Meadowland House Price Report

Transcription

1 Meadowland House Price Report July 2016

2 Prepared By BARBARA & TYSON BRANDOW REAL ESTATE GROUP SALES REPRESENTATIVES Not intended to solicit clients under contract with another Realtor

3 Here's Your Report! Dear Friend, Here s your Meadowland Price Report which includes a summary of all sold homes for the last 6 months in the Meadowlands. This report will give you a general idea of what homes (at least from the outside) are selling for today. As you probably know, there can be tremendous variation in what identical model homes sell for even on the same street! So please take this report with a small note of caution. The value of a home depends on factors besides just housing type and number of bedrooms. Things like market supply and demand factors, square footage, overall condition, upgrades, lot size and specific location are just some of the other key factors involved. Real estate consultants like us would be able to help you sort through these influences on value and keep you safe when its time to sell your home. Our intention was to create an easy to read report, full of valuable information about what a typical home sells for in The Meadowlands provided as a free service to local residents. Enjoy! Yours Sincerely; The Brandow Group Sales Representatives Re/max Escarpment Realty

4 Uncommon Knowledge pt: 1 Q-Should we finish our basement if we're considering selling?? A The best reason to finish your basement is for your own enjoyment while you live in your house. It can be a fun or practical or incomeproducing space. If you are thinking of selling, though, you have likely wondered whether it is worth finishing your basement to increase its market value. The answer is: See below :) The following stats are based on all Meadowland sales from Jan 2015 to date. We compared the average price of all sold properties WITH finished basements to all properties sold WITHOUT finished basements. There were a few hundred of each. The findings are quite interesting... Un Finished BSMT $573,730 Finished BSMT $601,675 Thats a difference of $27, It may sound tempting at first but according to many contractors the price ranges from $25 $35 per square foot. Using a simple calculation based on a 1000 sqft basement & you're looking at $25 35,000 depending on materials used! So, should you spend a dollar to make a dollar? We suggest no. There are much better ways to invest in getting top dollar for your home. Stay tuned for these TOP reno's or request a room byroom review for your home.

5 The graph below shows the average selling price of homes in the Meadowlands between Notice any trends? had marginal increases year over year while 2015 and 2016 have seen significant increases!

6 Freehold Townhouses Month Sales New Listings Ave. Price Med. Price % Sales to New Listings Ave. % List Ave. DOM January February March April May June , , , , , , , , % 400% 99% 104% Condo Townhouses Month Sales New Listings Ave. Price Med. Price % Sales to New Listings Ave. % List Ave. DOM January February March April May June , , , , , , , , , ,000 25% 166% 33% 83% 250% 99% 99% 101% Condo Townhouses Detached Month Sales New Listings Ave. Price Med. Price % Sales to New Listings Ave. % List Ave. DOM January February March April May June , , , , , , , , , , , ,000 88% 54% 129% 64% 233% 210% 97% 98% 99% 101% 98.45%

7 Weekly Appointment Report As important as recent sales are, buyers are comparison shoppers. This means current inventory and a bump or decline in buyer activity can mean thousands of dollars in or out of your pocket. Since Re/Max Escarpment sells more real estate then any other brokerage in the area, the below report gives us vital information in real time. It shows the number of showing booked per day, the average number of homes buyers are viewing before purchasing as well as the tops areas and price ranges for the week! WEEK: June 26-July 2, 2016 APPOINTMENT BREAKDOWN % appointments booked % change over previous week (holiday adjusted) total properties SOLD this week Sold Appointment Index This number measures the relationship between properties that Sold this week to the number of appointments made during the same week thereby measuring Buyer motivation APPOINTMENTS WEEK AT A GLANCE SOLD/APPT. INDEX- PAST 4 weeks may 4 THE STORY THIS WEEK: Activity in the Appointment Centre dipped slightly due to the Canada Day long weekend. However the total number of appointments booked for the month of June increased by 7.6% over the same month last year. There s no doubt we are doing bigger and better numbers through the years, but where is the action coming from? The Hamilton Mountain dominates the top 5 spots in appointments booked, and we see million dollar homes selling in Burlington again. Our very low Sold/Appointment Ratio is also responsible for our continued success as this week as it shrinks down to 8.1. The quicker we sell homes, the lower it goes, so let s keep at it! APPOINTMENTS YEAR AT A GLANCE TOP 5 DISTRICTS for appointments booked #1 #2 #3 #4 #5 Dist. 17 Hamilton Mountain Dist. 20 Hamilton Centre Dist. 15 Hamilton Mountain TIED Dist. 16 Hamilton Mountain TOP 5 PRICE RANGES HAMILTON #1 #2 #3 #4 #5 MONTHLY COMPARISON 2015 vs ,120 Dist. 25 Hamilton Mountain Dist. 51 Stoney Creek Total Appointments: June 2015 $ k $ k $ k $ k $ k BURLINGTON #1 #2 #3 #4 #5 10, % Total Appointments: June 2016 $ k TIED $ k $1M 2M $ k $ k $ k % change 2016 vs *Source: RE/MAX Escarpment Internal Data

8 YEAR OVER YEAR APPOINTMENT REPORT Jan. 1st Dec. 31st, ,331 Jan. 1st Dec. 31st, , % INCREASE in Appointments booked over 2014 This report is a tool designed to help RE/MAX Escarpment agents assist clients in understanding market trends based on historical data, in order to make informed and educated decisions that result in the best real estate decisions possible!

9 Average Price HEAT MAP The image below shows the 1 year average price in the Meadowlands. This includes all property types including detached homes, condo and freehold townhouses. This does not mean your house is worth the average! If you would like more specific report we would be happy to provide one.

10 Average Price Growth HEAT MAP This image shows the previous 1 year average price increase as a percentage. Overall the increase has been very strong. We will continue to keep you up to date with the latest stats!

11 Average Turnover Rate HEAT MAP Turn over rate refers to the number (or percentage) of homes out of every 100 that sell each year. In areas where new home are being built, the turnover rate is always higher, as is the case with the Meadowlands. Older more established neighbourhoods typically have lower turnover rates

12 What Our Clients Say! You deserve to work with the best! Here's what just a few of our clients have said about us. Feel free to look them up on GOOGLE for your self!

13 Here's Three Easy Next Steps... You've made a smart decision to request the "Meadowland Price Report". With this information, you'll have a basic idea about what your home might sell for if you choose to put it in the market in the next few months. Here are 3 FREE services you may want to take advantage of right now: First, is our Free "Pin Point Price" Analysis. Here we take a closer look at your house and prepare a very specific price for your home. This price will be much more precise than the general range included and we can guarantee in writing to sell your house when listed at the "Pin Point Price" in less than 60 days Second, is our Free "Room by Room Review", where we make very specific recommendations about which fix ups or improvements you should (and shouldn't) do to prepare your home for sale. We'll point out the lowest cost, highest return improvements you can make to sell your house quickly and for more money. Third Join the "Daily Tour of Homes". It's wise to educate yourself about where you would like to move before selling your current home. Join us for a no obligation tour of homes in your next desired neighbourhood. The primary goal of the tour is education, not necessarily to find the perfect home. So don't worry about bringing your chequebook, but be ready to LEARN! These 3 services are free, each take less than two hours, and we can arrange a time that most convenient for you. Take a look at the information we've included here and then, when your're ready call us at or is at tyson@brandow.ca Best Wishes The Brandow Group / Remax