October 2023 Hamilton Real Estate

Here's What Happened This Month!

October 2023 Sales are down 15.2% since a year ago. For the second month in a row, New Listings are up. The Supply levels reached a high for the month of October not seen in nearly a decade. New Listings are up 23.5% year over year. Average prices have decreased slightly by .6% from October 2022. Lower than normal Sales plus higher-than-normal Listings have caused the sales-to-new-listings ratio to remain extremely low at 34%. The current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) are at their highest since 2022, with nearly 5 months of supply currently available. This is up 23.4% from October 2022. Overall, this is good news for Buyers hoping to get into the Real Estate Market, giving them more choice and flexibility in their homebuying decisions.

New Listings have risen across all property types and price ranges, with the largest inventory gains in the higher price points of the market' as reported by Nicolas von Bredow, President of RAHB. October 2023 had 1,937 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB), down .6% over last month. Hamilton had 1,244 of those, up 29% from 2022, and Burlington's share was 397, up 28% from October last year.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by The REALTORS ® Association of Hamilton-Burlington) of 654 Properties are down 15.2% from October 2022, and have increased slightly by 2% over last month, September 2023. The overall average price for residential properties increased from last month ($837,698) to $834,915, which is down .6% from last year at this time. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 408 down 12.4% from October 2022, with an average price of $789,040 up only .1% from the same month last year, and it has risen slightly from last month which was $776,819. Burlington had 137 Sales which is down 19.9% from last year, with an average price of $1,159,114 which is up 6% from October 2022, and has increased from last month's average of $ 1,058,151.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced now sits at 1,868 Active Residential Listings giving Hamilton 4.6 months of supply, which is up 28.1% over October 2022, and has remained the same from last month. Burlington is higher than last month and now has 397 Active Residential Listings which gives it 3.9 months of supply, up 28.1% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 3,015 properties for sale, which is 4.6 months supply, compared to 2,444 and 3.2 months of supply in October 2022, and up month over month from 2,856 and 4.4 months of supply in September 2023. The average days on the market is a little less than last year, and a little more than last month to sell a home. It went from 28 to 25 days in Hamilton year over year, and in Burlington from 28 to 24 days.

The Hamilton-Burlington Area is now experiencing a Buyers Market Status, where the ratio of Homes Sold to Homes Listed falls below 40%, currently sitting at the 34% (3.4 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)

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 - $1,103,678 - Up

Flamborough - $1,125,780 - Up

Waterdown - $1,007,336 - Down

Grimsby - $870,124 - Down

Caledonia - $768,211 - Down

Cayuga - $807,650 - Up

Dunnville - $618,808 - 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 October 2023

RAHB Market Activity	Number of Sales October 2023	Number of Sales October 2022	Average Sale Price in October 2023	Average Sale Price October 2022
West Hamilton	38	31	$856,399	$758,815
East Hamilton	42	67	$564,051	$590,528
Central Hamilton	55	55	$546,464	$536,432
Hamilton Mountain	97	111	$700,168	$723,764
Flamborough	16	28	$1,334,659	$1,208,326
Dundas	17	13	$892,882	$942,538
Ancaster	36	40	$1,159,797	$1,088,550
Waterdown	19	26	$904,074	$1,085,142
Stoney Creek	71	61	$793,059	$829,139
Glanbrook	16	23	$962,013	$789,535
Burlington	137	168	$1,159,114	$980,000
Dunnville	16	17	$588,088	$537,406
Cayuga	2	5	$1,010,000	$790,500
Caledonia	11	12	$714,173	$785,324
Hagersville	4	5	$535,750	$604,000
Seneca	2	4	$725,000	$1,033,750
Rainham	1	1	$400,000	$390,000
Grimsby	26	38	$758,058	$870,987
West Lincoln	15	13	$764,927	$934,654

...

Here's What Happened This Month!

September 2023 Sales are down 17.9% since a year ago, which is the slowest level of activity seen for this month since 2010. New Listings are up since last year for this month, by 16.6%. Average prices have decreased slightly by 1.5% from September 2022. Lower than normal Sales plus higher-than-normal Listings have caused the sales-to-new-listings ratio to drop to 30%. The current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) market area went up 19%, 12% higher than last September. Inventory levels rose across all property types and price ranges, which, coupled with the lower sales, has led to the months of supply going up to 4.5. This is up 2 months from August and up 36.4% over last year!

September 2023 had 2,050 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS® Association of Hamilton-Burlington (RAHB). Hamilton had 1,292 of those (up 22% from 2022) and Burlington's share was 393, down 4% from September last year. Overall, new listings have increased 30% since last month and have increased 17% over September 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 635 Properties are down 15% from September 2022 and have decreased 23% over last month, August 2023. The overall average price for residential properties decreased from last month ($855,091) to $837,698, which is down 2% from last year at this time. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek, and Glanbrook) were 373 down 17.1% from September 2022, with an average price of $776,819 up only .7% from the same month last year, however, it has continued to fall from last month which was $798,786. Burlington had 135 Sales which is down 27.4% from last year, with an average price of $1,058,151 which is up .5% from September 2022, but has decreased from last month's average of $1,065,651.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced now sits at 1,717 Active Residential Listings giving Hamilton 4.6 months of supply, which is substantially up 37.9% over September 2022, and up from last month, when it was 2.9. Burlington is also higher than last month and now has 472 Active Residential Listings which gives it 3.5 months of supply, up 32.7% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 2,812 properties for sale, which is 4.5 months supply, compared to 2,510 and 3.3 months of supply in September 2022, and way up month over month from 2310 and 2.8 months of supply in August 2023. The average days on the market is a little less than last year, however, a little higher than last month to sell a home. It went from 27 to 25 days in Hamilton year over year, and in Burlington from 23 to 22 days.

