Real Estate Market Statistics
Hamilton, Dundas, Ancaster,
Stoney Creek - March 2015
Looking for House & Home Values, House Prices & Current MLS Listings For Sale
The REALTORS® Association of Hamilton-Burlington (RAHB), which covers many areas including Dundas, Ancaster, Stoney Creek, and Glanbrook Ontario to name a few, reported 1397 property sales processed through the RAHB Multiple Listing Service® (MLS® ) system in March 2015, which is a 10.9% increase in sales compared to last year in March.
So far this year there were 1459 properties listed for sale in January, 1450 in February, and then 2170 Listings came on the Hamilton Real Estate Market in March. This is an increase of 14.2% from last year. End-of-month listing inventory was 7.7% lower than last March. Even though we had an increase in Houses, Homes and Condo’s being listed in March, there are still more Buyers and not enough Sellers, which continues to offer a Seller’s Market in and around Hamilton Ontario.
Also, Year To Date statistics are showing the average sale price is 9.2% higher over the same period last year. For March 2015 over March 2014 it is 8.2% higher.
Now that the weather is getting nicer, and the days longer, we are expecting to see a lot more inventory of homes for sale in the coming weeks. The BEST WAY to not miss out on these opportunities, especially if you are looking to buy in the next 6 months, is to let a Local Hamilton Area Real Estate Agent get you set up for aPersonalized Search of Homes, Houses and Condo’s For Sale, in the area and price range YOU choose. Sometimes properties come on the market in the morning and are sold by later that day! If you are set up on a search, you would know about every listing that comes up for sale, including Power of Sales.
If you are not quite in the market to buy just yet, longer than 6 months, you may prefer theWeekly MarketWATCH Newsletter, which would let you stay educated on Real Estate Market you are interested in.
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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