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September Real Estate Market Stats

Hamilton's September Real Estate Market Stats for all properties

September Market

 

 

I think there was some talk about September being one of those “through the ceiling” months in sales within Hamilton Burlington Real Estate Board.

 The graphs, summarize, and indicate half of all homes sold were priced between 200,000 and 400,000. This segment of the market is either;

1/entry or first time buyers on the Mountain and

2/ second home move up crowd.

What is surprising is the 16% share of the upscale market homes, over 600,000. That is a large chunk of the market.

Two storey homes are most popular and account for half of all sales but the bungalow, driven by demographics of an aging population are  large 27% of all sales.  If you are a renovator and renovate a bungalow, but renovate well and professionally, they are selling like crazy.

In the commercial sales sector, the multi-residential market is pretty significant but I think these stats are misleading as a lot of people are selling/buying homes without a legal use as multi-family and they are cycled through residential listings, instead of multi-residential.