In the table below, one can find a quarterly house report for 2017 in Hamilton, Ontario.
QUOTERS IN 2017
AVG LISTING PRICE
AVG SELLING PRICE
DOM (AVG DAYS ON MARKET)
PLEASE SCROLL DOWN TO THE BOTTOM OF THIS PAGE FOR NEWEST REAL ESTATE HOUSE PRICES FROM HAMILTON ONTARIO APRIL 2017
Recently released stats showed that residential freehold average sale price increased by 22.2% at $455,460 while the average price of condominium increased by 19.9 % and stands at $301,687
The average number of days on market decreased from 41 to 30 days in the freehold market and from 36 to 17 in the condo market.
Skyrocketing prices of real estate in Toronto turned investors and commuting first time home buyers to Hamilton and outlying area. Sales in Toronto in September showed 21.5% increase over the same period in 2015 and in comparison real estate prices in Hamilton are about 30-40% lower.
Please refer to graph below for tracing market activity in selected Hamilton areas. Number of sales as well as average sale prices for December 2016.
For average price by district in Hamilton please refer to the stats map below:
Charts below illustrate the residential sales by price range and property type:
Hamilton is entering 2017 with a very low inventory. We are experiencing a strong sellers market. However, nothing is predicting that the prices of real estate in Hamilton and area will stop rising. The rental market is still healthy...Investors should also take under consideration increased GOTrain service as well as promise of LRT and renewal of Hamilton's reputation as attractive City to raise a family. We think that sales activity will continue to show an upward trajectory. Investors buyers and sellers could be in for a wild ride in 2017.