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Hamilton Real Estate Market Report 

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

  

May 2016 Market Report 

May 2016 Hamilton Real Estate Price Solds MLS Property

Bottom Line: Another Record Set In Sales = LOW INVENTORY OF HOMES TO BUY!

The REALTORS® Association of Hamilton - Burlington (RAHB) reported 1777 residential property sales through the  RAHB Multiple Listing Service® (MLS®) system in May, setting another record, which is 1.5% higher than May 2015.

There was a 13.4% decrease from last year for the number of properties listed for sale with the number coming in at 2265 for May 2016, which is 4.1% lower than the 10 year average.

Average days on the market decreased from 32 to 22 for freehold, and from 31 to 25 in the condo market compared to May 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!

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

Hamilton Mountain is Still a Hot Spot!

At the beginning of June 2016, there were 131 detached resale houses for sale (picture on the left below). Of those, 23 have been reported as conditionally sold.

The price range is from a low of $224,900 to $3,199,444 on the high end. Only 52 of these are listed for sale under $400,000. Even though they have an asking price below $400,000, many of them will end up selling in Multiple Offers (Bidding Wars as some people call them), for well over their initial price.

The picture on the right shows the 117 Detached Homes that sold in the same area in May 2016. These homes were all listed for sale at an asking price below $400,000. 87 sold at or over the asking price, (which usually indicates Multiple Offers). 22 of them sold for over $400,000. Most of them sold fairly close to the asking price or a reasonable amount over the listing price, however, 3 of them sold for an unusual amount over asking. One was listed for $324,900 and sold for $402,000 ($77,100 over asking), another listed for $399,900 and sold for $475,000 ($75,100 over asking) and the third listed for $359,000 and sold for $102,000 over the asking price, for $461,000!

The Selling to Listing Price Ratio for these solds was 103%, meaning on average these homes got 103% of their asking price, and on average took 8 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  DailyRealEstateListings.com

131 Detached Homes For Sale

Hamilton Mountain as of June 1st 2016

117 Detached Homes Sold

May 2016 - Hamilton Mountain

Hamilton Mountain Detached For Sale June 6 2016Hamilton Mountain Detached SOLDS May 2016

want-more-to-know about Real Estate Statistics 

 MLS Property Listings Real Estate For Sale

Find Current MLS® Listings For Sale - Click Here

 Hamilton Ontario Real Estate School Neighbourhoods

Schools in and Around Hamilton Area - Click Here

 Walkscore in Hamilton Ontario Neighbourhoods

Walkscores Around Hamilton Areas - Click Here

 

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

7385$371,180

$391,309

Hamilton East

107103$258,661$303,811

Hamilton Centre

149147$245,673$293,334

Hamilton Mountain

247244$340,367$401,256

Burlington Area

391363$546,707$649,936

Ancaster Area

8188$534,860$616,627

Dundas Area

4551$454,514$561,522

Flamborough Area

2534$564,488$630,321

Waterdown Area

5247$521,753$603,368

Stoney Creek Area

128141$397,743$472,752

Grimsby Area

5643$419,015$448,088

Glanbrook Area

4352$463,560$516,434

Dunnville Area

1023$258,811$241,926

Caledonia Area

1820$306,438$370,670

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.

     

2018 Real Estate Market - Click Here <<<<

 

Previous Monthly Real Estate Solds Reports & Market Values Below...

2017

Reports

2016

Reports

2015

Reports

2014

Reports

 

For Current MLS® Listings For Sale - Click Here

 
  

 

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

 

Thinking Of BUYING A Home?

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

FREE MarketWATCH Updates...

If you're going to be moving to Hamilton in the next few months, or you just want to keep an eye on what properties are coming on the Market, get your FREE MarketWATCH Subscription and receive weekly updates of all the new listings of homes, houses and condos, in every price range and Hamilton Neighborhood.

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