291,133
Hamilton Centre115117$234,196$283,795
Hamilton Mountain174197$337,598$370,395

Burlington Area

324300$562,688$616,150

Ancaster Area

5562$505,148$621,128

Dundas Area

3339$464,348$504,728

Flamborough Area

2327$594,604$662,635

Waterdown Area

5041$484,141$520,250
Stoney Creek Area95100$378,667$437,526

Grimsby Area

3349$358,061$444,173

Glanbrook Area

3839$395,819$441,402

Dunnville Area

29$295,000$192,500

Caledonia Area

1511$332,100$372,955

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

 

 

Thinking Of SELLING Your House? 

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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