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Hamilton Real Estate Market Report


For February 2016 House And Condo Values, 

Statistics, MLS® For Sale 


February 2016 sold statistics MLS Listing Realtor Association of Hamilton Residential Sales 

February 2016 Monthly Market Report-Multiple Offers Again?

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1131 property sales through the RAHB Multiple Listing Service® (MLS®) system in February which is a 5% increase compared to January 2015, and 9.8% higher than the 10 year average. Also, this was the highest number of sales recorded for the month of February since 2006! There was an increase from last year of 7.3% for the number of properties listed for sale with the number coming in at 1527 for February 2016, however, this is 9.8% lower than the 10 year average. So, looking at the 10 year average, Sales were up 9.8% and Listings were down 9.8%. It is this wide spread between Sales and Listings that is keeping Hamilton and the surrounding areas in a very strong Sellers Market.

Average days on the market decreased from 36 to 31 for freehold, and from 36 to 34 in the condo market compared to February 2015.

Keeping you SAFE....

keeping you safe in Real Estate in Hamilton Ontario Laura Doucette this type of Market is extremely important! Here are some terms you will probably be seeing quite a bit if you are thinking of Buying or Selling a House or Condo in and around the Hamilton-Burlington Real Estate Market anytime soon. Multiple Offers, Holding Offers, Bully Offers, Listing Strategies, Buying Strategies, Please Allow 24/48/72 Hours Irrevocable On Offers, Bidding Frenzy, Bidding Wars, Seller reserves right to view &/or accept preemptive offers, to name a few. Now more than ever it is important for you to have guidance while trying to navigate the Selling or Buying Process so all of these terms and the ramifications of the terms will be fully explained to you.

Multiple Offers....

Multiple-Offers In Hamilton, Ancaster, Stoney Creek Real Estate Housing Property Market in Ontario by Laura Doucette

...are being seen on quite a few listings. There is quite a bit of strategy involved in putting in an offer as a Buyer when you are going to be in competition. The Sellers will, of course, look at the Price, but that is not the only determining factor for whether they pick your Offer to Purchase. They will also look at other Terms of the Offer, such as the Deposit Amount (can you give them more than they are asking for?), Closing Date (can you give them their preferred date?), Chattels Included (are you asking for the fridge, stove, washer, dryer, and they have not offered them?), Conditions (financing, home inspection, insurance, sale of property, are just some of the possible conditions). You need to know what the risks are to you if you do decide to remove some of these conditions on any offer your are making. 

For instance, if you do not make your Offer Conditional on Financing, and your Lender/Bank does an Appraisal of the Property and it does not meet the price you paid, there are some serious ramifications. 

Best advice is to find yourself an experienced LOCAL Real Estate Agent (like me :) if you are in and around the Hamilton Area, and if not, I can help find you one in your area), and let us Guide and Protect you throughout this journey, and...Keep You SAFE!

 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® Properties SOLD in February 2016

Current Listings

# of Sales

in 2015

# of Sales

in 2016

Average Property

Sold Price - 2015

Average Property

Sold Price - 2016

Hamilton West

55 54 $365,379


Hamilton East 56 81 $214,827 $256,262
Hamilton Centre 86 109 $207,686 $253,001
Hamilton Mountain 144 154 $332,419 $366,650

Burlington Area

219 194 $553,957 $590,063

Ancaster Area

40 40 $518,096 $615,873

Dundas Area

31 27 $450,207 $467,564

Flamborough Area

18 21 $562,883 $577,707

Waterdown Area

39 34 $481,559 $559,037
Stoney Creek Area 74 69 $370,492 $425,106

Grimsby Area

31 49 $371,548 $426,327

Glanbrook Area

31 32 $383,287 $453,422

Dunnville Area

5 8 $222,400 $202,413

Caledonia Area

14 5 $300,982 $346,920

Note: Numbers of sales represents sales reported on properties listed on the Multiple Listing Service (MLS) of the REALTOR®'s 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...










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!

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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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