Hamilton’s real estate inventory was on the upswing in March but the increase did little to lessen skyrocketing prices.
According to a report from the Realtors Association of Hamilton-Burlington, 1,701 new listings were added to the market in March, which represents a 65 per cent increase from February.
The report noted there were 2,074 sales of residential properties located within the RAHB market area (which covers Hamilton, Burlington, Haldimand and North Niagara) through the MLS last month which is a 63 per cent increase from February and a 53 per cent increase from March 2020.
The average price for a home was $872,368 which was up three per cent from February and up 32 per cent from March 2020.
“Hamilton has been an extremely popular city over the last few years, with many buyers looking to relocate from the Greater Toronto Area into a smaller city with more spacious homes,” said Lauren Haw, CEO of Zoocasa.
“This interest has only increased over the past quarter – and with limited inventory in February, it was a tough month for our buyers.”
The uptick in inventory may see less competition for properties in the coming months, Haw said, but only time — and the pandemic — can tell.
Here are some of the most expensive and least expensive homes in Hamilton that sold last month and what they sold for.
Located on the central mountain, this semi-detached home was listed for $519,900 and sold for $530,000. The house featured two bedrooms, two bathrooms, a partially finished basement and a fully fenced and spacious backyard.
This semi-detached house in downtown Hamilton was listed for $549,900 and sold for $535,000. It featured three bedrooms and 2.5 bathrooms, a spacious kitchen with newer appliances and a long list of updates to the exterior and interior.
This home located in a Flamborough retirement community was listed for $559,900 and sold for $550,000. It featured two bedrooms, two bathrooms, chef’s kitchen, a beautifully landscaped yard and upwards of 1,500 sq. ft. of living space.
This East Hamilton house was listed for $529,900 and sold for $590,000. It featured three bedrooms, 1.5 bathrooms, a massive back yard, parking for several cars and an ideal location close to highways, shopping and schools.
This Upper Stoney Creek semi-detached was listed for $637,000 and sold for $610,000. It boasted three bedrooms, two bathrooms, an updated kitchen and bathrooms, a big, fully fenced backyard with lovely landscaping and a big deck for entertaining.
This Dundas home was listed for $1,885,000 and sold for $1,820,00. This custom-built bungalow featured four bedrooms, three bathrooms, a bright, spacious kitchen with a massive island and ample storage and upwards of 3000 sq. ft. of living space.
Located in West Hamilton, this home was listed for $2,297,000 and sold for $2,265,000. The Hale House, as it is known, is a historically significant 1936 Art Moderne home built by Pigott Construction and designed By William Souter Architects. It’s simply breathtaking.
This beautiful Ancaster home was listed for $3,499,000 and sold for $3,275,000. This storybook estate located on 6.5 acres of mature land boasted five bedrooms, five bathrooms, a massive kitchen and laundry room, an outdoor kitchen, a screened-in porch and so much more.
This remarkable Ancaster mansion was listed for $3,699,000 and sold for $3,600,000. The home featured five bedrooms, nine bathrooms, three kitchens, a backyard oasis to die for, and more than 9,000 sq. ft. of completed, professionally deigned living space.
This Flamborough 98-acre estate was listed for $4,390,000 and sold for $4,150,000. It’s as luxury as you get with its own registered airfield and two hangars. Not to mention the seven-bedroom, five-bathroom, more than 7,000 sq.ft, home that epitomizes modern luxurious living.
— photos and data, including sold prices, courtesy Zoocasa