HAMILTON MOUNTAIN REAL ESTATE
2018 PROPERTY FORECAST HOUSE PRICES
HOMES AND CONDOS FOR SALE
2019 Hamilton Ontario and Areas house prices:
ATTENTION SELLERS!!! The EQUITY in your HOME is like any other Investment - it needs to be monitored. Homeowners should have their EQUITY evaluated once a year. For FREE MARKET EVALUATION click here...
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2019 house prices on hamilton mountain
|HAMILTON MOUNTAIN DISTRICTS/NEIGHBOURHOODS||NUMBER OF HOMES SOLD IN 2018||AVERAGE HOUSE PRICE|
PLEASE CONTACT WALDI & MARGARET NIBURSKI FOR HOUSE PRICES IN PARTICULAR HAMILTON MOUNTAIN NEIGHBOURHOODS
CONTACT US HERE.... FOR 2019 HAMILTON REAL ESTATE MARKET FORECAST, HOUSE PRICES.
AS SHOWN ABOVE AVERAGE HOUSE PRICE ON HAMILTON MOUNTAIN IN 2017 WAS $464,368 WHILE A YEAR EARLIER -$400,379.
THIS IS ALMOST 14% PRICE INCREASE WITHIN A YEAR.
BETWEEN 2006 AND 2017 THE PRICE INCREASED BY 55 PER CENT!
FOR DETAILS PLEASE CONTACT WALDI & MARGARET NIBURSKI
The latest RAHB statistics reported that the sales in May 2018 were down close to 30%.
The average price of freehold properties as well as condos declined.
|SIDE SPLIT ON WEST MOUNTAIN||SEMI DETACHED HOMES ON WEST MOUNTAIN|
Hamilton housing (with Hamilton Mountain being a prime example) market rode a real rollercoaster in 2017.
The first few months of 2017 were very frenzy with homes sold for prices much higher than the asking prices. It truly was a red hot market.
Then in April, provincial government introduced some measures to cool the market down. Hamilton real estate market went from a strong, prolonged sellers market (with the average time to sell the property was 14 days) to a more balanced market.
Since April 2017 house prices in Hamilton are on decline trend. Sales since April were down and listings are up.
MOST POPULAR STYLES OF HOMES ON HAMILTON MOUNTAIN AND THEIR PRICES IN 2017.
|STYLE OF HOME||LIST PRICE||SELLING PRICE||PRICE PER SQFT||DAYS ON THE MARKET|
PLEASE CONTACT WALDI & MARGARET NIBURSKI FOR STATS AND INFO REGARDING DIFFERENT
STYLES OF HOMES IN HAMILTON AND THEIR PRICES PER SQUARE FOOT.
|LUXURY HOME ON WEST MOUNTAIN||LUXURY PROPERTY ON HAMILTON MOUNTAIN|
MOST POPULAR TYPE OF HOMES ON HAMILTON MOUNTAIN AND THEIR 2017 PRICES
PRICES PER SQFT ON HAMILTON MOUNTAIN
|TYPE OF OWNERSHIP||LIST PRICE||SELLING PRICE||$/SQFT||DOM DAYS ON THE MARKET|
END OF THE YEAR HOME & CONDO PRICES IN HAMILTON ONTARIO
CLICK HERE FOR 2018 HAMILTON ONTARIO PROPERTY FORECAST
3 THINGS TO EXPECT IN HAMILTON MOUNTAIN HOUSING MARKET IN 2018:
1. Ancaster housing market was a strong Seller Market for a long time. In 2018 we can see the same trends to continue. Buyers will take longer to purchase the property. Homes will stay longer on the market. It will be a balanced market. The number of sales may decrease in comparison to 2017 and the number of listings will increase.
2. We can expect some impact of the stress test that every buyers will have to pass on their mortgage application starting January 1st 2018. Banks will qualify the buyers based on whether they could still afford their monthly payments if interest rates were 2 per cent higher. This could allow fewer buyers to qualify for loans. This plus hike in the interest rate (Bank of Canada already hiked the interest rate by 0,25%) could bring prices of homes in Ancaster lower as sellers find fewer buyers be able to pay premium prices for their properties.
To qualify, buyers might have to lower their prices range by 15%-20% and consider different, cheaper neighbourhood.
3.We predict that house prices in Ancaster might slightly decline in 2018 however, it will not be a significant drop.