With down town revitalization, multiple new condo projects in the works, bus loads of out of town buyers, migrants and investors, Hamilton Real Estate Prices have been steadily climbing over the past five years.
Has the market topped out? For investors seeking a minimum of a six percent return on their hard earned cash, most likely it is near a peak.
The rise in prices has also shell shocked locals. Although many would like to move up, or move down, and even though their homes have increased in price, the increase will be reflected in their purchase, so many are choosing to stay put.
Hence a really dry supply of listing throughout 2016 and a difficult market for entry level buyers.
Hamilton still remains affordable, and connected to all major centers and transportation routes, indicators of prosperity in years to come.
My crystal ball says the market will continue to gain in value but the frenzy of low inventory and high demand will slow down by the end of the year.
I certainly look forward to it!
How much should I list for?
No website or clairvoyant internet guru can tell you what your home is worth from a remote location, comforts of their office and never having seen it.
I've been selling real estate for 25 years and I know the Hamilton Area Real Estate Market, because I am in it, daily.
If real market value of your home in today's economic climate is what interests you, please complete form below:
I've been selling real estate in Hamilton for about 24 years and I know Hamilton inside and out. One of my favorite spots to stop and chill out for a minute or two is James Street North. James Street North was once affectionately regarded as Hamilton's Little Italy or Little Portugal due to the predominately Portuguese, Italian, Eastern European and Latin American immigrants who made the area their home and you can see their influences everywhere, in the gardens of nearby homes, the fish shops, grocery stores and restaurants.
The area is quirky and artsy. It's now the hub of the Art Scene in Hamilton. It is an Art Lovers paradise with galleries and boutiques lining the streen. The Art Scene is so large that even the Art Gallery of Hamilton has got on board and is opening a store on James Street North. And there are great restaurants and cafes leading up the the beautiful West Harbour water front. Stroll to galleries, to great restaurants, cafes and live a life just a little more relaxed. Walk to the West Harbour, hike, bike, canoe and fish on the lake.
I seldom miss the Art Crawl, held second Friday of the month. The street closes down, galleries open their doors late into the night, the atmosphere is just so electric, it reminds me of New York's West Village. For more info check out Hamilton Artists Inc. or James North Art Collective
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To make the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move.
One thing is for sure; we all know that we need a roof over our head.