In the graph above the average house price in East Hamilton can be traced over a decade. (from 2006 to 2017). Are you looking to invest in property? Contact us if You thinking of investing in a property in one of East Hamilton neighbourhoods.
AVERAGE HOUSE PRICE IN HAMILTON BY PROPERTY STYLE
SEMIS & TOWNHOMES/ TOWNHOUSES
HAMILTON EAST SEMIS SEMI DETACHED HOMES
AVG. LISTING PRICE
AVG. SELLING PRICE
AVG. DOM/DAYS ON THE MARKET
SEMIS, SEMI DETACHED HOUSES
AVERAGE SEMI DETACHED PROPERTY IN EAST HAMILTON STAYED 29 DAYS ON THE MARKET AND THE SELLING PRICE WAS $361,774.
SPECIFIC NEIGHBOURHOODS WITHIN EAST HAMILTON REAL ESTATE MARKET MIGHT HAVE DIFFERENT STATS. BECAUSE THE NEIGHBOURHOODS VARY, DETERMINING THE RIGHT PRICE WHILE BUYING OR SELLING IS CRITICAL AND CAN BE VERY CHALLENGING.
PLEASE CONTACT US HERE....FOR 2019 HAMILTON REAL ESTATE MARKET FORECAST, HOUSE PRICES AS WELL AS TO CHAT BEFORE ,AS A BUYERS AND SELLERS, YOU WILL MAKE THOSE BIG DECISIONS. WE HAVE A LOCAL EXPERIENCE, KNOWLEDGE AND TOLLS TO HELP YOU.
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.
STYLES OF HOMES IN HAMILTON AND THEIR PRICES PER SQUARE FOOT
3 THINGS TO EXPECT IN HAMILTON EAST HOUSING MARKET IN 2019
1. Hamilton housing market was a strong Seller Market for a long time. In 2019 we can expect balanced market. Buyers will take longer to purchase the property. Homes will stay longer on the market. The number of sales may still decrease.
2. We can expect some impact of the stress test that every buyer have to pass on their mortgage application since 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.
To qualify, buyers might have to lower their prices range by 15%-20% and consider different, cheaper neighbourhoods like Hamilton East.
3.We predict that home prices in East Hamilton might still increase as this is still one of the most affordable community in Hamilton Ontario.