LAURA DOUCETTE - SALES REPRESENTATIVE | SUTTON GROUP INNOVATIVE REALTY INC., BROKERAGE | 905-575-7070

Here's What Happened This Month!

April 2023 Sales are down 15% since a year ago. New Listings also fell again from last year at this time, by 35.6%. Average prices have continued to decrease since the peak in February of 2022, dropping 11.7% from where they were a year ago in April. The current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) market area are higher than reported last year, however, are still lower compared to what we saw pre-pandemic for the same time of year, and historically are lower than usual for this time of the year. The lower-than-normal inventory levels have pushed the homes prices upwards in most areas of Hamilton-Burlington.
April 2023 had 1527 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 930 of those (down 37% from 2022) and Burlington's share was 336, down 36% from April last year. Overall New Listings have decreased by 1% since last month and have decreased 36% over April 2022.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of

1071 Properties are down 15.1% from April 2022, and are up 6% over the last month, March 2023. The overall average price for residential properties increased from last month ($851,558) to $888,773, which is down 11.7% from last year at this time. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek, and Glanbrook) were 644 down 18.2% from April 2022, with an average price of $806,809 down 14.3% from the same month last year, however, has gone up since last month which was $793,241. Burlington had 270 Sales which is down 1.5% from last year, with an average price of $1,144,424 which is down 7.1% from April 2022, but, like Hamilton, has increased over last month's average of $1,051,488.

The end-of-month listing inventory, which is a good indication of the type of market currently being experienced, now sits at 1022 Active Residential Listings giving Hamilton 1.6 months of supply, which is up 5.9% over April 2022, and only slightly up from last month. Burlington also dropped from last month and now has 285 Active Residential Listings which gives it just over 1 month of supply, down 16.4 from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 1710 properties for sale, which is 1.6 months of supply, compared to 1602 properties and 1.27 months of supply in April 2022, up only slightly month over month from 1698 and 1.6 months of supply in March 2023. The average days on the market also show that it is taking longer to sell a home. It went from 9 to 23 days in Hamilton year over year, and in Burlington from 8 to 18 days.

The Hamilton-Burlington Area has maintained its Sellers Market Status from last month, where the ratio of Homes Sold to Homes Listed is over 60%, currently sitting at the 70% (7 homes sold for every 10 listed). This marks the first time since early 2022 that the sales-to-new listings ratio pushed above 70%. Important Note: If you are currently looking for a property, ask your REALTOR® to show you the history of any property you are interested in. This will give you valuable information about how long the property has actually been for sale, when/if the price was adjusted, and possibly how much it sold for previously!



Buyers Market 
Below 40%


Balanced Market
Between 40% and 60%



Sellers Market 
Above 60%

(Ratio of Homes Sold to Homes Listed)




Year-To-Date Average Prices for Hamilton

The map below shows the current Year-To-Date Average Residential Prices. When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. If you are thinking of selling your house or condominium, get the most up-to-date. Here are a few other areas that are not listed on the map below.


Burlington - $1,064,869 - Up

Flamborough - $1,298,675 - Up

Waterdown - $1,023,851 - Up

Grimsby - $873,411 - Up

Caledonia - $755,562 - Up

Cayuga - $686,505 - Down

Dunnville - $587,502 - Up


 

Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!




MLS® Property Listings April 2023 


RAHB Market
Activity

Number of Sales
April 2023
Number of Sales
April 2022
Average Sale Price in April 2023Average Sale Price
April 2022

West Hamilton

5762$659,839$827,556

East Hamilton

6487$665,408$745,602

Central Hamilton

81115$566,988$680,043

Hamilton Mountain

152183$782,286$891,355

Flamborough

1629$1,298,675$1,554,369

Dundas

2235$902,337$1,070,401

Ancaster

6258$1,127,932$1,227,233

Waterdown

3449$1,023,851$1,237,745

Stoney Creek

96117$822,410$1,031,627

Glanbrook

6048$837,168$1,054,468

Burlington

270276$1,144,424$1,228,723

Dunnville

1524$619,700$692,846

Cayuga

45$651,275$738,000

Caledonia

1915$792,126$934,467

Hagersville

911$621,278$776,182

Seneca

65$1,076,667$964,000

Rainham

45$858,775$784,580

Grimsby

4864$826,479$1,114,576

West Lincoln

153$833,450$1,143,533


...

Here's What Happened This Month!


March 2023 Sales have dropped 33% since a year ago. New Listings also fell from last year at this time, by 37%. Average prices continued to decrease since the peak in February of 2022, dropping 20% from where they were a year ago in March. The current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) market area are much higher than reported last year. However, are still lower compared to what we saw pre-pandemic for the same time of year.

March 2023 had 1547 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 928 of those (down 40% in 2022) and Burlington's share was 332, down 41% from March last year. Overall New Listings have increased by 28% since last month and have decreased by 37% over March 2022.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 1031 Properties are down 32.7% from March 2022, and are up 34% over last month, February 2023. The overall average price for residential properties increased slightly from last month ($845,892) to $851,558, but is still down 20% from last year at this time. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek, and Glanbrook) were 624 down 34% from March 2022, with an average price of $793,241 down almost 21% from the same month last year, and has also dipped a bit since last month which was $800,584. Burlington had 240 Sales which is down 32% from last year, with an average price of $1,051,488 which is down 20% from March 2022, and also decreased over last month's average of $1,064,513.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced now sits at 1019 Active Residential Listings giving Hamilton just less than two months of supply, which is up 114% over March 2022, however, dropped from last month. Burlington also dropped from last month and now has 296 Active Residential Listings which gives it 1.2 months of supply, up 81% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 1698 properties for sale, which is 1.6 months supply, compared to only 674 properties and just over one-half months of supply in March 2022, but it has gone up slightly month over month from 1652 and 2.2 months of supply in February 2023. The average days on the market also shows that it is taking longer to sell a home. It went from 9 to 27 days in Hamilton year over year, and in Burlington from 8 to 22 days.

The Hamilton-Burlington Area has maintained its Sellers Market Status from last month, where the ratio of Homes Sold to Homes Listed is over 60%, currently sitting at the 67% (almost 7 homes sold for every 10 listed). Important Note: If you are currently looking for a property, ask your REALTOR® to show you the history of any property you are interested in. This will give you valuable information about how long the property has actually been for sale, and when/if the price was adjusted, and possibly how much it sold for previously!




Buyers Market - Below 40%

Balanced Market - Between 40% and 60%

Sellers Market - Above 60%

(Ratio of Homes Sold to Homes Listed)





Sign up now to receive the Hamilton MarketWATCH Weekly Newsletter so you can stay up to date on the Local Real Estate Market.

See houses, condominiums and townhomes For Sale, in every price range, throughout Hamilton, Dundas, Ancaster, Stoney Creek and Glanbrook by email every Tuesday!

Send Me Listings!

If you are thinking about Buying in the next 6 months you need to know as soon as a listing hits the market. Get notified every day about every listing that matches your criteria.

Be one of the very first to have access to properties that match what you are looking for directly to your email as soon as they come on the market.

Setup My Search!

Find out what homes just like yours are selling for, in today's market. Get a Customized Report with up-to-the-minute statistics and actual selling prices of properties that have sold near you in the last 30 days.

Receiving your monthly mailed report. Available for Hamilton, Dundas, Ancaster, Stoney Creek or Glanbrook.

Mail My Report!


Year To Date Average Prices for Hamilton


The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!


Burlington – $1,025,573 – Up
Flambourgh – $1,034,083 – Down
Waterdown – $1,022,118 – Up
Grimsby – $870,720 – Down
Caledonia – $740,027 – Up
Cayuga – $694,333 – Down
Dunnville – $571,402 – Up


 


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and it is probably already SOLD!



MLS® Property Listings in March 2023


RAHB Market ActivityNumber Of Sales March 2023Number of Sales March 2022Average Sale Price March 2023Average Sale Price March 2022
West Hamilton6182$686,475
$823,896
East Hamilton63133$641,554
$784,621
Central Hamilton99142$561,452
$752,412
Hamilton Mountain137213$742,519
$968,620
Flamborough1932$985,172$1,664,225
Dundas2836$845,722$1,205,944
Ancaster5177$1,215,157$1,361,621
Waterdown4045
$1,051,626
$1,267,986
Stoney Creek94151
$852,140
$1,060,945
Glanbrook3273
$901,334
$1,149,772
Burlington240359
$1,051,488
$1,305,593
Dunnville1228
$607,617
$804,780
Cayuga56$627,600$1,023,944
Caledonia1833$760,722$1,000,232
Hagersville28
$1,337,500
$800,100
Seneca03
$000,000
$2,975,250
Rainham49
$580,250
$921,975
Grimsby4780
$849,494
$1,006,741
West Lincoln214
$807,619
$1,096,000

Note: Numbers of sales represent sales reported on properties listed on the Multiple Listing Service (MLS®) of the REALTORS Association of Hamilton-Burlington. The average sale price is calculated by dividing the total dollar volume of sales (not shown) by the number of sales in that month.

