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Hamilton Ontario 2014 Real Estate Market SOLD Statistics

April 2014 Real Estate

Market Statistics

 

For Sellers & Buyers Looking for Current MLS

Listings, Solds, Statistics, House Prices in the

Hamilton - Burlington Real Estate Board Including

Dundas, Ancaster, Waterdown, Stoney Creek

Real Estate Statistics for Hamilton, Stoney Creek, Burlington, Ancaster, Dundas MLS Listings Sold in April 2014

 

April 2014 was another very busy Real Estate month in and around Hamilton-Burlington. The average days on market decreased from 40 to 34 days in the Freehold market and from 42 to 35 days in the Condominium market. That means that the houses, homes and condo's being put up for sale, are not lasting very long. In fact, the Dundas, Ancaster, Burlington Markets are starting to see more MLS Listings come up for sale with a clause listed in the comments that they will not accept any offers to purchase for a pre-determined set of time. As an example, a property may become available for sale on a Wednesday, with showings available on Wednesday, Thursday, Friday, Saturday & Sunday, possibly an open house on the weekend, and then any Offers

To Purchase would be presented to the Sellers on Monday. One House that used this technique listed for $289,900 and sold for $315,000. Another home listed for $417,000 and sold for $417,000. Multiple Offers do not always mean a higher price, however the Buyer with the fewest amount of conditions, or a Firm Offer (no conditions) usually goes to the top of the list to be considered. This affects the strategy used for Buyers putting in Offers on these listings.

If there are Multiple Offers, the Sellers will be looking at more than just price to decide on which Offer/Buyer they should pick. They will look at a combination of best price, fewest conditions, what extra's the Buyers asked for that were not included already by the Sellers, and the closing date, to see which one matches best with the one they have in mind. Buyers more than ever need to have their finances in order before they start looking at houses, and especially before they put an Offer to Purchase on a house for sale. Overall, listings are down by 2.7% from the same time last year, and sales are 2.5% higher, and the average sale price is 7.9% higher so far in 2014 compared to 2013.

 

Residential Homes SOLD in APRIL 2014

Current Listings

# of Sales - 2013

# of Sales - 2014

Average Property Sold Price - 2013

Average Property Sold Price - 2014

Hamilton West

74 74 $317,263

$369,342

Hamilton East 87 81 $187,741 $237,744
Hamilton Centre 132 102 $170,899 $199,211
Hamilton Mountain 195 202 $278,372 $298,993

Burlington Area

337 342 $482,301 $518,869

Ancaster Area

69 61 $462,006 $468,324

Dundas Area

30 38 $376,986 $407,414

Flamborough Area

25 18 $512,328 $485,028

Waterdown Area

48 37 $436,334 $508,708
Stoney Creek Area 103 107 $335,514 $358,819

Grimsby Area

35 51 $368,257 $333,377

Glanbrook Area

54 46 $339,514 $346,376

Dunnville Area

6 11 $224,750 $188,809

Caledonia Area

12 19 $266,133 $297,682

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.


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