Musings from RAHB CEO George O’Neill

Posted by on Feb 7, 2017 in DS, Musings | 0 comments

I know you are all waiting to hear when RAHB will be going live with our new Matrix MLS® System, and I’m pleased to tell you that we are still on track to cut over to Matrix before the spring market, 2017. RAHB’s Directors and staff have been working diligently over the past several months to deliver this new system.

As you read in this column last month, there have been a few unexpected developments along the way, the most surprising of which came in a letter from ORTIS in late December, just before the holiday. At that time, ORTIS had not committed to listing sharing with RAHB. Since then, however, RAHB and ORTIS have come to an agreement to share listings and are looking to put in place a contract, hopefully to be signed before the end of February, 2017.

RAHB has been very clear about our desire to share listing information on a go-forward basis and about our strong belief that members of all boards and associations are best served by doing so. It’s not just our members who benefit from shared data; all REALTORS® in the regional area benefit from access to a wider pool of listing information. The internet has made information available to all, and your clients and customers expect that you will have the same access to listing information across southern Ontario.

We have said all along that RAHB will share listing data with any board or association on a reciprocal basis. We continue to work to achieve the goal of sharing listings with our neighbours. The more information you have, the better you can serve your clients and customers. And isn’t that ultimately what an MLS® System is all about – co-operatively sharing listing information among REALTORS®?

RAHB will continue to lead the charge to bring the best, most complete compilation of listings for the benefit of everyone.

*****

Please don’t forget that RAHB’s REALTOR® CONNECTIONS AGM, Conference and Trade Show is coming up on March 9, 2017! Register now for this one-day event that has been planned just for you, our members.

Best regards,

George O’Neill

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Hot Real Estate Market to Start the Year

Posted by on Feb 6, 2017 in DS, Member Services | 0 comments

February 3, 2017 (Hamilton, Ontario)

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 911 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in January. All property sales were 17.4 per cent higher than the same month last year and set a new high for the month of January.

There were 1,139 properties listed in January, a decrease of 9.7 per cent compared to January of last year and 30 per cent less than the 10-year average for new listings in the month.

“January’s record sales topped the previous high from 2006 by more than 11 per cent,” said RAHB CEO George O’Neill.   “That’s quite remarkable for a January, when sales are typically slower.  At the same time as we had such high sales, new listings are down for the month, compared to both last year and the 10-year average.”

Seasonally adjusted* sales of residential properties were 4.3% per cent higher than the same month last year, with the average sale price up 15.2 per cent for the month. Seasonally adjusted numbers of new listings were 14.1 per cent lower than January of 2016.

Seasonally

 

Overall residential sales of 864 units were 18 per cent higher than the same month last year.  Residential freehold sales were 12 per cent higher than January of 2016 while sales in the condominium market were 50.5 per cent higher than the same month last year.

The median price of freehold properties increased by 11.7 per cent over the same month last year while the median price for condominium properties increased by 33.3 per cent compared to the same period.

The average price of freehold properties showed an increase of 14.2 per cent compared to January of last year; the average sale price in the condominium market increased by 27.7 per cent 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 49 to 31 days in the freehold market and from 50 to 28 days in the condominium market, compared to January of last year.

“With the sales-to-listing ratio at 83 per cent in the residential market, the average days on market down to 31 days at this time of year and only a little over a month of residential listing inventory, this hot seller’s market just keeps rolling on,” added O’Neill. “We keep stressing the importance of using a REALTOR® at any time, but now, in this market, it’s especially important to use a professional who can help buyers and sellers achieve the best results in the purchase or sale of their home. A reduced average number of days on the market does not necessarily mean it is easier to sell properties.”

ComparisonEvery 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 Jan

 

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

 

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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 Area Maps – January 2017

Posted by on Feb 3, 2017 in Member Services | 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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Realty Shoppe

Posted by on Feb 3, 2017 in Member Services | 0 comments

Metal sign frames to promote listings and open house showings:

CLstyle2piecesColonial “L” style – 2 pieces
Choice of black or white
31”w x 72”h (11” shank w/stabilizer bar)

$32.05 ea.*

 

Colonial tops only – Choice of black or white   $17.00 ea.*

Colonial bottoms only – Choice of black or white, 35”h (11” shank w/stabilizer bar)   $20.35 ea.*

DHstyle2pieces

 

Double “H” style – 2 pieces
Black only – 24 ½”w x 54”h (14” shank)
Holds 18”h x 24”w sign inserts
$31.10 ea.*

 

Double “H” bottom only
Black only     $16.75 ea.*

 

OHAframe

 

Open house “A” frame
Choice of black or white
Holds 18”h x 24”w sign inserts
$25.75 ea.*

 

 

 

 

Important Notice

 

RS1On January 30, 2017 we held our annual Member Appreciation Day,
with refreshments, giveaways and prizes

__________________________________________________________________________________________

Monday to Friday, 8:30 a.m. – 4:30 p.m.
T.: 905.529.5979 F.: 905.529.7109 E.: realtyshoppe@rahb.ca
* All applicable taxes are extra. Prices subject to change.

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Mark YOUR Calendar

Posted by on Feb 3, 2017 in DS, 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, February 2 – C, 9 a.m. – 11:30 a.m. SOLD OUT
    Thursday, February 16 – C, 1 p.m. – 3:30 p.m. SOLD OUT
    Thursday, March 2 – C, 9 a.m. – 11:30 a.m. SOLD OUT
    Thursday, March 30 – C, 9 a.m. – 11:30 a.m.
  • Matrix Training General Overview (Webinar) SOLD OUT
    Wednesday, March 1 – 9 a.m. – 11 a.m.
  • Matrix Broker Loading for Assistants and Administrators (Webinar)
    Thursday, March 2 – 2 p.m. – 3 p.m.
  • Broker loading and Matrix Basics (Webinar)
    Wednesday, March 8 – 2 p.m. – 4 p.m.
  • Matrix General Overview (Hands-on course) SOLD OUT
    Monday, March 20 – M, 2 p.m. – 4 p.m.
  • Matrix Q&A
    Thursday, March 23 – M, 2:30 p.m. – 4:30 p.m.
  • Matrix Broker Load (Webinar)
    Monday, March 27 – 2 p.m. – 3 p.m.

Register with angelam@rahb.ca.

 
Board of Directors, Committee and Task Force Meetings

  • Audit Meeting
    Tuesday, February 7 – T, 9 a.m.
  • Governance Meeting
    Wednesday, February 8 – T, 9:30 a.m.
  • Board of Directors
    Wednesday, February 15 – T, 9 a.m.
  • Government Relations
    Thursday, February 23 – T, 9:30 a.m.

 
Professional Development

See page 8 for a list of courses.

 

 

Upcoming Events

  • REALTOR® CONNECTIONS 2017
    AGM, Conference and Trade Show
    Thursday, March 9, 2017
    Grand Olympia, Stoney Creek
    See further details on pages 8 and 9
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Are you covered?

Posted by on Feb 3, 2017 in CREA/OREA/RECO News, DS | 0 comments

CREA has prepared a brochure outlining ManuLife Group Insurance benefits for which you may be eligible, and the brochure will be coming to your office in February! Watch for your copy and see what benefits are available to you! Don’t want to wait til then? You can also visit Manulife for more information.

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