Keep It Real, Hamilton
Your Hamilton Area Real Estate 'Blog
By Jeff Bonner, Sales Representative
with Jag Realty Inc, Brokerage
KIRH Home |
JeffSellsHomes.ca
Real estate prices in Hamilton's
major suburbs on decline?
Real estate in Hamilton's major suburbs appears to be on a downward trend based on price information in local MLS® statistics released regularly by the REALTORS® Association of Hamilton-Burlington.
As seen in the chart above, prices have been on a downward slope over the last 12 months in Ancaster, Dundas and Stoney Creek. While the latter two look like only a small slide that could be reversed easily, Ancater's decline looks more significant.
It is hard to say, however, whether this is a longer-term change in value or simply a shift in demand to more affordable homes and townhouses.
These areas will definitely need to be watched into the new year to see if the trend reverses itself as the Spring market approaches or if the dampened pricing continues. We will also take a closer look at the types of properties selling over the course of the full year to see if that may be affecting the average price.
If you have any questions about the real estate market, or real estate in general, please call me at 905-512-4069 or email Jeff@JeffSellsHomes.ca
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