Hamilton a hotbed of development

Hamilton has been experiencing increased development in the lower city area, spurred on by a new GO station and multiple condominium developments. There are also multiple, new subdivisions under construction with demand being very strong as evident by the number of quick sellouts. Year over year the median sale price in Hamilton was up 13.6% to $473,924 in September 2016 vs. $417,095 in September 2015. Home sales topped the one thousand mark again in September reaching 1,035 sales—just slightly lower than the 1,093 recorded in August. Inventory in September eclipsed the August result; 1,476 homes vs. 1,364. Average days on market was unchanged at 24 days.