Friday, July 26, 2019     Marion Goard     Real Estate Market

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Two infographics released yesterday and shown below, reveal the hottest housing markets within Hamilton and Burlington, evidencing how most nieghbourhoods in both cities are sizzling sellers markets and which are not, as hot, or in rare cases, favor buyers.

Both Hamilton and Burlington have seen explosive growth over the past decade, with 147% growth for Hamilton and 31% for Burlington and demand continues to rise. Sources indicate “Surging demand in these cities is likely driven in part by their comparable affordability; despite home prices more than doubling over the past decade in each, the average hit $526,762 in Hamilton and $738,905 in Burlington in June – considerably lower than the average of $915,481 in the neighbouring City of Toronto.”

Although significantly lower house prices than Toronto are certainly attractive and may indeed be a large contributor driving-up interest in both cities, buyers are now more likely to face steeper competition, “as new data reveals Hamilton and Burlington remain steeped in scorching sellers’ markets.”

Burlington’s Hottest Neighbourhoods – Infographic

Most Popular Hamilton Markets Located On Mountain – Infographic

Curious what your house is worth or thinking about selling? Call or email me today for a free consultation and home evaluation!
905-330-5201 or mariongoard@kw.com

Original source: https://www.zoocasa.com/blog/buyers-sellers-markets-hamilton-burlington-june-2019/


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Testimonials

  Marion had completed a number of sales in our community -- and she had worked very hard to have a professional and supportive presence there. When we first contacted Marion, we were a long time away from wanting to/being able to take action. She worked with us throughout this period and provided very helpful market research. along with specific information about prospective properties for us once we were ready to sell. The production of sales material on our home was creative and impressive. She was able to capture its special features, and showcased beautifully the expansiveness of the property. We enjoyed working with Marion. She was patient and supportive and understood that the second half of our initiative (the purchase) was just as important as the first. Thank you, Marion.

Carol Kalbfleisch, Burlington

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