The Hamilton-Burlington Area is now experiencing a Buyers Market Status, where the ratio of Homes Sold to Homes Listed falls below 40%, currently sitting at 30% (3 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)

Year-To-Date Average Prices for Hamilton

Burlington - $1,099,327 - Down

Flamborough - $1,110,812 - Down

Waterdown - $1,110,925 - Up

Grimsby - $874,147 - Up

Caledonia - $770,727 - Down

Cayuga - $799,219 - Up

Dunnville - $621,419 - Down

MLS® Property Listings September 2023

RAHB Market Activity	Number of Sales Sept 2023	Number of Sales Sept 2022	Average Sale Price in Sept 2023	Average Sale Price Sept 2022
West Hamilton	26	28	$730,162	$641,314
East Hamilton	44	54	$608,693	$631,867
Central Hamilton	55	66	$560,541	$563,412
Hamilton Mountain	90	98	$752,639	$758,506
Flamborough	13	12	$890,385	$1,349,892
Dundas	17	11	$1,087,316	$982,364
Ancaster	26	31	$1,079,781	$1,047,548
Waterdown	21	22	$1,052,143	$1,058,423
Stoney Creek	59	72	$774,690	$818,821
Glanbrook	22	31	$885,641	$880,455
Burlington	135	178	$1,058,151	$967,500
Dunnville	10	15	$561,070	$587,067
Cayuga	4	4	$994,750	$962,500
Caledonia	11	15	$671,091	$715,147
Hagersville	7	3	$742,799	$578,333
Seneca	8	0	$970,125	$000,000
Rainham	2	1	$266,000	$1,400,000
Grimsby	29	40	$916,776	$836,407
West Lincoln	8	8	$850,300	$780,625

...

Here's What Happened This Month!

August 2023 Sales are down 8.9% since a year ago. New Listings are also down since last year at this time, by 3.4%. Average prices have increased slightly by 2.1% from where they were a year ago in August. The current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) market area continue to be lower than reported last year, down 3.2%. Sales have improved in the lower price ranges, however, homes priced above $800,000 are still seeing declines. Higher lending rates continue to impact sales. There was no rate increase this month, which may help stabilize the market some. These conditions have led to a more balanced real estate market at this time.

August 2023 had 1565 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 (down 14% from 2022) and Burlington's share was 319, down 3% from August last year. Overall New Listings have decreased by 13% since last month and have decreased by 3% over August 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 821 Properties are down 6% from August 2022 and have decreased 3% over last month, July 2023. The overall average price for residential properties decreased from last month ($907,343) to $855,091, which is still up 2% from last year at this time. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek, and Glanbrook) were 480 down 8.6% from August 2022, with an average price of $798,786 up 2.3% from the same month last year, however down from last month which was $847,087. Burlington had 180 Sales which is down 12% from last year, with an average price of $1,062,659 which is up 3% from August 2022, but has decreased from last month's average of $1,153,776.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced, now sits at 1381 Active Residential Listings giving Hamilton 3 months of supply, which is up 6.8% over August 2022, however, dropped from last month. Burlington is slightly higher than last month and now has 361 Active Residential Listings which gives it just over 2 months of supply, down 4.7% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 2297 properties for sale, which is 2.9 months supply, compared to 2373 and 2.7 months of supply in August 2022, up very slightly month over month from 2287 and 2.8 months of supply in July 2023. The average days on the market is a little less than last year, however, a little higher than last month to sell a home. It went from 26 to 24 days in Hamilton year over year, and in Burlington from 25 to 23 days.

The Hamilton-Burlington Area is continuing to sit in a Balanced Market Status, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at the 51% (5.1 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)

Year-To-Date Average Prices for Hamilton

Burlington - $1,102,885 - Down

Flamborough - $1,133,528 - Up

Waterdown - $1,009,805 - Down

Grimsby - $870,625 - Down

Caledonia - $776,0870 - Up

Cayuga - $781,443 - Up

Dunnville - $626,134 - Up

MLS® Property Listings August 2023

RAHB Market Activity	Number of Sales August 2023	Number of Sales August 2022	Average Sale Price in August 2023	Average Sale Price August 2022
West Hamilton	34	31	$672,411	$608,506
East Hamilton	46	75	$687,320	$612,439
Central Hamilton	64	79	$514,653	$543,768
Hamilton Mountain	114	126	$770,467	$745,741
Flamborough	16	17	$1,292,681	$1,564,824
Dundas	25	21	$873,228	$913,535
Ancaster	32	36	$1,161,747	$1,300,880
Waterdown	33	37	$976,100	$970,757
Stoney Creek	80	76	$824,864	$785,926
Glanbrook	36	39	$841,044	$916,197
Burlington	180	209	$1,065,651	$1,038,930
Dunnville	13	12	$670,000	$598,250
Cayuga	4	7	$916,725	$868,571
Caledonia	14	13	$768,299	$742,878
Hagersville	3	9	$443,333	$573,878
Seneca	1	1	$1,580,000	$860,000
Rainham	2	3	$642,500	$836,700
Grimsby	38	36	$816,192	$801,288
West Lincoln	18	3	$865,633	$1,546,633

...

