House & Condo Values, Statistics & MLS® Properties For Sale
Hamilton Real Estate January 2017 Market Report: January 2017 set another record for sales topping the previous one set in 2006 by over 11%! 911 sales were processed by The REALTORS® Association of Hamilton - Burlington (RAHB). All property sales came in 17.4% higher than the same month last year. January is typically a slower month of the year. This year, however, we had very little snow, and very little new inventory hitting the market, which made what was for sale much more attractive to the Buyers looking. New listings were 1139 which is a decrease of 9.7% from January 2016 and over 30% decrease from the 10 year average for new listings in the month.
Residential sales of 864 were 18% higher than January 2016, with Residential Freehold 12% higherand Condominiums a whopping 50.5% higher than last year. The Average Residential Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS®) system in January 2017 was $549,234 compared to $480,924 the same month last year, an increase of 14.2%, and theCondominium Average Price is $372,697 compared to $291,864, which is up 27.7% from last year in this month. The end of month inventory is still extremely low, with only about only 789 Freehold Residential Properties for sale compared to 1414 left at the end of January 2016. Average days on the market decreased from 49 to 31 for freehold, and from 50 to 28 in the condo market compared to the same month last year.
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 a an 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!
Want to sign up now so you don't miss out on any more listings? Go to:
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!
Want to know what houses are selling for around you?
Thinking of selling in the future and want to know what changes to do to get you Top Dollar?
Is it time to get a Pinpoint Price Analysis on Your House?
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
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.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other
reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping",
"database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information provided by members of The Canadian Real Estate Association, who are responsible for
its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
This website is operated by a brokerage or sales person who is a member of The Canadian Real Estate Association.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real
Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules and the
REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are
members of CREA.
The trademarks MLS®, Multiple Listing Service®, and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the
purchase, sale and lease of real estate as part of a cooperative selling system. Canadian Real Estate Association Last Updated: 6/25/2019 02:24:23 AM