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October 2018

 

 

Favorite Bathroom Upgrades

 

If you're planning a bathroom remodel, consider adding a few of these fabulous features. From radiant-heat flooring to a roomy whirlpool tub, these upgrades will require a small investment but you'll reap restful and stylish rewards.


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RAHB

RAHB REALTORS® Release August Statistics

Oct 3, 2018 | Press Releases

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 948 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in September, 2018.This is a 4.6 per cent increase over the same month last year. Year to date, sales are 18.8 per cent lower than last year at this same time.

The Sales to New Listings Ratio, which can point to whether a market is in favour of sellers (above 60 per cent) or buyers (below 40 per cent) was 50.1 per cent. This indicates the overall residential market for the RAHB area is in a balanced position (between 40 to 60 per cent). Last year for September, the ratio was at 43.7 per cent – still considered balanced but trending towards a buyers’ market.

“A balanced market is good for everyone – buyers and sellers both,” says RAHB CEO George O’Neill. “There is a good inventory of listings and a good number of buyers. The three-month inventory of listings is the highest we’ve seen in a September for the last five years.”

 

 

 

The number of sales for single family properties within the entire RAHB market fell compared to last year, while the average sale price remained virtually the same. Townhouse sales activity was down from 2017, and the average townhouse sale price was down from last year, as well. Apartment-style property sales were down from last year; however, average sale price was up compared to September 2017.

When the major areas within RAHB”s market are isolated, Hamilton and Haldimand County both saw an increase in overall average sale price, while Burlington and Niagara North experienced a decrease in overall average price.

 

Over the last month, RAHB implemented the Canadian Real Estate Association’s (CREA’s) MLS® Home Price Index (HPI) for RAHB REALTORS® to use and benefit their clients. The MLS® HPI is based on MLS® listing content and takes into account various details of a property, such as number of bedrooms, age of the home, lot size, number of fireplaces, number of bathrooms, type of foundation, and other relevant attributes.

“Combined with the knowledge, experience and skills of a RAHB REALTOR®, the MLS® HPI provides an even better understanding of trends and how they can affect the market value of a home,” adds O’Neill.

The MLS® HPI Composite Benchmark can be classified as the “typical” residential property within a given area. For example, below is the composite benchmark price compared to the overall average residential price for the entire RAHB market over the past decade.

 

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

 

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The House & Home

Benjamin Moore Announces 2019 Color Of The Year!

Benjamin Moore just revealed its 2019 Color Of The Year as Metropolitan (AF-690). A cool grey, this tranquil hue encourages a moment of calm amidst the chaos of modern day life. “It’s a color in the neutral spectrum that references a contemplative state of mind and design. Not arresting nor aggressive, this understated yet glamorous grey creates a soothing, impactful common ground,” says Ellen O’Neill, Benjamin Moore’s Director Of Strategic Design Intelligence.


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2017 Year End Stats

2017 YEAR-END

Stats for 14 communities and prices from 1955 to 2017. Neat stuff.

 

They Say Referrals Are The Highest Compliment

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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The Opus Team
Streetcity
leading real estate companies of the world
MLS
Streetcity Realty Inc., Brokerage
247 Centennial Parkway N., Unit #15
Hamilton, Ontario, L8N 1E8, Canada

Hamilton Office: (905) 664-5000
Burlington Office: (905) 634-9476
Fax: (905) 662-7171

© 2016-2018 The OPUS Team

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