09 Oct Hamilton Burlington Real Estate Update – September 2019
THE September 2019 REAL ESTATE MARKET UPDATE AND STATISTICS FOR HAMILTON AND BURLINGTON ARE HERE!
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In September 2019, the REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,020 sales of residential real estate located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System. September sales are down from August and July, but are up over September 2018 by 3.2%. The average price for residential properties increased by 8.5% from September 2018 to $609,562.
STATISTICS BY PROPERTY TYPE
Burlington saw an increase in the average sale price for detached, townhomes, and apartment-style homes.
Hamilton also saw increases across all property types, though apartment-style homes showed a non-significant increase in average sale price.
Haldimand County saw an average sale price increase for detached homes, but a decrease for towns and apartment-style homes.
Niagara North saw a decrease in the average sale price for detached homes, but an increase for towns and apartment-style homes.
Specific neighbourhoods within the RAHB area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local REALTORS® have the experience, knowledge and tools to help you make those decisions.
Average sale price can help establish long-term trends, but doesn’t necessarily mean that a specific property’s value has changed. Talk to your local REALTOR®.