residential market activity and mls® home price index ... · 56.1% 53.4% 64.4% 84.1% 58.0% 46.5%...
TRANSCRIPT
Residential Market Activity
and MLS® Home Price Index Report
January 2019
Prepared for the REALTORS® Association of Hamilton-Burlington by the Canadian Real Estate Association
REALTORS® Associationof Hamilton-Burlington
MLS® Residential Market Activity
Sales Activity(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
703
671 75
7
673 69
8
665 70
7 775
615
593
New Listings(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
1,59
7
1,64
1
1,32
5
1,40
5
1,24
5
1,24
6
1,09
7
921 1,06
0 1,27
6
Active Listings(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2,91
5 3,41
0
2,57
7
2,49
4
2,09
5
1,92
2
1,53
5
851
1,30
6 1,76
3
Months of Inventory(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
4.1
5.1
3.4 3.
7
3.0
2.9
2.2 1.1
2.1
3.0
Days on Market(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Average Days on MarketMedian Days on Market
3653 52
6440
5438
5431
5324
4624
4614
2934
4326
43
Sales to New Listings Ratio(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
44.0
%
40.9
%
57.1
%
47.9
% 56.1
%
53.4
% 64.4
%
84.1
%
58.0
%
46.5
%
MLS® HPI Composite Benchmark Price and Average Price
Jan2
010
Jul2
010
Jan2
011
Jul2
011
Jan2
012
Jul2
012
Jan2
013
Jul2
013
Jan2
014
Jul2
014
Jan2
015
Jul2
015
Jan2
016
Jul2
016
Jan2
017
Jul2
017
Jan2
018
Jul2
018
Jan2
019
$300,000
$400,000
$500,000
$600,000
REALTORS® Associationof Hamilton-Burlington
MLS® Residential Market Activity
Compared to 6
ActualJanuary
2019January
2018January
2017January
2016January
2014January
2012January
2009
Sales Activity 593 -3.6 -23.5 -16.1 -15.0 -21.7 35.7
Dollar Volume $326,184,324 1.0 -16.9 1.1 20.8 27.5 185.2
New Listings 1,276 20.4 38.5 16.3 2.5 -3.7 -13.2
Active Listings 1,763 35.0 107.2 14.9 -15.8 -31.6 -54.5
Sales to New Listings Ratio1
46.5 58.0 84.1 64.4 56.1 57.1 29.7
Months of Inventory2
3.0 2.1 1.1 2.2 3.0 3.4 8.9
Average Price $550,058 4.7 8.7 20.5 42.2 62.8 110.2
Median Price $495,000 4.2 12.5 26.9 47.8 67.8 104.5
Sales to List Price Ratio 98.2 97.9 101.2 98.6 97.7 97.1 93.7
Median Days on Market 26.0 34.0 14.0 24.0 31.0 40.0 68.0
Average Days on Market 43.0 42.6 29.4 46.1 53.3 54.4 74.3
1 Sales / new listings * 100; Compared to levels from previous periods2 Active listings at month end / monthly sales; Compared to levels from previous periods3 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year4 Sum of sales from January to current month / sum of new listings from January to current month5 The year-to-date months of inventory figure is calculated as: average active listings from January to current month / average sales from January to current month6 Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes
REALTORS® Associationof Hamilton-Burlington
MLS® Single Family Market Activity
Sales Activity(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
496
450
518
472
474
447
505
496
394
383
New Listings(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
1,15
0
1,17
7
965
993
844
856
758
599 65
6
864
Active Listings(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2,14
4 2,52
3
1,99
6
1,87
1
1,54
5
1,36
3
1,07
3 613
884 1,
217
Months of Inventory(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
4.3
5.6
3.9 4.0
3.3
3.0
2.1 1.
