As you can see, house prices in the Hamilton area have risen approximately 4-5% over the past year. This was, of course, before all the hiccups in the US but still bodes well for those looking for assurances.
Flamborough leads the pack with a whopping 40% increase in price but much of this is due to new housing in the Greensville area and developments closer to Waterdown. Waterdown, itself boasts the highest decrease in house prices, much of which can be credited to the change in new build home types last year.
Some prices are decieving. For example, try finding more than a handful of homes in Dundas under $280.
|
Area
|
Average Price
|
Change in Average Price
Between Aug 07 - Aug 08
|
|
Hamilton West
|
$240,377
|
9.6%
|
|
Hamilton Centre
|
$136,552
|
4.1%
|
|
Hamilton East
|
$186,606
|
4.2%
|
|
Hamilton Mountain
|
$216,345
|
-2.3%
|
|
Burlington
|
$367,259
|
4.7%
|
|
Ancaster
|
$404,166
|
-4.6%
|
|
Dundas
|
$276,175
|
5.6%
|
|
Flamborough
|
$490,137
|
40.6%
|
|
Waterdown
|
$302,104
|
-10.8%
|
|
Stoney Creek
|
$270,184
|
3.5%
|
|
Grimsby
|
$263,474
|
-4.9%
|
|
Glanbrook
|
$318,748
|
7.3%
|
Robert J. Morrow is editor of www.HamiltonHomeReview.com, Greater Hamilton's online real estate magazine. Click here for a FREE SUBSCRIPTION sent to your email monthly. Click here to receive new Hamilton area listings in your email daily.
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