Including Houses Values, Current MLS Listings & Average Selling Home Prices
For West, Central, East Hamilton, Mountain, Dundas, Ancaster, Glanbrook & Stoney Creek
2018 Year In Review
Analysis & Property Values Report!
2018 was a very different market throughout the Hamilton-Burlington Real Estate Board, compared to 2107 and 2016. The chart above shows a couple of the major changes year over year. Overall the numbers show a decrease in the average sales price from 2017, however, if you dig deep into the districts and neighbourhoods you will see that prices went UP in Hamilton and Glanbrook and DOWN in Ancaster, Dundas, Grimsby, Waterdown and Burlington. (See detailed neighbourhood charts below). The average selling price peaked in most areas in Spring 2017. Since then there has been some balancing in the higher priced districts and some continued growth in prices in the lower priced neighbourhoods. Although prices went down about 1.4% from 2017, they went up 90% from ten years ago in 2008!
Sales activity for 2018 was also down - 17.6% from 2017 and down 12.2% from 10 years ago. Inventory at the end of 2018 was higher than it was in both 2017 and 2016, however, it is almost half of what was available a decade ago. Residential inventory was 26,414 in 2018 compared to 43,197 at the end of 2008. Most of 2018 experienced a Sellers Market and closed out the year at the high end of aBalanced Market, 59.57% right on the verge of a Sellers Market. To put it in perspective, the last time Hamilton experienced a Balanced Market was in 2010 and the last time for a Buyers Market was in 1995! Homes Sold to Homes Listed Ratio: Buyers Market is below 40%, Balanced Market is between 40-60%, and Sellers Market is above 60%.
When looking at the Average Prices in and around Hamilton, it is important to note how they are changing significantly, not only from city to city but even within districts and neighbourhoods! For instance, Hamilton Mountain had 3 of 6 districts that went up in price and 3 of 6 that went down in price. Furthermore, the style of homes will also indicate whether prices are balancing, lowering, or rising. One floor detached homes (bungalows and raised ranch styles) are still at a premium as well as 1 Floor Condominium Townhomes, even though the average price dropped a bit. There were 5670 Freehold Bungalows that sold in 2018 at an average price of $505,850, down from the 5267 Sold in 2017 at an average price of $523,737. There are still multiple offers happening in the lower end of the price range, and especially on the 1-floor style properties.
If you are thinking of selling your house or condominium, get the most up to date, LOCAL information. A Market Evaluation and/or a Mortgage Pre-Approval done even a couple of months ago MUST be updated, with a very localized look at your particular neighbourhood.
Below this paragraph, there are two maps showing the Hamilton Districts as well as the surrounding areas, Hamilton's suburbs. Included in each map is the Average Overall Selling Price for each area so you can compare the prices from 2017 to 2018.
Average Selling Prices
5 and 10 Years Agovs2018
Here is an overview of the average selling prices for some of the Hamilton Districts and Suburbs of Hamilton Ontario Canada compared to 5 years ago (2013) and 10 Years ago (2008).
West Hamilton Districts 10, 11, 12
Highlights - Home to McMaster University, Westdale Village, Locke Street Shops, Hess Street, West Harbour Go Station, Bayfront Park, Jackson Square, very attractive Walk Scores, Chedoke Golf Course, quick access from Highway 403 West. Average Selling Price for West Hamilton - $479,271 with 558 Total Sales, 32 Average Days on the market, selling for 98% of the listing price... was $466,679 in 2017, 5 years ago $320,511 in 2013 and10 years ago $237,898 in 2008.
Highlights - Home to Downtown Hamilton, Tim Hortons Football Field for Hamilton Ticats, Hamilton Farmers Market, Hamilton Public Library, GO Bus Station, Gage Park, Centre Mall, Ottawa Street Shops, Gore Park. Average Selling Price for Central Hamilton - $352,134 with 964 Total Sales, 29 Average Days on the market, selling for 99% of the listing price...was $349,423 in 2017, 5 years ago $176,915in 2013 and 10 years ago $141,828 in 2008.
Highlights - Confederation Park, Wild Waterworks, the famous Hutches and Barangas on the Beach, Waterfront Trail (all the way to Burlington), Eastgate Mall, Brock University Hamilton Campus, Kings Forest Golf Course, easy access to QEW Highway, Red Hill Valley Parkway, Skyway Bridge.
Average Selling Price for East Hamilton - $379,465 with 818 Total Sales, 30 Average Days on the market, selling for 99% of the listing price... was $355,437 in 2017, 5 years ago $209,282 in 2013 and10 years ago $172,014 in 2008.
