525 Cannon St E

Gibson, Hamilton, L8L 2E6
FOR SALE
$649,000
525 Cannon St E, Hamilton
525 Cannon St E
525 Cannon St E
525 Cannon St E
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
7 + 1
ROOMS
X10426784
MLSID
Contact Us
Property Description
Power of sale. Sold "as is".
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-06 2024-08-09 35 $649,000 $625,000 Sold
Property Details
Street
Community
Property Type
Detached, 2 1/2 Storey
Lot Size
23' x 81'
Fronting
South
Taxes
$2,629 (2024)
Basement
Finished, Full
Exterior
Alum Siding, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
Hamilton Market Statistics
Hamilton Price Trend
525 Cannon St E is a 3-bedroom 2-bathroom home listed for sale at $649,000, which is $97,799 (13.1%) lower than the average sold price of $746,799 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $87,851 (10.5%) compared to the previous 30 day period (September 21 - October 20) and down $30,098 (3.9%) from the same time one year ago.
Inventory Change
There were 331 3-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is down 1.5% compared with the previous 30 day period (September 21 - October 20) and up 35.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,171) (2.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $4,303 decrease compared to the previous 30 day period (September 21 - October 20) and ($23,304) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Hamilton over the last 30 days (October 21 - November 19) stood at 81.6%, up from 49.4% over the previous 30 days (September 21 - October 20) and up from 54.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Hamilton stood at 33 days when successfully sold over the last 30 days (October 21 - November 19), compared to 60 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group-Associates Realty Inc.
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