RAHB sales for June 2016
June real estate market still sizzling
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,877 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in June. Sales were 8.8 per cent lower than the same month last year yet were still the second highest sales on record.
There were 2,213 properties listed in June, a decrease of 12.9 per cent compared to June of last year.
“June sales may have been lower than last year in June,” said RAHB President Kim Alvarez. “but they were still outstanding. Last June sales set an all-time record; this year, all property sales were 25 per cent higher than the 10-year average and the second-highest on record.”
Seasonally adjusted* sales of residential properties were 9.2 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 12.1 per cent lower than June of 2015.
Actual overall residential sales of 1,787 units were 9.8 per cent lower than the same month last year. Residential freehold sales were 7.4 per cent lower than June of 2015 while sales in the condominium market decreased by 20 per cent.
The median price of freehold properties increased by 15.3 per cent over the same month last year while the median price for condominium properties increased by 18.8 per cent compared to the same period.
The average price of freehold properties showed an increase of 13.6 per cent compared to June of last year; the average sale price in the condominium market increased by 12.1 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.
“Listing inventory is still way down, with just a little over a month of inventory in the residential market,” noted Alvarez. “With the average days on market at 22 in the freehold market – which is one of the lowest in recent years – buyers would be well-advised to use a REALTOR® to help them navigate through this fast-paced market.”
The average days on market decreased from 29 to 22 days in the freehold market and from 30 to 27 days in the condominium market, compared to June of last year.
Every community in RAHB’s market area has its own localized residential 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 2,950 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®) 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.
June 23, 2016 – an excellent day for golf!
Over 100 RAHB members, supporters and tournament sponsors turned out to enjoy a day of golf, food and prizes at the 19th annual Charity Golf Tournament at Copetown Woods Golf Club. The weather cooperated and made for a perfect day!
Prize winners
(l-r) Dave Steinman, Chris Cutaia, Jason Hensen, Lisa Hensen (Top Foursome) and RAHB President, Kim Alvarez
(l-r) Don Abma (Closest to the Rope – Men’s), RAHB President Kim Alvarez, Pearl Schinkel (Closest to the Rope – Ladies’)
(l-r) RAHB President Kim Alvarez, Evan Stark (Longest Drive – Men’s)
(l-r) RAHB President, Kim Alvarez and Darlene Kretzschmar (Closest to the Crown Royal)
(l-r) Jason Craddock (Closest to the Pin) and RAHB President, Kim Alvarez
(l-r) Dave Steinman (50/50 Draw) and RAHB President Kim Alvarez
(l-r) Jason Hensen, Sanjay Modi and Marilyn Kuhnle (1st, 2nd and 3rd respectively, Putting Contest)
Julia Fedak (Longest Drive – Ladies’) no photo
Unfortunately, there were no winners of the two Hole-in-One contests and the prizes – a 2-year lease on a 2016 Mercedes and an Air Transat vacation – went unclaimed. The good news is that $1,160 was raised through the entry fee for the Air Transat vacation contest and it will be going to the Childhood Cancer Foundation – another winner in the tournament!
(l-r) Robert Schinkel, Golf Tournament Task Force chair; Lorraine Ferrari, Golfer’s Green; and RAHB CEO, George O’Neill
Thanks to the golfers, sponsors and donors who supported the tournament and helped make it a great day. The numbers aren’t in yet for how much was raised for the Karan Barker Scholarship Fund, so watch Message of the Day and REALinfo for the results.
Event Sponsors
The Hamilton Spectator
Real Estate News & Buyers Guide
Real Services Photography Inc.
Supporters
ACISS Home and Commercial Inspections
American House
Brechin & Huffman
Castlerock Inspections
Coldwell Banker Community Professionals
Creative Outdoor Advertising
J.M. Edwards Associates
Frankel Law Offices
Genworth Canada
GeoWarehouse®
Golfer’s Green
Green Germann Sakran
Investors Group Financial Services Ltd.
