Low Inventory Continues for September

Posted by on Oct 6, 2016 in MLS & IT | 0 comments

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in September. Sales were 4.7 per cent lower than the same month last year.

There were 1,940 properties listed in September, a decrease of 9.5 per cent compared to September of last year.

“The sales numbers are lower than last September’s, but the hot real estate market in the Greater Hamilton-Burlington area continues,” said RAHB CEO George O’Neill. “Sales are 16 per cent higher than the 10-year average, while the end of month inventory is 39.5 per cent lower than a year ago. The Hamilton-Burlington area continues to attract many people looking for a great place to live and work.”

Seasonally adjusted* sales of residential properties were 5 per cent lower than the same month last year, with the average sale price up 14 per cent for the month. Seasonally adjusted numbers of new listings were 8.3 per cent lower than September of 2015.

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

seasonally2Overall residential sales of 1,259 units were 4.3 per cent lower than the same month last year.  Residential freehold sales were 3.1 per cent lower than September of 2015 while sales in the condominium market were 9.4 per cent lower than the same month last year.

The median price of freehold properties increased by 15.9 per cent over the same month last year while the median price for condominium properties increased by 19.4 per cent compared to the same period.

The average price of freehold properties showed an increase of 5.1 per cent compared to September of last year; the average sale price in the condominium market increased by 11.3 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 33 to 23 days in the freehold market and from 35 to 25 days in the condominium market, compared to September of last year.

“A home in the Hamilton-Burlington area is selling, on average, 10 days quicker than a year ago,” noted RAHB President Kim Alvarez. “This follows the summer trend of quick turnover, and is a result of the limited number of listings compared to market demand.”




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.


*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 2,990 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 – September 2016

Posted by on Oct 6, 2016 in MLS & IT | 0 comments

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

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









Burlington 30 – 36, 38










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


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Mark YOUR Calendar

Posted by on Oct 6, 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


  • New Member Computer Training Level 1
    Thursday, October 13 – C, 9 a.m. – 11:30 a.m.
    Thursday, October 27 – C, 1 p.m. – 3:30 p.m.
    Thursday, November 10 – C, 9 a.m. – 11:30 a.m.
    Thursday, November 24 – C, 9 a.m. – 11: 30 a.m.

    Register with angelam@rahb.ca.


Board of Directors, Committee and Task Force Meetings

  • RCN
    Wednesday, October 19, P – 9:30 a.m.
  • Governance & Bylaw Committee
    Thursday, October 20, T-2:30 p.m.
  • MLS® Committee
    Friday, October 21, T – 9:30 a.m.
  • Government Relations
    Wednesday, October 26, T – 9:30 a.m.
  • Board of Directors
    Wednesday, November 2, T – 9 a.m.

Professional Development

See page 7 for a list of courses and to register.

Upcoming Events

  • Open Forum (formerly Town Hall meetings)
    9:30 a.m. Registration 10 a.m. Meeting
    Tuesday, October 11
    Grace United Church Hall
    174 Caithness St. E., Caledonia
    Register with kathyr@rahb.ca.
  • Candidate Information Session
    Wednesday, October 19, 2016
    10 a.m (RAHB office)
  • Meet the Candidates
    Thursday, November 21, 2016
    12 noon, RAHB lower level
    First ever “Chili Cook Off” – watch for details
  • REALTORS®4Kids Charity Auction
    Thursday, November 17, 2016
    Michelangelo Events and Conference Centre
    1555 Upper Ottawa St., Hamilton
    Doors open at 6 p.m.
    (Tickets must be purchased in advance)
    Contact sheilas@rahb.ca.
  • Annual Election Meeting
    Wednesday, November 30
    Royal Botanical Gardens
    9 a.m. Registration 9:30 a.m. Meeting
  • RCN Networking Luncheon
    Friday, December 2
    Scottish Rite Club, 4 Queen St. S., Hamilton
    11:30 a.m. Registration
    Register with kathyr@rahb.ca.
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