House & Condo Values, Statistics, MLS Properties For Sale
Aprilset another record for sales (seventh month in a row now for new monthly records) with 1770 processed by The REALTORS® Association of Hamilton - Burlington (RAHB). Overall Residential Sales of 1,674 were 7.2% higher than the same month last year. New listings were 2419 which is a big increase of 17.6% from April 2016 and over 6.2% higherthan the 10 year average for new listings in the month.
Trending now...Average Sales Prices Year to Date in and around Hamilton Ontario
When looking at the Average Prices in and around Hamilton, it is important to note how they have been changing over the last year. If you are thinking of putting your house or condo up for sale, make sure to have the most up to date information. An evaluation done on your current home from even a few months ago needs to be updated.
The map below shows the current Year to Date Average Prices. There are only 3 areas left that have an average price of under $400,000! Last year at this time we had 6 areas. Areas with an Average Year to Dale Price under $400 are East Hamilton $357,140 (up from $273,049 last year at this time), Central Hamilton $353,077 (up from $265,646 since April 2016), and Dunnville $341,258 (was $242,149 just last April).
Some of the areas not included in the map below are Burlington $783,482 (up from $621,431 last April), Flamborough $803,825 (up from $653,509), Waterdown $681,578 (up from $548,244), Grimsby $522,748 (up from $451,044), Smithville $477,211 (was $358,904) and Cayuga now has an average selling price year to date of $409,291 (up from $352,659).
Here is a map showing the Current Average Year To Date
Prices in and around Hamilton Ontario...
Always remember that "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 by the same percentage. 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!
In a Sellers Market it is imperative 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 the Instant Notification 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 too late, and is probably already SOLD!
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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.
Previous Monthly Real Estate Solds Reports & Market Values
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