May 2016 Issue 120

Page 1

Your Home Sold

GUARANTEED Or I’ll Buy It! *

MAY 2016 - VOL 85

REAL ESTATE M A R K E T WA T C H

PRESENTED BY THE THE GOLFI TEAM

Re-Sale Market Still Hot in April

TOP REASONS

T

To Call Rob Golfi To Sell Your Home!

he REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,649 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in April. Sales were 2.7 per cent lower than the same month last year yet 13 per cent higher than the 10-year average.

MORE BUYERS

We have THOUSANDS of buyer in our database!

There were 2,053 properties listed in April, a decrease of 14.5 per cent compared to April of last year, and 9.4 per cent lower than the 10-year average.

MORE MONEY

“It’s not a big surprise that sales decreased compared to last year,” said RAHB CEO George O’Neill. “April 2015 was the first of the all-time record-breaking months we had last year. April 2016 sales were still relatively high, at 13 per cent above the 10-year average.”

We sell homes for up to 6% MORE MONEY!

Seasonally adjusted* sales of residential properties were 3 per cent lower than the same month last year, with the average sale price up 16.2 per cent for the month. Seasonally adjusted numbers of new listings were 11.1 per cent lower than April of 2015.

FASTER RESULTS We sell homes 3 TIMES FASTER!

Seasonally adjusted data for residential properties for the month of April, 2016:

THE GOLFI TEAM Sells an average of 1 HOME PER DAY!

Continued on Page 3...

Sharon Stafford*

905-575-7700 905-945-0188 GolfiTeam.com

Wendy Murray-Nicholson*

Ashley Sidler*

Catherine Wellman*

Mike McNeil*

Dan Golfi*

Binda Traver*

Jeff Golfi*

Monique MacKay*

Laura Bielak*

Donatella Pepe*

Jennifer Draho*

Rose Pimenta-Martinho*

Hank Balfoort,

BROKER OF RECORD

Chris Sarievski*

Rob Golfi Sales Representative

*Seller & Rob must agree on price and terms.


Page 2

The GOLFI TEAM Real Estate Market Watch

May 2016

www.GolfiTeam .com


May 2016

The GOLFI TEAM Real Estate Market Watch

Page 3

Re-Sale Market Still Hot in April (Continued from cover)

A

ctual overall residential sales of 1,563 units were 4.5 per cent lower than the same month last year. Residential freehold sales were 3.1 per cent lower than April of 2015 while sales in the condominium market decreased by 10.4 per cent. The median price of freehold properties increased by 14.4 per cent over the same month last year while the median price for condominium properties increased by 10.6 per cent compared to the same period.

The average price of freehold properties showed an increase of 14.5 per cent compared to April of last year; the average sale price in the condominium market increased by 12.7 per cent when compared to the same period. Average sale price is based on the total dollar volume of all properties sold through the RAHB MLS® System. Average sale price can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Contact a REALTOR® for information about your area or property.

The average days on market decreased from 27 to 25 days in the freehold market and from 33 to 25 days in the condominium market, compared to April of last year. “With only a little over a month of inventory and a high list-to-sell ratio in the residential market, our area continues to be hot,” noted RAHB President Kim Alvarez, “Residential median and average sale prices have risen over 14 per cent since the beginning of the year – a substantial increase over only four months.”

numbers formonth the month of April, 2016 compared April, 2015: TheThe numbers for the of April, 2016 compared to April,to 2015: All Property Types Listings Sales Average Sale Price End of Month Listing Inventory

April 2015 2,401 1,694 $450,665 3,610

April 2016 2,053 1,649 $514,722 2,511

% Change -14.5% -2.7% 14.2% -30.4%

Residential Only Listings Sales Median Sale Price Average Sale Price Average Days on Market End of Month Listing Inventory

2,241 1,637 $380,000 $448,350 28 2,885

1,929 1,563 $430,000 $514,746 25 1,892

-13.9% -4.5% 13.2% 14.8% -10.7% -34.4%

Freehold Only Listings Sales Median Sale Price Average Sale Price Average Days on Market End of Month Listing Inventory

1,850 1,320 $410,000 $482,294 27 2,359

1,565 1,279 $469,000 $552,222 25 1,520

-15.4% -3.1% 14.4% 14.5% -7.4% -35.6%

Condominium Only Listings Sales Median Sale Price Average Sale Price Average Days on Market End of Month Listing Inventory

391 317 $289,000 $307,005 33 526

364 284 $319,750 $345,974 25 372

-6.9% -10.4% 10.6% 12.7% -24.2% -29.3%

160 57

124 86

-22.5% 50.9%

Commercial Only Listings Sales

Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart.