...



Here's What Happened This Month!



February 2023 Sales have dropped 37% since a year ago. Most of these sales were in the under $800,000 price point. New Listings also fell from last year at this time, by almost 27%. Average prices continued to decrease since the peak in February of 2022, dropping 23% from where they were a year ago. The current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) market area are much higher than reported last year, however, are lower compared to what we saw pre-pandemic for the same time of year.  

February 2023 had 1203 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 736 of those (down from 1561 in 2022) and Burlington's share was 246, down from 350 in Febr uary last year. Overall New Listings have increased by only 7% since last month and have decreased 27% over February 2022.
 
Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 765 Properties are down 37. 3% from February 2022, and are up 37% over last month, January 2023. The overall average price for residential properties increased from last month ($791,551) to $845,892, but  is still down 23% from last years peak prices in February 2022. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 464 down 40% from February 2022, with an average price of $800,584 down almost 22% from the same month last year, but have gone up since last month which was $750,529. Burlington had 164 Sales which is down 38% from last year, with an average price of $1,064,513 which is down 23% from February 2022, however, increased over last month's average of $916,121.
The end-of-month listing inventory which is a good indication of the type of market currently being experienced has gone up a bit from last month and now sits at 994 Active Residential Listings giving Hamilton just over two months of supply, which is up 280% over February 2022. Burlington increased from last month and now has 301 Active Residential Listings which gives it 1.8 months of supply, up 262% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 1657 properties for sale, which is 2.15 months supply, compared to only 697 properties and just over one half months of supply in February 2022, but it has gone up slightly month over month from 1589 and 2.88 months of supply in January 2022. The average days on the market also shows that it is taking longer to sell a home. It went from 7 to 31 days in Hamilton year over year, and in Burlington from 7 to 24 days. 
 
The Hamilton-Burlington Area has gone from experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, to currently sitting at the beginning of a Sellers Market at 63.6% (about 6 homes sold for every 10 listed). Important Note:  If you are currently looking for a property, ask your REALTOR® to show you the history of any property you are interested in. This will give you valuable information about how long the property has actually been for sale, and when/if the price was adjusted and possibly how much it sold for previously!



Buyers Market - Below 40%

Balanced Market - Between 40% and 60%

Sellers Market - Above 60%

(Ratio of Homes Sold to Homes Listed)





Sign up now to receive the Hamilton MarketWATCH Weekly Newsletter so you can stay up to date on the Local Real Estate Market.

See houses, condominiums and townhomes For Sale, in every price range, throughout Hamilton, Dundas, Ancaster, Stoney Creek and Glanbrook by email every Tuesday!

Send Me Listings!

If you are thinking about Buying in the next 6 months you need to know as soon as a listing hits the market. Get notified every day about every listing that matches your criteria.

Be one of the very first to have access to properties that match what you are looking for directly to your email as soon as they come on the market.

Setup My Search!

Find out what homes just like yours are selling for, in today's market. Get a Customized Report with up-to-the-minute statistics and actual selling prices of properties that have sold near you in the last 30 days.

Receiving your monthly mailed report. Available for Hamilton, Dundas, Ancaster, Stoney Creek or Glanbrook.

Mail My Report!


Year To Date Average Prices for Hamilton


The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!


Burlington – $1,022,043 – Up
Flambourgh – $1,108,033 – Up
Waterdown – $923,694 – Up
Grimsby – $872,212 – Down
Caledonia – $699,190 – Down
Cayuga – $761,000 – Up
Dunnville – $522,195 – Down



 



Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and it is probably already SOLD!



MLS® Property Listings in February 2023


RAHB Market ActivityNumber Of Sales February 2023Number of Sales February 2022Average Sale Price February 2023Average Sale Price February 2022
West Hamilton4676$748,415
$801,129
East Hamilton4196$596,217
$861,960
Central Hamilton52108$565,710
$719,540
Hamilton Mountain114159$732,258
$989,197
Flamborough1119$1,099,445
$1,450,799
Dundas2626$872,830$1,161,661
Ancaster4360$1,204,499$1,379,753
Waterdown2539
$1,047,526
$1,223,934
Stoney Creek80120
$812,627
$1,118,895
Glanbrook2652
$843,288
$1,230,779
Burlington164254
$1,064,513
$1,413,836
Dunnville1315
$529,719
$788,941
Cayuga68
$760,000
$1,123,263
Caledonia1520
$693,887
$934,700
Hagersville37
$573,300
$771,571
Seneca23
$715,000
$1,335,333
Rainham27
$550,000
$793,620
Grimsby3350
$871,209
$1,031,491
West Lincoln212
$874,382
$1,287,450

Note: Numbers of sales represent sales reported on properties listed on the Multiple Listing Service (MLS®) of the REALTORS Association of Hamilton-Burlington. The average sale price is calculated by dividing the total dollar volume of sales (not shown) by the number of sales in that month.

...

Hamilton Area Statistics for January 2023

Here's What Happened This Month!

January 2023 Sales have dropped almost 26% since a year ago. New Listings are continuing to rise. Average prices continued to decrease since the peak in February of 2022, and have dropped 25% from where they were a year ago. The current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) market area are comparable to what we saw pre-pandemic, which is due to the higher interest rates and the rise in new listings. Higher supply is allowing for more choices for Buyers and we are continuing to see sales conditional on financing and home inspection.

January 2023 had 1116 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 666 of those (up from 536 in 2022) and Burlington’s share was 239, up from 187 in January last year. Overall New Listings have increased by 92% since last month and have increased 29% over January 2022.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 540 Properties are down 25.6% from January 2022, and are up 15% over last month, December 2022. The overall average price for residential properties decreased from last month ($805,162) to $791,551, and is down 25% from January 2022. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 349, down 22% from 292 in December 2022, with an average price of $750,529 down 22% from the same month last year, and remained close to the same from last month. Burlington had 112 Sales which is down 27% from 154 last year, with an average price of $908,321 which is down 34% from January 2022, and decreased 11% over last month.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced has dropped a bit from last month and now sits at 939 Active Residential Listings giving Hamilton just over two and half months of supply, which is up 283% over January 2022. Burlington increased from last month and now has 280 Active Residential Listings which gives it 2.5 months of supply, up 300% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 1589 properties for sale, which is 2.88 months supply, compared to only 877 properties and just over one-half months of supply in January 2022, and down slightly month over month from 1611 and 3.37 in December 2022. The average days on the market also shows that it is taking longer to sell a home. It went from 13 to 37 days in Hamilton year over year, and in Burlington from 9 to 30 days.

The Hamilton-Burlington Area continues experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 48% (about 5 homes sold for every 10 listed). Important Note: If you are currently looking for a property, ask your REALTOR® to show you the history of any property you are interested in. This will give you valuable information about how long the property has actually been for sale, when/if the price was adjusted, and possibly how much it sold for previously!

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

Sign up now to receive the Hamilton MarketWATCH Weekly Newsletter so you can stay up to date on the Local Real Estate Market.

See houses, condominiums and townhomes For Sale, in every price range, throughout Hamilton, Dundas, Ancaster, Stoney Creek and Glanbrook by email every Tuesday!

Send Me Listings!

If you are thinking about Buying in the next 6 months you need to know as soon as a listing hits the market. Get notified every day about every listing that matches your criteria.

Be one of the very first to have access to properties that match what you are looking for directly to your email as soon as they come on the market.

Setup My Search!

Find out what homes just like yours are selling for, in today's market. Get a Customized Report with up-to-the-minute statistics and actual selling prices of properties that have sold near you in the last 30 days.

Sign up to start receiving your monthly mailed report. Available for Hamilton, Dundas, Ancaster, Stoney Creek or Glanbrook.

Mail My Report!

Year To Date Average Prices for Hamilton

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!

Burlington – $923,935 – Down
Flambourgh – $937,800 – Down
Waterdown – $900,389 – Down
Grimsby – $895,442 – Down
Caledonia – $733,333 – Down
Cayuga – $700,000 – Down
Dunnville – $539,694 – Down


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!

MLS® Property Listings in January 2023

RAHB Market ActivityNumber Of Sales Jan 2021Number of Sales Jan 2020Average Sale Price Jan 2021Average Sale Price Jan 2020
West Hamilton6944$604,278$560,884
East Hamilton5257$590,364$437,857
Central Hamilton8162$484,647$417,685
Hamilton Mountain98116$701,032$520,239
Flamborough1022$1,404,100$722,636
Dundas2216$770,839$646,848
Ancaster3244$1,107,460$765,607
Waterdown2725$997,779$704,048
Stoney Creek7393$812,054$591,981
Glanbrook2227$826,702$580,067
Burlington187143$982,519$832,677
Dunnville124$600,084$376,667
Cayuga17$824,900$492,500
Caledonia913$664,300$505,569
Hagersville34$480,333$401,500
Seneca31$942,633$770,000
Rainham03$0$489,033
Grimsby3728$744,912$602,418
Smithville76$719,143$448,133
West Lincoln33$1,156,000$719,837

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.

