Laura Doucette – Sales Representative | Sutton Group Innovative Realty Inc., Brokerage | 905-575-7070

Year To Date Market Report

For Jan to Dec 2019

2019 Year in Review

Analysis & Property Values Report!

2019 started off very slow, mostly due to the hard cold snowy extended winter throughout the Hamilton-Burlington Real Estate Market Areas. The last half of the year seemed to make up for it though, and was extremely busy! January 2019 had a List-To-Sell Ratio of 46.7% (Balanced Market). By July the ratio increased to 69% (Sellers Market) and with the exception of September which dropped to 56% (Balanced Market) continually increased for the rest of the year and ended in a strong Sellers Market! Overall, year over year, 2019 had a List-To-Sell Ratio of 67.3% (Sellers Market), 2018 was 59.4% (top end of a Balanced Market), 2017 was 65.6% (Sellers Market) and 2016 was 83.3%, showing a very strong Sellers Market. What does these numbers mean to you? If you are thinking of Selling, it is a very good sign, and if you are thinking of buying, do it it soon, as it looks as though the trend is for a strong Sellers Market for 2020!
 
Average Residential Selling Prices over the last few years have gone from $530,454 in 2016, peaked at $608,915 in 2017, dropped to $575,509 in 2018 and rose to almost the exact number from 2017 to $608,618 in 2019! Condominium Average Selling Price was $439,771 in 2019, up from $420,426 in 2018, and up from $403,522 in 2017 and well up from $346,832 in 2016. More and more people are looking to the lower priced condominiums which is raising the average sale much quicker than the detached homes average selling prices.
 
As always, averages can be deceiving so remember to look at individual areas, styles of homes, and price ranges very carefully. Each district and neighbourhood tells a different story, which is why it is always best to use a Local Realtor®.  Overall average prices in every Area of Hamilton-Burlingto went up over 2018, and within that area only 3 districts in Burlington went down, otherwise all districts went up. When comparing styles of homes, prices went up as well. 1044 1.5 storey homes sold for an average of $468,578 (up from 949 units at $427,673), 4530 2 storey homes sold for an average price in 2019 of $683,279 (up from 4007 houses at $660,878) 2560 Bungalows at $544,987 (up from 2368 in 2018 sold for an average of $504,795). 1 storey condominiums sold for an average of $412,128 in 2019 (1370 units), up from $395,030 in 2018 (1122 units).
 
As always, remember that an evaluation on your property changes, so get an updated market analysis done right before you consider listing your property, and make sure it is a truly localized look at your particular neighbourhood!

 

VS

Average Selling Prices

5 and 10 Years Ago VS. 2019

Here is an overview of the average selling prices for some of the Hamilton Districts and Suburbs of Hamilton Ontario Canada compared to 5 years ago (2014) and 10 Years ago (2009).


 

West Hamilton Real Estate Neighbourhood Districts Laura Doucette Sutton

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. 

2019 Average Selling Price for West Hamilton – $500,144 with 605 Total Sales, 34 Average Days on the market, selling for 98% of the listing price.

Looking back it was – $479,271 in 2018 (1 year ago) $344,805 in 2014 (5 years ago) and $244,204 in 2009 (10 years ago).

DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
10Bayfront, Strathcona, Central$197,243$257,636$437,852
11Westdale, Ainslie Wood$268,589$368,760$521,745
12Durand, Kirkendall$253,177$371,083$524,101

 

Central Hamilton Real Estate Neighbourhood Districts Laura Doucette Sutton

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.
 
2019 Average Selling Price for Central Hamilton – $390,622 with 1015 Total Sales, 26 Average Days on the market, selling for 101% of the listing price.
 
Looking back it was – $352,134 in 2018 (1 year ago),  $202,011 in 2014 (5 years ago)  and $142,494 in 2009 (10 years ago).
DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
13North End$110,784$185,344$383,876
14Beasley, Landsdale$137,789$201,925$359,009
20Corktown, Stinson, Crown Point, Gibson, Stipley$135,487$189,550$381,678
21Central Mall Area$97,328$135,537$314,003
22St. Clair, Blakeley, Deta$192,503$270,851$489,323

 

East Hamilton Real Estate Neighbourhood Districts Laura Doucette Sutton

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. 
 
