Hamilton, Halton, Brantford and Niagara Real Estate Stats
Calling all Buyers!
Sellers you’re still looking good.
If you’re contemplating buying a property before the new year, now is the time to hop on board.
To a certain degree, we are in a stand-still real estate market which means now is the time to buy. Prices will continue to stay stagnant this fall rolling into the winter and are likely to climb again in the new year. Come January through early Spring, buyers could potentially be paying 5-10% more than if they were to buy right now. The market is strong, and it will be even stronger next year. On the other hand, sellers who purchased prior to September last year, are sitting comfortably with an equity gain of 36-50% year-over-year, depending on the area – in other words, the market is taking a breather for sellers.
In most areas, sales increased from August to September of this year. Month-over-month, areas such as Hamilton, Burlington and St. Catharines saw a 2% increase in average sale price, while Brantford and Niagara Falls had a 1% decrease, Welland surprisingly saw a 6% increase and of course, Toronto saw a 7% increase.
Looking at September and August year-over-year, the average amount of homes sold decreased substantially by 30% on average across the board, leading us into a more balanced market similar to 2019. Although average sale price numbers for areas such as Lincoln appear to have skyrocketed at first glance, there are other important factors to consider such as having so many high-end homes sold in such a short period of time in that area. This will likely go back to a more normal average sale price in October.
If you would like to set up a private consultation with one of our expert agents in your area, please do not hesitate to call The Golfi Team.
Experience the Golfi difference!
Call 1-800-288-9184 today to find out how we can sell your home fast and for top dollar.