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February 2014 Real Estate Market Statistics

For Sellers & Buyers Looking for Current MLS

Listings, Solds, Statistics, & House Prices in &

around Hamilton, Dundas, Ancaster, &

surrounding areas in the Hamilton - Burlington

Real Estate Board

 

RAHB (The REALTORS® Association of Hamilton-Burlington) CEO Ross Godsoe reported "The long winter seems to be having an effect on the real estate market. Our listing inventory continues to be lower than average, and overall, for all property types, we are seeing fewer listings and sales compared to last year." There were 1405 properties listed in February, a decrease of 5.9% from the same month last year. In fact, the amount of homes listed at the end of the month was 12.3 % lower than the same time last year! The Average Sale Price went up 5.8% to $398,973, from last February.

Wondering what Different Style House & Condominiums are Selling For? As of the end of February 2014, the top three selling styles of residential listings in the Hamilton-Burlington Market were the 2 Storey Houses coming in First with 620 sold so far this year and taking an average of 47 days to sell, getting an average price of $484,262. Second place went to 1 Floor Homes, selling 310 total, with an average of $356,285 and on average took about 49 days to sell. Third place went to 1.5 Storey Houses with 146 sold for an average of $337,624 taking on average 58 days on the market to sell. There were 308 total condominiums sold with an average price of $289,336. 126 of them were one-floor condo's, with an average of $288,500, and 108 of them were two-storey condo's, averaging $282,125.

 

Residential Homes SOLD in February 2014

Current Listings

# of Sales

2013

# of Sales

2014

Average Property

Sold Price 2013

Average Property

Sold Price 2014

Hamilton West

42 56 $318,782

$333,067

Hamilton East

59 52 $201,923 $213,144

Hamilton Centre

83 72 $170,285 $188,338

Hamilton Mountain

131 110 $276,947 $308,591

Burlington Area

216 199 $452,647 $481,705

Ancaster Area

41 41 $437,105 $494,611

Dundas Area

30 18 $402,803 $351,722

Flamborough Area

16 16 $487,594 $749,688

Waterdown Area

26 32 $418,117 $449,313

Stoney Creek Area

68 61 $326,372 $351,812

Grimsby Area

21 26 $409,524 $375,573

Glanbrook Area

25 31 $323,698 $356,192

Dunnville Area

5 5 $260,300 $235,980

Caledonia Area

7 15 $304,857 $298,307

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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