{"id":6193,"date":"2020-08-17T06:38:21","date_gmt":"2020-08-17T10:38:21","guid":{"rendered":"https:\/\/steveroblin.com\/?p=6193"},"modified":"2020-08-17T08:35:30","modified_gmt":"2020-08-17T12:35:30","slug":"2020-fall-real-estate-forecast","status":"publish","type":"post","link":"https:\/\/steveroblin.com\/2020-fall-real-estate-forecast\/","title":{"rendered":"2020 Fall Real Estate Forecast"},"content":{"rendered":"<p>In spite of the on-going Covid-19 pandemic real estate market in Hamilton and Burlington has been red hot. But can this HOT \u201cSellers Market\u201d Continue?<\/p>\n<p>Whether you are actively paying attention or just watching from the sidelines it can be confusing to understand what effect these last few months have had on the real estate market here in the Hamilton\/Burlington area.<\/p>\n<p>A good place to start is to review the <a href=\"https:\/\/steveroblin.com\/hamilton-and-burlington-july-statistics\/\">statists from July (the latest data available)<\/a>.<\/p>\n<p><b>Some of the takeaways:<\/b><\/p>\n<ul>\n<li>Sales <b>are up 23.7 per cent over last month<\/b> <b>and up 27.8 per cent over July of 2019.<\/b><\/li>\n<li>The average price for residential properties was $692.999 which is <b>up 16.3% from July of last year.<\/b><\/li>\n<li>The slow down for 5-6 weeks from Mid March to the End of April is a distant memory \u2013 we are in a<b>\u00a0strong sellers market<\/b><\/li>\n<li><b>Stronger than average summer. <\/b>The spring market seems to have been pushed forward<span class=\"Apple-converted-space\">\u00a0and continued through the end of summer<\/span><\/li>\n<\/ul>\n<p>Following public health guidelines and best practices active Realtors such as myself are able to safely list, market and show homes during these unprecedented times. <span class=\"Apple-converted-space\">\u00a0<\/span>And these listings are selling &#8211; selling quickly and for top dollar!<\/p>\n<p><b>But can this hot Sellers Market continue?\u00a0<\/b><\/p>\n<p>To answer this question, or attempt to answer it as best we can, we need to first understand why the market is so hot.<\/p>\n<p>There are still many unique circumstances and each have to be treated their own way &#8211; I am here to help.<\/p>\n<p>The market is being pushed forward by the age old relationship of supply and demand.<span class=\"Apple-converted-space\">\u00a0 <\/span>This combination of very low listing inventory and ever increasing demand is resulting in higher sales and higher average sale prices.<\/p>\n<p>You have to remember 2019 was not a strong year, we were still recovering for the most part from the correction of 2017.<span class=\"Apple-converted-space\">\u00a0 <\/span>While 2019 was still technically a sellers market, sales were much lower than what we have being experiencing<span class=\"Apple-converted-space\">\u00a0 <\/span>over these past 3 months in 2020.<\/p>\n<p>With buyers looking to <b>&#8220;cash out&#8221;<\/b> and leave congested big cities and first-time home buyers tired of renting or living at home the market is being carried along at all price points. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>This low supply and high demand is pushing prices up! <span class=\"Apple-converted-space\">\u00a0 <\/span>I see this continuing for the next few months at least. <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>As always, In terms of future forecasting there is not a one size fits all answer.<span class=\"Apple-converted-space\">\u00a0 Keep in mind even in a more traditional, non-pandemic market, we as Realtors have never had the ability to guarantee any of our market predictions.\u00a0 They are educated best guesses. \u00a0<\/span><\/p>\n<p>Be informed and be cautious when buying and selling in this market &#8211; Use a professional and experienced Realtor.<\/p>\n<p>One thing that remains constant is that I will always give you the best advice for your specific situation.<span class=\"Apple-converted-space\">\u00a0 <\/span>And it will be fluid, it will be dynamic and it\u00a0will be tailored to your criteria and timeline and will be educated and informed with the latest data we have available. This will be updated as we move forward along through the process.<span class=\"Apple-converted-space\">\u00a0 <\/span>Just like it always should be.<\/p>\n<p>Any questions, call anytime<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-3944\" src=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2019\/03\/SteveLogo-300x198.png\" alt=\"\" width=\"300\" height=\"198\" srcset=\"https:\/\/steveroblin.com\/wp-content\/uploads\/2019\/03\/SteveLogo-300x198.png 300w, https:\/\/steveroblin.com\/wp-content\/uploads\/2019\/03\/SteveLogo-768x507.png 768w, https:\/\/steveroblin.com\/wp-content\/uploads\/2019\/03\/SteveLogo-610x403.png 610w, https:\/\/steveroblin.com\/wp-content\/uploads\/2019\/03\/SteveLogo.png 833w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In spite of the on-going Covid-19 pandemic real estate market in Hamilton and Burlington has been red hot. But can this HOT \u201cSellers Market\u201d Continue? Whether you are actively paying attention or just watching from the sidelines it can be confusing to understand what effect these last few months have had on the real estate [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6199,"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-6193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2020 Fall Real Estate Forecast - Steve Roblin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/steveroblin.com\/2020-fall-real-estate-forecast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2020 Fall Real Estate Forecast - Steve Roblin\" \/>\n<meta property=\"og:description\" content=\"In spite of the on-going Covid-19 pandemic real estate market in Hamilton and Burlington has been red hot. 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