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Hamilton Real Estate August 2016

Market Report Values MLS® For Sale

Houses Homes Condos Values Statistics

  

August 2016 Market Report 

Real Estate Selling Price Market Report for August 2016 Laura Doucette Sutton

Bottom Line: Going Up, Up, Up! 

It is no surprise that August set a record for a number of sales in the month of August (1409 Sales), and came in 9.2% higher than the same month last year. The REALTORS® Association of Hamilton - Burlington (RAHB) reported 1334 residential property sales through the  RAHB Multiple Listing Service® (MLS®) system in August, which is 7.4% higher than August 2015.

There was a 10.8% decrease from last year for the number of properties listed for sale with the number coming in at 1645 for August 2016. Average days on the market decreased from 35 to 27 for freehold, and from 38 to 27 in the condo market compared to August 2015.

"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. 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!

Have questions? Want to know what houses are selling for around you? Thinking of selling sometime in the future and want to know what changes to make so you can get Top Dollar? 

 

Meet me for coffee, and let's talk!

 Spotlight Area  - Dundas Ontario Known for everything from

Luxury Homes and Condo's to small Century Cottages,

Townhomes and Houses.

Real Estate Market Snapshot of Homes Houses Condo For Sale Or Sold Market Snapshot

At the beginning of September 2016 there were only 36 resale properties for sale (picture on the left below). Of those, 4 have been reported as conditionally sold, 29 are detached, 5 are Condo Apartment, 1 is a Semi Detached and 1 is a Townhouse. 

The price range is from a low of $370,000 (now rare to find anything listed for sale under $400,000) to $2,100,000 on the high end. Only 9 of these are listed for sale under $500,000 and even though they have an asking price below $500,000, many of them are "Holding Offers" and will end up selling in Multiple Offers (Bidding Wars as some people call them), for well over their initial asking price.

The picture on the right shows that there were only 23 sold in Dundas in August 2016 (203 Year To Date), showing the very low inventory for people to choose from. 16 of these were detached. The lowest sale price was $360,000 and the high was $1,325,000. The average sales price was approx $610,000 (Average Year To Date is $590,000). 7 of them sold for over the asking price in what was probably Multiple Offers.

The Selling to Listing Price Ratio for these solds was 100%, meaning on average these homes got 100% of their asking price, and on average took 11 days from the date of their listing to the day the offer on their house firmed up and was reported sold. 

This is why it is so important 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 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 just too late.

Want to sign up now so you don't miss out on any more listings? Go to DailyRealEstateListings.com

36 Detached Homes For Sale

 in Dundas as of September 2016

23 Detached Homes Sold

August 2016 - Dundas

Dundas Active September 2016Dundas SOLD August 2016

want-more-to-know about Real Estate Statistics 

 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 Listing Properties Solds Real Estate Statistics For April 2016 Laura Doucette Sutton MLS® Properties SOLD in August 2016 

For Current Listings:

Click on Each Area Below!

# of Sales

in 2015

# of Sales

in 2016

Average Property

Sold Price - 2015

Average Property

Sold Price - 2016

Hamilton West

3957$327,108

$442,741

Hamilton East

7292$252,513$313,662

Hamilton Centre

105124$234,804$299,210

Hamilton Mountain

176217$326,770$400,211

Burlington Area

260241$562,037$675,432

Ancaster Area

6061$627,079$693,096

Dundas Area

2531$467,936$585,806

Flamborough Area

3020$571,394$703,825

Waterdown Area

2034$523,825$572,579

Stoney Creek Area

85113$384,205$477,487

Grimsby Area

3732$492,060$480,022

Glanbrook Area

5256$433,507$466,185

Dunnville Area

1110$263,736$265,450

Caledonia Area

1813$306,467$429,521

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.

   

2018 Market Year End Review - Click Here <<<<

 

Previous Monthly Real Estate Solds Reports & Market Values Below...

2017

Reports

2016

Reports

2015

Reports

2014

Reports

 

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!

Order It Here: www.FreeHowToSellYourHouseFastBook.com

 

Thinking Of BUYING A Home?

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

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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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