...

Year In Review for 2022

Statistics & Property Values Report!

Market Adjustment in 2022 leads to a Balanced Market in the REALTORS® Association of Hamilton-Burlington (RAHB) Area. 7 interest rate hikes, record-high price gains, Buyer fatigue and limited supply were the main factors leading to this change. The end-of-year inventory for 2021 showed an unprecedented low of 9,706 Residential properties actively for sale. At the end of 2022, we saw this increase by almost double to 18,531 Residential Properties still for sale. Sales, however, decreased by almost 30% in 2022. There were 12,727 Residential Sales in 2021 compared to 8,745 Sales in 2022. The increased inventory available coupled with the decreased number of sales over the year now gives us a List-To-Sell Ratio of 53.12% for 2022 (Balanced Market), compared to 79.71% for 2021 (Sellers Market). It is important to note that the increased supply of homes only came for properties listed above $800,000.

Average Residential Selling Prices peaked at a record high in February 2022. They declined 25% over the rest of the year, and yet still ended up well above 2021. The average residential selling price for 2022 is $999,468, up from $897,491 in 2021 and $714,169 in 2020. Condominium Average Selling Price also jumped significantly from $494,910 in 2020 to $599,654 in 2021 and ended 2022 at $686,298. We are now only seeing the rare Multiple Offer which is used as a strategy to sell your house quicker by listing it at a price well below market value, thereby attracting many buyers and hopefully selling for well over the listed price. Thankfully, this change to a more balanced market has allowed more buyers to get back to putting safeguard conditions in their offers to purchase. We are back to seeing conditions on financing, home inspections and in a few cases, a condition to sell your property. Too many buyers over the last couple of years were forced to buy a property without these conditions. This led to many financing problems for those who bought in early 2022 but did not have a closing date till later in the year. No matter what type of Real Estate Market we are experiencing it is vital that you are working closely with your Real Estate Agent and Mortgage Broker. There are many lawsuits where the Buyers did not/could not close on their purchase and were successfully sued/or are going to be sued for hundreds of thousands of dollars.

Overall Average Sales Prices increased year over year in almost every district throughout The REALTORS ® Association of Hamilton-Burlington (RAHB) Area. In 2019 there were still 5 neighbourhoods within these districts where the average selling price was below $400,000. There was only one neighbourhood left in 2020 in this price category which is the Industrial neighbourhood of District 21 in the Hamilton Centre Area with an Average Selling for 2020 of $368,257. In 2021 this same district had an average price of $495,501. It is still the least expensive district in Hamilton to buy a home, however, the average price rose to $533,857 in 2022, which is the lowest in all of Hamilton and the surrounding areas covered by The REALTORS ® Association of Hamilton-Burlington (RAHB). The Hamilton Centre (made up of 5 districts) has gone from an average of $390,622 in 2019 to $469,985 in 2020 to $579,424 in 2021 and is now $642,083 and continues to be the lowest Average Price in all of the areas RAHB covers. In 2021 there were still 3 Districts in Burlington with averages under a million dollars. Now, all of the districts in Burlington have averages of over a million dollars. Overall, Burlington now has an average price of $1,073,194 (up from $1,073,880 in 2021). Ancaster, Dundas, Flamborough, Waterdown, Oneida and Seneca also all now have an average price of over $1,000,000. The average price for a Residential Home on Hamilton's Mountain went from $580,312 in 2020 to $755,146 in 2021 and to $837,010 in 2022. *See the Maps below comparing more prices year over year.* Types of homes sold in 2022 compared to 2021 showed that there were 3097 Bungalows sold in 2021 at an Average Selling Price of $802,821 and only 2260 Bungalows in 2022 that sold for an Average Selling Price of $880,003. In 2021 there were 5059 2 Storey Sales at an Average of $1,005,828 and in 2022 there were only 3535 2 Storey Sales with an Average Selling Price of $1,137,297.

See below for Average Selling Prices of Districts and Neighbourhoods in and around Hamilton Ontario, comparing average sales from 2022 to 5 (2017) and 10 (2012) years ago. Below these charts, you will find the Month of December 2022 Statistics Report.


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Average Selling Prices Compared to 2017 and 2012

Here is an overview of the 2022 Average Selling Prices for Residential Properties in and around Hamilton Ontario Canada, compared to 5 years ago (2017) and 10 years ago (2012). It is broken down into the different districts and areas in and around Hamilton Ontario.



West Hamilton

Neighbourhood Features - McMaster University, Westdale Village (Weils Bakery, Westdale Theatre), Locke Street Shops, Hess Street, West Harbour Go Station, Bayfront Park, Royal Botanical Gardens, Dundurn Castle, Farmers Market, and quick access to Highway 403.

2022 West Hamilton Overview

  • $764,924 - Average Selling Price
  • 468 - Total # of Sales
  • 19 - Average Days on Market
  • 106% - Sold Price vs Listing Price

Compared to Past Years…

  • $665,834 in 2021 (1 year ago)
  • $468,584 in 2017 (5 years ago)
  • $293,065 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
10Bayfront, Strathcona, Central$213,296$380,114$656,178
11Westdale, Ainslie Wood$319,370$510,095$800,638
12Durand, Kirkendall$317,089$490,515$806,401


Central Hamilton

Neighbourhood Features - Known as Downtown Hamilton, and home to Gore Park, Gage Park, Ottawa Street Shops, Go Bus Station,Tim Hortons Field (Tiger Cats Football & Forge FC Soccer), Art Crawl and Supercrawl.

2022 Central Hamilton Overview

  • $642,083 - Average Selling Price
  • 862 - Total # of Sales
  • 17 - Average Days on Market
  • 111% - Sold Price vs Listing Price

Compared to Past Years…

  • $578,953 in 2021 (1 year ago)
  • $348,557 in 2017 (5 years ago)
  • $161,799 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
13North End$154,720$329,778$622,620
14Beasley, Landsdale$148,393$348,147$589,107
20Corktown, Stinson, Crown Point, Gibson, Stipley$152,023$330,589$637,266
21Central Mall Area$105,535$241,172$533,857
22St. Clair, Blakeley, Deta$183,000$459,269$801,560


East Hamilton

Neighbourhood Features - Home to the famous Hutches and Barangas on the Beach Restaurants at Confederation Park on the lake, Waterfront Trail (all the way to Burlington), Eastgate Mall, Brock University Campus, Kings Forest Golf Course and very easy access to QEW Niagara and Toronto, Red Hill Valley Parkway and the Skyway Bridge.

2022 East Hamilton Overview

  • $701,685 - Average Selling Price
  • 752 - Total # of Sales
  • 17 - Average Days on Market
  • 110% - Sold Price vs Listing Price

Compared to Past Years…

  • $621,563 in 2021 (1 year ago)
  • $356,312 in 2017 (5 years ago)
  • $198,856 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
23Homeside, Normanhurst, McQuesten, Parkview$158,706$305,612$619,738
24Rosedale, Bartonville, Glenview$218,289$377,294$721,949
27Riverdale, Kenley$218,683$396,778$735,993
28Greenford, Vincent, Gershome$214,540$371,737$742,704
29Hamilton Beach$316,864$545,060$962,422


Hamilton Mountain

Neighbourhood Features - Limeridge Mall Shopping Centre, Mohawk College, Hillfield Strathallan Private College, Westmount School and Recreation Centre, Huntington Park Rec Centre, Bernie Arbour Moahawk Sports Park, Chedoke Twin Pad Arena, LINC (Lincoln Alexander Expressway) Escarpment Rail Trail and Chedoke Radial Trail, Numerous Waterfalls.

2022 Hamilton Mountain Overview

  • $837,010 - Average Selling Price
  • 1361 - Total # of Sales
  • 15 - Average Days on Market
  • 109% - Sold Price vs Listing Price

Compared to Past Years…

  • $755,188 in 2021 (1 year ago)
  • $464,258 in 2017 (5 years ago)
  • $264,599 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
15Mountview, Westcliffe, Buchanan, Southam, Bonnington, Mohawk$302,605$524,222$921,402
16Fessenden, Gilbert, Rolston, Yeoville, Gurnett, Gilkson, Gourley, Kernighan, Falkirk East, Falkirk West, Kennedy, Carpenter$278,004$488,873$847,668
17Centremount, Inch Park, Eastmount, Raleigh, Balfour, Hill Park, Burkhome, Macassa$217,767$391,007$739,023
18Greeningdon, Bruleville, Thorner, Lawfield, Jerome, Crerar, Barnstown, Rushdale, Butler, Randall, Eleanor, Allison, Ryckmans Corners$295,391$509,591$917,776
25Sunninghill, Sherwood, Hampton Heights, Huntington$254,888$449,625$801,309
26Berrisfield, Lisgar, Trenholme, Quinndale, Templemead, Broughton$251,709$440,011$810,125


Stoney Creek

Neighbourhood Features - Battlefield Park, Eramosa Karst Conservation Area and Caves, Devils Punchbolw Waterfalls and Conservation Area, Felkers Falls, Valley Park Community Centre, Winona, 50 Point Conservation Area and Marina.