2
2.2
3.2
Days on Market(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Average Days on MarketMedian Days on Market
3554 52
6343
5441
5734
5722
4622
4714
3241
4731
44
Sales to New Listings Ratio(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
43.1
%
38.2
%
53.7
%
47.5
% 56.2
%
52.2
%
66.6
%
82.8
%
60.1
%
44.3
%
MLS® HPI Single Family Benchmark Price and Average Price
Jan2
010
Jul2
010
Jan2
011
Jul2
011
Jan2
012
Jul2
012
Jan2
013
Jul2
013
Jan2
014
Jul2
014
Jan2
015
Jul2
015
Jan2
016
Jul2
016
Jan2
017
Jul2
017
Jan2
018
Jul2
018
Jan2
019
$300,000
$400,000
$500,000
$600,000
$700,000
REALTORS® Associationof Hamilton-Burlington
MLS® Single Family Market Activity
Compared to 6
ActualJanuary
2019January
2018January
2017January
2016January
2014January
2012January
2009
Sales Activity 383 -2.8 -22.8 -24.2 -19.2 -26.1 30.3
Dollar Volume $236,559,545 4.0 -16.0 -7.7 17.3 24.4 186.4
New Listings 864 31.7 44.2 14.0 2.4 -10.5 -16.6
Active Listings 1,217 37.7 98.5 13.4 -21.2 -39.0 -57.2
Sales to New Listings Ratio1
44.3 60.1 82.8 66.6 56.2 53.7 28.4
Months of Inventory2
3.2 2.2 1.2 2.1 3.3 3.9 9.7
Average Price $617,649 7.0 8.8 21.6 45.2 68.2 119.8
Median Price $575,000 9.1 18.6 27.8 56.5 78.4 113.2
Sales to List Price Ratio 98.1 97.8 101.0 98.7 97.8 97.1 94.5
Median Days on Market 31.0 40.5 14.0 22.0 34.0 43.0 72.0
Average Days on Market 44.5 46.5 31.7 47.4 56.8 54.3 78.6
1 Sales / new listings * 100; Compared to levels from previous periods2 Active listings at month end / monthly sales; Compared to levels from previous periods3 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year4 Sum of sales from January to current month / sum of new listings from January to current month5 The year-to-date months of inventory figure is calculated as: average active listings from January to current month / average sales from January to current month6 Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes
REALTORS® Associationof Hamilton-Burlington
MLS® Townhouse Market Activity
Sales Activity(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
119
122 13
1
110
131
104
106
161
115
112
New Listings(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
243
232
183
217
216
204
180
175 19
4 211
Active Listings(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
398
395
276 29
2
245
244
209
87 183
249
Months of Inventory(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
3.3
3.2
2.1
2.7
1.9
2.3
2.0
0.5 1.
6
2.2
Days on Market(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Average Days on MarketMedian Days on Market
3852
5056
3348
2943
2138
1941
2241
1222
2938
2140
Sales to New Listings Ratio(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
49.0
%
52.6
%
71.6
%
50.7
% 60.6
%
51.0
% 58.9
%
92.0
%
59.3
%
53.1
%
MLS® HPI Townhouse Benchmark Price and Average Price
Jan2
010
Jul2
010
Jan2
011
Jul2
011
Jan2
012
Jul2
012
Jan2
013
Jul2
013
Jan2
014
Jul2
014
Jan2
015
Jul2
015
Jan2
016
Jul2
016
Jan2
017
Jul2
017
Jan2
018
Jul2
018
Jan2
019
$250,000$300,000$350,000$400,000$450,000$500,000
REALTORS® Associationof Hamilton-Burlington
MLS® Townhouse Market Activity
Compared to 6
ActualJanuary
2019January
2018January
2017January
2016January
2014January
2012January
2009
Sales Activity 112 -2.6 -30.4 5.7 -14.5 -14.5 27.3
Dollar Volume $52,454,390 2.5 -24.4 33.9 28.9 42.4 162.6
New Listings 211 8.8 20.6 17.2 -2.3 15.3 -16.9
Active Listings 249 36.1 186.2 19.1 1.6 -9.8 -57.4
Sales to New Listings Ratio1
53.1 59.3 92.0 58.9 60.6 71.6 34.6
Months of Inventory2
2.2 1.6 0.5 2.0 1.9 2.1 6.6
Average Price $468,343 5.3 8.6 26.7 50.8 66.6 106.4
Median Price $470,000 6.8 8.0 39.9 62.1 70.9 101.7
Sales to List Price Ratio 98.5 98.6 102.7 98.8 98.0 97.1 91.3
Median Days on Market 21.0 29.0 12.0 21.5 21.0 33.0 59.5
Average Days on Market 40.5 37.7 21.6 40.8 38.1 47.9 67.3
1 Sales / new listings * 100; Compared to levels from previous periods2 Active listings at month end / monthly sales; Compared to levels from previous periods3 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year4 Sum of sales from January to current month / sum of new listings from January to current month5 The year-to-date months of inventory figure is calculated as: average active listings from January to current month / average sales from January to current month6 Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes
REALTORS® Associationof Hamilton-Burlington
MLS® Apartment-Style Market Activity
Sales Activity(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
49
63 60
53
61
65
57
85
63 65
New Listings(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
132
162
121
140
138
138
125
114
152
149
Active Listings(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
253
357
213 23
1 242 25
9
199
125
178
242
Months of Inventory(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
5.2 5.