Call Today 905-945-0188

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental


Page 4

The GOLFI TEAM Real Estate Market Watch

May 2016

Hamilton, Stoney Creek, Ancaster, Dundas & Glanbrook

ROB GOLFI

Sales Representative

Stunning 1324 sq.ft. Condo Apartment!

HAMILTON HOT AREA!

First Year of 5 Year Lease.

Aldershot 4-Level Side-Split!

Spacious 4 Bedroom!

LOCATION ROCKS! BEASLEY NEIGHBOURHOOD!

Spacious Executive 1 Bedroom Condo

LOCATION, LOCATION!

Charming Semi On Quiet Court

BRIGHT AND SPACIOUS!

Trendy Neighbourhood of Stinson

Opportunity knocks on Ottawa Street North!

2 bedrooms, master with ensuite and walk-in. Hardwood floors, pot lights, granite counters in kitchen. 2 underground parking spaces, exercise and party room for amenities. Close to shops, restaurants, minutes to Ancaster Village and Highway. 125 Wilson Street West, Unit 109, Ancaster | $554,900

3+1 bedroom, 1.5 bath. Gourmet kitchen, granite, stainless steel appliances, updated kitchen, baths, furnace and windows. Finished throughout, home office, fenced yard on corner lot. Located near shopping, trails, parks, schools and GO Station. 1004 Marley Crescent, Burlington | $620,000

In the desirable and well managed building of The Terraces! Offers stainless steel appliances, granite counters, espresso laminate floors and steps to GO Train station with quick access to QEW. A large terrace and an upgraded parking spot and low condo fees 101-5070 Fairview Street, Burlington | $314,900

Very nice east Hamilton two storey, was a two family at one time, outside stairs from second floor. Open concept, nice open area on second floor for office or study area. Shows nice, no carpet. Walk to center mall, steps to Ottawa street shopping district. 32 Britannia Avenue, Hamilton | $239,900

LANDSDALE NEIGHBOURHOOD! Main floor tenant pays $695.00/mth, upstairs tenant pays $995.00/mth. Rent has not been increased in 5 years. Landlord pays utilities. ESA approved electrical and fire retrofit (2014). Both tenants are month to month. Laundry in the basement. 23 Century Street, Hamilton | $289,900

Dundas home with wrap around balcony patio. Mature treed lot, in-ground heated pool, backyard with room to garden. Updated eat-in kitchen & baths. Family/dining room with gas fireplace, rec room with wood burning fireplace. Master bedroom with his & hers closets. 46 Autumn Leaf Road, Dundas | $539,900

This house has it all! Grand 2.5 storey home! Walk to new Tim Hortons field, buses and shopping. New Brian Timmins soccer pitch and park being built across the street! House has extensive updates, wait till you see the kitchen! Wiring and plumbing updated. 34 Lloyd Street, Hamilton | $239,900

Loft in the Stinson School Lofts. Over 1300 sq.ft. of open concept living with 11’ ceilings, original chalkboards accenting the exposed brick walls, 8” baseboards, stainless steel high efficiency appliances including in-suite washer and dryer, granite counters and hardwood flooring. 200 Stinson Street, Unit 105, Hamiltn | $359,900

Commercial tenant pays all utilities and property taxes except the portion of taxes for apartment. Used as restaurant/bar with full kitchen, 3 washrooms, 2 furnaces and central air. Partial basement with very large apartment rented $700.00 plus all utilities. Each unit has separate meters. 79 Erie Avenue, Unit 75, Brantford | $419,900

Detached two storey double brick century home with a detached garage! This home features custom paint colours, huge eat-in kitchen with granite and appliances. Updates include bathroom, floors, wiring, windows, garage door, furnace and central air. 176 Wilson Street, Hamilton | $329,900

4 Bedrooms, 2.5 baths, bright spacious eat-in kitchen with walkout to back yard, ceramics and hardwood, partially finished basement with rec room and bathroom, oversized lot, fenced yard. 12 Electra Court, Stoney Creek | $299,900

