RAHB Area Maps – May 2014
Average price by district for Hamilton, Burlington and Outlying RAHB jurisdictional areas for May 2014. (#) Residential Unit Sales.
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RAHB Sales – May 2014
For monthly stats release, including seasonally adjusted and actual charts, go to REALTOR Link® – RAHB Statistics, the RAHB public website (www.rahb.ca) or your email inbox – the stats release is sent to every member each month.
Welcome New Members – April 22 to May 20
The REALTORS® Association of Hamilton-Burlington would like to extend a warm welcome to its newest members. (more…)
Mark YOUR Calendar
Professional Development
Held at RAHB – 505 York Blvd. – Lower Level C – Chambers Room M – McCullough Room
Fusion Level 1
Tuesday, June 10 – C, 9 a.m. – noon
Tuesday, June 24 – C, 9 a.m. – Noon
Tuesday, July 8 – C, 9 a.m. – noon
Tuesday, July 22 – C, 9 a.m. – noon
Broker Load
Thursday, June 26 – C, 9:30 a.m. – 11:30 a.m.
Thursday, July 3 – C, 9:30 a.m. – 11:30 a.m.
Thursday, July 17 – C, 9:30 a.m. – 11:30 a.m.
New Member Orientation (by invitation only)
Friday, June 20 – M, 9 a.m. – 1 p.m.
iPad Hands-on
Wednesday, June 18 – M, 9:30 a.m. – 12:30 p.m.
Professional Development Days (formerly Education Week)
Tuesday, October 7 – Thursday, October 9 – M
To register for above courses, email Angela at angelam@rahb.ca or call 905.529.8101 x233
Board of Directors, Committee and Task Force Meetings
Held at RAHB – 505 York Blvd. – First Floor T – Thompson Room P – Purnell Room
Charity Auction
Wednesday, June 11 – T, 9:30 a.m.
Professional Standards
Wednesday, June 11 – T, 2 p.m.
Charity Golf Tournament
Thursday, June 12 – P, 9:30 a.m.
Board of Directors
Thursday, June 12 – T, 9 a.m.
MARC
Tuesday, June 24 – T, 2 p.m.
Government Relations
Wednesday, June 25 – T, 9:30 a.m.
RCC
Friday, June 27 – T, 2 p.m.
Upcoming Events
RAHB Charity Golf Tournament
Thursday, June 26 – Copetown Woods Golf Club
1430 Concession 2 W.
Contact Sheila at 905.529.8101 x234 or sheilas@rahb.ca for more information
REALTORS Care® Foundation Motorcycle Ride for Charity
Wednesday, July 9 – – Kick off – 8:30 a.m.at the RAHB office
(see back page for more information)
RAHB Office Closures
Tuesday, July 1 for Canada Day
Monday, August 4 for Civic Holiday
Monday, September 1 for Labour Day
Monday, October 13 for Thanksgiving Day
RAHB News – Professional Development
Mark your calendars for Professional Development Days
at RAHB – October 7 – 9, 2014 (formerly “Education Week”).
REALTORS® Care – REALTORS® RIDE from RAHB!
Come to the RAHB office on Wednesday, July 9 to give a big send-off to the Ontario REALTORS® who will be participating in this year’s REALTORS® RIDE for Charity. (more…)
Realty Shoppe – 2014 Summer attraction discounted tickets now available!
African Lion Safari
Any ONE operating day
May 3 – October 13
Child (3 – 12) $25.00
Adult (13 – 59) $31.00
Any ONE operating day May 5 – October 27
Child (3+ less than 48” in shoes) $37.00
Senior (60+) $37.00
Adult (3 – 59 and over 48” tall) $42.00
Pay ONCE, Visit TWICE ticket:
Valid for two visits by the same person May 5 – October 27
All Ages $55.00
NOTE:
Canada’s Wonderland ticket prices do not include parking, food, merchandise, lockers, tubes, rental pavilions, games or special events.
NOTE:
With the exception of special diet/need items, outside food and beverages are not allowed in the park. Plastic bottled water may be brought into the park. Tickets are not valid for Halloween Haunt.
In person purchases only – final sale – no refunds or exchanges. Available in the Realty Shoppe – while supplies last. HST included in all ticket prices.
New Sales Record Set in May
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1660 property sales were processed through the RAHB Multiple Listing Service® (MLS®) system in May. This represents a 4.1 per cent increase in sales compared to May of last year and sets a new record for sales in any month.
There were 2458 properties listed in May, an increase of eight per cent over the same month last year. End-of-month listing inventory was four per cent lower than last year at the same time.
“Spring weather may have taken its time in arriving, but the spring real estate market certainly took off in May,” said RAHB CEO Ross Godsoe. “We didn’t just trip over the record set in 2009; we beat it by 3.5 per cent.”
Seasonally adjusted* sales of residential properties were 8.1 per cent higher than the same month last year, with the average sale price down 1.8 per cent for the month. Seasonally adjusted numbers of new listings were 12 per cent higher than the same month last year.
Actual overall residential sales were 4.6 per cent higher than the previous year at the same time and set a new record for residential sales in any month. Residential freehold sales were 2.6 per cent higher than last year while the condominium market saw an increase of 12.9 per cent in sales. The average price of freehold properties showed a decrease of 2.3 per cent compared to the same month last year; the average sale price in the condominium market decreased less than one per cent when compared to the same period last year.
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.
“Having record-setting sales isn’t the whole story,” added Godsoe. “There was also a bump in the number of new listings during the month of May. It wasn’t record-setting, but new listings were higher than the 10-year average for the month. That may account for the slight decrease in average sale price compared to May of last year.”
The average days on the market decreased from 39 to 34 days in the freehold market and from 37 to 36 days in the condominium market.
Year to date, listings are less than one per cent lower than the same January-to-May period a year ago. Sales are two per cent higher and the average sale price is five 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.
Attention Windows XP and Windows Vista Users
Please be aware that Windows XP and Windows Vista are no longer supported by Corelogic (as Microsoft support for these operating systems has ended) and as such you may experience compatibility issues when using Fusion. (more…)
RECO News
Congratulation to RAHB past president Rebecca Ryder on her acclamation as the Region 2 Director to the RECO Board.
Celebrate YOUR Community – Stoney Creek
Stoney Creek is best known as the site of the Battle of Stoney Creek – a pivotal battle between a small force of British soldiers and a larger number of American troops in the War of 1812. (more…)