WALDEMAR NIBURSKI
905-536-7474
and
MARGARET NIBURSKI
905-869-5111

Sales Representatives

Sutton Group Innovative Realty Inc, Brokerage

office:905 575-7070
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Best Fixed - 1 year
2.79%
Best Fixed - 2 year
3.14%
Best Fixed - 3 year
2.99%
Best Fixed - 4 year
2.89%
Best Fixed - 5 year
3.04%
Best Fixed - 10 year
3.79%
Best Variable - 1 year
3%
Best Variable - 3 year
3.55%
Best Variable - 5 year
2.45%

HAMILTON MOUNTAIN REAL ESTATE

2018 PROPERTY FORECAST HOUSE PRICES

HOMES AND CONDOS FOR SALE

 HAMILTON MOUNTAIN REAL ESTATE HOUSE PRICES 2018 PROPERTY FORECAST

AS SHOWN ABOVE AVERAGE HOUSE PRICE ON HAMILTON MOUNTAIN IN 2017 WAS $464,368 WHILE A YEAR EARLIER -$400,379.  

THIS IS ALMOST 14% PRICE INCREASE WITHIN A YEAR.

BETWEEN 2006 AND 2017 THE PRICE INCREASED BY 55 PER CENT!

MAY 2018:

FOR DETAILS PLEASE CONTACT WALDI & MARGARET NIBURSKI

The latest RAHB statistics reported that the sales in May 2018 were down close to 30%. 

The average price of freehold properties as well as condos declined.

hamilton mountain house prices ontario may 2018 real estate

 

hamilton mountain real estate house prices homes for sale 2018 property forecast west mountain hamilton ontario real estate house prices homes for sale 
 SIDE SPLIT ON WEST MOUNTAIN  SEMI DETACHED HOMES ON WEST MOUNTAIN

Hamilton housing (with Hamilton Mountain being a prime example) market rode a real rollercoaster in 2017. 

The first few months of 2017 were very frenzy with homes sold for prices much higher than the asking prices. It truly was a red hot market.

Then in April, provincial government introduced some measures to cool the market down. Hamilton real estate market went from a strong, prolonged sellers market (with the average time to sell the property was 14 days) to a more balanced market. 

Since April 2017 house prices in Hamilton are on decline trend. Sales since April were down and listings are

up.

 

hamilton mountain house prices real estate homes for sale 

 

MOST POPULAR STYLES OF HOMES ON HAMILTON MOUNTAIN AND THEIR PRICES IN 2017.

   STYLE OF HOME    LIST PRICE    SELLING PRICE      PRICE PER SQFT    DAYS ON THE MARKET  
BUNGALOW     $423,054    $441,201    $431    17  
       2 STOREY    $602,581    $614,306    $308    25  
           

 

PLEASE CONTACT WALDI & MARGARET NIBURSKI FOR STATS AND INFO REGARDING DIFFERENT

STYLES OF HOMES IN HAMILTON AND THEIR PRICES PER SQUARE FOOT.

 

 

HAMILTON MOUNTAIN REAL ESTATE HOMES CONDOS FOR SALE HOUSE PRICES   hamilton mountain real estate house prices homes for sale
 LUXURY HOME ON WEST MOUNTAIN  LUXURY PROPERTY ON HAMILTON MOUNTAIN

 

MOST POPULAR TYPE OF HOMES ON HAMILTON MOUNTAIN AND THEIR 2017 PRICES

PRICES PER SQFT ON HAMILTON MOUNTIAN

  TYPE OF HOME   LIST PRICE   PRICE PER SQARE FOOT   SELLING PRICE    DOM  DAYS ON THE MARKET
  DETACHED   $479,854   $372   $494,277     21
  SEMIS SEMI-DETACHED   $386,506   $345   $400,562     18
  TOWNHOUSE   $358,097   $280   $367,158     20

 

WEST MOUNTAIN HAMILTON ONTARIO HOUSE PRICES HOMES FOR SALE PROPERTY FORECAST 2018  HAMILTON MOUNTAIN REAL ESTATE HOMES FOR SALE HOUSE CONDO PRICES 
 FREEHOLD ON HAMILTON MOUNTAIN  TOWNHOUSES ON WEST MOUNTAIN

 DIFFERENT TYPE OF HOME OWNERSHIP ON HAMILTON MOUNTAIN AND THEIR PRICES IN 2017

CONDOS VS FREEHOLDS AND THEIR PRICES PER SQFT:

   TYPE OF OWNERSHIP   LIST PRICE     SELLING PRICE    $/SQFT    DOM DAYS ON THE MARKET
   FREEHOLDS    $472,071   $486,382    $368    21
   CONDOMINIUM TOWNHOUSE    $336,253    $344,680    $271    19
   CONDOMINIUM APARTMENT    $209,121    $209,100    $276    27

 

END OF THE YEAR HOME & CONDO PRICES IN HAMILTON ONTARIO

CLICK HERE...FOR 2018 HAMILTON ONTARIO PROPERTY FORECAST

HAMILTON ONTARIO REAL ESTATE HOME PRICES MARKET TRENDS 

 

3 THINGS TO EXPECT IN HAMILTON MOUNTAIN HOUSING MARKET IN 2018:

1. Ancaster housing market was a strong Seller Market for a long time.  In 2018 we can see the same trends to continue. Buyers will take longer to purchase the property.  Homes will stay longer on the market. It will be a balanced market. The number of sales may decrease in comparison to 2017 and the number of listings will increase.

2. We can expect some impact of the stress test that every buyers will  have to pass on their mortgage application starting January 1st 2018.  Banks will qualify the buyers based on whether they could still afford their monthly payments if interest rates were 2 per cent higher. This could allow fewer buyers to qualify for loans. This plus hike in the interest rate (Bank of Canada already hiked the interest rate by 0,25%) could bring prices of homes in Ancaster lower as sellers find fewer buyers be able to pay premium prices for their properties.

To qualify, buyers might have to lower their prices range by 15%-20% and consider different, cheaper neighbourhood. 

3.We predict that house prices in Ancaster might slightly decline in 2018 however, it will not be a significant drop.

HAMILTON ONTARIO REAL ESTATE HOUSE PRICES HOMES FOR SALE PROPERTY CONDO FORECAST 2018

PLEASE CONTACT WALDI & MARGARET NIBURSKI FOR ALL YOUR REAL ESTATE NEEDS IN HAMILTON ONTARIO.

WALDI AND MARGARET NIBURSKI REALTORS REAL ESTATE AGENTS IN HAMILTON ONTARIO

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