Market Snapshot for Greater Hamilton Area Districts
Total Sales: 46
Average Price: $233,606
YTD Average: $268,028
Avg Days On Market: 57
* Sales volume dropped significantly (less than half usual) for the holiday week, making it probably the "ugliest" week of the year from a sales perspective
* Average sale price for this week was well below average
* Average time on market continued to be above the typical 45-55 days
Note: For this report, the "Greater Hamilton Area" includes Hamilton, Ancaster, Dundas, Flamborough, Glanbrook and Stoney Creek districts.
This "snapshot" only shows what the market is doing in a short time period, and is susceptible to typical weekly fluctuations, so it should not be given great consideration in predicting what the market will do, even in the short-term.
It is also important to remember that this average price reflects what the overall market is doing, but does not show what any one property is worth or what sales prices are like in a specificarea or neighbourhood.
Contact me for your free no-obligation consultation if you'd like to know what your property might sell for. Call 905-512-4069 or email Jeff@JeffSellsHomes.ca