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What is the sales data showing for your style of home year-to-date in 2019?
Our #MarketByDesign report shows that most styles of home have seen anywhere from a slight increase over the same time frame in 2018 to up to a 17% increase in 2.5 storey homes in the Hamilton-Burlington Region. The only style that showed a drop in average sale price is 1.5 Storey Condominiums, however this is due to the fact that the 2018 numbers average a range of sale prices from $429,999 to $1,049,000, compared to $199,900 to $629,900 in 2019. Overall growth is the overarching story in general so far in 2019.
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Modest price increases are expected in 2019, as the RE/MAX 2019 Housing Market Outlook estimates the average sales price to increase by 1.7 per cent. Housing markets across the country have stabilized in 2018, after the unprecedented increases in average sales price that many markets experienced in 2017. However, there continue to be some outliers in 2018 average sales price gains, particularly in areas outside of the main city centres, such as Chilliwack (+ 13%), Windsor (+13%), London (+17%) and Charlottetown (+11%).