What they sold for: A look at local house prices in May
A $4-million home sold in Burlington last month was the highest-priced property that changed hands in the Hamilton-Burlington area in May. The top three most expensive homes sold locally by members of the Realtors Association of Hamilton-Burlington were all in Burlington, and went for between $2 million and $4 million.
Burlington in May 2020 saw an average price of $834,808, with the average detached price just over $1 million," said RAHB president Kathy Della-Nebbia. Burlington is a very in-demand community."
In Hamilton proper, May was the first month in several that none of the top three home sales were in Ancaster. This time, they were located in Flamborough, Stoney Creek and Waterdown, and ranged from $1.25 million to $1.6 million.
At the low end, the area's bottom three sales were all between $128,000 and just over $130,000. While Della-Nebbia says she can't share details of specific property sales, she said two were more than likely" modular homes in Flamborough. The third, on Hamilton Mountain, was more than likely an apartment-style property, which are typically lower priced compared to towns or detached."
She says the province's move to reopen some of the economy has improved activity in the market. If it continues, and weather co-operates, we may see increased activity into June."
Here's a look at a couple houses that sold locally in May, and what the sellers got.
Strabane: $701,000
Address: 1616 Brock Rd.
Nearest main intersection: Brock Road and Concession 8 West
Asking price: $684,900
Selling price: $701,000
House size: 1,012 square feet
Lot size: 22,080 square feet
Taxes: $3,502 in 2020
Bedrooms: 3
Bathrooms: 2
Sold: May 22
Closes: July 16
Main Floor: Living room, dinette, kitchen, master bedroom, other bedroom and bathroom
Basement: Bedroom, rec room, second recreation room, bathroom and laundry room
Listing agents: Drew Woolcott, RE/MAX Escarpment Woolcott Realty
After 36 years living here, the sellers of this property got their first offer on their tidy bungalow after a few hours on MLS. Three offers followed within a day, and within two days of listing - even during a pandemic - the owners had accepted an offer that was above asking.
With two rec rooms and a large lot, this property seems primed for the era of social distancing, and is a fairly easy drive to Hamilton, Burlington, Cambridge and more. The main floor includes a living room, dining room and kitchen with an island. Downstairs is a family room with an electric fireplace, and out back is a large deck, an above-ground pool and two sheds, including one with electricity.
Waterdown: $525,000
Address: 24-54 Nisbet Blvd.
Nearest main intersection: Hamilton Street North and Nisbet Boulevard
Asking price: $499,900
Selling price: $525,000
House size: 1,323 square feet
Lot size: 837 square feet
Taxes: $3,884 in 2019
Bedrooms: 2
Bathrooms: 2
Sold: May 13
Closes: June 26
Main Floor: Foyer and laundry room
Second floor: Great room, dining room, kitchen and bathroom
Third Floor: Master bedroom, second bedroom and bathroom
Listing agents: Drew Woolcott, RE/MAX Escarpment Woolcott Realty
This townhouse north of Parkside Drive in Waterdown advertised nine-foot ceilings, a large living and dining area and patio doors to a private terrace. The upper floor features a large linen closet in addition to a walk-in closet in the master bedroom. In the kitchen, residents can enjoy a breakfast bar, pendant lights and stainless steel appliances.
This unit spent a day on MLS before hosting six showings, getting five offers, receiving a firm offer and selling above asking.
Compiled from information that is publicly available. Send recent home sales to home.sales.hamilton@gmail.com. Not all submissions can be used.