{"id":131,"date":"2011-01-17T14:11:35","date_gmt":"2011-01-17T19:11:35","guid":{"rendered":"https:\/\/steveroblin.com\/?p=127"},"modified":"2023-11-28T16:23:57","modified_gmt":"2023-11-28T21:23:57","slug":"more-of-the-same-for-2011","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/more-of-the-same-for-2011\/","title":{"rendered":"More of the same for 2011"},"content":{"rendered":"
(January 14, 2011 – Hamilton) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) held its annual news conference today, and this year\u2019s President\u00a0\u00a0anticipates\u00a0\u00a0the real estate market will further stabilize through 2011, with a market that performs much as it did in 2010. (January 14, 2011 – Hamilton) The REALTORS\u00ae Association of Hamilton-Burlington (RAHB) held its annual news conference today, and this year\u2019s President\u00a0\u00a0anticipates\u00a0\u00a0the real estate market will further stabilize through 2011, with a market that performs much as it did in 2010. In her inaugural speech, Ann Forbes Arndt, 2011 RAHB President, noted that consumer confidence is […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-131","post","type-post","status-publish","format-standard","hentry","category-posts"],"acf":[],"yoast_head":"\n
\nIn her inaugural speech, Ann Forbes Arndt, 2011 RAHB President, noted that consumer confidence is a concern for next year.\u00a0\u00a0\u201cAlthough we have seen some signs of recovery with unemployment down and stabilizing,\u201d she said, \u201ceconomic projections for the year call for cautious optimism with respect to full time job creation.\u201d\u00a0\u00a0Employment numbers released in January bode well for the year ahead, she noted.\u00a0\u201cIf we continue to see stabilization in the employment rate, we expect to see confidence in the market, and by mid-year housing sales should be on the rise.\u201d
\nArndt predicted that 13,000 residential properties will be sold through RAHB\u2019s Multiple Listing Service\u00ae (MLS\u00ae) in 2011
\nArea media were on hand to hear Arndt report that the 2010 real estate market ended with 13,440\u00a0\u00a0sales reported on the association\u2019s\u00a0\u00a0Multiple Listing Service\u00ae (MLS\u00ae) , which can be considered an average number of sale based on sales figures over the last ten years.
\nThe total volume of real estate sales in the area surpassed 4.2 billion dollars, the highest volume recorded in the association\u2019s history as well, which speaks to just how powerful the MLS\u00d2\u00a0marketing system is to the real estate industry.
\nIn 2010, 66 per cent of all residential properties listed were sold.\u00a0\u00a0The list to sales ratio is an excellent barometer to determine whether it is a buyers\u2019, sellers\u2019 or balanced market.\u00a0\u00a0The 2010 list to sales ratio indicates a more balanced market than 2009\u2019s year-end average of 73 per cent.
\nThe average sale price of all property sales was $314,501, again the highest on record.
\nThe year was characterized by brisk sales through the first half of the year, fuelled by low interest rates and buyers wanting to avoid the HST beginning\u00a0\u00a0July 1, with sales dropping off through the summer months and early fall.\u00a0\u00a0Sales rebounded in December to higher-than-average levels.
\nMoving into 2011, Arndt noted that \u201cone area that will be interesting to watch is the employment numbers for young people.\u00a0\u00a0Youth unemployment is still near record highs and this will have an impact on the number of first-time home buyers over the next few years.\u201d\u00a0\u00a0Traditionally, first-time buyers drive the housing market, allowing existing homeowners to move up.
\nAs a result of low interest rates, a gradually improving economy and no unexpected volatility, 2011 will be stable and looks promising for both buyers and seller.\u00a0\u00a0\u00a0\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"