Posted on December 23, 2019 at 7:23 pm by & filed under Buying a Home.

As 2019 draws to a close, we want to send a big thank you to our clients, friends and family who supported our team through the year. It has been an incredible 12 months, and some of our highlights include: settling into our new renovated office, adding a more members to the team, connecting with the community at our food truck event, supporting charities that hold a place close to our hearts, and, of course, working with our incredible clients as they purchased and sold homes.
 
2019 was an interesting year in the real estate industry as we saw the Waterdown-Burlington-Hamilton markets bounce back from a sluggish 2018. Average home prices increased across the board in condos, townhouses and detached homes– and this is a trend we predict will continue in 2020. In fact, Re/Max is forecasting the average home sales price will rise 6% in 2020!
 
We anticipate Waterdown/Burlington/Hamilton will be a seller’s market in 2020, now that buyers have learned how to work with the stress-test and found new ways to finance homes. There continues to be a push of buyers from the east searching for more affordable options while still having access to amenities at their fingertips. Downsizers are trending towards condo living, opening up much desired inventory in the detached home market. There is currently a development freeze in downtown Burlington that could delay future development in the area even further if it is not lifted. The industrial sector in Hamilton has picked back up and the economy is expected to be impacted positively in the coming year.
 
The hottest neighbourhoods in Hamilton for 2020 include Leckie Park, Waterdown West and Fifty Point. In Burlington, in-demand neighbourhoods include Brant Hills, Central and The Orchard.
 
We are looking forward to the coming year and anticipate it will be an exciting year in real estate! Thank you again for all your support over the past years. We are honoured to be working within this incredible community!
 
All the best, and Happy New Year! 
Drew and Jayne Woolcott

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