2022 Stoney Creek Overview

  • $927,548 - Average Selling Price
  • 910 - Total # of Sales
  • 17 - Average Days on Market
  • 106% - Sold Price vs Listing Price

Compared to Past Years…

  • $845,429 in 2021 (1 year ago)
  • $546,121 in 2017 (5 years ago)
  • $313,166 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
50Heritage Green, Valley Park, Felker, Trinity, Highland, Leckie Park$312,568$550,575$970,720
51Battlefield, Corman, South Meadow, Highway Valley, Dewitt, Eastdale, Polar Park, Guernsey, Westmeria, Fruitland, Community Beach, Winona Park$310,294$539,381$890,223
52Rural Stoney Creek$420,026$647,600$1,179,880


Dundas

Neighbourhood Features - Home of the fun filled Buskerfest and Cactus Festivals, Dundas Driving Park, Dundas Valley Golf and Curling Club, Dundas Valley Conservation Area, Downtown Dundas Shops and Restaurants in a small town setting.

2022 Stoney Creek Overview

  • $1,035,109 - Average Selling Price
  • 254 - Total # of Sales
  • 18 - Average Days on Market
  • 107% - Sold Price vs Listing Price

Compared to Past Years…

  • $930,698 in 2021 (1 year ago)
  • $603,481 in 2017 (5 years ago)
  • $335,891 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
41Pleasant View, Hopkins Corner, Cootes Paradise, University Gardens, Dundana, Grosvenor's Estate, Highland Park, Pleasant Valley$335,891$603,481$1,035,109


Ancaster

Neighbourhood Features - Home of best brunch at Ancaster Old Mill Restaurant, Tiffany and Sherman Waterfalls, Hamilton Golf and Country Club, Gables Golf Club, Meadowlands Power Centre (Costco), Redeemer University College, Ancaster Fairgrounds, Spring Valley Arena.

2022 Ancaster Overview

  • $1,282,615 - Average Selling Price
  • 451 - Total # of Sales
  • 20 - Average Days on Market
  • 105% - Sold Price vs Listing Price

Compared to Past Years…

  • $1,154,404 in 2021 (1 year ago)
  • $770,255 in 2017 (5 years ago)
  • $462,401 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
42Sulphur Spring, Ancaster Heights, Oakhill, Meadowlands, Parkview Heights, Nakoma, Harmony Hall, Shaver, Southcote$462,401$770,255$1,282,615


Glanbrook

Neighbourhood Features - John C. Munro Intermational Airport, Canadian Warplane Heritage Museum, Garth Trails & Twenty Place Adult Senior Living Condominiums, Southern Pines Golf and Country Club, Glanbrook Sports Complex, Binbrook Fairground Community Park.

2022 Glanbrook Overview

  • $998,053 - Average Selling Price
  • 348 - Total # of Sales
  • 18 - Average Days on Market
  • 107% - Sold Price vs Listing Price

Compared to Past Years…

  • $926,758 in 2021 (1 year ago)
  • $538,974 in 2016 (5 years ago)
  • $342,416 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
53Glanbrook, Binbrook, Mount Hope$342,216$538,974$998,053

Grimsby

Neighbourhood Features - Niagara Peninsula Town, On The QEW Between Niagara and Toronto, Nelles Manor (1798 Loyalist Residence), Lake Views, Lake Access Point At Nelles Park Beach & Grimsby Beach Park, Lookout Trail, Conservation, Happening On The Forty Festival, Centennial Park, Forty Creek Distillery, Beamer Falls.

2022 Grimsby Overview

  • $959,363 - Average Selling Price
  • 381 - Total # of Sales
  • 21 - Average Days on Market
  • 103% - Sold Price vs Listing Price

Compared to Past Years…

  • $872,046 in 2021 (1 year ago)
  • $572,499 in 2017 (5 years ago)
  • $348,747 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
54Grimsby South & North$348,747$592,499$959,363

Waterdown

Neighbourhood Features - Clappison's Corners, Royal Botanical Gardens, Waterdown Memorial Park, Smokey Hollow Waterfalls, Joe Sam's Leisure Park, Waterdown Supercentre Shopping.

2022 Waterdown Overview

  • $1,069,461 - Average Selling Price
  • 289 - Total # of Sales
  • 17 - Average Days on Market
  • 104% - Sold Price vs Listing Price

Compared to Past Years…

  • $985,886 in 2021 (1 year ago)
  • $676,613 in 2017 (5 years ago)
  • $399,007 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
46Waterdown East & West$399,007$676,613$1,069,461

Burlington

Neighbourhood Features - Millcroft Shopping Centre, Millcroft Golf Club, Tansley Woods Community Centre, Spencer Smith Park, Burlington Beach, Burlington Golf and Country Club, Tyandaga Golf Course, Ikea, LaSalle Park, LaSalle Marina, Royal Botanical Gardens.

2022 Burlington Overview

  • $1,208,840 - Average Selling Price
  • 1729 - Total # of Sales
  • 17 - Average Days on Market
  • 104% - Sold Price vs Listing Price

Compared to Past Years…

  • $1,073,880 in 2021 (1 year ago)
  • $756,720 in 2017 (5 years ago)
  • $452,983 in 2012 (10 years ago)
DistrictNeighbourhoodsAverage Prices in 2012Average Prices in 2017Average Prices in 2022
30Aldershot$518,985$850,126$1,179,421
31Plains, Maple, Central$429,939$706,404$1,099,458
32Dynes, Longmoor, Pinedale$371,600$654,145$1,052,923
33Roseland, Shoreacres, Elizabeth Gardens$570,439$1,015,235$1,514,262
34Tyandaga, Mountainside, Brant Hills$418,631$680,371$1,140,236
35Headon Forest, Palmer, Tansley, Millcroft, Orchard, Corporate$429,958$685,203$1,194,139
36Alton West, Alton East$505,652$824,708$1,315,494
38North Burlington Rural$732,468$1,386,340$2,271,822

Monthly Report For December 2022

December 2022 had only 584 Total Residential Listings come through the Hamilton Real Estate Board which was down over 50% from 1248 New Listings in November, and also down 3.9% from December 2021 (590) as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 350 of those (down from 406 in 2021) and Burlington had 117 (down from 109 in 2021).

Residential Sales located throughout the RAHB market area (including Burlington and all outlying areas covered by RAHB) of 458 Properties were down from 672 in November, and down from December 2021 by 37.8%. Residential Sales in Hamilton (which includes Hamilton plus Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 284 of that total and the Average Hamilton Residential Sales Price of those 284 in December 2022 was $750,601 down 14.6% from December 2021 ($861,695). Burlington had 98 Sales (down from 136 in 2021) with an Average Price of $1,039,940 (down 14% from the $1,221,327 Average Price in December 2021). The Overall Average Price for Residential Properties including all areas was $808,295 which is a slight increase from last month's $808,928 and a decrease of 13.3% from December 2021.

The end-of-month listing inventory shows 960 Active Residential Listings, giving Hamilton 3.38 months of inventory, which is up 430.4% compared to 154 Properties still available for sale at the end of December last year which was 0.3 months of inventory. Burlington has 2.62 months of inventory (up 446.8%) with 257 active listings for sale. Average Days on the market increased from 14.7 last year to 34.3 days this December for Hamilton and also increased in Burlington from 13.9 one year ago, to 33.9 days this December.

The Hamilton - Burlington Area is currently experiencing a Sellers Market, where the ratio of Homes Sold to Homes Listed is above 60%, currently sitting at 78% for Residential, (in other words, 7.8 homes are sold for every 10 new listings).

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

MLS® Properties SOLD in December 2022

RAHB Market ActivityNumber Of Sales Dec 2022Number of Sales Dec 2021Average Sale Price Dec 2022Average Sale Price Dec 2021
West Hamilton1848$538,378$658,813
East Hamilton3362$573,127$730,655
Central Hamilton40107$559,453$629,206
Hamilton Mountain65127$733,545$883,826
Flamborough810$1,213,063$1,326,038
Dundas1223$780,250$1,041,800
Ancaster2528$1,110,804$1,353,962
Waterdown1921$885,666$1,096,215
Stoney Creek4877$787,121$964,517
Glanbrook1629$816,313$1,017,459
Burlington98136$1,039,940$1,221,327
Dunnville1012$751,450$762,991
Cayuga06$000,000$668,683
Caledonia1210$714,732$765,480
Hagersville54$479,860$885,250
Seneca01$000,000$1,175,000
Rainham23$577,500$746,667
Grimsby1744$796,000$876,227
West Lincoln52$776,400$1,227,500

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.

