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Hamilton Real Estate

Market Report 

May 2017
House & Condo Values, Statistics, MLS® Properties For Sale

May 2017 Real Estate Sales Market Report Sales Prices Still Rising in Hamilton

Hamilton Real Estate May 2017 Market Report:  May 2017 set another record, however, it is for new Listings instead of for Sales this month. New listings were 3208 which is a big increase of 41.1% from May 2016 and over 34.8% higher than the 10-year average. Basically, we went from an unusually low inventory to a record-breaking high new inventory! Freehold Listings went up 47% and Condominium Listings went up 31%.

1745 overall Residential Sales were processed by The REALTORS® Association of Hamilton - Burlington (RAHB) in May, which is slightly lower, by 1.4%, than last year and still 15.3% higher than the 10 - year average. Residential Freehold Sales of 1449 were exactly the same as May 2106. Sales in the Condominium Market were 7.8% lower than last May, coming in at 296. 
The Average Residential Freehold Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS®) system in May 2017 was $659,236 compared to $530,280 the same month last year, an increase of 24.3%, and the Condominium Average Price is $421,257 compared to $353,516, which is up 19.2% from last year in this month. The end of month listing inventory is up 15.5% with 1866 Freehold Residential Properties for left for sale compared to 1615 left at the end of May 2016. Average days on the market decreased from 22 to 16 for freehold, and from 25 to 16 in the condo market compared to the same month last year.
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 changed significantly over the last year and even now from month to month. If you are thinking of selling your house or condominium, get the most up to date, LOCAL information. A Market Evaluation done even a few months ago needs to be updated!
The map below shows the current Year to Date Average Prices. There were a few areas that the average prices actually went lower, perhaps with the rise in Inventory! Ancaster had a very slight dip. It now has an Average of $797,811 (down less than $500 from $798,254). 
Some of the areas not included in the map below are Burlington $796,485Flamborough (like Ancaster) has dropped to $797,197 from $803,825, Waterdown $705,011, Grimsby showed the biggest increase to $615,324 (up from $522,748 just last month!), Smithville is down a bit from $477,211 to $469,599 this month, and Cayuga has gone up to an average selling price year to date of $419,860. 

Here is a map showing the Current Average Year To Date

Prices in and around Hamilton Ontario...
May 2017 Hamilton and Area Real Estate House Homes Condo Sold Statistics Laura Doucette Sutton
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 this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Notification Search, otherwise, you will only know about listings once they are reported to the public sites. If you wait till you see it on or other sites, it's too late, and is probably already SOLD! 

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 MLS® SOLD Properties in April 2017

For Current Listings:

Click on Each Area Below!

# of Sales

in 2016

# of Sales

in 2017

Average Property

Sold Price - 2016

Average Property

Sold Price - 2017

Hamilton West



Hamilton East


Hamilton Centre


Hamilton Mountain


Burlington Area


Ancaster Area


Dundas Area


Flamborough Area


Waterdown Area


Stoney Creek Area


Grimsby Area


Glanbrook Area


Dunnville Area


Caledonia Area


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.



Thinking Of SELLING Your House? 

How To Sell Your House For Top Dollar Fast - Laura Doucette Sutton Group Hamilton Ontario

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

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