REALTORS®4Kids Charity Auction

Posted by on Aug 23, 2016 in DS | 0 comments

RAHB Annual Charity Auction
Thursday, November 17, 2016
Michelangelo Event & Conference Centre
1555 Upper Ottawa, Hamilton
$60/ticket  $600/table of 10

To purchase your ticket(s) or for more information contact Sheila
at sheilas@rahb.ca, 905.529.8101 x234

 

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Heat remains in local real estate market

Posted by on Aug 5, 2016 in DS, Member Services | 0 comments


The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,487 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in July. Sales were 8.3 per cent lower than the same month last year.

There were 1,703 properties listed in July, a decrease of 13.9 per cent compared to July of last year.

“The numbers of sales are lower than last July’s, but the hot real estate market in the Greater Hamilton-Burlington area continues,” said RAHB CEO George O’Neill. “Sales are 13.2 per cent higher than the 10-year average, while listings are 7.5 per cent lower than the average, indicating a continued undersupply of available properties to meet demand.” 

Seasonally adjusted* sales of residential properties were 1.6 per cent lower than the same month last year, with the average sale price up 12.7 per cent for the month. Seasonally adjusted numbers of new listings were 9.2 per cent lower than July of 2015.

Seasonally

Actual overall residential sales of 1,438 units were 7.9 per cent lower than the same month last year. Residential freehold sales were 6.9 per cent lower than July of 2015 while sales in the condominium market decreased by 12.1 per cent.

The median price of freehold properties increased by 11.3 per cent over the same month last year while the median price for condominium properties increased by 10.2 per cent compared to the same period.

The average price of freehold properties showed an increase of 13.2 per cent compared to July of last year; the average sale price in the condominium market increased by 8.7 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 days on market decreased from 33 to 24 days in the freehold market and from 30 to 27 days in the condominium market, compared to July of last year.

“It is a tight market right now,” noted RAHB President Kim Alvarez. “With just a little over a month of residential listing inventory, it can be challenging for buyers to find the home that’s right for them. Hiring a REALTOR® is always the best strategy when you are buying or selling, and is especially important in this type of market.”

Comparison

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.
RAHB Market Activity for July

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RAHB Area Maps – July 2016

Posted by on Aug 5, 2016 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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Mark YOUR Calendar

Posted by on Aug 4, 2016 in Mark Your Calendar | 0 comments

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

 

Computer

  • New Member Computer Training Level 1
    Thursday, August 11: C, 9 a.m. – 11:30 a.m.
    Thursday, August 18: C, 9 a.m. – 11:30 a.m.

Professional Development

  • Staging Sells – FREE
    Wednesday, August 24: M, 9:30 a.m. – 11:30 a.m.
  • Price Indexing
    Wednesday, October 26: M, 9 a.m. – 4:30 p.m.
  • Top Ten Tax Traps a Real Estate Professional Should Avoid – FREE
    Thursday, October 27: M, 9:30 a.m. – 11:30 a.m.

 

Certification/Designation Courses

  • e-PRO® Day 1  – NEW
    Thursday, August 18: M, 8:30 a.m. – 4:30 p.m.
    (Note: Day 2 is completed online)
  • REIC: 2280 – Legal Issues
    Tuesday, October 18 & Wednesday, October 19: M,
    8:30 a.m. – 4:30 p.m. both days
  • SRS – Seller Representative Specialist
    Monday, October 24 & Tuesday, October 25: M,
    8:30 a.m. – 4:30 p.m. both days

 

OREA Articling Course

  • Real Property Law
    Wednesday August 3 to Friday August 5 and
    Wednesday August 10 to Friday August 12: M,
    8:30 a.m. – 4:30 p.m.

 

Board of Directors, Committee and Task Force Meetings

  • Government Relations
    Tuesday, August 9: T, 9:30 a.m.
  • Auction
    Wednesday, August 10: T, 11:30 a.m.

 

Upcoming Events

  • REALTORS®4Kids — Annual Charity Auction
    Thursday, November 17, 2016
    Michelangelo Events and Conference Centre
    1555 Upper Ottawa St., Hamilton
    (Tickets must be purchased in advance)
    Doors open at 6 p.m.

 

Office Closure

The RAHB office will be closed
Monday, September 5 – Labour Day

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