...

Hamilton Area Statistics for November 2022

Here's What Happened This Month!

As is typical for this time of year, November Sales are lower. New Listings are also lower than in October, however, they are up a bit from last November. Average prices continued to decrease since the peak in February of this year, and have dropped 11% from where they were a year ago. Higher supply is allowing for more choices for Buyers and we are back to seeing sales conditional on financing and home inspection, which is always a good thing!

November 2022 had 1248 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 791 of those (down slightly from 810 in 2021) and Burlington’s share was 221, down from 239 in November last year. Overall New Listings decreased by 21% since last month and have increased almost 2% over November 2021.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 672 Properties are down 41.7% from November 2021, and are also down 13% over last month, October 2022. The overall average price for residential properties decreased from last month ($854,241) to $808,928, and is down 11.2% from November 2021. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 425, down 44% from 755 in November 2021, with an average price of $761,244 down 9% from the same month last year, and down 4% from last month. Burlington had 143 Sales which is down 37.3% from 243 last year, with an average price of $973,744 which is down 18% from November 2021, and decreased 11% over last month.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced has dropped a bit from last month and now sits at 1278 Active Residential Listings giving Hamilton 3 months of supply, which is up 221% over November 2021. Burlington also dropped from last month and now has 385 Active Residential Listings which gives it 2.7 months of supply, which is up 328% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 3.16 months supply, compared to only .5 months in November 2021, and up slightly month over month from 3.11 in October 2022. The average days on the market also show that it is taking longer to sell a home. It went from 13.5 to 28.4 in Hamilton year over year, and in Burlington from 12.6 to 30.7.

The Hamilton-Burlington Area continues experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 53.4% (about 5 homes sold for every 10 listed). So far this year, this has gone from 86.8% in January to 79% in February, to 69% in March, to 57% in April, 50.3% in May, to a low of 42% in June, then up to 50% in July, up again in August to 59%, then a big drop in September to 43%, then up to 48.6% in October and now up to 53.4%. This is trending away from a Buyer’s Market. Important Note: If you are currently looking for a property, ask your REALTORS® to show you the history of any property you are interested in. This will give you valuable information about how long the property has been for sale, and when/if the price was adjusted, and possibly how much it sold for previously!

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

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Year To Date Average Prices for Hamilton

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!

Burlington – $1,216,987 – Down
Flambourgh – $1,552,337 – Down
Waterdown – $965,396 – Down
Grimsby – $965,396 – Down
Caledonia – $893,630 – Down
Cayuga – $893,630 – Up
Dunnville – $687,828 – Down


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!

MLS® Property Listings in November 2022

RAHB Market ActivityNumber Of Sales November 2022Number of Sales November 2021Average Sale Price November 2022Average Sale Price November 2021
West Hamilton3761$804,917$698,819
East Hamilton4879$596,227$667,033
Central Hamilton55127$552,285$625,038
Hamilton Mountain96181$680,725$789,085
Flamborough1723$1,216,324$1,185,026
Dundas1644$840,250$870,106
Ancaster3765$1,094,284$1,219,930
Waterdown3031$884,913$1,152,605
Stoney Creek67106$744,164$890,286
Glanbrook2242$835,727$994,904
Burlington221234$970,726$1,175,264
Dunnville1421$588,343$813,690
Cayuga211$900,000$1,144,210
Caledonia179$820,265$858,722
Hagersville47$525,000$573,171
Seneca13$1,310,000$1,220,000
Rainham33$816,667$633,333
Grimsby2643$923,854$919,419
West Lincoln55$695,500$1,104,000

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.

...

Hamilton Area Statistics for October 2022

Here's What Happened This Month!

October Sales remain similar to last month and continue to be below the ten-year average. A huge factor affecting the current Real Estate Market Sales is higher interest rates, especially after the 6th rate hike this year to help try to combat inflation. Average prices continued to decrease since the peak in February of this year, and have dropped almost 7% from where they were a year ago at this time.

October 2022 had 1557 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 956 of those (up from 879 in 2021) and Burlington’s share was 307, up from 265 in October last year. Overall New Listings increased by 11% since last month and have increased 13% over October 2021.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 756 Properties are down 40.8% from October 2021, and are up a slight 2% over last month, September 2022. The overall average price for residential properties increased less than 1% from last month to $854,241, and is down 7% from October 2021. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 455, down 43.5% from 807 in October 2021, with an average price of $790,130 down 7.8% from the same month last year, and up slightly from last month. Burlington had 168 Sales which is down 33.3% from 246 last year, with an average price of $1,098,493 which is down 5.2% from October 2021, but up 4% month over month.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced has continued to climb from last month and now sits at 1321 Active Residential Listings giving Hamilton 3.6 months of supply, which is up 191% over September 2021. Burlington also went up from last month and now has 450 Active Residential Listings which gives it 2.68 months of supply, also up 275% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 3.11 months, compared to only .8 months in September 2021, however, slightly down month over month from 3.24 in September 2022. The average days on the market also show that it is taking longer to sell a home. It went from 16.8 to 29.1 in Hamilton year over year, and in Burlington from 12.7 to 28.9.

The Hamilton-Burlington Area continues experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 48.6% (about 5 homes sold for every 10 listed). So far this year, this has gone from 86.8% in January to 79% in February, to 69% in March, to 57% in April, 50.3% in May, to a low of 42% in June, then up to 50% in July, up again in August to 59%, then a big drop in September to 43% and now up to 48.6%. Many Sellers are struggling with how much the prices have dropped so we are still seeing lots of properties cancel their listing and come back on the market with an improved (lower) asking price. If you are currently looking for a property, ask your REALTORS ® to show you the history of any property you are interested in. This will give you valuable information about how low the property has been for sale, and when/if the price was adjusted.

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

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Year To Date Average Prices for Hamilton

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!

Burlington – $1,232,888 – Down
Flambourgh – $1,572,746 – Down
Waterdown – $1,089,816 – Down
Grimsby – $970,215 – Down
Caledonia – $875,685 – Down
Cayuga – $892,658 – Down
Dunnville – $698,053 – Down


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!

MLS® Property Listings in October 2022

RAHB Market ActivityNumber Of Sales October 2022Number of Sales October 2021Average Sale Price October 2022Average Sale Price October 2021
West Hamilton3165$758,815$727,900
East Hamilton6794$590,528$660,490
Central Hamilton55127$536,432$603,360
Hamilton Mountain111198$723,764$801,425
Flamborough2823$1,208,326$1,279,604
Dundas1323$942,538$1,012,439
Ancaster4081$1,088,550$1,319,953
Waterdown2631$1,085,142$1,060,424
Stoney Creek61114$829,139$980,317
Glanbrook2351$789,535$954,108
Burlington168246$980,000$1,148,587
Dunnville1720$537,406$626,550
Cayuga59$790,500$1,068,869
Caledonia1224$785,324$781,112
Hagersville57$604,000$613,500
Seneca42$1,033,750$1,637,000
Rainham12$390,000$492,000
Grimsby3874$870,987$953,411
West Lincoln132$934,654$1,355,000

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.

...

Hamilton Area Statistics for September 2022

Here's What Happened This Month!

September Sales are the lowest in over a decade, mostly due to higher interest rates and widespread concern over a housing market correction. Average prices continued to decrease since the peak in February of this year and actually dipped below what they were a year ago at this time. If you are trying to sell your property the most important thing you can do is Price It Right! Low Sales + Increased Supply means Buyers have LOTS to choose from!

September 2022 had 1747 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 1061 of those (up from 958 in 2021) and Burlington’s share was 409, up from 317 in September last year. Overall New Listings increased by 9% since last month and have increased by 14% over September 2021.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 751 Properties are down 36% from last September 2021, and are down 14% over last month, August 2022. The overall average price for residential properties increased by 1% from last month to $851,002 and is down 3% from September 2021. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek, and Glanbrook) were 446, down 38% from 724 in September 2021, with an average price of $784,302 down 2% from the same month last year, and basically stayed the same as last month. Burlington had 186 Sales which is down 33% from 278 last year, with an average price of $1,054,582 which is down 1% from September 2021, but up 2% month over month.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced has continued to climb from last month and now sits at 1452 Active Residential Listings giving Hamilton 3.26 months of supply, which is up 146% over September 2021. Burlington also went up from last month and now has 475 Active Residential Listings which gives it 2.55 months of supply, also up 219% from the same time last year. Overall, the number of Active Listings Available at the end of the month has more than doubled and now sits at 3.24 months, compared to .82 months in September 2021, and is also up month over month from 2.68 in August 2022. The average days on the market also shows that it is still taking longer to sell a home. It went from 14 to 27 in Hamilton year over year, and in Burlington from 11 to 23.

