Hamilton Real Estate – January 2019 Statistics

Sales down, prices up! Hamilton, ON (February 4, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 593 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in January, 2019. This is a 3.6 per cent drop from the same month last year. The average price was up by 4.7 per cent to $550,058. “This is a promising start to 2019,” says RAHB CEO George O’Neill. “For sellers, the average price of a home has increased over 100 per cent since 2009. For buyers, sales activity has slowed, the number of new listings has increased, and we are sitting firmly in a balanced market.” The number of sales for single family properties within the entire RAHB market fell by 2.8 per cent compared to the same month last year, and the average sale price increased by 7 per cent. Townhouse sales activity across the entire RAHB market area were also down from January 2018 by 2.6 per cent, while … [Read more...]

RAHB December Real Estate Stats – 2018

Hamilton, ON (January 2, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB)reported 534 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December, 2018. Although this is a 26 per cent lower than the same month last year, the average price was up by 2.6 per cent to $543,210. Year-to-date (YTD) sales activity was down by 17.6 per cent from this time last year, and down 12.2 per cent from a decade ago. Average YTD price was also down from a year ago by 1.4 per cent, but up by 90 per cent from 2008. “As we close out 2018, we’ve experienced a different market than the ones from 2016 and 2017,” says RAHB CEO George O’Neill. “Across the RAHB market area we’ve seen decreases in various statistics when compared to last year; however, consumers who have owned their property for the past several years have experienced gains in the value of their property.” The number of sales for … [Read more...]

Hamilton home prices have skyrocketed 70% in the past 5 years: report

Mortgage stress test causing decline in housing affordability, says CREA economist CBC News · Posted: Dec 18, 2018 11:10 AM ET | Last Updated: December 18 Real estate prices in Hamilton and Burlington have seen the fourth-highest increase in Canada over the past five years. (Jonathan Hayward/Canadian Press) Home prices in the Hamilton area have skyrocketed 70 per cent over the past five years, according to a new report from the Canadian Real Estate Association (CREA). The price increase in the Hamilton-Burlington market — where homes have an average price tag of $581,900 — is the fourth highest in Canada, the report says, but the jump was even greater in Niagara Region. Since 2013 years prices have leapt a staggering 79 per cent there, although the average cost of a home there at $393,500 — is almost $200,000 less than Hamilton. CREA economist says the latest numbers indicate that government attempts to slow … [Read more...]

RAHB – Real Estate Statistics Nov – 2018

November Hamilton/Burlington Sales down, prices still up... The REALTORS® Association of Hamilton-Burlington (RAHB) reported 862 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in November, 2018. This is a 17.1 per cent decrease from the same month last year. Year to date, sales are 17.4 per cent lower than last year at this same time. The sales-to-new-listings ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent), was 71.2 per cent – the low end of a seller’s market. For comparison, in November 2017 the ratio was 69.9 per cent. “The numbers this month point to a seller’s market; however, this number represents our entire market area that covers Hamilton, Burlington, Haldimand and Niagara North, and may not be indicative for each individual area.” says RAHB CEO George O’Neill. “Each area is different and distinct, that’s why … [Read more...]

SOLD! Governors Rd, Dundas

Great opportunity to renovate the existing 3 + 1 bed, 1.5 storey home or build your dream home! The long drive takes you through the private lot with dozens of mature trees. Stunning views of conservation land from the large bay window in the living room. Imagine the views you could uncover after an extensive renovation or new build. The 95’ x 290’ lot just west of Wainwright is steps to conservation trails and just a short drive to schools, shops and beautiful Downtown Dundas. … [Read more...]

11 Wellington St N, Dundas – $439,900

Circa 1887, this 1.5 storey “Olde Dundas” cottage features 2 main floor bedrooms plus finished upper level pine loft. Loads of charm and character and full of nooks and crannies throughout this spacious Dundas charmer. Large eat in country kitchen, views of the Dundas peak and escarpment and steps to downtown Dundas and conservation trails. … [Read more...]

Hamilton Real Estate – October Sales

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,035 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in October, 2018. This is a 13.1 per cent decrease from the same month last year. Year to date, sales are 17.7 per cent lower than last year at this same time. The sales-to-new-listings ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent) was 60.1 per cent. This is higher than last month and on the cusp of returning to a seller’s market. For comparison, in October 2017 the ratio was 65.5 per cent. “The single family market in the overall RAHB area remains in a balanced position, with a good inventory of homes for those looking for a detached property,” says RAHB CEO George O’Neill. The number of sales for single family properties within the entire RAHB market fell compared to the same month last year, while the … [Read more...]

SOLDL! Melville St, Dundas

58 Melville St - In the heart of “Olde” Dundas.    This lovely home, in an extremely sought after location, has been meticulously maintained and offers: gorgeous original woodwork and maple floors, 9’ ceilings, pocket doors, a well-designed and layout kitchen, main floor family room addition with large windows, a skylight, wired surround sound and a hidden television nook above the custom mantel and gas fireplace.   Upstairs features 3 bright bedrooms including a spacious master with walkout balcony, a main 4 piece bath featuring cork flooring.  Walk upstairs to find a finished loft space with an additional 3 piece bath – Perfect for a future Master Retreat.  The lower level has been well maintained and offers a workshop with walk up potential, laundry and lots of storage.  Outside awaits your private and peaceful rear gardens, the mutual drive provides access to rear parking and the powered detached garage.   Walk to everything, … [Read more...]

SOLD! Glenashton Dr, Stoney Creek

Nestled at the base of the Niagara Escarpment awaits 45 Glenashton Dr.  This well maintained and recently updated home features 3 spacious bedrooms, gorgeous gourmet kitchen, bright living room open to the Florida room addition which showers the main floor with natural light.  Upstairs you will find the large master bedroom with front balcony access and ensuite,  two addition bedrooms with new carpet and a large main bath.  The lower level features a bright and spacious rec-room, sauna, laundry and separate gym space.   Peace and tranquility await outside in  your private backyard with reverse ravine up the escarpment.   Close to public transit, schools, park, highway and mountain access.  A great home with great value! … [Read more...]

SOLD!! Blathwayte Ln, Burlington

TURN KEY with no CONDO FEE!  These sought after, executive FREEHOLD condo’s are rarely offered!  Turn-key, low-maintenance in the heart of Downtown Burlington! The gorgeous and updated eat in kitchen is open to the bright living room / dining room combination where the vaulted ceilings add space and light throughout the main floor.  Upstairs in the loft awaits the bright and spacious master bedroom with private ensuite bath.   The fully finished lower level with 2 piece bath offers additional space perfect for a rec room, family room or guest suite.  No condo fees, nothing to do but move in!  Please allow 24 hours irrevocable for any offers. VIRTUAL TOUR: https://my.matterport.com/show/?m=md6qNXieUWL … [Read more...]