Highlights - Limeridge Mall, Escarpment Rail Trail, Chedoke Radial Trail, Mohawk College, Hillfield Strathallan College, Huntington Park Rec Centre, Westmount Rec Centre, Bernie Arbour Mohawk Sports Park, Chedoke Twin Pad Arena, numerous parks, LINC (Lincoln Alexander Expressway). Average Selling Price for Hamilton Mountain- $471,502 with 1731 Total Sales, 29 Average Days on the market, selling for 99% of listing price... was $463,448 in 2017, 5 years ago $282,365 in 2013 and10 years ago $224,862 in 2008.
Highlights - Eramosa Karst Conservation Area, Battlefield Park, Devils Punchbowl Conservation Area and Waterfalls, Felker's Falls Conservation Area and Waterfalls, Valley Park Community Centre, Highway 20, Winona. Average Selling Price for Stoney Creek - $533,864 with 960 Total Sales, 37 Average Days on the market, selling for 98% of the listing price...was $551,238 in 2017, 5 years ago $327,154 in 2013 and10 years ago $271,228 in 2008.
Highlights: Home of Buskerfest and Cactus Festival, Dundas Driving Park, Dundas Valley Golf and Curling Club, Dundas Valley Conservation Area, Downtown Dundas Shops and Restaurants.
Average Selling Price for Dundas - $575,378 with 274 Total Sales, 33 Average Days on the market, selling for 98% of the listing price was $600,513 in 2017, 5 years ago $386,428 in 2013 and10 years ago $302,266 in 2008.
Highlights: Tiffany and Sherman Waterfalls, Ancaster Old Mill Restaurant, Hamilton Golf and Country Club, Oak Gables Golf Club, Meadowlands Power Centre with Costco, Redeemer University College, Ancaster Fairgrounds, Spring Valley Arena.
Average Selling Price for Ancaster - $739,046 with 500 Total Sales, 42 Average Days on the market, selling for 97% of the listing price...was $764,749 in 2017, 5 years ago $482,788 in 2013 and 10 years ago $381,207 in 2008.
Highlights - John C Munro International Airport,Canadian WarplaneHeritage Museum, Garth Trails, Twenty Place, Southern Pines Golf and Country Club, Glanbrook Sports Complex, Binbrook Fairground Community Park. Average Selling Price for Glanbrook - $560,312 with 405 Total Sales, 34 Average Days on the market, selling for 98% of the listing price...was $541,245 in 2017, 5 years ago $346,245 in 2013
Highlights - Average Selling Price for Grimsby - $554,283 with 439 Total Sales, 35 Average Days on the market, selling for 98% of listing price...was $591,753 in 2017, 5 years ago $353,326 in 2013 and 10 years ago $330,306 in 2008.
Highlights - Average Selling Price for Waterdown - $656,012 with 316 Total Sales, 33 Average Days on the market, selling for 98% of the listing price...was $687,159 in 2017, 5 years ago $441,569 in 2013 and 10 years ago $332,952 in 2008.
Highlights - Average Selling Price for Burlington - $742,352 with 2130 Total Sales, 33 Average Days on the market, selling for 98% of the listing price...was $760,059 in 2017, 5 years ago $485,470 in 2013 and 10 years ago $346,669 in 2008.
Are You Thinking Of Selling Your House, Or Condo SOON?
If you are thinking of selling your house anytime in the next year, it would be wise tomeet up soonso we can discuss a Selling Strategy for YOUR home that would get you the most money possible. You can also order this Free Book to help you figure out what you can do right now to help you sell your home Fast!...www.FreeHowToSellYourHouseFastBook.com. It is also a good idea to start getting educated about what homes are selling for in your particular neighbourhood.
If you are thinking about buying a home or condo let me get you set up on aPersonalized Search. You would get all the homes that match your exact criteria, the MINUTE they hit the Real Estate Market. These days Freehold homes are on the market for only 18 days (which includes any conditional times for financing and home inspections), so it is extremely important that you know about the Mls Listings As Soon As They Are Listed For Sale!
MLS PropertiesSOLDDecember 2018
The graph below shows the Overall December 2018 numbers for the Hamilton-Burlington Real Estate Board (RAHB). Please Note: These numbers are for the month of December only.
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.
Laura Doucette, at Sutton Group Innovative Realty Inc., Brokerage (in Real Estate since 1990) can give you the LOCAL market knowledge and experience needed to help you buy your first home, next home, retirement home, or investment property. Laura is also ASA Certified (Accredited Senior Agent) if you are helping an elderly parent with the sale of their home.