HAMILTON EAST REAL ESTATE
2019 PROPERTY FORECAST HOUSE PRICES
HOMES AND CONDOS FOR SALE
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 East Hamilton listings emailed to you AS SOON AS THEY BECOME AVAILABLE, then, click here...
2019 house prices
|EAST HAMILTON BY DISTRICTS/NEIGHBOURHOODS||NUMBER OF HOMES SOLD IN 2018||AVERAGE HOUSE PRICE|
There is 5 districts in East Hamilton. In 2018 average house price in most of them was below $400,000. Please refer to the table above for details.
In our affordable Hamilton neighbourhoods report some of the most affordable neighbourhoods were in East part of the city.
Please, contact Waldi & Margaret Niburski here...to get a full report and find out which neighbourhood in Hamilton Ontario is the most and least affordable.
In the graph above the average house price in East Hamilton can be traced over a decade. (from 2006 to 2017). Are you looking to invest in property? Contact us if You thinking of investing in a property in one of East Hamilton neighbourhoods.
AVERAGE HOUSE PRICE IN HAMILTON BY PROPERTY STYLE
|DETACHED HOMES||SEMIS & TOWNHOMES/ TOWNHOUSES||CONDOS APARTMENT-STYLE|
HAMILTON EAST SEMIS SEMI DETACHED HOMES
|EAST HAMILTON||AVG. LISTING PRICE||AVG. SELLING PRICE||$/Sqft||AVG. DOM/DAYS ON THE MARKET|
|SEMIS, SEMI DETACHED HOUSES||$369,428||$361,774||$327||29|
AVERAGE SEMI DETACHED PROPERTY IN EAST HAMILTON STAYED 29 DAYS ON THE MARKET AND THE SELLING PRICE WAS $361,774.
CONTACT WALDI AND MARGARET NIBURSKI HERE...FOR THE FULL LIST OF SEMIS CURRENTLY AVAILABLE FOR SALE IN HAMILTON ONTARIO.
EAST HAMILTON TOWNHOUSES
TOWNHOMES OF HAMILTON EAST
|EAST HAMILTON TOWNHOMES||LISTING PRICE||AVG. SELLING PRICE||PRICE $/SQFT||DOM DAYS ON THE MARKET|
|CONDOS, CONDOMINIUMS TOWNHOUSES||$329,900||$356,720||$283||29|
MOST TOWNHOMES IN EAST HAMILTON SOLD ABOVE ASKING PRICE MOSTLY BECAUSE ITS IS STILL VERY AFFORDABLE REAL ESTATE OPTION. PRICE PER SQFT IS AROUND $280.
FOR THE LIST OF HAMILTON TOWNHOUSES CURRENTLY OFFERED FOR SALE CONTACT US HERE...
EAST HAMILTON CONDOMINIUMS
CONDOS APARTMENT STYLE PROPERTIES
|EAST HAMILTON||AVG. LIST PRICE||AVG.SELLING PRICE||PRICE PER SQFT||DOM DAYS ON THE MARKET|
|APARTMENT STYLE CONDOS||$226,662||$223,149||$240||34|
THE APARTMENT STYLE CONDOMINIUMS ARE THE MOST AFFORDABLE OF ALL THE PROPERTIES. CONTACT US FOR A FULL LIST OF CONDOS CURRENTLY AVAILABLE FOR SALE IN HAMILTON ONTARIO.
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.
PLEASE CONTACT WALDI & MARGARET NIBURSKI FOR STATS AND INFO REGARDING DIFFERENT
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.