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 also declined.
Hamilton Ontario is recently the hottest real estate market in Canada. Properties have been slowly appreciating over time in Hamilton. Hamilton is only an hour drive from Toronto and the recent "hype" is mainly coused by house hunters and investors from Toronto. The average house price in Hamilton Ontario just reached a $500,000 mark but this is still somewhat modest comparing to greater Toronto or "416" area where the average home price reached $1,200.000
TOP REAL ESTATE COMMUNITIES IN HAMILTON ONTARIO WITH 2018 HOUSE PRICES.
ANCASTER, AVG.PRICE $791,645
DUNDAS, AVG. PRICE $714,491
MOUNTAIN, AVG. PRICE $464,324
STONEY CREEK AVG. PRICE $511,732
EAST HAMILTON AVG.PRICE $346,685
HAMILTON WEST AVG.PRICE $463,570
HAMILTON CENTRE AVG.PRICE $349,074
WATERDOWN AVG.PRICE $631,352
PRICES WERE UPDATED END OF DECEMBER 2017.
UPDATED AVERAGE HOUSE PRICES IN TOP 8 HAMILTON COMMUNITIES YOU CAN FIND IN THE TABLE BELOW: