Another record breaking Month for July 2014! Stats from the Hamilton - Burlington Real Estate Board (RAHB - Realtors Association of Hamilton Burlington) which covers many areas including Dundas, Ancaster, Stoney Creek, Glanbrook, Caledonia, Waterdown, Grimsby Ontario, to name a few, report a record breaking 1559 property sales, which is a 21.5% increase in sales compared to July of last year! Not only were the sales higher than average, they were the highest for a July in over 10 years!
The average days on the market decreased from 42-36 days in the Freehold Real Estate Market and from 45-39 days in the Condominium Market over the same month last year. Year to date the average sale price is 5.5% higher.
What is the most popular style of house homebuyers are looking for? 1 floor bungalow homes and condominiums are selling FAST and are definitely one of the most sought after styles in the Real Estate Market. Not only are seniors looking to downsize to small one floor or raised ranch style, it is also a very popular style for first time young buyers as well! Many investors are buying them up, fixing them and flipping them to make the older models more modern.
Right now there are 62 1 floor detached homes for sale on the Hamilton Mountain, ranging in price from a low of $189,900 to a high of $1,199,000. Dundas Ontario has only 14 for sale with a low of $249,900 and a high of $649,900. Ancaster Ontario has a few more than Dundas with 23 active 1 storey listings right now, with a low of $319,900 and the high listed at $1,900,00. There are 130 detached 1 floor homes for sale right now in all of Dundas, Ancaster, Stoney Creek and the Hamilton Mountain (which are 4 of the most popular areas for people buying real estate). If you want to know about these homes for sale, and you would like to know about ANY houses for sale before they get listed on Realtor.ca, Click HERE.
Contact Laura Doucette, Sales Representative for Sutton Group Innovative Realty Inc., Brokerage to help you with YOUR Search for Affordable Residential Homes Houses and Condo's and Get Information on Pricing, Sales and Market Conditions.
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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