Here's What Happened This Month!

July 2023 Sales are up 6% since a year ago. New Listings are also up since last year at this time, by 4%. Average prices have increased 5% from where they were a year ago in July. The current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) market area continue to be lower than reported last year, down 10%. The number of new listings increased relative to sales, causing inventory levels to trend up over the last month and levels reported earlier this year in most areas of Hamilton-Burlington. Sales have no doubtedly dropped in most part due to the 10 Interest Rate Hikes since March 2022. These conditions have led to a more balanced real estate market at this time.

July 2023 had 1798 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB). Hamilton had 1119 of those (down 9% from 2022) and Burlington's share was 328, down 11% from July last year. Overall New Listings have decreased by 8% since last month and have increased 4% over July 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 836 Properties are up 6% from July 2022, however have decreased 26% over last month, June 2023. The overall average price for residential properties decreased slightly from last month ($911,783) to $907,343, which is still up 4% from last year at this time. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 470 up 0.9% from July 2022, with an average price of $847,087 up 5.5% from the same month last year, and up since last month which was $831,540. Burlington had 198 Sales which is up 5.9% from last year, with an average price of $1,153,043 which is up 2.6% from July 2022, but has decreased slightly over last month's average of $1,156,527.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced now sits at 1403 Active Residential Listings giving Hamilton 3 months of supply, which is up 9% over July 2022, and up from last month. Burlington is also slightly higher than last month and now has 345 Active Residential Listings which gives it just under 2 month of supply, down 31.3% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 2287 properties for sale, which is 2.8 months supply, compared to 2552 and 3.22 months of supply in July 2022, up month over month from 2033 and 1.8 months of supply in June 2023. The average days on the market is a little less than last year, however, a little higher than last month to sell a home. It went from 21 to 20 days in Hamilton year over year, and in Burlington from 24 to 19 days.

The Hamilton-Burlington Area is now sitting in a Balanced Market Status, dropping from a Sellers Market last month, where the ratio of Homes Sold to Homes Listed is between 40% and 60%, currently sitting at the 45% (4.5 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, 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)

Year-To-Date Average Prices for Hamilton

Burlington - $1,106,772 - Up

Flamborough - $1,121,425 - Up

Waterdown - $1,014,690 - Up

Grimsby - $874,248 - Down

Caledonia - $774,346 - Up

Cayuga - $767,915 - Up

Dunnville - $614,212 - Up

MLS® Property Listings July 2023

RAHB Market Activity	Number of Sales July 2023	Number of Sales July 2022	Average Sale Price in July 2023	Average Sale Price July 2022
West Hamilton	31	37	$717,802	$723,824
East Hamilton	50	66	$693,162	$653,119
Central Hamilton	58	73	$563,438	$596,425
Hamilton Mountain	121	104	$760,911	$753,980
Flamborough	20	9	$1,388,245	$1,313,933
Dundas	15	29	$1,011,933	$960,155
Ancaster	36	25	$1,281,917	$1,106,336
Waterdown	34	25	$1,056,162	$1,042,000
Stoney Creek	74	69	$882,575	$865,566
Glanbrook	31	28	$843,819	$851,108
Burlington	198	182	$1,153,600	$1,142,997
Dunnville	20	18	$713,355	$638,335
Cayuga	3	9	$797,500	$718,889
Caledonia	22	9	$812,954	$786,510
Hagersville	7	6	$702,500	$663,750
Seneca	3	0	$1,611,667	$000,000
Rainham	4	5	$516,500	$582,980
Grimsby	33	36	$804,248	$983,664
West Lincoln	27	2	$734,289	$632,500

...

Low Inventory Levels & Higher Interest Rates

Last year at this time, we were still seeing historic low-Interest Rates for Mortgages. That has changed significantly since then. We have had 9 Interest Rate Hikes since January 2022 when the Bank of Canada Rate was .25%. With the most recent increase, in June 2023, we are sitting at 4.75%. The next scheduled announcement is in July 2023. Many are speculating that it will be going up to 5%. This was in response to a high inflation rate (a 30-year high in June 2022) of 8.1%. The Inflation Rate has dropped to 3.4% as of May 2023. Variable Rate Mortgages have gone from a low of .85% in early 2022 to 6% right now, which has made it very difficult for Buyers who purchased early last year. Fixed rates have not impacted as much and with lower prices, mortgage payments are staying relatively the same. Here is an example. The average price in Hamilton in June 2022 was $952,499. With a 20% down payment and a 5-year fixed mortgage at 3.59%, your monthly mortgage payment would be approx $3841. The average price year-to-date now is $831,540. With a 20% down payment and a 5-year fixed mortgage of 4.94% the monthly payments would be $3846. So, even though the price is about $120,000 lower, the mortgage payments are almost identical.

