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Hamilton, Halton & Niagara – Low Volume of Real Estate, High Volume of Buyers

May 31, 2020

 

 

If you’re under the $500,000 price range in Hamilton, Halton or Niagara, inventory is very low while buyers continue to flood the market.

This could quite possibly be the best time to sell your home…if you’re under the $500,000 price range

Currently, inventory is very low while buyers continue to flood the market.  Homes under $500k are going into multiple offer scenarios every day!

We have dozens and dozens of qualified buyers lined up and waiting to purchase your home.  We make selling during these challenging times SAFE and EASY due to our strong marketing plan and by using state of the art technology…

☎️ Call the Golfi Team TODAY to take advantage and get TOP DOLLAR for your home in this competitive market! 905-575-7700


2020 Real Estate Forecast

Re/Max is making a few forecasts this week about the real estate market for 2020. They suggest that a seller’s market will continue in Hamilton-Burlington with average prices climbing 3.8 per cent to $613,958.

A seller’s market is being forecast by Remax because of the relatively low amount of inventory in the Hamilton & Halton Regions— 1.9 months on the market average in Hamilton and 1.6 months in Burlington.  We have an uninterrupted flow of buyers still coming from the GTA looking for more affordable properties.

Hamilton

The hottest neighbourhoods in Hamilton next year are expected at the outer compass points of the city’s municipal boundary: Leckie Park, the Elfrida neighbourhood at the corner of Rymal Road and Regional Road 20, Fifty Point, the Winona neighbourhood on the city’s eastern border at Grimsby, and Waterdown West.

Burlington

In Burlington, the outlook describes Brant Hills, Central and The Orchard as areas that will continue to be in demand from buyers.

Specific mention is made of “a development freeze in downtown Burlington that might delay future developments.”

Niagara

A seven per cent gain is predicted in Niagara, where home prices are expected to hit $457,412 in 2020, after climbing 12.9 per cent last year.

Niagara, currently a balanced market in terms of available inventory, is expected to shift to a be seller’s market next year with “value-conscious consumers from the GTA buying in droves,” according to the Re/Max outlook.

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