2019 Average Selling Price for East Hamilton – $413,165 with 875 Total Sales, 26 Average Days on the market, selling for 100% of the listing price.
 
Looking back it was – $379,465 in 2018 (1 year ago), $225,621 in 2014 (5 years ago)  and $167,172 in 2009 (10 years ago).
DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
23Homeside, Normanhurst, McQuesten, Parkview$141,290$187,167$365,786
24Rosedale, Bartonville, Glenview$192,214$250,838$436,224
27Riverdale, Kenley$188,684$253,523$445,791
28Greenford, Vincent, Gershome$178,750$234,552$430,379
29Hamilton Beach$000,000$338,856$600,440

 

Hamilton Mountain Neighbourhood Districts Laura Doucette Sutton

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. 
2019 Average Selling Price for Hamilton Mountain – $499,868 with 1803 Total Sales, 29 Average Days on the market, selling for 100% of the listing price.
 
Looking back it was – $471,502  in 2018 (1 year ago), $302,900 in 2014 (5 years ago) and $227,381 in 2009 (10 years ago).
DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
15Mountview, Westcliffe, Buchanan, Southam, Bonnington, Mohawk$256,259$335,968$543,465
16Fessenden, Gilbert, Rolston, Yeoville, Gurnett, Gilkson, Gourley, Kerninghan, Falkirk East, Falkirk West, Kennedy$248,378$320,332$512,141
17Centremount, Inch Park, Eastmont, Raleigh, Balfour, Hill Park, Burkhome, Macassa$185,156$254,231$433,795
18Greeningdon, Bruleville, Thorner, Lawfield, Jerome, Crerar, Barnstown, Rushdale, Bulter, Randall, Eleanor, Allison, Ryckman's Corner$248,828$332,660$544,692
25Sunninghill, Hampton Heights, Huntington$221,366$283,464$494,952
26Berrisfield, Lisgar, Trenholme, Quinndale, Templemead, Broughton$222,544$281,514$478,766

 

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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. 
 
2019 Average Selling Price for Stoney Creek – $562,326 with 1089 Total Sales, 35 Average Days on the market, selling for 98% of the listing price.
 
Looking back it was – $533,864  in 2018 (1 year ago), $357,193 in 2014 (5 years ago) and $271,330 in 2009 (10 years ago).
DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
50Heritage Green, Valley Park, Felker, Trinity, Highland, Leckie Park$260,925$351,254$566,107
51Battlefield, Corman, South Meadow, Highway Valley, Dewitt, Eastdale, Polar Park, Guernsey, Westmeria, Fruitland, Community Beach, Winona Park$274,059$356,878$557,028
52Rural Stoney Creek$715,000$471,074$623,400

 

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. 
 
2019 Average Selling Price for Dundas – $617,431 with 270 Total Sales, 33 Average Days on the market, selling for 99% of the listing price.
 
Looking back it was – $575,378  in 2019 (1 year ago), $402,331 in 2014 (5 years ago) and $301,543 in 2009 (10 years ago).
DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
41Pleasant View, Hopkins Corner, Cootes Paradise, University Gardens, Dundana, Grosvenor's Estate, Highland Park, Pleasant Valley$301,543$402,331$617,431

 

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. 
 
2019 Average Selling Price for Ancaster – $771,748 with 577 Total Sales, 42 Average Days on the market, selling for 98% of the listing price.
 
Looking back it was $739,046 in 2018 (1 year ago), $501,955 in 2014 (5 years ago) and $389,309 in 2009 (10 years ago).
DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
42Sulphur Spring, Ancaster Heights, Oakhill, Meadowlands, Parkview Heights, Nakoma, Harmony Hall, Shaver, Southcote$389,309$501,955$771,748

 


 

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. 
 
2019 Average Selling Price for Glanbrook – $590,073 with 502 Total Sales, 40 Average Days on the market, selling for 98% of the listing price.
 
