Sep 9, 2015 | MLS®, Stats & Technology |
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 – 36, 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
Aug 10, 2015 | MLS®, Stats & Technology |
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 – 36, 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
Aug 10, 2015 | MLS®, Stats & Technology |
Aug 7, 2015 | MLS®, Stats & Technology |
(August 6, 2015 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1624 sales processed through the RAHB Multiple Listing Service® (MLS®) System in July. While this was no record-breaking month, sales were still 4.4 per cent higher than the same month last year and 27.1 per cent higher than the historical 10-year average.
There were 1,968 properties listed in July, a decrease of just under one per cent compared to the same month the year prior. The lower number of listings plus the increase in sales left the end-of-month listing inventory 13.7 per cent lower than last July.
“It’s still all about lack of inventory,” said RAHB CEO Ross Godsoe. “After three record-breaking months in a row, there is just over two months of listing inventory – a sure indicator of a continued seller’s market.”
Seasonally adjusted* sales of residential properties were 5.9 per cent higher than the same month of the previous year, with the average sale price up 5.7 per cent for the month. Seasonally adjusted numbers of new listings were six per cent higher than the same month the year prior.
Seasonally adjusted data for residential properties for the month of July, 2015:
Actual overall residential sales of 1564 units were 4.8 per cent higher than the previous year at the same time. Residential freehold sales were 6.4 per cent higher than last July while sales in the condominium market decreased by 1.7 per cent.
“The sustained seller’s market is particularly evident in the condominium market,” added Godsoe. “Sales may have been down compared to last year, but so were new listings. There isn’t even a month and a half of inventory in the condo market, and the sales-to-new-listing ratio is an astounding 96 per cent in that sector.”
The average price of freehold properties showed an increase of 4.9 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 7.7 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 36 to 33 days in the freehold market and from 39 to 30 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 12.2 per cent higher compared to the same period last year; listings are six per cent higher than last year and the average sale price is 7.8 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.
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Aug 7, 2015 | MLS®, Stats & Technology |
An important part of your transition to the Regional System is the new Data Entry Forms.
Why change our Data Entry Forms?
The new Regional System will operate on one single database and schema, and the data going into this database needs to come from one single set of forms. The eight Boards/Associations participating in the Regional System were all using different forms, so a brand-new common set of Data Entry Forms was created. Creating new forms gave us the opportunity to conduct some considerable housekeeping and address past issues. In addition, some fields had quite a legacy, and many new technologies now reduce or eliminate the need for certain data to be manually populated.
Here is what you need to know about the new forms:
1.
You will be required to use these forms beginning with listings you will be entering into Matrix starting on Tuesday, September 29, 2015. These forms are not to be used for listings you are entering into Fusion.
2.
There will be just TWO Data Entry Forms:
RESIDENTIAL (FREEHOLD; CONDOMINIUM; MULTI-RESIDENTIAL; FARM/VACANT LAND [LOTS])
COMMERCIAL (COMMERCIAL RETAIL PROPERTY; INDUSTRIAL; INVESTMENT; OFFICE; SALE OF BUSINESS; STORE WITH APARTMENT/ OFFICE; VACANT LAND [COMMERCIAL])
Something new that you will immediately notice is that the fields are organized under common areas:
3.
The Data Entry forms will be available early/mid September. You may place your advance order now with the Realty Shoppe realtyshoppe@rahb.ca or 905.529.5979, for pick-up or shipment.
4.
The new forms will be available on WEBForms® in time for the cutover to Matrix (late September).
Watch REALINFO and The Shift for more exciting new information about the new forms!
Aug 6, 2015 | MLS®, Stats & Technology |
Beginning with the cutover to Matrix on September 29, 2015, members will need to use some new listing statuses within the MLS® system.
NEW
Incoming – Assigned an MLS® #, but not active on the MLS® system
Pending – Sold firm, deal has not closed
Active – Active on the MLS® system
Suspended
Expired
Sold – Sold firm, deal has closed
Withdrawn/Cancelled
Information Withheld
Members will continue to use the current listing statuses until cutover to the Regional MLS® System in September.
Aug 6, 2015 | MLS®, Stats & Technology |
RAHB begins running Matrix in parallel with Fusion on Monday, August 24, with the final cutover to Matrix on Tuesday, September 29.
Register now for a Matrix orientation session:
- Tuesday, August 25
Grand Olympia, 660 Barton St., Stoney Creek
Sessions: 9 – 11 a.m., 12 – 2 p.m., 3 – 5 p.m.
