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Looks Like Stabilization is Coming! See Below:

Looks Like Stabilization is Coming!

See Below:

Current inventory levels throughout the REALTORS® Association of Hamilton-Burlington (RAHB) market area are comparable to what we saw pre-pandemic. This is likely due to higher interest rates and a rise in new listings hitting the market. Inventory has increased across all price points, particularly the lower price ranges. The new year has shown an increase in sales of homes priced under $800,000 and supply options in that price range are better compared to last January. However, total home sales are down 26 per cent year over year.
“Low lending rates and the pandemic contributed to a surge in demand. Supply could not keep pace, and prices rose faster than expected. Higher lending rates and prices have impacted affordability and allowed the market to build supply levels back up to pre-pandemic levels,” says Lou Piriano, President of the REALTORS® Association of Hamilton-Burlington (RAHB).
Currently, we have a little less than a three-month supply of market inventory. While conditions are not as tight as they have been the past several years, we are also not dealing with the oversupply scenario we faced during the financial crisis. This will likely limit how much prices adjust from recent highs.
Across the RAHB market area, home prices are 20 per cent lower than they were at the start of 2022. However, after ten months of consecutive declines, benchmark prices increased over December. The unadjusted benchmark price was $809,800, below the $1,012,700 reported in January 2022, but well above the $602,700 reported at the beginning of the pandemic in 2020. This could potentially reflect a stabilization in prices.

Source: Realtors Association of Hamilton/Burlington

Always Growing in the first half of 2022 I was # 8

Always Growing in the first half of 2022 I was # 86

AND NOW

Number 80 out of 3776 agents for 2022!!

When Buying & Selling we are the team to trust.

Providing Personal Service you Deserve.

#forsale #realty #realestate #sarahbutler #ReMaxEscarpment #househunting #realtor #realestatelife #newhome #properties #mortgage #investment #homesforsale #luxuryhomes #listing #dreamhome #justlisted #realestateagent #newlisting #luxuryrealestate #oakville #burlington #waterdown #hamilton #niagara #buying #CLHMS #remaxcollection

Our February Newsletter Is Coming Out! This month

Our February Newsletter Is Coming Out!

This month features the importance of home staging! We are PROUD to say our staging is always included in our listing package (if the seller choices so)

The psychology behind home staging
A lot of effort goes into buying a home. Buyers look at countless home listings and make split-second decisions whether to move on or to see it in person. For your home to stand out, it has to feel like home to a potential buyer. Of course, all practical details come into play, but allowing a buyer to develop an emotional attachment to the house also has a big role. Home staging is an art, but also a science. A prospective buyer should be able to visualize how he or she would personalize their new home, so the stage you set should be neutral yet feel personal. Visualization is a key concept in home staging. If buyers can see themselves living there, they will develop a personal connection to the home and will feel good about investing in it.

Interested in receiving the monthly tips DM your email address or contact us anytime!

The Butler Group
📲 905.320.2960
📧 info@thebutlergroup.ca
🖥 TheButlerGroup.ca

When Buying & Selling we are the team to trust.

Providing Personal Service you Deserve.

My Plan Is to keep your DOM low! In 2022 I sold

My Plan Is to keep your DOM low!

In 2022 I sold 45 houses and am proud to say my average DOM was ELEVEN , compared to the Hamilton/Burlington average at just over THIRTY SIX!

We have a proven strategy to keep YOUR DOM LOW!!

Interested to hear more about our plan, contact us today!

The Butler Group
📲 905.320.2960
📧 info@thebutlergroup.ca
🖥 TheButlerGroup.ca

#forsale #realty #realestate #sarahbutler #ReMaxEscarpment #househunting #realtor #realestatelife #newhome #properties #mortgage #investment #homesforsale #luxuryhomes #listing #dreamhome #justlisted #realestateagent #newlisting #luxuryrealestate #oakville #burlington #waterdown #hamilton #niagara #buying #CLHMS #remaxcollection #selling

The question on #buyers and #sellers minds is wher

The question on #buyers and #sellers minds is where will interest rates go in 2023? Experts says not much higher — but they’ll stay around this mark for a while…..

KEY TAKEAWAYS
• When the economy is strong, interest rates tend to rise along with growth. Higher interest rates, however, translate into higher mortgage loan costs.
• Rising rates make homes more expensive for buyers, thereby reducing the demand for home purchases.
• Reduced demand also hurts sellers as they need to reduce the prices of their homes in order to attract buyers.
• If the economy grows fast enough, rising mortgage rates will not have as great an effect on property value and housing prices, as long as salaries and wages correspondingly grow as well.

How does this affect YOU when buying or selling?

Contact to discuss anytime!

The Butler Group
📲 905.320.2960
📧 info@thebutlergroup.ca
🖥 TheButlerGroup.ca

✨Client Review✨ It's been a pleasure doing bu

✨Client Review✨

It's been a pleasure doing business with you guys! Thank you for the kind words!

The Butler Group
📲 905.320.2960
📧 info@thebutlergroup.ca
🖥 TheButlerGroup.ca

I don’t know what I love more.. The floating win

I don’t know what I love more.. The floating window seat, the table or the stunning view out the window! ✨

What catches your eye?

We believe everyone deserves to love where they li

We believe everyone deserves to love where they live!
Because that’s what turns a house into a HOME.
If you or someone you love is looking to make a move, contact us today!

#lifequotes #quotes #life #love #inspirationalquotes #inspiration #quote #instagram #instagood #quotestoliveby #positivevibes #lifestyle #success #home #happiness #believe #loveyourself #like #motivational #quotesaboutlife #positivity

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RE/MAX Escarpment Realty Inc.

2180 Itabashi Way Unit 4A, Burlington Ontario L7M5A5

Office: 905.639.7676
Direct: 905.320.2960
Email: info@thebutlergroup.ca

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