The Hamilton luxury market has seen a significant shift in the past 10 years. For example, back in 2012, a ‘luxury’ home in Hamilton was around $1 million and they looked like something you would see on the cover of a high-end luxury architectural digest. 

The average price for a home in Hamilton was $297,960. Today, the average price is over $1 million. So what does that do for Hamilton’s luxury market? It means the market is changing. 

Michael St. Jean was recently interviewed about the new type of million-dollar homes in Hamilton in 2022 in this great article in The Spec. Basically, if a modest bungalow is now selling for $1 million, where does that leave high-end and unique properties?

In this post, we’re going to cover everything you need to know about luxury homes in Hamilton and luxury apartments in Hamilton. 

Let’s take a closer look. 

What Makes a Luxury Home in Hamilton?

Known for its ample space, beautiful scenery, and lively downtown core, Hamilton is a prime example of a location that is ripe for luxury. Hamilton is close enough to Toronto to attract professionals, but far enough to offer premium amenities like space and privacy. 

Luxury homes have unique features that are often completely custom. They are built by recognized architects and builders using premium building materials. 

They are also located in affluent or gated neighbourhoods, offering exceptional privacy and space for those willing to pay the premium. The exteriors often feature sprawling lawns, outdoor entertaining areas, pools, hot tubs, and even tennis courts. 

Inside, the homes are spacious, bright, and grandiose. They feature unique floorplans and high-quality fixtures and appliances. Some ultra-luxury homes might even feature housekeeper’s quarters, chef’s kitchens, elevators, and more. 

Essentially, when it comes to luxury homes for sale in Hamilton, the sky is the limit. There is a definite market for those seeking exclusivity and opulence in a quiet and peaceful community. 

How Much Do Luxury Homes For Sale in Hamilton Cost?

While there is a definite range in luxury homes in Hamilton, we would say that one of the most important factors that contribute to whether a property is considered ‘luxury’ is the price point. With rising prices in the Hamilton area, luxury homes that once sold for $1-2 million are now listing for $5 million or more. 

We have even seen some Hamilton luxury homes for sale list at $10 million or more. 

Interested in the Hamilton real estate market? You can learn more about Hamilton homes for sale here. 

Are There Any Luxury Condos in Hamilton? 

Although Hamilton new condo developments are primarily known for their appeal to the young professional and first-time buyer market, there are some luxury apartments for sale in Hamilton that would appeal to someone seeking a unique and special condo property. 

As the city continues to become a destination for the entertainment industry, we expect to see new luxury condo developments come to the city as well. 

What Are Some Hamilton Luxury Condo Features? 

Hamilton luxury condos are located in high-end buildings with many unique features and amenities. Waterfront views are common, in addition to concierge services, state-of-the-art fitness facilities, games rooms, lounges, and more. 

Luxury condos in the area often feature high ceilings, large windows, beautiful terraces, and high-end appliances in addition to all the other luxury finishes and fixtures in the bathrooms and kitchen. 

Take a look at our latest real estate listings here. 

How to Sell Your Luxury Home in Hamilton

The best way to sell a luxury home in Hamilton is to work with an agent who is experienced in working with luxury buyers. Although it might seem like selling a luxury home is similar to selling a more modestly-priced property, that couldn’t be further from the truth. 

Selling unique, luxury properties requires exceptional attention to detail, a discerning eye, quality resources, and experience with negotiating high-stakes transactions. 

It’s best to work with an agent who has a proven track record selling the type of property you want to sell. 

Luxury buyers expect an experience when looking for homes, and things like high-end photography, drone footage, promotion in luxury publications, and extensive marketing are all critical to the sale of your home. 

Additionally, luxury transactions require more experience from start to finish. When dealing with large sums of money, it’s important to have everything in order and organized. 

Michael St. Jean Realty offers exceptional luxury selling services through our Premier Collection marketing program. You can learn more about The Premier Collection right here. 

How to Buy a Luxury Home in Hamilton

Those looking to buy a luxury home in Hamilton should also start their search with an experienced luxury real estate agent. In many cases, unique properties are sold as exclusive sales, and may even sell off-market. Knowing an agent who has their finger on the pulse of the luxury market in Hamilton could provide you with access to unique properties before the general public. 

Working with a local agent will also help if you are buying remotely and only have a short period of time to visit properties. They can organize several days of showings for you and curate listings so that you see properties that most closely match your criteria. 

At Michael St. Jean Realty, we have the experience, connections, and resources to help you find a fantastic luxury home in Hamilton or the surrounding area. 

Learn more about buying or selling luxury real estate with a dedicated agent here. 

What Does the Future Hold for Luxury Homes for Sale in Hamilton?

Since home prices have risen so rapidly since the start of the pandemic, it’s difficult to predict the state of the market. At the start of the pandemic, when restaurants, boutiques, and amenities in the city were closed, we saw a mass exodus of people leaving Toronto in favour of smaller communities with more space and privacy. 

Now that COVID restrictions are mostly lifting, we are seeing some people return to the city, while others continue to look outwards. This demand is partly what is fueling the price increases we are seeing in Hamilton. 

For the luxury market, it makes sense that as Hamilton continues to grow as a leader in entertainment and industry, more tech companies are entering the market, resulting in a higher demand for luxury goods (including homes) in the area. 

Whether you are thinking of buying or selling a luxury property in the near future, it’s best to work with a luxury real estate agent in Hamilton, Ontario. Michael St. Jean Realty has the experience, expertise, and resources to make sure your next luxury transaction is a success. 

Call us today at 1-844-484-SOLD or email us here to see how we can help.