The sale of detached properties in the region was down 25.5 per cent from June 2022 and off 37.3 per cent compared with the same time last year, pointing to some apprehension last month for buyers to spend big.
A detached home in Hamilton was worth only one per cent more year over year, checking in at an average of price $861,194.View image in full screenThe realtors association says homes costing more than $1 million in the Hamilton area are in Flamborough, Ancaster and Waterdown as of July 2022. The average price in Burlington is up again year over year from around $1.04 million to $1.14 million.
An average apartment-style unit is up 14 per cent month over month in Burlington checking in at $716,303 this past July, up 28 per cent from the same period last year.In terms of supply, Piriano says apartment-style properties finished July with the highest inventory levels compared with other property types, pointing to more choice and negotiation power for buyers.
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