A few busy months have shown that real estate activity has not slowed down around Hamilton City.
From the REINZ statistics that were issued on April 14, we know that the median price in the area was $620,000 for the month, up over 8% on the same time last year. The number of sales for March decreased by just 2 when compared to last year however we could probably attribute this in part to how quickly we entered Alert Level 4 and the lockdown that came with it.
Of the sales achieved for the month, 17% were $500,000 or less and nearly 5% of the sales made were properties over $1,000,000. This shows the varying types of property we have around the city and that there is something for everyone whether they are first home buyers, investors, downsizers or upsizers.
Although we’ve had some great record-breaking months in our city, we are now headed into a time of uncertainty and we cannot be sure how the real estate market will react to the COVID-19 lockdown. Even though we may not be able to meet you face to face for some time, there are other ways for us to do business with you, just not in the ways that you’re used to.
So, if you’ve fallen in love with a property and want to make sure that you get in with an offer before anyone else does, let us know. If you’ve decided that you need to put your home on the market so you can be closer to family or in a smaller home, let us know. Most of our transactions can be done by electronic means and our people are on board to help you out. We’re in this with you for the long haul and if we can do anything at all to help you during this strange and unprecedented time, we will.