- Wednesday, August 26
Holiday Inn, 3063 South Service Road, Burlington
Sessions: 9 – 11 a.m., 12 – 2 p.m., 3 – 5 p.m.
Register with Camryn at camrynh@rahb.ca or 905.529.8101 x251
(Note: coffee and water will be provided at the sessions.)
Want to know more about Matrix and how you can prepare? Watch for issues of The Shift coming to your email inbox. Check out past issues on REALTOR Link® (REALTOR Link® > MLS > Regionalization or use the The Shift button on the RAHB home page).
Jul 8, 2015 | MLS®, Stats & Technology |
Jul 8, 2015 | MLS®, Stats & Technology |
(July 6, 2015 – Hamilton, Ontario) For the third month in a row, the REALTORS® Association of Hamilton-Burlington (RAHB) reported record breaking sales in the Greater Hamilton, Burlington and outlying areas. June’s 2062 property sales processed through the RAHB Multiple Listing Service® (MLS®) system smashed the record of 1810 sales set just last month.
June sales were 31.2 per cent higher compared to June of last year, and a whopping 43 per cent above the historical average for the month.
There were 2,526 properties listed in June, an increase of 12.9 per cent compared to the same month the year prior. However, the increase in sales left the end-of-month listing inventory 12.2 per cent lower than last June.
“The real estate market exploded in June,” said RAHB CEO Ross Godsoe. “To break the old record – set just last month – by that much and for the second month in a row, shows just how active it was. We saw more areas throughout Hamilton in particular where homes sold at or above list price as an average – not just in isolated cases.”
Seasonally adjusted* sales of residential properties were 22.3 per cent higher than the same month of the previous year, with the average sale price up 9.5 per cent for the month. Seasonally adjusted numbers of new listings were 6.5 per cent higher than the same month the year prior.
Actual overall residential sales of 1,985 units were 30.2 per cent higher than the previous year at the same time and also a new record for residential sales. Residential freehold sales were 29.6 per cent higher than last June while sales in the condominium market saw an increase of 32.4 per cent.
“Inventory is extremely low,” added Godsoe. “We are deep into a sellers’ market right now. The two main indicators are the sales-to-listing ratio, which is high at almost 85 per cent in the residential market, and months of inventory. Right now we have less than two months inventory. That is extremely low when you consider that a balanced market has five to eight months of inventory.”
The average price of freehold properties showed an increase of 10.4 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 8.2 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 35 to 29 days in the freehold market and from 37 to 30 days in the condominium market when compared to the same month the previous year.
Year to date, sales are 14 per cent higher compared to the same period last year; listings are 7.1 per cent higher than last year and the average sale price is 8.4 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.
Jul 7, 2015 | MLS®, Stats & Technology |
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
Jul 7, 2015 | MLS®, Stats & Technology |
RAHB will be discontinuing Topsheets and Dailies as of September 24, 2015. This will (approximately) coincide with the cutover to Matrix.
All of the information in the Topsheets and Dailies will be searchable in Matrix. Members who currently access Topsheets and Dailies will be able to set up their own Hotsheets and Market Watches in Matrix and customize the information they wish to see.
Information about how to set up your own Hotsheet and Market Watch will be available well in advance of the cutover to Matrix.
Jul 7, 2015 | MLS®, Stats & Technology |
After a brief delay due to development delays, a new date has been set for RAHB and the rest of the STARRS group to access Matrix, the platform for the new Regional MLS® System.
There will be a “parallel” period when Fusion and Matrix will run side-by-side – this will begin near the end of August (final date to be released soon). During the parallel period, you will be able to get information in Matrix and set up some of your personal preferences, but you will not be able to broker load or edit in Matrix; those functions will still be done in Fusion.
Final cutover to Matrix – when access to Fusion is cut off – will be Tuesday, September 29. At this point, all listing functions will be done in Matrix.
Cutover to the Regional MLS® System is taking place in two stages: the Cambridge, Guelph and Kitchener-Waterloo associations will access Matrix July 27 for the beginning of their parallel period. They will have their final cutover on August 25, right around the time when RAHB, the other members of the STARRS group and the Oakville-Milton association enter their parallel period.
This two-stage access should work to our advantage, as most of the inevitable bugs should be worked out by the beginning of the second stage parallel period.
You will be receiving more information about Matrix, the Regional MLS® System and what you can do to prepare for cutover – watch for issues of The Switch coming to your email inbox.
In the meantime, more information is available:
RAHB information: REALTOR Link® > MLS® > Regionalization
Regional information: http://onregionalinfo.ca
This just in! Matrix orientations have been rescheduled for August 25 and 26, 2015.
