Hamilton, Halton & Niagara Real Estate Stats
THIS MARKET IS BANANAS!
The current real estate market is like Groundhog Day 2017! The market is still very much a sellers market with buyers continuing to be exhausted from multiple offer situations.
The REALTORS® Association of Hamilton Burlington (RAHB) reported 825 sales of residential real estate properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in January 2021. Sales were down 9.6 per cent over last month, but up 6.9 per cent over January of last year. New listings were up 47.3 per cent over December 2020 and down 16.2 per cent over last January. The average price for residential in Hamilton Burlington properties was $787,840. The Niagara real estate market skyrocketed with a major increase of 37% average residential sale price in January year over year.
January 2021 had 550 homes sold versus January 2020 with only 484 residential homes sold. The average sale price for residential in Niagara properties was
$658,977. A large part of this increase was city folks migrating to the beautiful Niagara Region.
Call today to find out how we can sell your home fast, and for top dollar – 1-800-288-9184.
ARE REAL ESTATE PRICES PEAKING?
Every 10 years, house prices double. It doesn’t matter if the market is up, down, sideways or flatlined. Don’t be afraid to buy a house when the prices are peaking because you’ll always do well, and it’s always lucrative in Canada. The major banks tell us real estate values will continue to increase through the first two quarters, levelling off in the summertime.
For now, it’s going to continue to be a crazy seller’s market, which if you own a house, congratulations, you just made a lot of equity.
Do you have any questions you would like us to answer? Send us an email: email@example.com.
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