Residential Market Activity
The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,906 sales of residential properties in April 2021. Sales were reported to be down 8 per cent compared to last month, and up 245 per cent from April 2020. When it came to new listings, there was a 3 per cent decrease since March 2021 and a 19 per cent increase over the same time last year. The average price of a residential property was reported to be $855,455 - this is a 2 per cent decrease when compared to the previous month. However, it's a 39 per cent increase when we compare it to the same time last year.
The above chart, Residential Market Activity, shows us how each neighbourhood in the Hamilton and surrounding areas did when it came to sales and what the average cost of a property was. When it comes to the area that had the most sales for April 2021 was the the Hamilton Mountain, with a total of 264 sales. The average price of a home was $736,847, Flamborough reported the highest average price of a home, $1,244,674 and had a total of 34 sales for April 2021. Ancaster also reported an average price of a home at $1,082,649 and a total of 106 sales. Now let's take a look at the map below and take a closer look at each neighbourhood.
Average Price by District
The above map, Average Price by District, illustrates each neighbourhood in the Hamilton and surrounding areas. The areas that we need to take note of this month that had the highest number of sales were; 17, 18, 42, 50 and 51.
Each of these areas had the highest number of sales for April 2021 and when you look at each of these areas you're also able to see what the average price was. Flamborough had the highest average price for a property at $1,244,647 and had a total of 34 sales. While area 51 had the highest number of sales with the total being 104 and had an average property price of $824,204. This area is within Stoney Creek. We're now going to review the final chart the, Hamilton Residential Table and get an even closer look at the numbers for Hamilton's real estate market for April 2021.
Hamilton Residential Table
Our final chart is the, Hamilton Residential Table, it's giving us an even closer look at the overall statistics for Hamilton. There were a reported 1,195 sales of residential properties in the Hamilton area, that’s a 250 per cent increase compared to the same time last year. The average cost of a property was $786,737, which is a 42 per cent increase compared to April 2020. The average days a property was on the market was 11.1 days, that’s 14 days less than the same time last year.
REALTORS® Association of Hamilton-Burlington April 2021 Statistics
The REALTORS® Association of Hamilton-Burlington reported a total of reported a total of 1,906 sales of residential properties in April 2021. When it came to sales, there was an 8 per cent decrease compared to the previous month but there was a 245 per cent increase compared to the same time last year. The average price of a residential property was $855,455, which is a 2 per cent decrease compared to March 2021.
When it came to the number of sales of detached single family homes, RAHB reported a 2 per cent compared to the previous month, and the average cost of a detached home was $953,365. Townhouses saw a 13 per cent increase in sales as well with an an average sale price of $712, 822. Apartment-style properties had 2 per cent decrease in sales and an average price of $583,373 -which is a 3 per cent increase compared to the same time last year.
“Since the pandemic began, the RAHB market area has been anything but predictable and each new month has brought historic highs and lows. The good news is, the RAHB market area is showing signs of stability and recovery with active listings increasing significantly once again month over month. We have to acknowledge that the impact of the COVID-19 pandemic distorts housing statistics when comparing year to year, so rather than looking at 2020 to 2021, our best insight comes from a month over month analysis.” - RAHB President Donna Bacher.
For More Information About These Statistics
If you're looking for a more in-depth matrix of these statistics, please refer to to the Hamilton Real Estate Statistics for April 2021.
Contact a Sales Representative at Judy Marsales
Do you have any questions about these April 2021 real estate statistics? Please contact one of our sales representatives at any one of out three locations and they will be happy to help. Finally, if you’re curious to know what your home is worth, now you can find out by trying out our What's My Home Worth calculator.