Currently used as commercial office and residence with separate entrances and hydro meters. Could be used as a residence. Large 20’ x 20’ block garage. Furnace and roof 2015, water heater 2013. Buyer to verify usage. 95 Ottawa Street North, Hamilton | $319,900

www.GolfiTeam .com


May 2016

The GOLFI TEAM Real Estate Market Watch

Page 5

Hamilton, Stoney Creek, Ancaster, Dundas & Glanbrook

ROB GOLFI

Sales Representative

LOOKING FOR AN INVESTMENT PROPERTY?

Walking Distance To Go Station!

Concession St. Loft With Corner View.

IT’S ALL ABOUT THE VIEW!

Well Cared for 3+3 bedroom!

Beautiful 3 Level Backsplit

Beautiful 3+2 Bedroom Home

Plenty of updates! Move in ready!

LOCATION, LOCATION!

This home features one bedroom, nice layout with high ceilings, gorgeous backyard with access from kitchen. Makes a nice little rental property. New roof, well cared for, walk to gage park, Tim Hortons Field, major bus line outside the door, great for downsizer. 1183 King Street East, Hamilton | $159,900

Close to highways and amenities. 3 bedroom corner unit on the 8th floor with oversized balcony and amazing unabstructed views of the Niagara Escarpment. Beautiful laminate flooring throughout. Eat-in kitchen with lots of cupboards. Ample parking. 15 Nicklaus Drive, Unit 815, Hamilton | $100,000

Welcome to this beautiful home with a park like setting with a large deck to create your own oasis for the summer. Features gorgeous hardwood floors on upper level with large bedrooms, fully finished lower level with 2 bedrooms, rec room, kitchen, and bathroom. Get in just in time to throw those summer parties. 330 Margaret Avenue, Stoney Creek | $499,900

Charming Freehold Townhome in Historic Corktown, 3 beds, updated kitchen and bath, hardwood and ceramics throughout, beautifully landscaped yard with wrap around deck. Walking distance to Go Station, downtown, shopping, restaurants, parks and transit. 136 Augusta Street | $399,900

Large 3+3 bedroom home located within walking distance to McMaster. Updated kitchen, baths, furnace, roof ‘15, lots of parking, detached single garage and private rear yard. 120 Leland Street, Hamilton | $489,900

A must see before it’s too late. Many updates: roof, furnace, central air conditioning, brand new walk out, new 3 piece bath, no carpets, granite, too many updates to list. Close to Redhill! Ready to move in! 105 Beland Avenue North, Hamilton | $349,900

Features a prime northwest view, two bedrooms, eatin kitchen with a granite breakfast bar, maple cabinets with custom tiled back splash and lighting, stainless steel appliances, upgrade cove ceilings throughout, radiant heat, central air, laundry, prime parking and locker spaces. 832 Concession Street, Unit 31, Hamilton | $259,900

Attention all investors, renovators, or first time home buyers!Located on West Hamilton mountain features 3 bedrooms, 2 bathrooms, updated windows, newer furnace and central air. Pride ownership for 40 years. Close to amenities, schools and recreation centres. 34 Tyrone Drive, Hamilton | $299,900

Rarely do homes come up for sale in this location. Bungalow with beautiful curb appeal and landscaping! Money spent on renovations. Front porch and steps, hardwood flooring, solid interior doors, fencing, shingles and much more. Renovations started in hallway, large eat-in kitchen needs updating. 90 Highcliffe Avenue, Hamilton | $329,900

Your Home Sold GUARANTEED! Immaculate 2880 sq.ft. Home!

Summit Park beauty the Ridgemont model, features open and inviting floor plan, grand foyer with oak staircase, 9 ft. ceilings, wonderful family size kitchen, luxurious master bedroom with spa inspired ensuite with relaxing Roman tub and fully fenced yard. 125 Boulder Crescent, Hannon | $649,900

Great Family Mountain Neighbourhood!

This 3+1 bedroom home offers a large living room, open concept dining area and large kitchen with lots of cupboard space. Updated roof and freshly painted. Downstairs has a large rec room with wood fireplace, bedroom, large laundry room and walk up to the rear yard and a walk out to the single car garage. 30 Ravenbury Drive, Hamilton | $389,900

Call Today 905-945-0188

Get your FREE HOME EVALUATION and get your home sold! Call The Golfi Team today!