Mercedes Benz Burlington
Michelangelo Events & Conference Centre
Ontario Real Estate Association
Royal LePage Burloak Real Estate Services
Royal LePage Niagara Real Estate Centre
SB Partners
Schinkel Real Estate & Appraisals
SMD Design & Print Solutions
Sutton Group Innovative Realty
The McLean Team
The Real Estate Book
The Royal Coachman
Uncle Ross Golf
Wicked Things
Xanadu Woodworks
Mark YOUR Calendar
Computer
Held at RAHB – 505 York Blvd. – Lower Level
C – Chambers Room M – McCullough Room
- New Member Computer Training Level 1
Thursday, July 7: C, 9 a.m. – 11:30 a.m.
Thursday, July 21: C, 1 p.m. – 3: 30 p.m.
Professional Development *New
- WEBForms® – FREE
Lynn St. Germain, CREA Product Training Specialist
Friday, July 15: M, 9:30 a.m. – 11 a.m. - Master LinkedIn Bootcamp
Wednesday, July 27: M, 9 a.m. – Noon - Master Facebook Bootcamp
Wednesday, July 27: M, 1 p.m. – 4 p.m. - Staging Sells – FREE
Wednesday, August 24: M, 10 a.m. – Noon - 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 and Designation Courses
- e-PRO® Day 1*
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
- Principles of Property Management
July 5 – 7 & 12 – 14 (Tuesday-Thursday): M,
8:30 a.m. – 4:30 p.m. - Real Estate as a Professional Career
Monday, July 18 – Friday, July 22: M,
8:30 a.m. – 4:30 p.m. each day
Upcoming Events
- REALTORS®4Kids
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, August 1 – Civic Holiday
OREA’s EMERGE – Two dates offered
Mike Cusano at the helm
Congratulations to Mike Cusano (RE/MAX Escarpment Realty Inc.) on his election as Chair of the RECO Board of Directors!
Mike is a former RAHB president (2007), and has served on numerous RAHB committees and task forces. He was presented with the RAHB Award of Merit in 2011 for his contributions to RAHB and organized real estate.
Mike served two terms as provincial director from Southern Ontario for the Ontario Real Estate Association and is currently serving his second term on the RECO Board of Directors. He was elected to the position of Chair in June, 2016.
Read more about Mike at http://bit.ly/28LSqEI.
REALTOR® Safety
Reprinted from CREA’s News2Me
As a REALTOR® your job requires you to meet with lots of people – most of whom you don’t know. You often meet with these people by yourself and behind closed doors at showings or open houses. These situations open you up to all types of risk.
With that in mind, CREA has created a community on REALTOR Link® with tips on how to keep yourself safe while working. But this is just the start. CREA has received some great articles, publications and personal stories from Boards, Associations and REALTORS® that we will share, and continue to share, as we receive them.
Realty Shoppe
John Summach (RE/MAX Escarpment Realty Inc.) was the lucky winner of the June 15 “Welcome Summer” draw for two tickets to Canada’s Wonderland.
Drop by the Realty Shoppe and enter the next draw!
RAHB members who make a purchase, in person, before July 22 are eligible to enter their business card to win one of two draws for Canada’s Wonderland tickets (good for any one day of the 2016 season).
Popular items in stock – get yours today!
Perfect for marketing campaigns – just add your business card
3.5” x 9” Reference magnets
- Home tips
- Stain removal tips
- Kitchen conversions
- 101 ways to praise a child
46¢ ea.*
Important Numbers & Notes
- Message board, and dry-erase pen with magnetic clip
95¢ ea.*
Buying/selling closing pouches
- White vinyl with blue lettering, or blue vinyl with gold lettering, with REALTOR® logo and clear business card holder.
- Holds legal size papers.
$5.00 ea.*
Plastic document envelope
- Blue polypropylene with REALTOR® logo and snap closure
- Holds 8.5” x 11” papers
$4.70 ea.*
2016 summer attraction discounted tickets – May 1 to October 30, 2016
Any ONE operating day:
Child (age 3+ under 48” tall) $38.00
Adult (ages 3-59 and over 48” tall) $43.00
Senior (age 60+) $38.00
Pay ONCE, Visit TWICE ticket: Valid for two visits by the same person – all ages
$56.00
Ticket prices include HST but do not include food, merchandise, lockers, tubes, rental pavilions, games and special events.
