For those who LOVE Real Estate statistics, heres your fix for the month. The information discussed below covers the month of October 2016 vs the same month last year. Some of the numbers are STAGGERING!
Hamilton: October 2015 vs 2016
Burlington: October 2015 vs 2016
Hamilton Breakdown by Area
There are some very interesting numbers in the chart above. Although some of the average prices can be skewed due to a few high end sales these most of these numbers are a fair representation of the area. Below is a breakdown of the Increase for each area. Some of these increases are insane!
Hamilton West: 18.2%
Hamilton East: 39.4%
Hamilton Central: 24.9%
Hamilton Mountain: 30.4%
There you have it! In a nutshell; prices are up, inventory is low, lot of buyer demand despite the new mortgage rules.
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