Record Sales for Month of November

Posted by on Dec 7, 2016 in MLS & IT | 0 comments

PRESS RELEASE – For immediate release   
December 6, 2016 (Hamilton, Ontario)

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,323 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in November. Sales were 5.6 per cent higher than the same month last year – which had the record for November sales – and set a new high for the month of November.

There were 1,500 properties listed in November, an increase of 11.4 per cent compared to November of last year.

“This is the fifth month this year for record-breaking monthly sales,” said RAHB CEO George O’Neill. “Even though new listings are up from last year, the brisk sales we’ve seen all year leave us with low inventory at the end of November.  It is interesting to note that for all the monthly records set this year, year-to-date sales are very slightly below what they were last year at this time. – less than one per cent lower.  It’s a testament to just how hot the real estate market has been for the last two years.”

Seasonally adjusted* sales of residential properties were 1.1 per cent lower than the same month last year, with the average sale price up 19 per cent for the month. Seasonally adjusted numbers of new listings were 2.6 per cent higher than November of 2015.

Seasonally adjusted data for residential properties for the month of November, 2016:

seasonally2

Overall residential sales of 1,267 units were 5.3 per cent higher than the same month last year.  Residential freehold sales were 2.9 per cent higher than November of 2015 while sales in the condominium market were 16.6 per cent higher than the same month last year.

The median price of freehold properties increased by 21.1 per cent over the same month last year while the median price for condominium properties increased by 26.7 per cent compared to the same period.

The average price of freehold properties showed an increase of 20.2 per cent compared to November of last year; the average sale price in the condominium market increased by 23.5 per cent when compared to the same period.

Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® System. Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Contact a REALTOR® for information about your area or property.

The average number of days on market decreased from 36 to 25 days in the freehold market and from 34 to 26 days in the condominium market, compared to November of last year.

“It isn’t taking long at all for properties to move in this market,” noted RAHB President Kim Alvarez. “It’s always a good idea to use the services of REALTOR® when you buy or sell your home, but especially important when properties sell as quickly as they do now.”

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Every community in RAHB’s market area has its own localized market. Please refer to the accompanying chart, and contact a REALTOR® for more information.

rahb-market-activity-for-november

 

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

 

About the REALTORS® Association of Hamilton-Burlington
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 3,000 real estate brokers and sales representatives from Hamilton, Burlington and outlying areas. Members of the Association may use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The Association operates the local Multiple Listing Service® (MLS®) System and provides ongoing professional education courses for its members. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at REALTOR.ca. More information about RAHB is available at rahb.ca.

 

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RAHB Maps – November 2016

Posted by on Dec 7, 2016 in MLS & IT | 0 comments

RAHB Average Price by District – (#) Residential Unit Sales

Hamilton
Hamilton West,  10 – 12
Hamilton East,  23, 24, 27 – 29
Hamilton Centre,  13, 14, 20 – 22
Hamilton Mountain,  15 – 18, 25 & 26

ham

 

Burlington 30 – 36, 38

burl

 

Outlying

Flamborough, 40, 43 – 45
Dundas, 41
Ancaster, 42
Waterdown, 46
Stoney Creek, 50 – 52
Glanbrook, 53
Grimsby, 54 -55
West Lincoln, 56
Smithville, 57
Dunnville, 61
Cayuga, 62
Calendonia/Hagersville, 63 & 70
Onieda/Seneca, 71 & 64
Rainham, 65
Canborough/Dunn, 60

outlying

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Mark YOUR Calendar

Posted by on Dec 7, 2016 in Mark Your Calendar | 0 comments

Held at RAHB – 505 York Blvd.
Lower Level room: C – Chambers M – McCullough
First floor room: T – Thompson P – Purnell

Computer

  • New Member Computer Training Level 1
    Thursday, December 8 – C, 9 a.m. – 11:30 a.m.
    Thursday, December 15 – C, 1 p.m. – 3:30 p.m.
    Wednesday, December 21 – C, 9 a.m. – 11:30 a.m.
    Thursday, January 5 – C, 9 a.m. – 11:30 a.m.
    Thursday, January 19 – C, 1 p.m. – 3:30 p.m.Register with angelam@rahb.ca.

Board of Directors, Committee and Task Force Meetings

  • Professional Standards
    Monday, December 12 – T, 9:30 a.m.
  • Awards
    Monday, December 12 – T, 10 a.m.
  • Past Presidents
    Tuesday, December 13 – T, 3 p.m.
  • Board of Directors
    Thursday, December 15 – T, 10 a.m.
  • Charity Auction
    Thursday, December 15 – P, 1 p.m.

 

Professional Development
See page 11 of the REALinfo for a list of courses.

 

Upcoming Events

  • Realty Shoppe Inventory Day
    Wednesday, December 14 closed all day
  • REALTOR® CONNECTIONS 2017
    AGM, Conference and Trade Show
    Thursday, March 9, 2017
    Grand Olympia, Stoney Creek
    Watch for further details

Office Closures
Friday, December 16, 12 p.m. – 2 p.m.
Monday, December 26 – Friday December 30

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RAHB REALTORS® Care – Bowling for charity

Posted by on Dec 7, 2016 in RAHB News, REALTORS® Care | 0 comments

bowling

Royal LePage Burloak Real Estate Services’ 7th annual Chili Bowl raised $4,246.71 to support Halton Women’s Place and The Carpenter Hospice!  The Chili Bowl is Royal LePage Burloak’s major Fall fundraising event.

Over 130 people attended the event, and participants included sales representatives, administrative employees and community sponsors.  Many participants dressed up in Halloween costumes, with prizes awarded for best team theme, best individual costume, best bowling technique and worst bowling technique.  This was the largest group of bowlers so far for the event.

Over the past 13 years, Royal LePage Burloak Real Estate Services has raised over $270,000 in support of Halton Women’sPlace and the Carpenter Hospice.

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CREA prizes – it pays to complete a survey!

Posted by on Dec 7, 2016 in CREA/OREA/RECO News | 0 comments

crea_1

Congratulations to RAHB members Norma Bond (Right At Home Realty, left)
and Jamie MacCorkindale (Right at Home Realty, right) – pictured here with
RAHB CEO George O’Neill (centre)! Norma and Jamie each won travel tech
kits for responding to CREA’s 2016 Member Survey.

crea_2

Congratulations also to Lynne Riddell (Keller Williams Edge Realty,
pictured with George O’Neill), who also won a travel tech kit for
completing CREA’s 2016 Member Survey.

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