January 2018 – Hamilton Real Estate Statistics

MID-WINTER CHILL ON SALES PRESS RELEASE – For immediate release February 5, 2018 (Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 660 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in January, 27.2 per cent fewer than the same month last year and 12.5 per cent lower than the 10-year average for the month. All property listings were 6.3 per cent higher than the same month last year and 22.3 per cent lower than the 10-year average. “We definitely saw a real estate market hit by the winter chill,” said RAHB CEO George O’Neill. “Both listings and sales were considerably lower than the 10-year average for the month of January. Even so, with more listings at the end of the month than last year, we have a more balanced market, with a sales-to-new listings ratio of 56.7 per cent and over three months of listing inventory for the residential market.” Seasonally adjusted* sales of residential properties were 30.6 per … [Read more...]

Why You Shouldn’t Sell Your Home Without a Real Estate Professional

So you’ve decided to put your house on sale. Awesome! This is a huge financial move. Now, the important question is whether you’re going at it alone or seeking help from a real estate professional. Many people might argue that with an abundant amount of information on the Internet, you don't need a real estate agent. But selling a house is a complicated process. That’s why 95% of buyers purchase their home through a real estate broker. Even though sometimes DIY is a good thing, when it comes to selling your home, you should definitely consider hiring a professional. Why You Should Sell Your Home with a Real Estate Professional 1. Knowledge and Experience How many houses does an average person sell throughout their life? Perhaps a couple. How many houses does a real estate agent sell throughout their career? Quite a lot. Real estate agents know what the market wants. They’ve gone through tons of forms, reports and technical documents many times. It’s their job to … [Read more...]

5 Can’t-Miss Tips for Selling Property in Ontario

If you've been thinking about listing your home, right now is a great time to be selling property in Ontario. The average selling price of homes in the Hamilton-Burlington area for April was up by 21.8% over April of last year. Houses are selling fast. That means there is a shortage of listings to keep up with the demand. Unfortunately, even in this hot market, I've seen properties taking too long to sell. Sometimes sellers and their agents aren't doing everything possible to make the sale happen. Whether you are just beginning to think about listing or are currently waiting for your home to sell, here are my 5 can't-miss tips to selling property in Ontario. 1. When Selling Property, Good First Impressions Count In real estate, first impressions matter a lot. The first time a buyer sees your property is often the only time. You need to make sure that the first time they view it everything is at its best. In today's market, most buyers view … [Read more...]

Hamilton/Burlington 2017 Year End Statistics

MARKET TURNAROUND IN 2017 PRESS RELEASE – For immediate release January 19,2018(Hamilton,Ontario) The REALTORS® Association of Hamilton-Burlington reported 15,565 all-property sales through the Association’s Multiple Listing Service® (MLS®) System in 2017, 5.9 per cent fewer sales than in the record-breaking 2016. Even while sales were down from the previous year, the total dollar volume of sales reached a new high of $8,972 billion, which resulted in a 14.4 per cent increase in all-property average sale price for the year. “The real estate market in 2017 was notable for the abrupt change through the spring,” noted RAHB CEO George O’Neill. “The market went from a strong, prolonged seller’s market, where the average time to sell a property was 14 days, to a more balanced market where buyers had more time to view and compare properties before putting in an offer to purchase. ” In the residential market, listings were up 16.4 per cent compared to the previous year and sales … [Read more...]

Home Owner’s Guide to Selling High in Ontario

When you're in real estate, you get asked a lot of questions about how to sell your home for the best price. It's natural. You've invested a lot of time and money into your home, and you want to make sure you get back what you put into it. But there is an art to ensuring that you sell your home at a margin that works for you. Selling high includes doing some research first Luckily we've done some of the research for you. Here is a homeowner's guide to selling high in Ontario. Selling High Starts with Crunching a Few Numbers To properly estimate how much money you can make from selling your home, you start by deducting your current mortgage from your asking price. Then you have to also deduct the following: Buyer Agent Commission Excise Tax Title Insurance Closing Costs Legal Fees But that's not all. You may also have to invest in: Home Staging Moving Costs Home Repairs: Most of the time, I recommend making small repairs, like replacing an old … [Read more...]