In 2022 we started the year in a strong Seller's 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 2022. Both numbers have continued to fall since then, due to interest rates rising. Right now, the overall Greater Hamilton area has gone from a Balanced Market at this time last year, back up to a Sellers Market with a 64% Sales to Listings Ratio. 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 Seller's Market. (See definitions in the chart below). The Average Sales Price in the Greater Hamilton Area is sitting at $912,815 ($831,540 in Hamilton). "Low inventory has been a challenge throughout the past several months" as reported by Nicolas von Bredow, RAHB president. So far this year there have been 9,449 New Listings (including Burlington and all the outlying areas covered by RAHB - The REALTORS ® Association of Hamilton-Burlington) compared to 12,390 for the same time last year. Sales have also decreased for the same time period from 6,891 in 2022 to 5,944 so far this year. The overall average price is $912,815 so far compared to $1,027,694 last year. Days on the market (the time it takes to sell a property on average) have gone up from 10 to 25.

**See below for Average Price chart and maps for districts and Neighbourhoods throughout Hamilton!**

Hamilton's average Year to Date PriceS

The map below shows the current Year-To-Date Average Residential Prices and those areas not shown on the map are in the chart. 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 Real Estate Market Evaluation and/or a Mortgage Pre-Approval done even a month ago MUST be Updated before going ahead with your plans.

Burlington - $1,098,341 - Up

Flamborough - $1,086,131 - Up

Waterdown - $1,007,845 - Down

Grimsby - $887,182 - Up

Caledonia - $755,709 - Up

Cayuga - $765,516 - Up

Dunnville - $593,118 - Up

10-Year Comparison For Districts & Neighbourhoods

(10 Years Ago vs. Now in 2023)

West Hamilton

District 10, 11, 12

10 years ago in 2013, the average price was $308,821.

So far this year it is $701,798 and down 12.6% from last year.

District	Neighbourhoods	Homes Listed	Homes Sold	Average Price
10	Bayfront, Strathcona, Central	184	94	$592,552
11	Westdale, Ainslie Wood	161	108	$730,700
12	Durand, Kirkendall	218	133	$753,433

Central Hamilton

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

10 years ago in 2013, the average price was $167,097.

So far this year it is $581,556 and down 16.1% from last year.

District	Neighbourhoods	Homes Listed	Homes Sold	Average Price
13	North End	95	51	$595,531
14	Beasley, Landsdale	272	136	$550,341
20	Corktown, Stinson, Crown Point, Gibson, Stipley	267	158	$564,195
21	Central Mall Area	69	32	$480,648
22	St. Clair, Blakeley, Delta	118	80	$700,575

East Hamilton

District 23, 24, 27, 28, 29

10 years ago in 2013, the average price was $234,069.

So far this year it is $637,238 and down 15.8% from last year.

District	Neighbourhoods	Homes Listed	Homes Sold	Average Price
23	Homeside, Normanhurst, McQuesten, Parkview	177	126	$560,769
24	Rosedale, Bartonville, Glenview	105	74	$671,891
27	Riverdale, Kentley	52	33	$715,809
28	Greenford, Vincent, Gershome	193	122	$650,028
29	Hamilton Beach	32	14	$832,050

Hamilton Mountain

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

10 years ago in 2013, the average price was $279,617.

So far this year it is $763,867 and down 15.3% from last year.

District	Neighbourhoods	Homes Listed	Homes Sold	Average Price
15	Mountview, Westcliffe, Buchanan, Southam, Bonnington, Mohawk	180	114	$979,688
16	Fessenden, Gilbert, Rolston, Yoeville, Gurnett, Gilkson, Gourley, Kerninghan, Falkirk East, Falkirk West, Kennedy	344	204	$897,883
17	Centremount, Inch Park, Eastmount, Raleigh, Balfour, Hill Park, Burkhome, Macassa	308	177	$793,516
18	Greeningdon, Bruleville, Thorner, Lawfield, Jerome, Crerar, Barnstown, Rushdale, Butler, Randall, Eleanor, Allison, Ryckmans Corners	298	172	$991,868
25	Sunninghill, Sherwood, Hampton Heights, Hurtington	121	79	$877,791
26	Berrisfield, Lisgar, Trenholme, Quinndale, Templemead, Broughton	146	92	$883,767

Other Areas Around Hamilton

Ancaster

District 42

10 years ago in 2013, the average price was $383,407.

So far this year it is $1,160,628 and down 13.7% from last year.

Stoney Creek

District 50, 51, 52

10 years ago in 2013, the average price was $336,741.

So far this year it is $836,961 and down 17.0% from last year.

Glanbrook

District 53

10 years ago in 2013, the average price was $335,163.

So far this year it is $880,838 and down 17.9% from last year.

Waterdown

District 46

10 years ago in 2013, the average price was $443,033.

So far this year it is $1,007,845 and down 12.9% from last year.

