December 2012 confirmed the trends from the previous months. There was an increase in the average sale price comparing to the same period 2011 but there was less listings and fewer sales reported than last year.
In Hamilton and areas we do not expect to see the problems with condo market as the prices for condos in Hamilton are still very affordable!
Fewer listings on the market, steady increase in the average prices and shorter time for the listings to sell ( average days on market DOM dropped from 58 days to 55 days for residential freeholds and from 60 to 52 for condominiums) are indicators of the sellers market.
The numbers in tables below represent stats for the month of December 2012 in comparison to the previous year. Please also be aware that order to establish housing price trends in Hamilton one has to refer to more detail stats. for every area and community of the the City (eg.Ancaster, Dundas, Stoney Creek, Hamilton Mountain, Hamilton East etc) For your convinience we will also analyse the data in all the areas.
Average Sale Price
Average Days On Market
The average sale price for the Freeholds only in Hamilton and sourrounding area by the end of the 2012 was $352,544 a 6 per cent increase from the same time in 2011.
The average sale price for the condominium in December 2012 was $264,870.
Ancasteraverage sale price at the end of 2012 was $473,878 a great 13.7% increase from the end of 2011!
Dundas average sale price in December of 2012 was $329,267 with no change to a previous year.
Stoney Creek reported small decrease in the average sale price falling down from $290,994 in 2011 to $283,225 in December of 2012
Hamilton Mountain as well shows a small adjustment in average sale price from $266,384 to $264,628 in December of 2012.
Hamilton West reports nice increase in the average sale price of 13 per cent to $294,374!
Hamilton East however, shows a small decrease in an average sale price from $211,101 to $191,948 at the end of 2012.
Hamilton Centre shows a healthy growth in its average sale price from $143,998 in 2011 to $162,613 which equals 13% increase within a year!
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