With a median listing price of $345,000, Hammond is Canada’s 1085th most expensive when ordered by median listing price.
While the median for Ontario is $349,900 , which means that Hammond’s median price is $345,000 considerably better than the rest of the province.
There are 1145 neighbourhoods that have more properties on sale than Hammond at the moment in Ontario which puts the neighbourhood top 40% when looking at the number of properties to choose from.
As one of Ontario’s many potential real estate investment neighbourhoods, Hammond needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Because the amount of real estate listed for sale has increased it looks like housing market forces in neighbourhood are likely to drive prices down.
Will prices rise across the next year in in Hammond? There are a number of real estate indicators to consider.
If you are looking at investment properties in Hammond, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.