Dundas

District 41

10 years ago in 2013, the average price was $361,983.

So far this year it is $909,197 and down 17.8% from last year.

Burlington

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

10 years ago in 2013, the average price was $495,857.

So far this year it is $1,098,341 and down 15.2% from last year.

Grimsby

District 54, 55

10 years ago in 2013, the average price was $350,128.

So far this year it is $887,182 and down 13.6% from last year.

Flamborough

District 40, 43, 44, 45

10 years ago in 2013, the average price was $547,493.

So far this year it is $1,086,131 and down 30.2% from last year.

June 2023 Statistics!

As discussed, inventory and interest rates are a huge factor when looking at house price statistics. June 2023 had 1954 Total Residential Property Listings come through the Hamilton Real Estate Board, which is done 5% month over month, and also down 21% compared to June 2022 as reported by the REALTORS® Association of Hamilton-Burlington (RAHB). Hamilton had 1174 of those (down from 1505 in June 2022) and Burlington's share was 431, down from 516 in June 2022. The lower-than-normal inventory levels have continued to push home prices upwards in most areas of Hamilton-Burlington.

Residential Sales located throughout the RAHB market area (including Burlington and all the outlying areas covered by the REALTOR® Association of Hamilton-Burlington of 1115 Properties are up 19.4% from June 2022, however, dropped 13% over last month, May 2023. The overall average price for residential properties increased from last month ($884,083) to $912,815, which is down only 2.2% from last year at this time. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 669, down 6.2% from June 2022, with an average price of $831,540 down 3.3% from the same month last year, however, done up since last month which was $814,082. Burlington had 273 Sales which is up 47.6% from last year, with an average price of $1,156,527 which is down 8.8% from June 2022, however, increased over last month's average of $1,127,635.

The end-of-month listing inventory, which is a good indication of the type of market currently being experienced, now sits at 1200 Active Residential Listings giving Hamilton 1.8 months of supply, which is up 28.1% over June 2022, and up from last month. Burlington is also slightly higher than last month and now has 335 Active Residential Listings which gives it just under 1.23 months of supply, down 30.9% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 2033 properties for sale, which is 1.8 months supply, compared to 2578 and 2.76 months of supply in June 2022, up month over month from 1860 and 1.5 months of supply in May 2023. The average days on the market also show more than last year, however exactly the same as last month to sell a home. It went from 16 to 19 days in Hamilton year over year, and in Burlington from 14 to 16 days.

The Hamilton-Burlington area has maintain its Seller Market Status from last month, where the ratio of Homes Sold to Homes Listed is over 60%, currently sitting at the 64% (6.4 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)

MLS® Property Listings June 2023

RAHB Market Activity	Number of Sales June 2023	Number of Sales June 2022	Average Sale Price in June 2023	Average Sale Price June 2022
West Hamilton	62	43	$724,599	$716,372
East Hamilton	79	76	$624,468	$655,425
Central Hamilton	68	86	$607,583	$631,785
Hamilton Mountain	134	145	$768,660	$775,744
Flamborough	34	23	$1,233,968	$1,400,474
Dundas	29	32	$968,767	$1,088,727
Ancaster	43	52	$1,169,788	$1,399,799
Waterdown	41	31	$1,008,598	$984,932
Stoney Creek	113	101	$864,395	$878,993
Glanbrook	46	37	$906,867	$909,849
Burlington	273	198	$1,156,527	$1,250,673
Dunnville	28	14	$638,375	$750,850
Cayuga	6	5	$1,193,500	$893,155
Caledonia	25	15	$808,259	$811,133
Hagersville	5	0	$743,100	$000,000
Seneca	3	2	$975,657	$1,682,000
Rainham	7	5	$680,757	$564,200
Grimsby	55	38	$986,408	$806,339
West Lincoln	40	2	$829,333	$800,625

...

Here's What Happened This Month!

May 2023 Sales are up 2.7% since a year ago. New listings are still lower than last year at this time, by 21.1%. Average prices continued to decrease since the peak in February of 2022, dropping 10.4% from where they were a year ago in May. The current inventory levels throughout the REALTOR® Association of Hamilton-Burlington (RAHB) market area are now lower than reported last year. The lower than normal inventory levels have pushed homes upwards again in most area of Hamilton-Burlington. May 2023 had 2031 total Residential Listings come through the Hamilton Real Estate Board as reported by The Realtors ® Association of Hamilton-Burlington (RAHB). Hamilton had 1234 of those (down 24.8% from 2022) and Burlington's share was 429, down 20.7% from May last year. Overall New Listings have increased by 32% since last month and have decreased 21.1% over May 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 1254 Properties are up 2.7% from May 2022, and are also up 12% over last month, April 2023. The overall average price for residential properties decreased slightly from last month ($888,773) to $884,083, which is down 10.4% from last year at this time. Hamilton's Residential Sales (including Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 750 down 0.8% from May 2022, with an average price of $814,082 down 9.1% from the same month last year, however, done up since last month which was $806,809. Burlington had 314 Sales which is up 6.4% from last year, with an average price of $1,127,635 which is down 7.9% from May 2022, and has decreased slightly over last month's average of $1,144,424.

