Hamilton/Burlington Real Estate News - AUG 2021
HAMILTON-BURLINGTON REAL ESTATE UPDATE
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,275 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in July 2021. Sales were down 20 per cent since last month, and they were down 20 per cent since July 2020.
New listings were down 24 per cent since last month and down 20 per cent since last July. The average price for residential properties was $847,104 which was a decrease of two per cent from last month and up 22 per cent from July 2020. The inventory available at the end of the month remained at 0.8.
“Since the pandemic began, the RAHB market area has been anything but predictable and each new month has brought historic highs and lows,” says RAHB President Donna Bacher.
“Overall this month, we are seeing the number of sales and active listings slightly decrease compared to the previous four months which is inline with seasonal trends. We are continuing to experience high demand coupled with record-low inventory in almost all property types which is driving sale prices.”
The number of sales of detached properties in the RAHB market area decreased by 17 per cent in July 2021 compared to June 2021. The number of new listings was down 26 per cent, and the average sale price decreased by four per cent to $933,927 from last month. The number of active listings for detached homes has increased by 17 per cent compared to June 2021.
“Detached homes in the RAHB market area saw a slight decrease in the average price compared to last month. July and August tend to have slower sales activity due to fewer properties being listed,” says Bacher.
The number of sales of townhomes in the RAHB market area decreased by 26 per cent in July 2021 compared to June 2021. The number of new listings of townhomes was down 20 per cent, and the average sale price increased by two per cent to $735,606 from last month. The number of active listings for townhomes has increased by two per cent compared to June 2021.
“Townhomes, when comparing July 2021 to June 2021, saw an overall decrease in the number of sales and new listings. Townhomes were the only property type to see an increase in the average price in the RAHB market area with a slight increase over last month. “
“The amount of inventory remaining at the end of April saw a small boost compared to last month. What this means is that townhomes continue to be a good option for buyers who are looking for more space than a condo at a more affordable price tag than a detached home.”
The number of sales of apartment-style properties in the RAHB market area decreased by 28 per cent in July 2021 compared to June 2021. Compared to last month, July 2021 saw the number of new apartment-style listings decrease by 21 per cent, and the average sale price decreased by two per cent to $521,552.
“Across all housing types, apartment-style properties saw the most notable decrease in the number of sales when comparing July 2021 to June 2021.
These types of properties continue to be an affordable option with the average price remaining around $500,000. The average price of a condo continues to be very attractive to both buyers and investors in the Hamilton-Burlington area.”
FEATURED LISTING-BUNGALOW IN VINELAND
Welcome to 3938 Sunset Lane in Vineland. This stunning detached bungalow, located in a Land Leased and Gated Community known as Cherry Hill Estates (55+ community).This home includes 2 bedrooms (en-suite access with the master bedroom), 2 bathrooms, with basement space for storage, and a stunningly updated kitchen and hardwood flooring throughout. The amenities available are: Outdoor Swimming Pool, library and fitness centre, party room for entertaining and social clubs and activities to join and meet your neighbours! Very community oriented with extras such as a Darts Club, Card game nights, and many other social programs available! Enjoy the view of the beautiful vineyards that the home backs onto, while enjoying the spacious patio attached to the home out back. With no rear neighbours and a quiet gated community, this is a prime location to downsize and make your home feel like a vacation home. Nearby you will find award-winning wineries and local markets and shops to visit any day of the week. Don't miss the chance to live in the heart of Wine Country in a cozy community. Note: Fee's include - Property Taxes, Community Amenities and Common Elements Maintenance. (27605250)
Listed at $599,900
Call us at 905-308-8333 for more info
NOW THAT’S A SMOOTH MOVE!
The best way to ensure a smooth move is to write out a plan of action with a checklist and timeline that clearly states what needs to be done.
Start off by packing non-essential items like pictures and books. This is the perfect time to ruthlessly purge your “stuff” and either donate or sell any items you no longer use. Here are a few packing tips for the rest of your things:
- unscrew light bulbs from lamps
- water plants the day before the move
- take a photo of how your electronics are connected
- lay towels between pictures before bundling them up
- label the sides of boxes so you can read them when they’re stacked
Make sure to pack and label a box of essential items (sheets, towels, toilet paper, coffee, dishcloths, garbage bags, etc.) to help see you through the first few days in your new home. You’ll also want to:
- disconnect and reconnect your utilities
- submit your change of address to the post office
- ensure your insurance policy covers you during the move
- reserve the service elevator if you’re moving to a condo
- transport small valuables and personal documents yourself
The more organized you are, the less stress you'll endure and the more fun you’ll have. If you follow these tips, you’ll have fond memories of the last day in your old home. Just don’t forget to take one last family photo before you leave!
FOOD FOR THOUGHT IN HAMILTON-BURLINGTON
Buying locally grown “farm to table” food from places such as the Hamilton Farmers Market or the Burlington Centre Lions Farmers Market also helps support our amazing local farmers. Here’s some food for thought:
Nutritious
Minimizing transportation reduces damage and helps produce retain its nutritional value.
Greener
Transporting food long distances is detrimental to the environment as it requires extra packaging and fuel emissions.
Tastier
With no need for long-distance travel, produce is picked at peak freshness so it's loaded (pardon the pun) with taste.
Preservation
Buying locally grown food helps protect farmland and wildlife from sprawling urban development.
Convenient
Many neighbourhoods have agricultural groups such as Dundurn Market that provide a weekly box of fresh, locally grown produce that can oftentimes be delivered right to your door!
So there you have it – buying local is miles better! For a fun day out, visit a “pick your own” fruit farm. Not only will you be able to eat the tastiest fruit around but you'll also help the environment by cutting down on packaging.
A FRESH TAKE ON MOVIE STARS
Transforming your backyard into your very own outdoor movie theatre is easier than you might think!
To get started, figure out where you’re going to set up your screen and projector. A smooth wall or a well-ironed white sheet hung from a laundry line or tree can be used for a quick and easy screen.
You’ll want the screen as smooth as possible so if you’re using a sheet, pull it taut so that it doesn’t wrinkle. If you love to DIY, you can make a sturdy frame or go all out and purchase a portable screen or even an inflatable screen!
For sound, you can use your projector’s speakers or to liven things up, you can hook up some Bluetooth speakers for true cinema sound.
To create a comfortable stylish feel, spread out a few blankets and pillows, hang up a hammock and string up some outdoor lights for a relaxed ambiance.
Finally, turn things up a notch by setting up a popcorn station or serving a fun, sweet treat at “intermission” and decorate around the theme of the movie.
This fun and unique set-up is great for family movie nights, a romantic evening for two, a birthday party or watching your favourite sports team. For an even more memorable night, set up a tent and enjoy an outdoor sleepover after the movie!
