Hamilton Real Estate Market Report for April 2018
Spring Market in Hamilton for April 2018
April 2018 showed 2189 New Listings come on the Hamilton Real Estate Market from ALL Property Types (2040 From Residential Only).
This is 10.5.0% LOWER than April 2017 (10.6% lower for Residential Only), and 5.2% lower than the 10-year average, as reported by The REALTORS ® Association of Hamilton-Burlington (RAHB).
All Residential Only Sales of 1144 Properties were down by 31.0% from the same month last year. The Average Residential Sales Price of properties sold through the RAHB Multiple Listing Service® (MLS) system in April 2018 was $545,670 compared to $609,192 the same month last year, a decrease of 10.4%. That is broken down between Residential Freehold Average Price of $583,245 (down from $651,947 in April 2017) and the Condominium Average Price at $413,340 (down slightly from $415,651 in April 2017).
The end of month listing inventory shows 2132 Freehold Residential Properties left for sale, up 59.9% compared to 1333 still available for sale at the end of April last year. Average days on the market increased from 14 to 26 for Freehold in April this year, and from 15 to 29 for Condominiums.
Overview Of Hamilton Current Average Year To Date Prices
The map below shows the current Year to Date Average Residential Prices. Some of the areas not included in the map below are…
| Burlington $722,351 (up from $714,776) |
| Flamborough $735,208 (down from $748,293) |
| Waterdown $631,602 (down from $636,839) |
| Grimsby $563,335 (up from $550,319) |
| Caledonia $453,507 (down from $457,871) |
| Cayuga $476,454 (down from $503,929) |
| Dunnville $407,659 (up from $397,638) |
When looking at the Average Prices in and around Hamilton, it is important to note how they have changed significantly over the last year and even now from month to month. If you are thinking of selling your house or condominium, get the most up to date, LOCAL information. A Market Evaluation and/or a Mortgage Pre-Approval done even a couple of months ago MUST be updated!
For More info on Hamilton Area Market Statistics Click Here