The end-of-month listing inventory which is a good indication of the type of market currently being experienced now sits at 1114 Active Residential Listings giving Hamilton 1.5 months of supply, which is up 16.1% over May 2022, and up from last month. Burlington is also slightly higher than last month and now has 291, Active Residential Listings which gives it just under 1 month of supply down 25.4% from the same time last year. Overall, the number of Active Listings Available at the end of the month now sits at 1830 properties for sale, which is 1.47 months supply, compared to 2103 and 1.72 months of supply in May 2022, up month over month from 1710 and 1.6 months supply in April 2023. The average days on the market also shows more than last year, however overall taking less time than last month to sell a home. It went from 12 to 19 days in Hamilton year over year and in Burlington 12 to 17 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 62% (6.2 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)

Year-To-Date Average Prices for Hamilton

Burlington - $1,086,125 - Up

Flamborough - $1,037,750 - Down

Waterdown - $1,008,750 - Down

Grimsby - $860,966 - Down

Caledonia - $755,732 - Up

Cayuga - $682,681 - Down

Dunnville - $573,209 - Down

MLS® Property Listings May 2023

RAHB Market Activity	Number of Sales May 2023	Number of Sales May 2022	Average Sale Price in May 2023	Average Sale Price May 2022
West Hamilton	62	44	$722,810	$817,582
East Hamilton	78	91	$649,604	$684,407
Central Hamilton	91	97	$589,279	$668,579
Hamilton Mountain	186	184	$803,622	$862,968
Flamborough	31	24	$1,023,073	$1,522,099
Dundas	27	32	$1,023,073	$1,050,327
Ancaster	54	48	$1,117,705	$1,376,915
Waterdown	44	42	$945,203	$1,053,474
Stoney Creek	113	135	$833,455	$927,001
Glanbrook	63	35	$906,400	$925,143
Burlington	314	291	$1,127,635	$1,231,174
Dunnville	20	18	$541,050	$659,698
Cayuga	9	10	$673,333	$778,500
Caledonia	15	26	$758,553	$939,938
Hagersville	10	11	$678,500	$887,355
Seneca	2	2	$1,225,000	$2,105,500
Rainham	6	2	$675,817	$1,003,000
Grimsby	61	40	$824,372	$1,138,666
West Lincoln	39	6	$754,483	$1,630,817

...

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

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

MLS® Property Listings April 2023

RAHB Market Activity	Number of Sales April 2023	Number of Sales April 2022	Average Sale Price in April 2023	Average Sale Price April 2022
West Hamilton	57	62	$659,839	$827,556
East Hamilton	64	87	$665,408	$745,602
Central Hamilton	81	115	$566,988	$680,043
Hamilton Mountain	152	183	$782,286	$891,355
Flamborough	16	29	$1,298,675	$1,554,369
Dundas	22	35	$902,337	$1,070,401
Ancaster	62	58	$1,127,932	$1,227,233
Waterdown	34	49	$1,023,851	$1,237,745
Stoney Creek	96	117	$822,410	$1,031,627
Glanbrook	60	48	$837,168	$1,054,468
Burlington	270	276	$1,144,424	$1,228,723
Dunnville	15	24	$619,700	$692,846
Cayuga	4	5	$651,275	$738,000
Caledonia	19	15	$792,126	$934,467
Hagersville	9	11	$621,278	$776,182
Seneca	6	5	$1,076,667	$964,000
Rainham	4	5	$858,775	$784,580
Grimsby	48	64	$826,479	$1,114,576
West Lincoln	15	3	$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)

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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 – $1,025,573 – 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

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 Activity	Number Of Sales March 2023	Number of Sales March 2022	Average Sale Price March 2023	Average Sale Price March 2022
West Hamilton	61	82	$686,475	$823,896
East Hamilton	63	133	$641,554	$784,621
Central Hamilton	99	142	$561,452	$752,412
Hamilton Mountain	137	213	$742,519	$968,620
Flamborough	19	32	$985,172	$1,664,225
Dundas	28	36	$845,722	$1,205,944
Ancaster	51	77	$1,215,157	$1,361,621
Waterdown	40	45	$1,051,626	$1,267,986
Stoney Creek	94	151	$852,140	$1,060,945
Glanbrook	32	73	$901,334	$1,149,772
Burlington	240	359	$1,051,488	$1,305,593
Dunnville	12	28	$607,617	$804,780
Cayuga	5	6	$627,600	$1,023,944
Caledonia	18	33	$760,722	$1,000,232
Hagersville	2	8	$1,337,500	$800,100
Seneca	0	3	$000,000	$2,975,250
Rainham	4	9	$580,250	$921,975
Grimsby	47	80	$849,494	$1,006,741
West Lincoln	21	4	$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)

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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:

