Sales Set Record for December

Posted by on Jan 12, 2017 in Member Services | 0 comments

PRESS RELEASE – For immediate release
January 5, 2017 (Hamilton, Ontario)

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 904 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in December. Sales were 13.1 per cent higher than the same month last year and set a new high for the month of December. This was the sixth month in 2016 to see a new monthly sales record.

There were 714 properties listed in December, an increase of 3.8 per cent compared to December of last year and right on the 10-year average for new listings in the month.

“Consumers were shopping for more than Boxing Day sales this year,” said RAHB CEO George O’Neill.   “December sales broke the record for December set only last year. The record sales for the month coupled with an average number of new listings means we are going into the new year with low inventory.”

Seasonally adjusted* sales of residential properties were 5.5 per cent higher than the same month last year, with the average sale price up 13.7per cent for the month. Seasonally adjusted numbers of new listings were 1.1 per cent lower than December of 2015.

Seasonally

Overall residential sales of 849 units were 13.4 per cent higher than the same month last year.  Residential freehold sales were 7.9 per cent higher than December of 2015 while sales in the condominium market were 36.9 per cent higher than the same month last year.

The median price of freehold properties increased by 18.4 per cent over the same month last year while the median price for condominium properties decreased by 15.7 per cent compared to the same period.

The average price of freehold properties showed an increase of 15.5 per cent compared to December of last year; the average sale price in the condominium market decreased by 5.6 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 41 to 30 days in the freehold market and from 36 to 17 days in the condominium market, compared to December of last year.

“Clearly, home buyers – whether they are local or from outside our market area – are finding the Greater Hamilton-Burlington area an excellent place to invest their home-buying dollars,” added O’Neill.

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.

RAHB Market Activity for December

*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 – December 2016

Posted by on Jan 12, 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 1

Burlington 30 – 36, 38

Burl 1

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 1

 

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Mark YOUR Calendar

Posted by on Jan 11, 2017 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, January 5 – C, 9 a.m. – 11:30 a.m.
    Thursday, January 19 – C, 1 p.m. – 3:30 p.m.
    Thursday, February 2 – C, 9 a.m. – 11:30 a.m.
    Thursday, February 16 – C, 1 p.m. – 3:30 p.m.

    Register with angelam@rahb.ca


Board of Directors, Committee and Task Force Meetings

  • Board of Directors
    Wednesday, January 18 – T, 9 a.m.

Professional Development
See page 10 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 page 13.
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CREA News – CREA Directors wanted!

Posted by on Jan 11, 2017 in CREA/OREA/RECO News | 0 comments

CREA is looking for candidates for the 2017-2018 Board of Directors. There are four Director-at-Large positions available (three for a two-year term and one for a one-year term) and four Regional Director positions available (for British Columbia/Yukon, Manitoba, Quebec and the Atlantic Region).

Qualifications for Directors:
1. Be a REALTOR® member
2. Have been a REALTOR® member for at least five years
3. Have a minimum of three years’ experience within the last 10 years as a director of a Canadian not-for-profit corporation or a public body
4. Otherwise not be disqualified by the Canada Not-for-Profit legislation
5. In the case of a Regional Director, be licensed in that region
6. If elected, must have completed leadership courses set out in CREA policy within one year of being elected.

The deadline for submissions is January 26, 2017. The election for Directors-at-Large will take place at CREA’s Annual General Meeting in Ottawa on Monday, March 27, 2017. Regional Director elections will take place prior to the CREA AGM.

Want more information?
Check out the video at:
http://www.realtorlink.ca/content/realtorlink/crea/en_CA/about/governance/elections.html

More information about CREA and CREA Directors:
http://rahb.ca/CREA/2017/CREARecruitmentLetter2017.pdf

Apply to be part of the future of real estate in Canada!:
http://fluidsurveys.com/surveys/crea-communications/crea-director-elections-2017/?l=en

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Revisions to OREA Standard Forms

Posted by on Jan 11, 2017 in CREA/OREA/RECO News | 0 comments

OREA recently released the updates for the 2017 OREA Standard Forms and Clauses.
All information is available on the members section of OREA.com or go to http://www.realtorlink.ca/content/dam/realtorlink/on/hamilton/Forms/OREA-Summary-of-Revisions-2017.pdf for the 2017 Forms Summary of Revisions.

 

Many of the OREA Standard forms are affected by the revisions, including OREA Form 200 Listing Agreement – Authority to Offer for Sale, which now includes a new Electronic Signature clause.

 

OREA has also updated ‘OREA Forms Explained’, a member’s resource where 44 forms files are annotated to help members understand and use the forms. RAHB will be hosting an OREA Outreach 2017 Forms & Clause Revisions Update education session. The date of the session will be announced on Message of the Day (MOD) as soon as arrangements have been confirmed.

 

The new 2017 OREA Standard Forms are now available on the OREA website and WEBForms®. Printed forms will be available through the Realty Shoppe in mid-January.

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Service Spotlight – MLS® Services

Posted by on Jan 11, 2017 in Services Spotlight | 0 comments

Every member knows the value of the RAHB MLS® System – it is our primary service to you and it is an integral part of your business.

RAHB has always been on the leading edge where MLS® Systems are concerned – in 1949, RAHB produced Ontario’s first Multiple Listing Service, and in 1951 instituted the first Photo Co-Op System in Canada. Ever since those first forays into a cooperative listing service, your Association has provided up-to-date systems, and has continuously upgraded those systems so that you have a reliable tool that gives you the information you need to assist your clients and customers.

Your MLS® System is not all bits and bytes and servers and data, however; there are also people who are part of RAHB’s MLS® System.

RAHB’s MLS® Department provides telephone support on all parts of the system –Fusion, the regional Matrix, GeoWarehouse access, WEBForms® and the Statistical Information Management (SIM) program. RAHB MLS® support staff also answer questions about MLS® rules and regulations and policies, and the remediation process that begins when it appears that someone else may be using your login credentials.

In addition to telephone support, RAHB’s MLS® Supervisor provides new member training in Matrix, and produces webinars and tutorials for the new RAHB Matrix MLS® System.

When you need assistance with the MLS® System, be sure to contact the RAHB support staff at 905.667.4650, from 8:30 a.m. – 4:30 p.m. daily on weekdays.

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