7
3.6
4.4
4.0
4.0
3.5
1.5
2.8
3.7
Days on Market(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Average Days on MarketMedian Days on Market
4256
6888
3758
4550
5565
4456
2741
2131 16 27 26
45
Sales to New Listings Ratio(January only)
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
37.1
%
38.9
% 49.6
%
37.9
% 44.2
%
47.1
%
45.6
%
74.6
%
41.4
%
43.6
%
MLS® HPI Apartment-Style Benchmark Price and Average Price
Jan2
010
Jul2
010
Jan2
011
Jul2
011
Jan2
012
Jul2
012
Jan2
013
Jul2
013
Jan2
014
Jul2
014
Jan2
015
Jul2
015
Jan2
016
Jul2
016
Jan2
017
Jul2
017
Jan2
018
Jul2
018
Jan2
019
$200,000$250,000$300,000$350,000$400,000
REALTORS® Associationof Hamilton-Burlington
MLS® Apartment-Style Market Activity
Compared to 6
ActualJanuary
2019January
2018January
2017January
2016January
2014January
2012January
2009
Sales Activity 65 3.2 -23.5 14.0 6.6 8.3 140.7
Dollar Volume $24,797,767 9.1 -10.6 82.1 42.1 69.4 404.1
New Listings 149 -2.0 30.7 19.2 8.0 23.1 26.3
Active Listings 242 36.0 93.6 21.6 0.0 13.6 -18.8
Sales to New Listings Ratio1
43.6 41.4 74.6 45.6 44.2 49.6 22.9
Months of Inventory2
3.7 2.8 1.5 3.5 4.0 3.6 11.0
Average Price $381,504 5.8 16.9 59.6 33.4 56.3 109.4
Median Price $360,000 4.3 21.6 50.0 38.5 67.4 102.2
Sales to List Price Ratio 97.8 98.1 100.0 97.9 95.8 97.0 88.9
Median Days on Market 26.0 16.0 21.0 27.0 55.0 36.5 62.0
Average Days on Market 44.8 27.3 31.3 41.2 65.1 57.8 65.6
1 Sales / new listings * 100; Compared to levels from previous periods2 Active listings at month end / monthly sales; Compared to levels from previous periods3 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year4 Sum of sales from January to current month / sum of new listings from January to current month5 The year-to-date months of inventory figure is calculated as: average active listings from January to current month / average sales from January to current month6 Sales to new listings ratio and months of inventory shown as levels; all others calculated as percentage changes
REALTORS® Associationof Hamilton-Burlington
MLS ® HPI Benchmark Price
MLS® Home Price Index Benchmark Price
percentage change vs.
Benchmark Type: January 2019 1 month ago3 months
ago6 months
ago12 months
ago 3 years ago 5 years ago
Composite $582,300 -0.3 0.5 0.3 5.0 36.7 69.2
Single Family $620,700 -0.2 1.6 0.8 5.6 36.3 70.2
One Storey $560,800 0.2 1.3 0.8 3.3 34.0 66.2
Two Storey $656,400 -0.4 1.5 0.5 6.4 37.1 72.1
Townhouse $457,800 -1.8 -4.5 0.4 2.8 34.7 65.4
Apartment-Style $390,200 0.2 -3.8 -3.4 3.7 43.6 64.4
MLS® HPI Benchmark Price
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
$200,000
$300,000
$400,000
$500,000
$600,000
Apartment-StyleTownhouse2 Storey1 StoreySingle FamilyComposite
REALTORS® Associationof Hamilton-Burlington
MLS ® HPI Benchmark Descriptions
Composite
Features Value
Above GroundBedrooms
3
Age Category 51 to 99
Bedrooms 3
Below GroundBedrooms
0
Exterior Walls Masonry & Siding
Freshwater Supply Municipalwaterworks
Full Bathrooms 2
Garage Description Attached, Singlewidth
Gross Living Area(Above Ground; insq. ft.)