The Hamilton-Burlington Area continues to be experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 43% (about 4 homes sold for every 10 listed) which has dropped month over month and is close to a Buyers Market! So far this year, this has gone from 86.8% in January to 79% in February, to 69% in March, to 57% in April, 50.3% in May, to a low of 42% in June, then up to 50% in July, up again in August to 59%, then a big drop this month to 43%. Many Sellers are struggling with how much the prices have dropped so we are still seeing lots of properties cancel their listing and come back on the market with an improved (lower) asking price. Unfortunately, the market seems to be dropping faster than many sellers are adjusting to it, so this pattern could continue for a while.

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

Sign up now to receive the Hamilton MarketWATCH Weekly Newsletter so you can stay up to date on the Local Real Estate Market.

See houses, condominiums and townhomes For Sale, in every price range, throughout Hamilton, Dundas, Ancaster, Stoney Creek and Glanbrook by email every Tuesday!

Send Me Listings!

If you are thinking about Buying in the next 6 months you need to know as soon as a listing hits the market. Get notified every day about every listing that matches your criteria.

Be one of the very first to have access to properties that match what you are looking for directly to your email as soon as they come on the market.

Setup My Search!

Find out what homes just like yours are selling for, in today's market. Get a Customized Report with up-to-the-minute statistics and actual selling prices of properties that have sold near you in the last 30 days.

Sign up to start receiving your monthly mailed report. Available for Hamilton, Dundas, Ancaster, Stoney Creek or Glanbrook.

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Year To Date Average Prices for Hamilton

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!

Burlington – $1,296,577 – Down
Flambourgh – $1,599,508 – Up
Waterdown – $1,090,102 – Down
Grimsby – $982,035 – Down
Caledonia – $887,733 – Down
Cayuga – $902,296 – Down
Dunnville – $713,059 – Down


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!

MLS® Property Listings in September 2022

RAHB Market ActivityNumber Of Sales September 2022Number of Sales September 2021Average Sale Price September 2022Average Sale Price September 2021
West Hamilton2855$641,314$667,388
East Hamilton54100$631,867$647,583
Central Hamilton66111$563,412$591,832
Hamilton Mountain98191$758,506$784,667
Flamborough1224$1,349,892$1,220,475
Dundas1126$982,364$887,100
Ancaster3148$1,047,548$1,115,418
Waterdown2226$1,058,423$952,076
Stoney Creek72114$818,821$863,155
Glanbrook3142$880,455$975,601
Burlington178279$967,500$1,064,685
Dunnville1513$587,067$677,855
Cayuga49$962,500$868,194
Caledonia1519$715,147$743,711
Hagersville34$578,333$632,500
Seneca01$000,000$1,010,000
Rainham18$1,400,000$521,175
Grimsby4047$836,407$827,173
West Lincoln85$780,625$904,000

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.

...

Hamilton Area Statistics for August 2022

Here's What Happened This Month!

Like last month, the August 2022 Real Estate Market has continued with the trend of correcting itself post-pandemic. Average prices continued to decrease since the peak in February of this year. July and August are typically slower months so it is not a surprise to see lower sales and a decrease in new listings coming on the market. There is also uncertainty about where the Market is headed, and with the increase in interest rates, affordability has decreased, especially with another rate increase in September. Basically, prices seem to be very close to what they were 1 year ago. Generally speaking, September and October are much busier than the summer. Many Canadians have returned from long-awaited vacations and once they adjust the decreasing prices along with the increasing interest rates, we can anticipate a strong Fall Market. The frenzied buying of the first couple of months this year will not return, however, volume and prices are expected to begin trending upwards.

August 2022 had 1641 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS® Association of Hamilton-Burlington (RAHB). Hamilton had 963 of those (up from 864 in 2021) and Burlington’s share was 362, up from 254 in August last year. Overall New Listings decreased by 8% since last month and have increased by 20% over August 2021.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS® Association of Hamilton-Burlington) of 906 Properties are down 24.2% from last August 2021, however, rose 11.7% over last month, July 2022. The overall average price for residential properties decreased by 7.1% from last month to $878,816, and is up 3.9% from July 2021. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek, and Glanbrook) were 537, down 29.6% from 763 in August 2021, with an average price of $792,767 up 1.7% from the same month last year, and only slightly lower than last month. Burlington had 209 Sales which is down 10.3% from 233 last year, with an average price of $1,038,930 which is down 1.5% from August 2021 and also down month over month.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced has continued to climb from last month and now sits at 1337 Active Residential Listings giving Hamilton 2.5 months of inventory, which is up 1.7% over August 2021. Burlington also went up from last month and now has 425 Active Residential Listings which gives it 2 months of inventory, also up 1.4% from the same time last year. Overall, the number of Active Listings Available at the end of the month is lowering due to the increased sales and now sits at 2.6 months, compared to 3.1 months in July 2022. The average days on the market also shows that it is still taking longer to sell a home. It went from 17.2 to 28 in Hamilton year over year, and in Burlington from 15.2 to 26.4.

For the fifth month in a row, the Hamilton-Burlington Area is experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 59% (almost 6 homes sold for every 10 listed) which has gone up month over month for the 2nd month in a row and could be trending back towards a Sellers Market! So far this year, this has gone from 86.8% in January to 79% in February, to 69% in March, to 57% in April, 50.3% in May, to a low of 42% in June, then up to 50% in July and now sits at 59%, which is very close to a Sellers Market. Many Sellers are struggling with how much the prices have dropped so we are still seeing lots of properties cancel their listing and come back on the market with an improved (lower) asking price. Unfortunately, the market seems to be dropping faster than many sellers are adjusting to it, so this pattern could continue for a while.

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

Sign up now to receive the Hamilton MarketWATCH Weekly Newsletter so you can stay up to date on the Local Real Estate Market.

See houses, condominiums and townhomes For Sale, in every price range, throughout Hamilton, Dundas, Ancaster, Stoney Creek and Glanbrook by email every Tuesday!

Send Me Listings!

If you are thinking about Buying in the next 6 months you need to know as soon as a listing hits the market. Get notified every day about every listing that matches your criteria.

Be one of the very first to have access to properties that match what you are looking for directly to your email as soon as they come on the market.

Setup My Search!

Find out what homes just like yours are selling for, in today's market. Get a Customized Report with up-to-the-minute statistics and actual selling prices of properties that have sold near you in the last 30 days.

Sign up to start receiving your monthly mailed report. Available for Hamilton, Dundas, Ancaster, Stoney Creek or Glanbrook.

Mail My Report!

Year To Date Average Prices for Hamilton

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!

Burlington – $1,296,577 – Down
Flambourgh – $1,638,723 – Up
Waterdown – $1,121,003 – Down
Grimsby – $1,023,031 – Down
Caledonia – $921,422 – Down
Cayuga – $887,424 – Down
Dunnville – $726,881 – Down


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!

MLS® Property Listings in August 2022

RAHB Market ActivityNumber Of Sales August 2022Number of Sales August 2021Average Sale Price August 2022Average Sale Price August 2021
West Hamilton3157$608,506$671,292
East Hamilton7582$612,439$604,903
Central Hamilton79130$543,768$573,231
Hamilton Mountain126173$745,741$731,133
Flamborough1721$1,564,824$1,386,698
Dundas2120$913,535$845,296
Ancaster3663$1,300,880$1,122,117
Waterdown3749$970,757$955,378
Stoney Creek76127$785,926$826,444
Glanbrook3941$916,197$911,716
Burlington209233$1,038,930$1,054,581
Dunnville1216$598,250$598,250
Cayuga77$868,571$868,571
Caledonia1322$742,394$742,394
Hagersville97$573,878$573,878
Seneca14$860,000$860,000
Rainham35$836,700$836,700
Grimsby3649$801,288$801,288
Smithville89$706,813$706,813
West Lincoln33$1,546,633$1,546,633

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.

...

Hamilton Area Statistics for July 2022

Here's What Happened This Month!

The July 2022 Real Estate Market has continued with the trend of correcting itself post pandemic. Average prices have continued to decrease since the peak in February of this year. July and August are typically slower months so it is not a surprise to see lower sales and a decrease in new listings coming on the market. There is also uncertainty about where the Market is headed, and with the increase in interest rates, affordabilty has decreased.

