OCTOBER 2015 Statistics Sales Report is in, and for the 3rd month in a row, the monthly sales record has been broken!
October 2015 Stats from the Hamilton - Burlington Real Estate Board (RAHB - Realtors Association of Hamilton Burlington) which covers many areas including Dundas, Ancaster, Stoney Creek, Glanbrook, Caledonia, Waterdown, Grimsby Ontario, to name a few, report 1421 property sales, which is 13% increase in sales compared to October of last year, and 25.8% higher than the 10 year average!
There were only 1811 properties listed for sale in October, which is a 1.4% decrease from last October.
The average days on the market decreased from 41 to 35 days in the Freehold Real Estate Market and from 38 to 35 days in the Condominium Market over the same month last year. Year to date sales are 11.3 % higher compared to the same period last year and listings are 6.2% higher than last year. The average sale price is 8.4% higher for the same period.
So, what exactly makes it a Sellers Market right now in and
around Hamilton Ontario? Supply vs Demand!
There is very little supply (homes and condo's for sale), and a great demand (lots of qualified buyers), and that's what is making it a continued Seller's Market.
Right now, there are a total of just 184 detached houses with full basements for sale on the very popular for First Time Buyers, Hamilton Mountain (Escarpment). Prices range from $229,900 for a small home on Central Mountain to over $3.4 million for a West Mountain 1 acre Luxury home on the Brow with over 8000 square. Out of those 184, 27 are currently under contract with an accepted Offer to Purchase, just awaiting conditions to be met (mostly financing and home inspection). If you happen to be looking for a bungalow with a basement and garage, with 2 or more bedrooms under $450,000, your choices shrink to 19.E-mail me now if you want this list!
If you prefer theSouthwest Hamilton Neighbourhoodsnear Locke, Aberdeen, Queen Street (Kirkendal. Durand), there are only 17 detached, full basment, 2 or more bedrooms, homes for sale ranging from $299,900 for a home with street parking only, to just over $4.2 million for a 7 bedroom home executive home.
How Do I Find Out About All The Mls Houses Homes and Condo's Listed For Sale In and around Hamilton Ontario?
There are a few ways of finding out about the Most Current Real Estate Listings For Sale in and around Hamilton.
1) You can check out Realtor.ca, which does contain a lot of the listings, although it sometimes is out of date by up to a week and does not show when a property is under contract. This works if you are just curious, and not really in the market to buy.
2) If you want a nice easy way to stay educated on what is for sale, especially if you are just starting to think about moving in the next 6-12 months, make sure to Click HEREand sign up for the Weekly MarketWATCH Newsletter and have every new listing sent to you every week!
3) If you are more serious about buying in the next 6 months and don't want to miss out on the newest listings and best deals, get your Daily List of Homes For Salesent directly to your email!
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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