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January 2020

 

 

Wishing everyone a healthy, happy and prosperous 2020!

 

 

RAHB

RAHB REALTORS® Release December 2019 Market Statistics

January 2020 | Press Releases

Hamilton, ON (January 3, 2020) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 585 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December 2019. This years December sales are up 3.9 per cent over December 2018; however, are down from both November and October of this year. The average price for residential properties increased by 7.6 per cent from December 2018 to $581,566.

“With the holidays and cold weather, sales tend to dip in December when compared to the previous months. It’s a trend we see almost every year,” says RAHB President Kathy Della-Nebbia. “A decrease in new listings and an increase in sales can equal less inventory on the market. With increased competition for the properties available, this looks to be an opportune time to sell your property.”

 

 

 

The number of sales for single family properties within the entire RAHB market increased by 6.8 per cent compared to the same month last year, and the average sale price increased by 8.2 per cent. Townhouse sales activity across the entire RAHB market area decreased from December 2018 by 7.6 per cent, and the average townhouse sale price increased by 1.4 per cent to $502,981. Apartment-style property sales increased by 14.8 per cent from December 2018, and the average price increased by 10.2 per cent.

 

 

 

“For the past few months, townhouses within the RAHB market area have experienced an increase in the number of sales and a decrease in the number of listings,” says RAHB CEO Carol Ann Burrell. “This, paired with increases in average price each month of 2019, shows that this is a popular property type for buyers – most likely due to its affordable price point.”

 

 

 

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.

*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. Talk to your local REALTOR®.

 

 

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Your House & Home

 

 

Five Home Improvement Trends To Watch In 2020

 

Do you track the home improvement industry? If you do, but didn’t make it to the Home Improvement Research Institute’s HIRI Summit last month, you can still benefit from the top takeaways shared by thought leaders presenting there.

The nonprofit trade organization is made up of global building products manufacturers, large chain retailers and allied entities in the supply chain and media. Here are five of the top trends they discussed, along with insights on what they might mean for you.The nonprofit trade organization is made up of global building products manufacturers, large chain retailers and allied entities in the supply chain and media. Here are five of the top trends they discussed, along with insights on what they might mean for you.


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Creative Basement Bar Ideas For Every Space And Style

 

If your basement functions more as a downstairs dungeon than a stylish hangout spot, there are ways—big and small—to make the most of your lower-level space. Whether your dreams of an at-home bar have been halted by lack of space or inspiration, the basement bars below are the perfect motivation to get cracking on your future boozy oasis.

From full-sized basements, to cozy little nooks, these creative bar ideas work for every space and style.

 


 

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The OPUS Team works 99% on referrals - a tribute of our dedication to our clients.

If you know anyone looking to buy or sell a property, we would really appreciate your referral.

 

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