January Stats

February 12, 2018

Remu

 

 

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 cent lower than the same month last year, with the average sale price up 4.2 per cent for the month. Seasonally adjusted numbers of new listings were 6.7 per cent higher than January of 2017.

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Overall residential sales of 627 units were 27.1 per cent lower than January last year. Residential freehold sales were 28 per cent lower than the same month last year while sales in the condominium market were 23.7 per cent lower.

The median price of freehold properties increased by 7.8 per cent over the same month of the previous year while the median price for condominium properties increased by 5.8 per cent compared to the same period.

The average price of freehold properties was virtually the same as in January 2017; the average sale price in the condominium market increased by 6.9 per cent compared to the same period.

Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® System. 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. Contact a REALTOR® for information about your area or property.

“The most dramatic changes from last year to this are the number of days on market and the end of month listing inventory,” said O’Neill. “Last year we had few properties available so they were being snapped up quickly, while this year, with more listings on the market, buyers generally have more time to comparison shop.”

The average number of days on market increased to 46 days from 31 days in the freehold market and increased to 38 days from 28 days in the condominium market, compared to the same month last year.“While it is hard to know for sure, the new mortgage stress test that became effective January 1, 2018 may have affected sales for the month,” noted O’Neill. “After an initial drop in sales after the April announcement of the Ontario Fair Housing Plan, sales were higher than the 10-year average again for the last three months of last year. Now, after the second government policy has come into effect, sales have dropped off once more. Whether this is a lasting pattern is still to be seen.”

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data. 

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This Weekend in Hamilton

February 02, 2018

Weekend

Friday February 2nd

Harry Potter Epic Friday: Harry Potter & the Sorcerer’s Stone @ Zoetic Theatre
526 Concession Street
7:00 pm
Tickets:  https://thezoetic.ticketleap.com/harry-potter-epic-fridays-harry-potter-and-the-sorcorers-stone/
Every month The Zoetic will be showing a different Harry Potter movie.

Friday Free Night @ Art Gallery of Hamiton
123 King Street West
Free admission, donations are welcome
The first Friday of every month admission to the AGH is free from 4:00 to 8:00 pm.   You can also go on a free exhibition tour at 6:00 pm.

 

Saturday February 3

Hamilton Winterfest@ Gage Park
Noon until 3:00 pm
Free
Runs February 3 to 19th & includes winter inspired celebrations, theatre, heritage & recreation programming.

 

 

January 20 to April 15


Winter Exhibit: Frogs @ RBG
2 special exhibitions & daily, family friendly activities!
https://www.rbg.ca/frogs-dailyevents


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This weekend...

January 26, 2018

Weekend

 

January 26th, 27th & 28th

Winterblooms @ Dundas Valley School of Art
All ages, Free
Friday & Saturday: 10:00 am to 4:30 pm
Sunday 10:00 am to 4:00 pm
Beautiful floral displays & great art in the midst of winter

Friday January 26th

4th Annual Winter Beerfest @ 3063 South Service Road, Burlington
$30 at the door
5:00 pm to 11:00 pm
Beer & beer food pairing in partnership w local restaurants & progressive craft brewers from across the provinces.

Saturday January 27th

Free Dino & Unicorn Head Kids Craft @ Terra Hamilton
340 Highway 20 RR#1
Children, Free
10:00 am – noon
Free kids workshop where they will learn how to seed a 4” planter with grass and paint a pot.  Paint friendly attire is recommended.

Food For Kids Fundraiser – Comedy Stage Hypnosis @ Staircase Café Theatre
27 Dundurn Street North
Cost $12, https://events.staircase.org/?event=5826732
7:30 pm
Fundraiser for Food for Kids, which provides packages of healthy food for kids aged 1-14 with limited or no access to food each weekend. 

Sunday January 28th

BlissFlow Yoga
93 Emerald St N
10:30 am to 11:30 am
Pay what you can
Smooth paced yoga flow incorporating a balanced sequence of standing, seated and relaxation posts


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This Weekend in Hamilton

January 19, 2018

Weekend

 

Looking for something to do this weekend?  Here are a few things happening in and around Hamilton this weekend.

 

Saturday January 20

Meditation @ Sirimangalo International Meditation Centre
31 Beaucourt Rd, Hamilton ON, L8S 2R1
9 am to 4 pm
Free, All ages
Meditate, learn how to meditate or ask questions about your practice.