Home Staging Tips for Owners Who Want to Sell Now

When you're ready to move to a new home, you don't want your old property to sit around on the market forever.  If you want to sell your home quickly, and get your asking price to boot, then you should consider home staging. Staged homes will spend half the time on the market than non-staged homes. In fact, homes that have been staged on average sell in just 42 days. Check out these home staging tips to get your home sold fast.  Curb Appeal is Real Everyone talks about curb appeal when buying or selling homes, and it's a hot topic for a reason.  First impressions are everything when selling. Some prospective buyers will drive by listings to check them out before they even consider doing a tour. If the outside of your home leaves something to be desired, then you're already losing potential buyers.  Make sure your walkways are power washed, your landscape is fresh and inviting, and any porch areas are clean and tidy. This shows the property is … [Read more...]

Hamilton Real Estate – December 2017 statistics!

NO CHILL ON DECEMBER SALES PRESS RELEASE – For immediate release January 4, 2018 (Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 753 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in December, 16.4 per cent fewer than the same month last year but 5.2 per cent higher than the 10-year average. All property listings were 11.4 per cent lower than the same month the previous year and 10 per cent lower than the 10-year average. “December is traditionally the slowest month for listings and one of the slower months for sales,” said RAHB CEO George O’Neill. “Sales were actually quite good for a December – better than average and better than the comparison to the previous year might suggest. We saw record sales for the month of December in 2016, so it’s no surprise that this December’s numbers were lower.” Seasonally adjusted* sales of residential properties were 1.4 per cent lower than the same month last year, … [Read more...]

Hamilton Real Estate – November Statistics – Listings, Listings, Listings!

    MORE LISTINGS FOR HOME BUYERS  December 5 , 2017 ( Hamilton, Ontario ) The REALTORS ® Association of Hamilton - Burlington (RAHB) reported 1,096 sales were processed through the RAHB Multiple Listing Service ® (MLS ® ) System in November, 16.7 per cent fewer than the same month last year but 3.3 percent higher than the 10 - year average . All property listings were 8.7 per cent higher than the same month last year, 18.9 per cent higher than the 10 - year average , and fell just short of the high for the month of November   “ We continue to see a healthy number of listings coming onto the real estate market, which is a welcome relief from the low inventory earlier this year,” said RAHB CEO George O ’ Neill. “Although sales are down compared to last year, they are still higher than average, which means there are also still lots of buyers.  Seasonally … [Read more...]

Hamilton Real Estate – October Statistics – Rebounding…

MARKET BOUNCING BACK? PRESS RELEASE – For immediate release November 3, 2017 (Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,317 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in October, 6.5 per cent fewer than the same month last year and 10.9 per cent higher than the 10-year average. All property listings were 12.2 per cent higher than the same month last year, 14.3 per cent higher than the 10-year average, and set a new record for the month of October. “We are continuing to see more listings come onto the market after the severe shortage we saw earlier this year,” said RAHB CEO George O’Neill. “Sales have also rebounded a bit after the lower sales we saw over the last three months, resulting in a sales-to-new-listing ratio at 69 per cent in the residential market. After a few months in a more balanced market, we have just had a month where we moved to the lower end of a seller’s market again. We don’t … [Read more...]

Hamilton Real Estate – September 2017 – The sky is not falling…

MORE LISTINGS, FEWER SALES PRESS RELEASE – For immediate release October 4, 2017 (Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 2,296 new listings were processed through the RAHB Multiple Listing Service® (MLS®) System in September, which is 17.2 per cent higher than the same month last year and 16.7 per cent higher than the 10-year average. All property sales were 23.4 per cent lower than the same month last year, and 13 per cent lower than the 10-year average. “The trend to higher numbers of listings and fewer sales through the month has continued,” said RAHB CEO George O’Neill. “This month’s listings were actually the highest we’ve seen for the month of September. Our sales to new listings ratio is down to the 44 per cent range, which is a big change from the 80 per cent-plus it was earlier this year and the 70 per cent range from last September.” Seasonally adjusted* sales of residential properties were 18.9 per cent lower than the … [Read more...]