Hamilton, Halton, Burlington & Niagara Real Estate Stats

Find Out What’s Happening in the Real Estate Market in Hamilton, Halton and Niagara

RAHB jurisdiction covers approximately 2,500 square kilometres including Hamilton Centre, Hamilton Mountain, Hamilton East, Hamilton West, Ancaster, Waterdown, Dundas, Burlington, Flamborough, Stoney Creek, Glanbrook, Grimsby, West Lincoln, Lincoln, Bismark, Caistor Centre, Caistorville, Grassie, Smithville, Beamsville, Caledonia, Dunnville, Hagersville, Silverdale, Wellanport, St Anns, Rainham, Oneida, Beamsville, Campden, Jordan, Jordan Station, Vineland, Vineland Station and other small communities on the shores of Lake Erie.

April 2020 – The Hamilton Real Estate Market Trend Report is brought to you by The Golfi Team Realty. These Statistics were released by the REALTORS® Association of Hamilton-Burlington (RAHB) and is a monthly review of the statistics and Market outlook for March 2020.  We will cover areas such as Hamilton, Flamborough, Dundas, Ancaster, Waterdown, Stoney Creek, Glanbrook, Burlington, Dunnville, Cayuga, Caledonia, Hagersville, Oneida, Seneca, Rainham, Smithville, and West Lincoln. Hamilton housing market predictions 2020.

The chart below demonstrates MLS® RAHB All Residential Comparison at a glance.  In Burlington, the average sale price is up $104,406 from March 2019, new listings are down 27, and average days on market are down 14.7.  In Haldimand County, the average sale price is up $56,778, new listings are down 27, and average days on market are up 9.8. In Hamilton, the average sale price is up $84,055, new listings are down 70, and average days on market are down 10.3.  Finally, in Niagara North, the average sale price is up $44,379, new listings are down 34, and average days on market are down 12.9 from March 2019.

When comparing average price by property style, in Hamilton, the average price for detached homes are up $91,857, in Burlington average price is up $134,915, in Haldimand Country the average price is up $58,508, and in Niagara North the average price is up $61,805.  For Semi/Town/Row/Link homes average price is up across the board with the following increases: Hamilton +$69,414, Burlington +$112,177, Haldimand County +$3,958, and Niagara North +$42,752. Apartment-Style properties are also up across RAHB areas including the following increases from March 2019: Hamilton +$73,595, Burlington +$35,741, and Niagara North +$21,429.

Average Price by Property Type Mar 2020 for Hamilton, Halton, Burlington and Niagara North homes sold

 

RAHB Map of Hamiton, Halton, Burlington and Niagara North

New listings and sales have been affected by the onset of COVID-19, but the average price continues to increase.

“New listings and sales have been affected by the onset of COVID-19, but the average price continues to increase. We will have to wait for the April data to see the full impact on our market area,” says RAHB CEO Carol Ann Burrell. “RAHB REALTORS® are working virtually as much as possible to do their part to slow the spread of COVID-19, and are embracing technology to work with clients and close transactions remotely. If you are using a local RAHB REALTOR®, they are well-equipped to complete your property transaction during this uncertain time.”

“COVID-19 infiltrated our communities mid-month and slowed activity in the latter half,” said RAHB President Kathy Della-Nebbia.

We’re seeing new listings down in most areas and property styles with exceptions in Burlington and Haldimand Country Semi/Town/Row/Link homes (+1 for Burlington and +3 for Haldimand County from March 2019).  The sharpest decline can be seen in Hamilton Detached properties; down 58 listings from March 2019.

New Listings by Property Type in Hamilton, Halton, Burlington and Niagara NorthNew Listings and Average Sale Price March 2020 for Hamilton, Halton and Burlington Area Homes

 

The average days on market by property style, by area saw sharp declines in March 2020 versus the same period last year, except for an increase in Haldimand County detached properties of an average 12 additional days on market.

“New listings and sales have been affected by the onset of COVID-19, but the average price continues to increase. We will have to wait for the April data to see the full impact on our market area,” says RAHB CEO Carol Ann Burrell. “RAHB REALTORS® are working virtually as much as possible to do their part to slow the spread of COVID-19, and are embracing technology to work with clients and close transactions remotely. If you are using a local RAHB REALTOR®, they are well-equipped to complete your property transaction during this uncertain time.”

Average Days on Market by Property Style for Hamilton, Halton, Burlington and Niagara Homes for Sale

As you can see by the chart below, the number of sales and average sales price vary by area.  Contact a Golfi Team Sales Representative who has the experience, knowledge, and tools to help buyers and sellers determine which area and property type is right for you.

“January and February saw increases in sales and new listings, as well as average price. For March there was growth at the beginning of the month; however, COVID-19 infiltrated our communities’ mid-month and slowed activity in the latter half,” says RAHB President Kathy Della-Nebbia. “Our REALTORS® work to be a part of the solution in the fight to flatten the curve, all the while servicing clients who are in great need of their assistance. We are seeing the impact on our market activity and expect to continue to see a slowing of the market as our communities focus on this unprecedented fight.”

March 2020 Market Activity for Hamilton, Halton and Burlington Real Estate Properties Sold

Average Residential Price by District for Hamiltom, Halton, Burlington and Niagara North

Looking at the Average Residential Price by district in the Hamilton, Halton and Niagara North Service areas, you can see an overview of the price of homes. This is a great overview map of Homes Prices.

Top 3 Real Estate Stats for March 2020 as reported by RAHB

Click here to download your Free Residential Market Stats & Activity Report for Hamilton, Halton, Burlington & Niagara North March 2020

 

Niagara South Real Estate Stats

NAR® (Niagara Association of REALTORS®) jurisdiction covers Lincoln, St Catharines, Niagara-on-the-Lake, West Lincoln, Pelham, Thorold, Welland, Niagara Fals, Wainfleet, Fort Erie & Port Colborne.

Find Out What’s Happening in the Real Estate Market in Niagara South

The following is a review of the Niagara Association of REALTORS® MLS® Residential Market Activity for March 2020.

NAR (Niagara Association of Realtors) stats for March 2020

Sales activity for the March 2020 was down 7.3% versus March of last year, with 456 sales overall.  Total new listings were down 7.7% and active listings experienced a steep decline of 20.8% due to the current pandemic.  The average price in the Niagara Region was up 13.7%, averaging $483,449.

Single Family Home sales fell by 51 sales in comparison to the same month last year.

NARS Sales Activity March 2020

In contrast townhome sales rose by 14 homes versus March 2019.

NAR - Niagara Sales Stats - Niagara - March 2020

Similar to single family, the apartment market dipped by 6 sales in March 2020.

Niagara Region Real Estate Stats March 2020

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