July 2018 Hamilton Real Estate Stats
- Robert Cekan
- 25 Aug 2018
The REALTORS® Association of Hamilton-Burlington (RAHB) reports that 1,009 residential sales were processed through MLS® for July 2018 in the Hamilton region — a drop of 6.4% when compared to July of last year.
The average price of all residential listings in Hamilton, however, went from $473,684 a year ago to $509,639 — that’s a healthy increase of 7.6%.
The median sale price, which minimizes the impact of outliers such as 8-figure mansions, increased from $429,400 in 2017 to $480,000 in 2018, or about 11.8% which is large gain for a single year. Keep in mind that these are benchmarked against the deflated summer prices following Ontario’s Fair Housing Plan.
When looking at regional activity, we see nearly all regions of the Greater Hamilton Area (GHA) recovering well since the new regulation hit last year’s summer market. The only regions still priced lower than last year are Ancaster, Grimsby, and Dunnville.
With some bidding wars returning and prices continually trending upward over the past few months, it’s clear by now that the spring market did in fact get pushed to the summer.
If you’re interested in purchasing a property, check out our special partnership with select local REALTORS® to see how you can earn $1,000 cash back on your next home purchase! Learn more »
If you’re looking to sell your home, one of our partner REALTORS® will list your property for $4,500 flat. That’s less than 1% for the average Hamilton home! Learn more »
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