Hot Hamilton & Niagara Sellers Real Estate Market! When will it Stop?…
…I’ve analyzed the August sales data and you don’t want to miss this month’s market update!
…Even with the pandemic, home ownership is still very much on the minds of Hamilton, Burlington and Niagara families.
🤔 If you’re like most people, you’re wondering:
Is it a good time to sell? or…
Is it a good time to buy? or…
What’s happening with home prices?
Hamilton 📈 📉
In the Hamilton-Burlington region, sales are down 21.17% month-over-month and up 12.7% year-over-year. New listings are down 16.1% over July 2020 and up 7.3% over last August. The average price for residential properties was $694,690, which is up 0.24% from last month and up 16.3% year-over-year. The number of active listings for the month was down 18.6% over last year.
Niagara 📈 📉
The Niagara region experiencing a surge in year-over-year sales activity of 38.1%, and are up 43.3% month-over-month.The average selling price for a home in the Niagara region is $583,605, a year-over-year increase of 23.2% and a month-over-month increase of 0.32%. The number of active listings for the month was up 8.1% over last year. Niagara Region housing prices continue to climb as buyers leave Toronto in search of space.
But IMPORTANT things to note are…
– The market still continues to be favourable for sellers in Hamilton and Niagara as the inventory remains low and buying options are limited.
– Retirees, as well as remote workers coming from the GTA have boosted the demand for housing in Niagara.
– 📈 We are in a very strong Sellers Market!
It’s critical that home sellers DON’T rely on…
…the tired, outdated marketing techniques that most agents are still using today.
High quality video and tactical digital marketing are ESSENTIAL to make your home stand out.
Here at The Golfi Team Remax we’ve been leading the way with:
✅ Best-in-class video, and
✅ Digital marketing…
…to bring our clients exceptional results for years.
😊 That’s a key reason why The Golfi Team Remax is #️1 in sales in Hamilton and Niagara
…because of our ability to adapt despite the current economic uncertainty
If you have any questions about buying or selling a home in this constantly evolving market, don’t hesitate to reach out!
Call / Text 905-575-7700. You can reach us by email at email@example.com or at www.robgolfi.com
Listen to our Hamilton and Niagara Real Estate Show below for all the current stats, trends and Market Updates….