1345
Half Bathrooms 1
Heating Forced air
Heating Fuel Natural Gas
Number ofFireplaces
0
Total Number OfRooms
8
Type Of Foundation Basement, Pouredconcrete
WastewaterDisposal
Municipal sewers
Single Family
Features Value
Above GroundBedrooms
3
Age Category 51 to 99
Bedrooms 3
Below GroundBedrooms
0
Exterior Walls Masonry & Siding
Freshwater Supply Municipalwaterworks
Full Bathrooms 2
Garage Description Attached, Singlewidth
Gross Living Area(Above Ground; insq. ft.)
1405
Half Bathrooms 1
Heating Forced air
Heating Fuel Natural Gas
Lot Size 4612
Number ofFireplaces
1
Total Number OfRooms
8
Type Of Foundation Basement, Pouredconcrete
Type of Property Detached
WastewaterDisposal
Municipal sewers
REALTORS® Associationof Hamilton-Burlington
MLS ® HPI Benchmark Descriptions
1 Storey
Features Value
Above GroundBedrooms
3
Age Category 51 to 99
Basement Finish Totally finished
Bedrooms 4
Below GroundBedrooms
1
Exterior Walls Masonry & Siding
Freshwater Supply Municipalwaterworks
Full Bathrooms 2
Garage Description Attached, Singlewidth
Gross Living Area(Above Ground; insq. ft.)
1234
Half Bathrooms 0
Heating Forced air
Heating Fuel Natural Gas
Lot Size 5610
Number ofFireplaces
1
Total Number OfRooms
8
Type Of Foundation Basement,Concrete blocs
Type of Property Detached
WastewaterDisposal
Municipal sewers
2 Storey
Features Value
Above GroundBedrooms
3
Age Category 51 to 99
Bedrooms 3
Below GroundBedrooms
0
Exterior Walls Masonry & Siding
Freshwater Supply Municipalwaterworks
Full Bathrooms 2
Garage Description Attached, Singlewidth
Gross Living Area(Above Ground; insq. ft.)
1589
Half Bathrooms 1
Heating Forced air
Heating Fuel Natural Gas
Lot Size 3924
Number ofFireplaces
1
Total Number OfRooms
8
Type Of Foundation Basement, Pouredconcrete
Type of Property Detached
WastewaterDisposal
Municipal sewers
REALTORS® Associationof Hamilton-Burlington
MLS ® HPI Benchmark Descriptions
Townhouse
Features Value
Above GroundBedrooms
3
Age Category 6 to 15
AttachedSpecification
Row
Bedrooms 3
Below GroundBedrooms
0
Exterior Walls Masonry & Siding
Freshwater Supply Municipalwaterworks
Full Bathrooms 2
Garage Description Attached, Singlewidth
Gross Living Area(Above Ground; insq. ft.)
1246
Half Bathrooms 1
Heating Forced air
Heating Fuel Natural Gas
Number ofFireplaces
0
Total Number OfRooms
7
Type Of Foundation Basement, Pouredconcrete
WastewaterDisposal
Municipal sewers
Apartment-Style
Features Value
Above GroundBedrooms
2
Age Category 6 to 15
Basement Finish Unfinished
Bedrooms 2
Below GroundBedrooms
0
Exterior Walls Masonry & Siding
Freshwater Supply Municipalwaterworks
Full Bathrooms 1
Garage Description Attached, Singlewidth
Gross Living Area(Above Ground; insq. ft.)
1043
Half Bathrooms 0
Heating Forced air
Heating Fuel Natural Gas
Number ofFireplaces
0
Total Number OfRooms
6
WastewaterDisposal
Municipal sewers