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

MLS® Property Listings in February 2023

RAHB Market Activity	Number Of Sales February 2023	Number of Sales February 2022	Average Sale Price February 2023	Average Sale Price February 2022
West Hamilton	46	76	$748,415	$801,129
East Hamilton	41	96	$596,217	$861,960
Central Hamilton	52	108	$565,710	$719,540
Hamilton Mountain	114	159	$732,258	$989,197
Flamborough	11	19	$1,099,445	$1,450,799
Dundas	26	26	$872,830	$1,161,661
Ancaster	43	60	$1,204,499	$1,379,753
Waterdown	25	39	$1,047,526	$1,223,934
Stoney Creek	80	120	$812,627	$1,118,895
Glanbrook	26	52	$843,288	$1,230,779
Burlington	164	254	$1,064,513	$1,413,836
Dunnville	13	15	$529,719	$788,941
Cayuga	6	8	$760,000	$1,123,263
Caledonia	15	20	$693,887	$934,700
Hagersville	3	7	$573,300	$771,571
Seneca	2	3	$715,000	$1,335,333
Rainham	2	7	$550,000	$793,620
Grimsby	33	50	$871,209	$1,031,491
West Lincoln	21	2	$874,382	$1,287,450

...

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)

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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 – $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

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 Activity	Number Of Sales Jan 2021	Number of Sales Jan 2020	Average Sale Price Jan 2021	Average Sale Price Jan 2020
West Hamilton	69	44	$604,278	$560,884
East Hamilton	52	57	$590,364	$437,857
Central Hamilton	81	62	$484,647	$417,685
Hamilton Mountain	98	116	$701,032	$520,239
Flamborough	10	22	$1,404,100	$722,636
Dundas	22	16	$770,839	$646,848
Ancaster	32	44	$1,107,460	$765,607
Waterdown	27	25	$997,779	$704,048
Stoney Creek	73	93	$812,054	$591,981
Glanbrook	22	27	$826,702	$580,067
Burlington	187	143	$982,519	$832,677
Dunnville	12	4	$600,084	$376,667
Cayuga	1	7	$824,900	$492,500
Caledonia	9	13	$664,300	$505,569
Hagersville	3	4	$480,333	$401,500
Seneca	3	1	$942,633	$770,000
Rainham	0	3	$0	$489,033
Grimsby	37	28	$744,912	$602,418
Smithville	7	6	$719,143	$448,133
West Lincoln	3	3	$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.

VS

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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
10	Bayfront, Strathcona, Central	$213,296	$380,114	$656,178
11	Westdale, Ainslie Wood	$319,370	$510,095	$800,638
12	Durand, 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
13	North End	$154,720	$329,778	$622,620
14	Beasley, Landsdale	$148,393	$348,147	$589,107
20	Corktown, Stinson, Crown Point, Gibson, Stipley	$152,023	$330,589	$637,266
21	Central Mall Area	$105,535	$241,172	$533,857
22	St. 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
23	Homeside, Normanhurst, McQuesten, Parkview	$158,706	$305,612	$619,738
24	Rosedale, Bartonville, Glenview	$218,289	$377,294	$721,949
27	Riverdale, Kenley	$218,683	$396,778	$735,993
28	Greenford, Vincent, Gershome	$214,540	$371,737	$742,704
29	Hamilton 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
15	Mountview, Westcliffe, Buchanan, Southam, Bonnington, Mohawk	$302,605	$524,222	$921,402
16	Fessenden, Gilbert, Rolston, Yeoville, Gurnett, Gilkson, Gourley, Kernighan, Falkirk East, Falkirk West, Kennedy, Carpenter	$278,004	$488,873	$847,668
17	Centremount, Inch Park, Eastmount, Raleigh, Balfour, Hill Park, Burkhome, Macassa	$217,767	$391,007	$739,023
18	Greeningdon, Bruleville, Thorner, Lawfield, Jerome, Crerar, Barnstown, Rushdale, Butler, Randall, Eleanor, Allison, Ryckmans Corners	$295,391	$509,591	$917,776
25	Sunninghill, Sherwood, Hampton Heights, Huntington	$254,888	$449,625	$801,309
26	Berrisfield, 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
50	Heritage Green, Valley Park, Felker, Trinity, Highland, Leckie Park	$312,568	$550,575	$970,720
51	Battlefield, Corman, South Meadow, Highway Valley, Dewitt, Eastdale, Polar Park, Guernsey, Westmeria, Fruitland, Community Beach, Winona Park	$310,294	$539,381	$890,223
52	Rural 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
41	Pleasant 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
42	Sulphur 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
53	Glanbrook, 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
54	Grimsby 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
46	Waterdown 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)

