Hamilton-Burlington Real Estate News from Laura Doucette January 2019   

 
Pursuing a job opportunity in a new city can evoke a variety of emotions. If you're thinking about relocating, this month's article offers some great advice that’ll help make the transition go smoothly.

There are also a few handy home hacks that will help make your life a little easier as well as some great reasons why you should switch your phone to airplane mode every once in a while.

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. It'd be great to hear from you!

All the best,
Laura

In this issue...
Relocation, Relocation, Relocation 
Relocating to a new city can be an exciting yet overwhelming time.

The prospect of a work relocation means you'll need to be well organized as there’s usually not much time to get acquainted with your new area.

First off, determine what the cost of living will be in the new location. There's no point in relocating for a higher salary if the extra income will be eaten up by increased living expenses.

Make sure to also consider factors such as workload, expense accounts, travel expectations, job opportunities for your spouse and schools for the kids. Here are a few other points to keep in mind:

  1. Time is Money - Create a budget and a detailed timeline to help you stay on track.

  2. Recon Mission - Plan a trip to familiarize yourself with the local area or check out a few community websites if it's too far to preview in person.

  3. Check Yourself - A detailed checklist will help ensure everything goes smoothly which will reduce the stress that’s associated with a major move.

  4. Smooth Move - Select a real estate agent to sell your home and ask them to refer you to an agent in your new city who can help familiarize you with the local market.

  5. Take the Credit - Employers often provide relocation packages to help offset expenses such as temporary housing and moving costs. There may also be certain tax credits available.

Deciding whether or not to relocate can be very stressful. Not only are you trying to negotiate a career move but you'll also be starting a new life in an unfamiliar place. However, if you approach this process by paying close attention to all the details, you'll enjoy a much more positive relocation experience. Please don’t hesitate to get in touch if you have questions or need any real estate advice!

The Hamilton/Burlington Real Estate Market Update 
Home sales down slightly from same time last year.

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 534 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December 2018.

Although this is 26 per cent lower than the same month last year, the average price was up by 2.6 per cent to $543,210.

Year-to-date (YTD) sales activity was down by 17.6 per cent from this time last year, and down 12.2 per cent from a decade ago. Average YTD price was also down from a year ago by 1.4 per cent, but up by 90 per cent from 2008.

“As we close out 2018, we’ve experienced a different market than the ones from 2016 and 2017,” says RAHB CEO George O’Neill. “Across the RAHB market area we’ve seen decreases in various statistics when compared to last year; however, consumers who have owned their property for the past several years have experienced gains in the value of their property.”

The number of sales for single family properties within the entire RAHB market fell by 24.9 per cent compared to the same month last year, and the average sale price increased by 0.5 per cent. Townhouse sales activity across the entire RAHB market area was also down from 2017 by 36.6 per cent, while the average townhouse sale price rose by 8 per cent. Apartment-style property sales were essentially the same as December last year; however, average sale price increased by 6.8 per cent.

“December has again proven to be one of the slower months for sales as people were busy celebrating the holidays rather than contemplating a move,” adds O’Neill. “But we anticipate market activity will pick up into 2019 as consumer confidence grows after being affected by the provincial and federal regulations introduced over the last two years.”

Although the entire RAHB market area saw a decrease in sales and an increase in average sale price, the individual RAHB market areas experienced variances – especially when comparing the different types of properties. For example, Haldimand experienced a 36 per cent increase in detached average sale price, as well as an increase in number of sales.

Burlington and Niagara North saw increases in the average sale price for townhomes; however, Niagara North saw decreases in number of sales for this category. Hamilton experienced increases in both average price and number of sales for apartment-style properties.

Handy Home Hacks 
These simple yet genius tricks will make your life so much easier!

Hacks are uncommon yet creative solutions for everyday problems. Here are five simple hacks for the home that will help make your life a whole lot easier:

  1. Towel Tip - Adding a dry towel to a load of wet laundry significantly reduces drying time which also cuts down on energy use.


  2. Sharpie Stain - If your child has decorated your hardwood floors with a magic marker, apply a bit of toothpaste with a damp cloth and watch it disappear!


  3. Blend Away - To remove stubborn stains from your blender, mix lemon juice and warm water with a tiny bit of dishwashing liquid and then blend for a minute.


  4. Watch Your Step - We all know that sinking feeling when a glass shatters leaving tiny shards everywhere. To make sure you get every last sliver, press a slice of bread over the entire area.

  5. Silence Squeaks - If your creaky wooden floors make you feel like you’re living in a haunted house, just sprinkle some baby powder between any open seams to lubricate the wood and stop the squeaking.

We all want an easier life and home hacks are a great way to accomplish that as they allow you to bypass and overcome some of life’s little problems. There are literally thousands of hacks out there so watch this space for cleaning, organizing and other life hacks that we’ll be sharing in future newsletters!

Switching to Airplane Mode 
If you think airplane mode is only for flying, then think again!

Airplane mode blocks your connection to cellular networks when you take to the skies but there are many other lesser known benefits to this often ignored feature.

Airplane mode also saves battery life, charges a phone quicker and it will even stop those annoying ads from displaying when you’re playing Candy Crush!

Smartphones can also be extremely distracting so if you’re down to the wire on a project, simply switch over to airplane mode for a quick notification detox so you can focus and get your work done.

Finally, if you’re concerned about electromagnetic field radiation, set your phone to airplane mode when your smartphone’s not being used for wireless transmissions as it will completely cut off any form of radiation.



PS Are you sick of scouring the paper and MLS sites looking for homes?  Tired of playing telephone tag with agents only to hear the home's already sold?  Sit back, relax and let me do the work for you!  Just visit my website and check off the features you're looking for.  Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home.


Not meant to solicit clients already under contract.