We’re two months in to 2018 and the spring market is beginning to stir after a very crazy 2017!
The 2017 pricing bubble burst, but Hamilton average pricing of detached homes, unlike other areas, continues to outperform last years pricing! Like other areas, the number of sales remains low compared to the previous three years, as this market gets off to a slow start. What’s this mean in you’re a buyer? More selection and much less competition. An excellent time to buy! As a Seller? You’re still outperforming other market areas and will get more than last year. It just takes longer on the market to sell.
For non-detached homes, we see pricing stay above the average for 2017. The number of sales transactions are still down over previous years, but doing a bit better than detached homes. If you’re looking to sell or buy your property, it’s a balanced market and Hamilton is doing better than other areas for non-detached home sales.
So, when do you sell, or buy? Let’s talk, performance varies by area, so I can help you to time it right.