District	Neighbourhoods	Average Prices in 2012	Average Prices in 2017	Average Prices in 2022
30	Aldershot	$518,985	$850,126	$1,179,421
31	Plains, Maple, Central	$429,939	$706,404	$1,099,458
32	Dynes, Longmoor, Pinedale	$371,600	$654,145	$1,052,923
33	Roseland, Shoreacres, Elizabeth Gardens	$570,439	$1,015,235	$1,514,262
34	Tyandaga, Mountainside, Brant Hills	$418,631	$680,371	$1,140,236
35	Headon Forest, Palmer, Tansley, Millcroft, Orchard, Corporate	$429,958	$685,203	$1,194,139
36	Alton West, Alton East	$505,652	$824,708	$1,315,494
38	North 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 Activity	Number Of Sales Dec 2022	Number of Sales Dec 2021	Average Sale Price Dec 2022	Average Sale Price Dec 2021
West Hamilton	18	48	$538,378	$658,813
East Hamilton	33	62	$573,127	$730,655
Central Hamilton	40	107	$559,453	$629,206
Hamilton Mountain	65	127	$733,545	$883,826
Flamborough	8	10	$1,213,063	$1,326,038
Dundas	12	23	$780,250	$1,041,800
Ancaster	25	28	$1,110,804	$1,353,962
Waterdown	19	21	$885,666	$1,096,215
Stoney Creek	48	77	$787,121	$964,517
Glanbrook	16	29	$816,313	$1,017,459
Burlington	98	136	$1,039,940	$1,221,327
Dunnville	10	12	$751,450	$762,991
Cayuga	0	6	$000,000	$668,683
Caledonia	12	10	$714,732	$765,480
Hagersville	5	4	$479,860	$885,250
Seneca	0	1	$000,000	$1,175,000
Rainham	2	3	$577,500	$746,667
Grimsby	17	44	$796,000	$876,227
West Lincoln	5	2	$776,400	$1,227,500

...

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

MLS® Property Listings in November 2022

RAHB Market Activity	Number Of Sales November 2022	Number of Sales November 2021	Average Sale Price November 2022	Average Sale Price November 2021
West Hamilton	37	61	$804,917	$698,819
East Hamilton	48	79	$596,227	$667,033
Central Hamilton	55	127	$552,285	$625,038
Hamilton Mountain	96	181	$680,725	$789,085
Flamborough	17	23	$1,216,324	$1,185,026
Dundas	16	44	$840,250	$870,106
Ancaster	37	65	$1,094,284	$1,219,930
Waterdown	30	31	$884,913	$1,152,605
Stoney Creek	67	106	$744,164	$890,286
Glanbrook	22	42	$835,727	$994,904
Burlington	221	234	$970,726	$1,175,264
Dunnville	14	21	$588,343	$813,690
Cayuga	2	11	$900,000	$1,144,210
Caledonia	17	9	$820,265	$858,722
Hagersville	4	7	$525,000	$573,171
Seneca	1	3	$1,310,000	$1,220,000
Rainham	3	3	$816,667	$633,333
Grimsby	26	43	$923,854	$919,419
West Lincoln	5	5	$695,500	$1,104,000

...

October 2023 Hamilton Real Estate

Here's What Happened This Month!

Year-To-Date Average Prices for Hamilton

MLS® Property Listings October 2023

September 2023 Hamilton Real Estate

Here's What Happened This Month!

Year-To-Date Average Prices for Hamilton

MLS® Property Listings September 2023

August 2023 Hamilton Real Estate

Here's What Happened This Month!

Year-To-Date Average Prices for Hamilton

MLS® Property Listings August 2023

July 2023 Hamilton Real Estate

Here's What Happened This Month!

Year-To-Date Average Prices for Hamilton

MLS® Property Listings July 2023

January to June 2023 Real Estate Statistics

Low Inventory Levels & Higher Interest Rates

Hamilton's average Year to Date PriceS

10-Year Comparison For Districts & Neighbourhoods(10 Years Ago vs. Now in 2023)

West Hamilton

Central Hamilton

East Hamilton

Hamilton Mountain

Other Areas Around Hamilton

Ancaster

Stoney Creek

Glanbrook

Waterdown

Dundas

Burlington

Grimsby

Flamborough

June 2023 Statistics!

MLS® Property Listings June 2023

May 2023 - Hamilton Real Estate ON.

Here's What Happened This Month!

Year-To-Date Average Prices for Hamilton

MLS® Property Listings May 2023

April 2023 Hamilton On. Real Estate

Here's What Happened This Month!

Year-To-Date Average Prices for Hamilton

MLS® Property Listings April 2023

March 2023 Hamilton Ont. Real Estate Statistics

Here's What Happened This Month!

Year To Date Average Prices for Hamilton

MLS® Property Listings in March 2023

February 2023 Hamilton ON. Real Estate Statistics

Here's What Happened This Month!

Year To Date Average Prices for Hamilton

MLS® Property Listings in February 2023

January 2023 Hamilton ON. Real Estate

Hamilton Area Statistics for January 2023

Here's What Happened This Month!

Buyers Market Below 40%

Balanced Market Between 40% and 60%

Sellers Market Above 60%

Year To Date Average Prices for Hamilton

MLS® Property Listings in January 2023

Year to Date Jan-Dec 2022 Hamilton Real Estate

Year In Review for 2022

Statistics & Property Values Report!

VS

Average Selling Prices Compared to 2017 and 2012

West Hamilton

2022 West Hamilton Overview

Compared to Past Years…

Central Hamilton

2022 Central Hamilton Overview

Compared to Past Years…

East Hamilton

2022 East Hamilton Overview

Compared to Past Years…

Hamilton Mountain

2022 Hamilton Mountain Overview

Compared to Past Years…

Stoney Creek

2022 Stoney Creek Overview

Compared to Past Years…

Dundas

10-Year Comparison For Districts & Neighbourhoods

(10 Years Ago vs. Now in 2023)