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Westdaleis a prestigious residential neighbourhood in Hamilton Ontario. It is centred on the Westdale Village shopping district and located very close to McMaster University. Westdale has been the heart of the Jewish community of Hamilton for many years. Presently many home owners rent their homes in Westdale to McMaster students. It is bordered to the north by Cootes Paradise, to the south by Main Street, to the east by Highway 403, and to the west by McMaster University.
Westdale Real Estate
45 properties (units) were sold in neigbourhood of Westdale in 2013. Please refer to the chart below for average home selling price by quarters:
In the first quarter of 2013 the average sale price in Westdale was $343,625. In the second quarter it rose by 31% to $449,000. In the third it went down by 21% to $356,230 and in the last quarter of 2013 it rose substantially to $478,682.
The graph above illustrates the monthly average price changes from April to December 2013.
A big jump in sale price during 2013 was caused by the fact that the two story house on 88 Foysyth Avenue North, with 5 bedrooms, sold for $750,000.
By December 2013 3 properties in Westdale had changed hands. 151 Sterling Street listed for $799,900 but sold for $780,000. It came with 4+1 Bedrooms, being a 2 storey property with a great curb appeal. Second was 104 Paisley Avenue North,a beautiful 2 storey, 4 bedrooms tudor style house with an asking price of $779,900. It sold for $750,000.
During 2013 the real estate market in Westdale was very hot. Many properties sold above asking price. There were many instances of bidding wars. One of those properies was a house on 170 Dromore Crescent 4 bedrooms, 2.5 storey listed for $599,900 sold for $632,000.
The real estate market forecast for Westdale in 2014 is still very optymistic. Average sale price is expected to increase and we will still experience a Seller's Market.
If you have any questions with regards to real estate in Westdale Hamilton or wish to buy, sell or invest in student housing please contact Waldi and Margaret Niburski. We make dreams affordable!
2017 MARKET UPDATE
20 PROPERTIES SOLD IN WESTDALE FROM JANUARY 1ST 2017 TO APRIL 15TH 2017. THE AVERAGE ASKING PRICE WAS $593,298 WHILE
THE AVG. SALE PRICE WAS $623,251 WITH AVG. DOM 17 DAYS.
MONTHLY PRICE TREND CHART AND AVG HOUSE PRICE IN WESTDALE BY MONTHS
NUMBER OF UNITS SOLD IN WESTDALE IN FIRST QUARTER OF 2017 BY MONTH