RAHB Sales – April 2015
New Record for Sales
The REALTORS® Association of Hamilton-Burlington (RAHB) reported a record 1,699 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in April. This represents a 15.7 per cent increase in sales compared to April of last year, and smashes the old record of 1,660 all property sales set in May of 2014.
There were 2,379 properties listed in April, an increase of 15.7 per cent compared to the same month the year prior. End-of-month listing inventory was 8.7 per cent lower than last April.
“The Greater Hamilton-Burlington real estate market has never seen this kind of activity,” said RAHB CEO Ross Godsoe. “There are a number of areas in Hamilton, Burlington and even outlying communities where, on average, properties are being sold for full list price or higher. It’s rare to see that kind activity as an average for an area.”
Seasonally adjusted* sales of residential properties were 13.8 per cent higher than the same month of the previous year, with the average sale price up 7.9 per cent for the month. Seasonally adjusted numbers of new listings were 4.3 per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of April, 2015:
Actual overall residential sales of 1,642 units were 15.3 per cent higher than the previous year at the same time and also a new record for residential sales. Residential freehold sales were 15.7 per cent higher than last April while sales in the condominium market saw an increase of 13.6 per cent.
“Listings and sales in the residential market are well over average for the month,” added Godsoe. “Despite the increase in listings, end of month inventory is still considered low, at just over two months of inventory. That, coupled with a high sales to listing ratio, confirms we are still firmly in a seller’s market.”
The average price of freehold properties showed an increase of 7.6 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 9.7 per cent when compared to the same period.
The average sale price is based on the total dollar volume of all properties sold in the RAHB market area. Average sale price information 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.
The average days on market decreased from 34 to 27 days in the freehold market and from 35 to 33 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 9.7 per cent higher compared to the same quarter last year; listings are 5.6 per cent higher than last year and the average sale price is 8.5 per cent higher for the period.
Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,700 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. In addition, RAHB is an active participant in the Home Ownership Affordability Partnership (HOAP) and holds an annual auction in support of local charities. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at www.REALTOR.ca. More information about RAHB is available at www.rahb.ca.
RealTrack available at RAHB
The RealTrack service is now available for all members’ use in the RAHB Resource Centre.
What is RealTrack?
RealTrack is a licenced database for searching commercial real estate transactions of $500,000 and over, for properties located in Ontario. Compiled from land title documents, telephone interviews, site visits and other sources, RealTrack collects, confirms and publishes the information of over 93,000 property transfers dating back to 1996. The database grows at a rate of 100-150 new transactions every week.
Property information includes:
- address/location
- transfer date
- consideration details (cash and assumed/vtb debt)
- party contact information
- street level and aerial photos (with site boundaries)
- dynamic maps
- property descriptions including type, size and number of units
- description of site boundaries
- financing details
- broker/agent contact information
Access to RealTrack in the RAHB Resource Centre is by chance or by appointment (one user session at a time). Contact Kathy (kathyr@rahb.ca) or Nancy (nancyd@rahb.ca) to reserve your time today!
Realty Shoppe − NEW products available!
WELCOME Sign
$7.60*
MasterLock Dial Lock Box
- Portable key lock box
- Holds up to 5 keys!
- Over the door knob mount for convenience
- Set your own 4-digit combination
- 3-1/4” (83mm) wide durable metal construction
- Shutter door protects combination dials from weather, dirt and grime
- Molded body and vinyl coated shackle prevent scratching
$29.00*
MasterLock Personal Safe
- Lightweight and portable.
- Protects MP3 players, cell phones, cameras, gaming devices, cash, credit cards, jewelry, keys, passports,
sunglasses or other small valuables - Lock up valuables with the cable wrapped tightly to the safe or wrapped securely around a fixed object. Cable doubles as a carrying handle
- Set your own combination for keyless convenience
- Ear bud/charging cable access port
- Shock absorbing foam lines the interior storage area
- Durable water-resistant construction
- Ideal for recreation, campus, office, travel or leisure use
$18.15*
* All applicable taxes are extra. Prices subject to change.
Monday – Friday, 8:30 a.m. – 4:30 p.m.
T.: 905.529.5979 F.: 905.529.7109
E.: realtyshoppe@rahb.ca
Professional Development – Sign up for these great courses!
Master LinkedIn
Tuesday, May 12
9 a.m. – Noon
3 CEs
$99 + HST (Early Bird, must register prior to May 7),
$139 + HST Regular price
Master Facebook
Tuesday, May 12
1 p.m. – 4 p.m.
3 CEs
$99 + HST (Early Bird, must register prior to May 7),
$139 + HST Regular price
Introduction to Blogging
Wednesday, May 13
9:30 a.m. – 12:30 p.m.
3 CEs
$45 + HST
Master Open House – *NOTE CHANGE IN DATE*
Thursday, May 14
9 a.m. – Noon
3 CEs
$99 + HST (Early Bird, must register prior to May 8),
$139 + HST Regular price
iPad Agent – *NOTE CHANGE IN DATE*
Thursday, May 14
1 p.m. – 4 p.m.
3 CEs
$99 + HST (Early Bird, must register prior to May 8),
$139 + HST Regular price
All courses held at RAHB office (McCullough Rooms, lower level). Register by email to angelam@rahb.ca
Coming soon!
ABR® – Accredited Buyer’s Representative
Get accredited as an ABR® (Accredited Buyer’s Representative) with this specialized course.
