Tag Archives: Burlington Real Estate

Home Buyers Not Deterred by February’s Cold

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1079 property sales processed through it’s MLS® system in February 2015. This represents a 13.9 per cent increase in sales compared to February of last year.

There were 1450 properties listed in February, an increase of 2.6 per cent compared to the same month the year prior. End-of-month listing inventory was 11.3 per cent lower than last February.

“The record cold month of February didn’t keep the buyers away,” said RAHB CEO Ross Godsoe. “Sales were not only up from last year, but were about five per cent higher than the average for the month of February.”

Seasonally adjusted* sales of residential properties in Burlington, Ontario for Feb 2015

“While there were more new listings in February of this year than there were last February, new listings are still about 12 per cent lower than the 10-year average for the month,” added Godsoe. “That is having an impact on the listing inventory. The higher than average sales coupled with lower than average new listings plus continued low listing inventory is keeping our area firmly in a seller’s market.”

If you’re looking for someone to help you buy or sell a home in Burlington, ON get in touch with Burlington’s Top REALTOR® Lori VanDinther.

Move-Up Buyers Set To Increase Their Stake In Homeownership

Move-up Buyers Report 2013

Supported by serious upward appreciation over the past decade, value-conscious homebuyers continue to drive demand for move-up product in the Burlington.

Supported by serious upward appreciation over the past decade, value-conscious homebuyers continue to drive demand for move-up product in the Burlington Area. The greatest trade-up activity is occurring between the $450,000 to $600,000 price point in Burlington. Last year, sales in that segment of the market represented 23 per cent (705 units).

The figures are expected to increase this year as more experienced buyers move to take advantage of lower interest rates and equity gains. Average price in Burlington has almost doubled in the past decade, rising from $183,442 in 2002 to $360,059 in 2012, for an annual compounded rate of return of close to 7 per cent.

In Burlington, trade-up purchasers are looking to the northwest quadrant of the city where older homes on larger, well treed lots represent good value. Many move-up buyers are willing to undertake renovations, such as updating kitchens and bathrooms, in order to realize ownership in these established areas. As a result, sales in the northwest were up 86 per cent in 2012, compared to one year earlier. Those willing to spend closer to $600,000 are choosing mid-southeast communities in Burlington, south of the QEW.

Property Value Appreciation in Burlington, Ontario
5 Year 34 % (6.02 % annually)
10 Year 96 % (6.98 % annually)

Offering some of the most affordable housing in Southwestern Ontario, inventory is expected to be tight this spring in Burlington, with under 100 properties currently listed for sale at the move-up price points.

For complete information you can download the Move-up Buyers Report 2013.

Thinking of moving or buying a house in Burlington? I’d be delighted to help you!
As a long time resident of this gorgeous city and a dedicated Burlington RE/MAX Realtor I will put my knowledge and experience to work for you and help you make the right moves.

To Sell or Not to Sell – during the Christmas holidays

Photo of Christmas Decorations

During the holidays keep the decorations to a minimum. Don't block or cover up important selling features such as fireplace mantels, stairs, stained-glass windows.

With the Christmas holidays quickly approaching people ask me every year: Is it a good idea to list and sell my home in the month of December?

Typically, I would suggest to my clients to wait until the new year if they can, because a lot of potential buyers have their minds on other things like: shopping, baking, numerous Christmas parties, etc.
Having said that, each year can vary.. This year, and I mean like right now, I would actually say it is still a good idea to list and sell your Burlington home because there is a shortage of nice Townhomes, Condos and Detached Homes on the market. Low supply and high demand still exists in Halton Region in December 2012.

Buyers are still seriously looking and ready to buy. So, as a seller you have very little competition – which often means quick sale and top dollar! Timing is always crucial in any market, so if you’re thinking of listing your home do it now and you’ll have 2 solid weeks before things really slow down.

One other thing – people out looking at this time of year and through the holidays, tend to be more serious buyers. If you do decide to go on the market, here are some quick tips on Decorating you Home for “Selling”.

  • Remember you never get a second chance to make a first impression
  • Keep your front entrance clear of snow, a nice welcome mat and an urn(s) with a fresh evergreen arrangement by the front door
  • Tone down the size of tree, if you have a really BIG Christmas tree – consider going smaller (slimmer) for this year
  • Only have a few nicely wrapped gifts, under the tree and put the rest under a bed or in a closet
  • Use more splashes of red than green because red is an emotionally appealing color
  • Use greenery instead such as fresh evergreen or rosemary garlands
  • Display centerpieces made from pine cones or other wintry pieces of nature
  • Set a plate of cookies on the counter, next to festive paper napkins for guests
  • Simmer spicy apple cider in a pot on the stove then turn it off and leave it sitting for the fragrance to linger

If you do decide to wait until the next year, try to get your home listed as soon as possible after the holidays. The longer you wait, the more competition you may have. Trusting this has been helpful info and feel free to contact me if you have any other questions and remember – I would be delighted to “Help You Make The Right Moves” any time of the year!

Have a Safe and Happy Holiday Season!

– Lori VanDinther and Team, Burlington Realtor