July 2022 had 1783 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 1032 of those (up from 918 in 2021) and Burlington’s share was 364, up from 303 in July last year. Overall New Listings decreased by 29.9% since last month and have increased 18.6% over July 2021.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 811 Properties are down 35.6% from last July 2021 and also down 18.5% over last month, June 2022. The overall average price for residential properties decreased by 7.1% from last month to $878,816, and is up 3.9% from July 2021. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 465, down 39.8% from 773 in July 2021, with an average price of $793,062 up 2.0% from the same month last year. Burlington had 182 Sales which is down 29.5% from 258 last year, with an average price of $1,142,997 which is up 10.3% from July 2021. The Average prices went down month over month in both Hamilton and Burlington.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced has continued to climb from last month and now sits at 914 Active Residential Listings giving Hamilton 1.2 months of inventory, which is up 0.4% April 2021. Burlington also went up from last month and now has 328 Active Residential Listings which gives it 1.2 months of inventory, also up 0.6% from the same time last year. Overall, the number of Active Listings Available at the end of the month is raising and now sits at 1.2 months, compared to 0.7 months in March 2022. The average days on the market is also showing a change, going up from 10.8 to 10.9 in Hamilton,however, it continued to go down in Burlington year over year from 12.2 to 9.6.

For the fourth month in a row, the Hamilton-Burlington Area is experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 50% (5 homes sold for every 10 listed) which has gone up month over month for the first time this year! So far this year, this has gone from 86.8% in January to 79% in February, to 69% in March, to 57% in April, 50.3% in May and 42% in June. Many Sellers are struggling with how much the prices have dropped so we are seeing lots of properties cancel their listing and come back on the market with an improved (lower) asking price. Unfortunatley, the market seems to be dropping faster than many sellers are adjusting to it, so this pattern could continue for awhile.

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

Sign up now to receive the Hamilton MarketWATCH Weekly Newsletter so you can stay up to date on the Local Real Estate Market.

See houses, condominiums and townhomes For Sale, in every price range, throughout Hamilton, Dundas, Ancaster, Stoney Creek and Glanbrook by email every Tuesday!

Send Me Listings!

If you are thinking about Buying in the next 6 months you need to know as soon as a listing hits the market. Get notified every day about every listing that matches your criteria.

Be one of the very first to have access to properties that match what you are looking for directly to your email as soon as they come on the market.

Setup My Search!

Find out what homes just like yours are selling for, in today's market. Get a Customized Report with up-to-the-minute statistics and actual selling prices of properties that have sold near you in the last 30 days.

Sign up to start receiving your monthly mailed report. Available for Hamilton, Dundas, Ancaster, Stoney Creek or Glanbrook.

Mail My Report!

Year To Date Average Prices for Hamilton

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!

Burlington – $1,296,577 – Down
Flambourgh – $1,638,723 – Down
Waterdown – $1,121,003 – Down
Grimsby – $1,023,031 – Down
Caledonia – $921,422 – Down
Cayuga – $887,424 – Down
Dunnville – $726,881 – Down


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!

MLS® Property Listings in July 2022

RAHB Market ActivityNumber Of Sales July 2022Number of Sales July 2021Average Sale Price July 2022Average Sale Price July 2021
West Hamilton3776$723,824$636,444
East Hamilton6698$653,119$587,625
Central Hamilton73107$596,425$562,006
Hamilton Mountain104186$753,980$744,630
Flamborough926$1,313,933$1,258,671
Dundas2932$960,155$989,386
Ancaster2555$1,106,336$1,095,962
Waterdown2529$1,042,000$1,047,217
Stoney Creek69123$865,566$826,791
Glanbrook2841$851,108$969,921
Burlington182258$1,142,997$1,036,126
Dunnville1820$638,335$694,991
Cayuga94$718,889$701,525
Caledonia921$786,510$779,808
Hagersville67$663,750$569,000
Seneca02$000,000$1,047,500
Rainham54$582,980$470,250
Grimsby3655$983,664$894,662
Smithville1113$738,500$767,515
West Lincoln22$632,500$1,097,000

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.

...

Interest Rates Up & Buyer Interest Down?

One year ago in my Jan-June 2021 Report, I said “We can feel a shift happening as the third wave of Covid-19 lessens its grip and the promise of Ontario entering Step 3 Economic Reopening is just days away. It will be interesting to see what effect this will have in the coming months on the Real Estate Market, especially since we are still seeing historic low-Interest Rates for Mortgages.” Looking back over this period we can see that the interest rates and the Real Estate inventory remained low while Buyer Interest and Average Prices continued to rise. That is, until early this year. This area started the year in a strong Sellers Market, with an 87% Sales to Listings Ratio. The Average Sales Price in the Greater Hamilton Area (including Burlington-Haldimand-Niagara North) peaked at $1,104,163 ($1,013,000 in Hamilton) in February. Both numbers have continued to fall since then, due in part to interest rates rising, and part to Buyer fatigue. Right now the overall Greater Hamilton area is sitting in a Balanced Market, on the verge of a Buyers Market, with a 42% Sales to Listings Ratio. The Average Sales Price in the Greater Hamilton Area is sitting at $865,339 ($863,000 in Hamilton). We have gone from most homes and condos selling very quickly with Multiple Offers, to more and more properties sitting longer on the market, not getting any offers and having to do price improvements to attract the Buyers.

When comparing the first 6 months of this year to the first six months of 2021 we see that although the number of Listings remained fairly equal (Freehold listings in 2021 were 9713 compared to 9886 in the first half of this year and Condo Listings decreased a bit from 2419 in 2021 to 2387 so far this year) the Sales dropped significantly. In the first 6 months of 2021, there were 7317 total Freehold sales compared to only 5374 in the first six months of 2022. For the same period, Condo sales went down from 1898 to 1458. As for prices, we are still seeing much higher than last year at this time even though they are dropping month to month. Year over year for the first six months the Average Freehold Price increased from $885,236 in 2021 to $1,074,315 in 2021. Days on the market only dropped from an average of 12 to 11. The Average Condominium Price increased from $581,700 to $718,266. Average Days on the market dropped from 16 to 12. Opposite to this time last year, we are sitting in a Balanced Market, very close to a Buyers Market. This time last year we were at 87.4% Sellers Market and right now we are at a 42% Balanced Market. We use a formula of Total Sales divided by Total Listings to determine whether we are experiencing a Buyers Market, a Balanced Market, or a Sellers Market. (See definitions in the chart below).

**See below for Average Price charts and maps for districts and neighbourhoods throughout Hamilton !**

June 2022 Statistics

As discussed, inventory is a huge factor when looking at the house price statistics. June 2022 had 2543 Total Residential Property Listings come through the Hamilton Real Estate Board, which is down 3.3% month over month, however, it is up 27.1% compared to June 2021 as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 1509 of those (up from 1198 in June 2021) and Burlington’s share was 519, up from 425 in June 2022. The bottom line is that we are seeing high inventory and low sales (fewer buyers looking). This can be a great opportunity for Buyers that have been looking for a while and were continually being beaten out on multiple offers.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 995 Properties are down 37.8% from June 2021, and also down 19.2% over last month, May 2021. The overall average price for residential properties decreased by 5% from last month to $946,026, and up by 9% from June 2021. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 626, which is a 35.2% decrease from 966 in June 2021, with an average price of $863,016 up 9.6% from the same month last year. Burlington had 198 Sales which is down 39.1% from 325 last year, with an average price of $1,250,673 which is up 9.9% from June 2021. The end-of-month inventory shows 1485 Active Residential Listings giving Hamilton 2.4 months of inventory, up 1.6% from June 2021. Burlington has 467 Active Residential Listings which also gives it 2.4 months worth of inventory, which is down 1.7% from June 2021. Overall, the number of Active Listings Available at the end of the month shows 2.6 months of inventory compared to 1.7 months in May. The average days on the market have risen from a few days from last month and up from last year to 17.7 from 13.6 in Hamilton. It is also taking longer to sell a home in Burlington where the days on market went from 13.7 last year to 16.2 this year, up slightly from last month. For the third month in a row, the Hamilton-Burlington Area is experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 42% (4.2 homes sold for every 10 listed). So far this year, this has gone from 86.8% in January to 79% in February, to 69% in March, to 57% in April and 50.3% in May. Sellers may want to get ahead of this trend and price accordingly when we are this close to experiencing a Buyers Market.

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

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Hamilton’s Average Year to Date Prices

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!

Burlington – $1316,127 – Down
Flambourgh – $1,597,396 – Down
Waterdown – $1,135,939 – Down
Grimsby – $1,045,124 – Down
Caledonia – $927,556 – Down
Cayuga – $930,762 – Down
Dunnville – $738,028 – Down


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!

MLS® Property Listings in June 2022

RAHB Market ActivityNumber Of Sales June 2022Number of Sales June 2021Average Sale Price June 2022Average Sale Price June 2021
West Hamilton4377$716,372$678,556
East Hamilton76115$655,425$642,419
Central Hamilton86137$631,785$556,908
Hamilton Mountain145222$775,744$728,098
Flamborough2331$1,400,474$1,203,832
Dundas3237$1,088,727$910,386
Ancaster5276$1,399,799$1,219,829
Waterdown3164$984,932$941,248
Stoney Creek101147$878,993$813,432
Glanbrook3760$909,849$890,038
Burlington198325$1,250,673$1,137,839
Dunnville1425$750,850$637,906
Cayuga53$893,155$601,000
Caledonia1518$811,133$765,759
Hagersville012$0$661,158
Seneca20$1,682,000$000,000
Rainham55$564,200$455,000
Grimsby3868$806,339$910,214
Smithville1313$790,844$680,646
West Lincoln26$800,625$1,305,833

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.