NOTE: With the exception of special diet/need items and plastic bottled water, outside food and beverages are not allowed in the park. Tickets are not valid for Hallowe’en Haunt. Parking is extra. Visit www.canadaswonderland.com
In person purchases only/final sale/no refunds or exchanges. Available in the Realty Shoppe — while supplies last
______________________________________________________________________________
* All applicable taxes are extra. Prices subject to change.
Monday to Friday, 8:30 a.m. – 4:30 p.m.
T.: 905.529.5979 F.: 905.529.7109 E.: realtyshoppe@rahb.ca
Technology and real estate
On May 16, 2016, Hamilton’s Economic Development office hosted an interactive investment event entitled Digital Disruption – How Technology has Greatly Altered Real Estate Decisions. As part of the presentation, Hamilton Ec Dev offered a tour of Hamilton to showcase investment opportunities in the city. Over 50 real estate brokers and salespeople from across Southern Ontario were on the tour.
RAHB sponsored and participated in the event, and a number of RAHB members took part. Check out the video at https://youtu.be/gM9SAMbjTc4.
Professional development SRES designation course
RAHB’s first graduating class in the SRES® (Seniors Real Estate Specialist) designation course – May 26, 2016!
Investing in a Bay Area Partnership
RAHB was pleased to participate and be a sponsor of the 2016 Bay Area Economic Summit hosted by both the Hamilton and Burlington Chambers of Commerce on June 21, 2016! The event gathered 350 community leaders from private and public sectors to discuss how Hamilton and Burlington could work together as a regional community to increase employment, strengthen the economy and improve quality of life. Seminar topics included integrating arts and culture into city building, ecotourism and the resurgence of Cootes Paradise, and investing in mixed-use transit hubs.
A keynote address was presented by Ontario Provincial Premier The Honourable Kathleen Wynne, who emphasized the importance of municipal collaboration and value of accessible public transit.
The event concluded with the recommendation that chambers and others should continue to collaborate on priority actions concerning growth planning, transportation and environmental stewardship. For more information on the summit, follow the event hashtag, #BAES2016!
Professional Development for REALTORS®
WEBForms® – FREE
Lynn St. Germain, CREA Product Training Specialist
Friday, July 15, 2016, 9:30 a.m. – 11 a.m.
Master LinkedIn Bootcamp
Wednesday, July 27, 2016, 9 a.m. – Noon
$79 Early Bird (prior to July 20); $99 regular
Master Facebook Bootcamp
Wednesday, July 27, 2016, 1 p.m. – 4 p.m.
$79 Early Bird (prior to July 20); $99 regular
e-PRO® Day 1 – New
Thursday, August 18, 2016, 8:30 a.m. – 4:30 p.m.
$199+HST
(Note: Day 2 is completed online)
Staging Sells – FREE
Wednesday, August 24, 2016, 10 a.m. – Noon
REIC: 2280 – Legal Issues
Tuesday, October 18 & Wednesday, October 19, 2016
8:30 a.m. – 4:30 p.m. both days — $495+ HST
SRS – Seller Representative Specialist
Monday, October 24 & Tuesday, October 25, 2016
8:30 a.m. – 4:30 p.m. both days — $299+ HST
Price Indexing
Wednesday, October 26, 2016, 9 a.m. – 4:30 p.m.
$199+ HST
Top Ten Tax Traps a Real Estate Professional
Should Avoid – FREE
Thursday, October 27, 2016, 9:30 a.m. – 11:30 a.m.
All courses will be held at the RAHB office, McCullough Room (lower level). For complete details and course descriptions, contact Angela (angelam@rahb.ca or Camryn camrynh@rahb.ca).
Watch for our monthly Professional Development update in your email inbox!