Learn How to Read Paintings @ Central Library (55 York Blvd)
2 pm
Drop in
Learning tools, terms & contexts that can help you better understand & analyze paintings.

Merit Brewing Tour & Tasting @ Merit Brewing (107 James Street North)
2 to 2:30, $10 + HST
Tour the brewery, taproom & bottle shop, discover how beer is made.  Includes 12oz of beer samples.

Intro into the World Wide Web @ Central Library (55 York Blvd)
10 am to 12
Learn basic techniques for successful searches & how to use search engines

Lego Mania @ Hamilton Public Library – Kenilworth Branch (103 Kenilworth Ave North)
2 pm
Drop in to build & play with Lego, which is provided for use in the  library.

 

Sunday January 21

Mindful Art Marking @ Circle Studios (12 Ferguson Ave, Main Floor)
1 to 2:30 pm
Adults, $25
You will be led through a guided meditation in a compassionate, creative space & create art for relaxation.

Genealogy Workshop @ Erland Lee Museum (522 Ridge Road in Stoney Creek)
1:30 to 3:30 pm
All ages, $10 – call 905-662-2691 to register
Features a seminar that will assist participants in searching for their family history, outlining the resources available to genealogists.

Thai Chi @ 947 Rymal Road East
10 to 12 noon
All ages, free
The leader uses gentle and flowing movements in various directions with fresh air to lead.
For more details: 905-527-7255

Beer Dinner & Beer Release @ Merit Brewing Company (107 James Street North)
6 to 11:30 pm
$55, 19+
5 courses, 5 beers 


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December Stats

January 16, 2018

Remu

 

 

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, with the average sale price up 9.1 per cent for the month. Seasonally adjusted numbers of new listings were 10.8 per cent higher than December of 2016.

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Overall residential sales of 713 units were 15.7 per cent lower than December of the previous year. Residential freehold sales were 10.3 per cent lower than December, 2016 while sales in the condominium market were 34.2 per cent lower.

The median price of freehold properties increased by 7.8 per cent over the same month of the previous year while the median price for condominium properties increased by 49.1 per cent compared to the same period.

The average price of freehold properties showed an increase of 7.4 per cent compared to December of 2016; the average sale price in the condominium market increased by 22.6 per cent compared to the same period.

Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® System. 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. Contact a REALTOR® for information about your area or property.

“Prices continue to increase compared to the previous year, even though, from month to month, they have followed a pattern of coming down from the high of the spring market,” says O’Neill.

The average number of days on market increased to 41 days from 30 days in the freehold market and increased to 39 days from 17 days in the condominium market, compared to December of the previous year.

“With the increase in the average days on market, buyers should find they have more time to view and compare properties,” noted O’Neill. “We always advise buyers and sellers to use the services of a REALTOR® for their home purchase or sale because REALTORS® are knowledgeable in changing markets. Real estate is always local, and a REALTOR® can provide insights about various neighbourhoods that aren’t necessarily evident from statistics.”

Every community in RAHB’s market area has its own localized market. Refer to the accompanying chart, and please ensure you contact a local REALTOR® for professional advice.

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

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This Weekend in Hamilton

December 20, 2017

Christmas_card_2017

Looking for something to do this weekend in Hamilton?  Look no further!

Christmas Evening Tours – Dundurn National Historic Site
December 21, 22
7:00 pm – 9:00 pm
Cost $30, pre-registration required.
Phone: 905-546-2872 Email: dundurn@hamilton.ca www.hamilton.ca/dundurn
Carol singing, tour, samples of traditional Christmas foods.

Team Canada (World Junior Hockey) vs Switzerland – 101 York Blvd
December 22
Cost – go to ticketmaster to purchase tickets

Winter Lights at the Rock – 1185 York Blvd
December 22 and 23
5:00 pm – 8:30 pm
Cost $10

Harper’s Holiday Market – 1039 Wilson Street East, Ancaster
December 23
10:00 am – 3:00 pm
Cost – free
Local vendors promoting food, art & crafts!

Home Alone Christmas Dance Party – Club Absinthe, 38 King William St
December 23
10:00 pm – 2:00 am
Cost - $5
A chance to dance to cheesy 90’s music
https://www.ticketfly.com/purchase/event/1607862


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