10 Years Ago vs. Now in 2022


West Hamilton

District 10, 11, 12

10 years ago in 2012, the average price was $289,425.

So far this year it is $803,480 and selling for 111% of asking price.

DistrictNeighbourhoodsHomes ListedHomes SoldAverage Price
10Bayfront, Strathcona, Central16185$681,358
11Westdale, Ainslie Wood19295$861,080
12Durand, Kirkendall209127$842,128


Central Hamilton

District 13, 14, 15, 20, 21, 22

10 years ago in 2012, the average price was $151,087.

So far this year it is $695,621 and selling for 118% of asking price.

DistrictNeighbourhoodsHomes ListedHomes SoldAverage Price
13North End9246$683,823
14Beasley, Landsdale236140$633,817
20Corktown, Stinson, Crown Point, Gibson, Stipley322198$686,472
21Central Mall Area10259$574,346
22St. Clair, Blakeley, Delta16799$879,075


East Hamilton

District 23, 24, 27, 28, 29

10 years ago in 2012, the average price was $199,088.

So far this year it is $761,133 and selling for 117% of asking price.

DistrictNeighbourhoodsHomes ListedHomes SoldAverage Price
23Homeside, Normanhurst, McQuesten, Parkview256164$666,907
24Rosedale, Bartonville, Glenview14692$776,986
27Riverdale, Kentley10555$775,229
28Greenford, Vincent, Gershome231130$830,023
29Hamilton Beach2914$1,065,677


Hamilton Mountain

District 15, 16, 17, 18, 25, 26

10 years ago in 2012, the average price was $266,203.

So far this year it is $902,814 and selling for 116% of asking price.

DistrictNeighbourhoodsHomes ListedHomes SoldAverage Price
15Mountview, Westcliffe, Buchanan, Southam, Bonnington, Mohawk180114$979,688
16Fessenden, Gilbert, Rolston, Yoeville, Gurnett, Gilkson, Gourley, Kerninghan, Falkirk East, Falkirk West, Kennedy344204$897,883
17Centremount, Inch Park, Eastmount, Raleigh, Balfour, Hill Park, Burkhome, Macassa308177$793,516
18Greeningdon, Bruleville, Thorner, Lawfield, Jerome, Crerar, Barnstown, Rushdale, Butler, Randall, Eleanor, Allison, Ryckmans Corners298172$991,868
25Sunninghill, Sherwood, Hampton Heights, Hurtington12179$877,791
26Berrisfield, Lisgar, Trenholme, Quinndale, Templemead, Broughton14692$883,767

Other Areas Around Hamilton

Ancaster

District 42

10 years ago in 2012, the average price was $453,485.

So far this year it is $1,371,476 and selling for 111% of asking price.

Stoney Creek

District 50, 51, 52

10 years ago in 2012, the average price was $313,713.

So far this year it is $1,004,217 and selling for 111% of asking price.

Glanbrook

District 53

10 years ago in 2012, the average price was $341,968.

So far this year it is $1,074,892 and selling for 114% of asking price.

Waterdown

District 46

10 years ago in 2012, the average price was $389,963.

So far this year it is $1,135,939 and selling for 109% of asking price.

Dundas

District 41

10 years ago in 2012, the average price was $361,983.

So far this year it is $1,105,460 and selling for 113% of asking price.

Burlington

District 30, 31, 32, 33, 34, 35, 36, 38

10 years ago in 2012, the average price was $453,588.

So far this year it is $1,316,127 and selling for 110% of asking price.

Grimsby

District 54, 55

10 years ago in 2012, the average price was $344,633.

So far this year it is $1,045,124 and selling for 107% of asking price.

Flamborough

District 40, 43, 44, 45

10 years ago in 2012, the average price was $480,274.

So far this year it is $1,597,396 and selling for 109% of asking price.

...

Hamilton Area Statistics for May 2022

Here's What Happened This Month!

The May 2022 Real Estate Market is continuing to shift. Interest rates rose again and increased inventory seems to be leading the way for decreased prices. There were only 2 of the 10 areas tracked where the Average Price went up year to date and they were West Hamilton and Ancaster, and only slightly. This is a confusing time for Buyers and Sellers so please make sure you are getting insightful timely advice from your LOCAL REALTOR®. Ask your REALTOR® for a chart of very recent sales comparing the List Price to the Selling Price AND find out how many days the property has been on the market! An experienced REALTOR® will give you great insight on how best to move forward.

May 2022 had 2631 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 1617 of those (up from 1438 in 2021) and Burlington’s share was 540, up from 437 in May last year. Overall New Listings increased by 7.3% since last month and were also up 16% over May 2021.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 1232 Properties are down 31.9% from May 2021 and also down 5.1% over last month, April 2022. The overall average price for residential properties decreased by 1.7% from last month to $995,408, and is up 17.6% from May 2021. Hamilton’s Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 732, down 35.3% from 1132 in May 2021, with an average price of $901,535 up 13.5% from the same month last year. Burlington had 291 Sales which is down 23.0% from 378 last year, with an average price of $1,231,174 which is up 23.3% from May 2021. The Average prices went down month over month in both Hamilton and Burlington.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced has continued to climb from last month and now sits at 1259 Active Residential Listings giving Hamilton 1.7 months of inventory, which is up 43.7% from May 2021. Burlington also went up from last month and now has 376 Active Residential Listings which gives it 1.3 months of inventory, also up 69.4% from the same time last year. Overall, the number of Active Listings Available at the end of the month is raising and now sits at 1.7 months, compared to 1.2 months in April 2022. The average days on the market is also showing a change, going up from 12.5 to 14.4 in Hamilton and also up in Burlington year over year from 10.8 to 13.5.

For the second month in a row, the Hamilton-Burlington Area is experiencing a Balanced Market, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at 50.3%. In other words, only 5 homes are sold for every 10 new listings. Take note: so far this year this has gone from 86.8% in January to 79% in February, to 69% in March and to 57% in April.

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

(Ratio of homes sold to homes listed)

Sign up now to receive the Hamilton MarketWATCH Weekly Newsletter so you can stay up to date on the Local Real Estate Market.

See houses, condominiums and townhomes For Sale, in every price range, throughout Hamilton, Dundas, Ancaster, Stoney Creek and Glanbrook by email every Tuesday!

Send Me Listings!

If you are thinking about Buying in the next 6 months you need to know as soon as a listing hits the market. Get notified every day about every listing that matches your criteria.

Be one of the very first to have access to properties that match what you are looking for directly to your email as soon as they come on the market.

Setup My Search!

Find out what homes just like yours are selling for, in today's market. Get a Customized Report with up-to-the-minute statistics and actual selling prices of properties that have sold near you in the last 30 days.

Sign up to start receiving your monthly mailed report. Available for Hamilton, Dundas, Ancaster, Stoney Creek or Glanbrook.

Mail My Report!

Year To Date Average Prices for Hamilton

The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map are to the right:

When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. 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!

Burlington – $1,332,712 – Down
Flambourgh – $1,625,867 – Up
Waterdown – $1,166,508 – Down
Grimsby – $1,084,570 – Up
Caledonia – $950,337 – Down
Cayuga – $937,030 – Down
Dunnville – $742,660 – Down


Take note that “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 by the same percentage. 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!

In this Market, it is important that you know about the houses getting listed Immediately! Click Here to get set up on the Instant Listings Notification Search, otherwise, 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 too late, and is probably already SOLD!

MLS® Property Listings in May 2022

RAHB Market ActivityNumber Of Sales May 2022Number of Sales May 2021Average Sale Price May 2022Average Sale Price May 2021
West Hamilton44106$817,582$686,882
East Hamilton91111$684,407$620,627
Central Hamilton97172$668,579$568,243
Hamilton Mountain184249$862,968$739,318
Flamborough2442$1,522,099$1,161,136
Dundas3257$1,050,327$971,125
Ancaster4879$1,376,915$1,188,911
Waterdown4259$1,053,474$972,124
Stoney Creek135187$927,001$835,473
Glanbrook3570$925,143$918,208
Burlington291378$1,231,174$998,620
Dunnville1829$659,698$631,903
Cayuga1010$778,500$727,500
Caledonia2624$939,938$751,486
Hagersville1116$887,355$678,875
Seneca24$2,105,500$1,122,625
Rainham23$1,003,000$638,333
Grimsby4060$1,138,666$841,502
Smithville1111$906,900$786,455
West Lincoln64$1,630,817$862,018

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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