Waldi & Margaret Niburski

Sutton Group Innovative Realty Inc. Brokerage

HAMILTON MOUNTAIN REAL ESTATE

2018 PROPERTY FORECAST HOUSE PRICES

HOMES AND CONDOS FOR SALE


HAMILTON MOUNTAIN REAL ESTATE HOUSE PRICES 2018 PROPERTY FORECAST


2019 Hamilton Ontario and Areas house prices:


house prices hamilton ontario including hamilton mountain in 2019


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...

ATTENTION BUYERS!!! If you would like to have new Hamilton Mountain listings emailed to you AS SOON AS THEY BECOME AVAILABLE, then, click here... 


2019 house prices on hamilton mountain





HAMILTON MOUNTAIN DISTRICTS/NEIGHBOURHOODS     NUMBER OF HOMES SOLD IN 2018    AVERAGE HOUSE PRICE
                                    15                      213                $525,022
                                    16                      461                $481,495
                                    17                      410                $409,898
                                    18                      385                $522,567
                                    25                      173                $459,441
                                    26                      195                $432,435


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!


MAY 2018:

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  
BUNGALOW     $423,054    $441,201    $431    17  
       2 STOREY    $602,581    $614,306    $308    25



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
   FREEHOLDS    $472,071   $486,382    $368    21
   CONDOMINIUM TOWNHOUSE    $336,253    $344,680    $271    19
   CONDOMINIUM APARTMENT    $209,121    $209,100    $276    27

 

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.



PLEASE CONTACT WALDI & MARGARET NIBURSKI FOR ALL YOUR REAL ESTATE NEEDS IN HAMILTON ONTARIO.


Waldi Niburski
Waldi: 905-536-7474
Margaret Niburski
Margaret: 905-869-5111

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