Looking back it was – $560,312  in 2018 (1 year ago) , $369,352 in 2014 (5 years ago) and $293,738 in 2009 (10 years ago).
DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
53Glanbrook, Binbrook, Mount Hope$293,738$369,352$590,073

 

Waterdown

 

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

2019 Average Selling Price for Waterdown – $705,595 with 329 Total Sales, 30 Average Days on the market, selling for 99% of the listing price.

Looking back it was – $656,012 in 2018 (1 year ago), $464,742 in 2014 (5 years ago) and $347,800 in 2009 (10 years ago).

DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
46Waterdown East & West$347,800$464,742$705,595

 

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. 

2019 Average Selling Price for Burlington – $756,627 with 2160 Total Sales, 29 Average Days on the market, selling for 98% of the listing price

Looking back it was – $742,352 in 2018 (1 year ago), $511,852 in 2014 (5 years ago) and $380,807 in 2009 (10 years ago).

DistrictNeighbourhoodsAverage Prices in 2009Average Prices in 2014Average Prices in 2019
30Aldershot$379,646$548,628$814,930
31Plains, Maple, Central$335,673$486,475$753,559
32Dynes, Longmoor, Pinedale$314,577$433,218$683,342
33Roseland, Shoreacres, Elizabeth Gardens$510,776$672,624$1,055,339
34Tyandaga, Mountainside, Brant Hills$377,437$472,200$715,611
35Headon Forest, Palmer, Tansley, Millcroft, Orchard, Corporate$359,563$471,970$679,273
36Alton West, Alton East$406,815$540,956$788,792
38North Burlington Rural$789,700$929,187$1,091,443

 

Here’s What Happened In 2019

December 2019 had only 461 Total Residential Listings come through the Hamilton Real Estate Board which was a huge drop from the 1056 New Listings in November and slightly lower than December 2018 (507) as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB).  Hamilton had 334 of those (down from 340 in 2018) and Burlington had 74 (down from 105 in 2018).
 
Residential Sales located throughout the RAHB market area (including Burlington and all outlying areas covered by RAHB) of 585 Properties were down from November, October and September, however are up from December 2018 by 3.9%. Residential Sales in Hamilton (which includes Hamilton plus Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek and Glanbrook) were 425 of that total and the Average Hamilton Residential Sales Price of those 425 in December 2019 was $531,283 up 8% from December 2018.  Burlington had 102 Sales (down from 124 in 2018) with an Average Price of $802,524 (up from the $714,049 Average Price from December 2018). The end of month listing inventory shows 735 Active Residential Listings, giving Hamilton 1.7 months of inventory, which is down 11% compared to 822 Properties still available for sale at the end of December last year which was 2.1 months of inventory. Burlington has 1.8 months of inventory (down 27%) with 181 active listings for sale. Average days on the market decreased from 41.4 to 35.1 this year for Hamilton and also decreased in Burlington from 43 to 31.
 
The Hamilton – Burlington Area exploded into a Very Strong Sellers Market, where the ratio of Homes Sold to Homes Listed is above 60%, currently sitting at 127% for Residential, (in other words, 12.7 homes are sold for every 10 new listings). This is the highest we have seen in a very long time. Homes Sold to Homes Listed Ratio:  Buyers Market is below 40%, Balanced Market is between 40-60%, and Sellers Market is above 60%. 

 

MLS® Properties SOLD

in December 2019

RAHB Market ActivityNumber Of Sales 2019Number of Sales 2018Average Sale Price 2019Average Sale Price 2018
West Hamilton3427$543,274$534,636
East Hamilton5252$421,171$374,032
Central Hamilton6372$368,442$371,458
Hamilton Mountain9984$528,333$486,124
Flamborough145$839,843$667,580
Dundas1816$597,628$529,613
Ancaster3124$691,893$768,692
Waterdown1524$668,233$629,688
Stoney Creek6655$539,885$524,690
Glanbrook2721$611,907$495,786
Burlington102124$802,524$714,049
Dunnville88$412,081$428,750
Cayuga24$431,400$368,782
Caledonia88$482,154$417,375
Hagersville41$319,625$468,00
Seneca32$747,000$802,500
Rainham14$1,450,000$601,250
Grimsby2419$659,967$514,447
Smithville55$471,598$484,960
West Lincoln11$650,000$520,000

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.