SRS – Seller Representative Specialist
Are you ready to achieve a new level of professional growth and recognition? The SRS course elevates professional standards, enhances individual performance and recognizes real estate professionals who demonstrate the knowledge and skills essential for professionally and ethically representing sellers.
Contact Angela McArthur for further details at angelam@rahb.ca
Can you advertise a property as “Coming Soon”?
RECO recently provided information about advertising listings as “coming soon” (For the RECOrd, April 9). The article suggests there are appropriate and inappropriate ways to advertise listings that will soon be listed and/or active on the MLS® System.
Please note that RAHB Rules do not allow advertising “Coming Soon”. Section 10, Advertising in the MLS® Rules and Regulations states:
Section 10 Advertising
10.05 No marketing of any property, including placing a sign on any property, is permitted until the commencement date of the Listing Agreement pertaining to such property.
Therefore, there is no appropriate way for RAHB members to advertise a property before the commencement date of the listing.
Property Panorama gets a facelift!
Property Panorama will be launching InstaView Update 2.0 on May 7, 2015 and you will see noticeable improvements.
This Over-the-Air (OTA) update will be released systematically, and you will not experience gaps in service or be required to make manual changes. All your previous user settings will be honoured and automatically implemented into InstaView 2.0.
Once the update has been launched, you will notice changes that include:
Visual Design: a new and improved Members Area Layout, including a new colourful theme, graphics and animations.
Navigation: Quickly navigate through your Member’s Areas with the all-new streamlined single-column navigation. With this simplified designed, you will be able to easily navigate between your Tours, Statistics, Leads, Settings, and all other facets of the InstaView portfolio.
Increased Performance: Minimized load times provide the most responsive site possible.
Updated Printer Friendly Flyers: InstaView 2.0 introduces all-new PDF flyers. These flyers have a fully updated design and are displayed in a vertical layout for easy printing.
Automatic Social Media Syndication: One-click submission of tours to popular social media sights will be even easier! You will be able to choose to have tours automatically syndicated to your personal accounts any time a change is made.
Watch for these great changes to InstaView on May 7.
Spring Market Blossoming
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1397 property sales processed through the RAHB Multiple Listing Service® (MLS®) system in March. This represents a 10.9 per cent increase in sales compared to March of last year.
There were 2170 properties listed in February, an increase of 14.2 per cent compared to the same month the year prior. End-of-month listing inventory was 7.7 per cent lower than last March.
“The spring market is definitely upon us,” said RAHB CEO Ross Godsoe. “In March we saw increases in listings and sales over last year, as well as in comparison to the average for the last ten years.”
Seasonally adjusted* sales of residential properties were 10.9 per cent higher than the same month of the previous year, with the average sale price up 9.6 per cent for the month. Seasonally adjusted numbers of new listings were 1.9 per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of March, 2015:
Actual overall residential sales were 11.1 per cent higher than the previous year at the same time. Residential freehold sales were 11.9 per cent higher than last March while sales in the condominium market saw an increase of eight per cent.
“It’s still a tight market in the Greater Hamilton-Burlington market,” added Godsoe. “While we saw more listings come on the market in March, we still have a relatively low inventory of listings. The seller’s market continues in our area.”
The average price of freehold properties showed an increase of 7.6 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 7.4 per cent when compared to the same period.
The average sale price is based on the total dollar volume of all properties sold in the RAHB market area. Average sale price information 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.
The average days on market decreased from 37 to 34 days in the freehold market and from 39 to 34 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 6.8 per cent higher compared to the same quarter last year; listings are 5.8 per cent higher than last year and the average sale price is 9.2 per cent higher for the period.
Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.
*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.
Established in 1921, the REALTORS® Association of Hamilton-Burlington (RAHB) represents more than 2,700 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. In addition, RAHB is an active participant in the Home Ownership Affordability Partnership (HOAP) and holds an annual auction in support of local charities. Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at www.REALTOR.ca. More information about RAHB is available at www.rahb.ca.
RAHB Sales – March 2015
RAHB Area Maps – March 2015
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
Burlington – 30 – 38
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
Moulton/Sherbrooke, 60
Annual Charity Golf Tournament
2015 Commercial Summit
The Greater Golden Horseshoe is one of the fastest growing regions of North America. It is a leading global nexus for employment, trade, culture and research, and attracts people and jobs because of its range of economic opportunities and high quality of life. With such an increase comes a greater demand for supporting
infrastructure such as transit, roads, sewers, energy and a full range of community amenities.
Is the Growth Plan for the Greater Golden Horseshoe on track? Come and hear industry leaders provide commentary on the successes, challenges and opportunities.
~~~~~
Thursday, May 7, 2015
8:30 a.m. – 12 Noon
Royal Botanical Gardens
680 Plains Rd. W.,
Burlington, ON
7:45 a.m. – registration
8 a.m. – buffet breakfast
~~~~~
Keynote Speaker:
Glenn Miller, FCIP, RPP
– Director, Canadian Urban Institute
Canadian Commercial Network Update:
Ron Abraham, CREA Regional Director (Ontario)
and member of the Canadian Commercial Committee
Economic Development Panel:
Neil Everson, – Director, Economic Development Division, Planning and Economic Development Department, City of Hamilton
Frank McKeown – Executive Director, Burlington Economic Development Corporation
John Regan – Manager, Economic Development and Tourism, Haldimand County
Event Sponsors:
Register online by April 30, 2015