905-575-7700


Page 6

The GOLFI TEAM Real Estate Market Watch

May 2016

“We sell MORE...because we do MORE!”

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www.GolfiTeam .com


May 2016

Sharon Stafford*

Wendy Murray-Nicholson*

The GOLFI TEAM Real Estate Market Watch

Mike McNeil*

Dan Golfi*

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Laura Bielak*

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Page 7

Monique MacKay*

Donatella Pepe*

Rose Pimenta-Martinho*

Chris Sarievski*

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Page 8

The GOLFI TEAM Real Estate Market Watch

May 2016

Grimsby, Beamsville, Lincoln & West Lincoln

ROB GOLFI

Sales Representative

Gorgeous 3000 sq.ft. All Brick Victorian Home

Victorian home CIRCA 1900. With Carriage house, all original wood trim, hardwood floors, finished loft, slate tile roof, new furnace, kitchen with island, carriage house ideal for in-law with full kitchen and bathroom and separate furnace and central air. 168 Main Street East, Grimsby | $850,000

How Sweet It Is!

This 10 acre parcel, 2 bedroom bungalow awaits your touches. Separate 3 car garage is perfect for the hobbyist and driveway can hold the oversized toys. Home is situated down the road from Rockway Golf Course. 3063 Ninth Street East, St. Catharines | $449,900

Centrally Located ¾ Acre Land Site!

RM2 ZONING – ¾ acre land site centrally located downtown area, permitted uses apartment dwelling, boarding or lodging dwelling, home for the aged, nursing home, group home, private home daycare. Call for details on permitted uses. Lot #201 Academy Street, Beamsville | $399,900

Great Opportunity!

Approximately 21 acre property with 16 acres of vines planted. Build your dream on lakefront parcel or create your own winery. Can be purchased with adjoining Lakeside Dr property. 4921 Sann Road, Beamsville | $1,499,900

Stately Home with In-Law Suite!

Home features 3 car garage, main floor dining room, great room, large eat-in kitchen, laundry and office. 1 bedroom in-law suite with separate laundry and entrance. Basement partially finished and backyard with above ground pool. 701 Broman Court, Caistorville | $724,900

1-1/2 Storey Charmer

3+1 Bedroom, 2 full bathrooms. Main floor bedroom, sunroom, large living/dining room. Updated weeping tile/waterproofing, roof, some windows/doors, furnace, bathroom. Large driveway easy to turn around in. 11617 #3 Highway, Wainfleet | $199,900

www.GolfiTeam .com


May 2016

The GOLFI TEAM Real Estate Market Watch

RE/MAX Agent Sharon Stafford Earns Hall Of Fame Award

Page 9

S

haron Stafford with The Golfi Team RE/MAX, was presented with the RE/MAX Hall of Fame Award in 2015, which honors successful agents who have earned more than $1 million in commissions during their careers with the company. Less than twenty-three percent of all RE/MAX Affiliates have earned this prestigious award. Sharon has been working in the real estate industry for more than 8 years and has extensive experience working with buyers and seller, first time home buyers, and seniors (downsizing). Among Stafford’s list of achievements, she has earned The Re/Max 100% Club (2009-2015). “Sharon has been an integral member of our team and is more than deserving of this very prestigious award,” said Rob Golfi, Sales Representative, of The Golfi Team RE/MAX. “Winning this award is a tremendous accomplishment. Sharon continues to raise the bar in real estate, making us, and this community, proud.”

Sales Representative

RE/MAX is the most productive real estate network with its Sales Associates averaging more sales than other real estate agents. Over 100,000 agents provide RE/MAX a global reach of nearly 100 countries. Nobody sells more real estate than RE/MAX.

Cell: 905-818-6584 Office: 905-575-7700 Sharon@golfiteam.com

About The Golfi Team RE/MAX:

Sharon Stafford

664 Fennell Ave. East Hamilton, ON L8V 1V1

The Golfi Team RE/MAX is a locally owned and operated full-service real estate brokerage located in Hamilton and Grimsby. Founded in (Year), the brokerage has 18 Realtors® and specializes in residential and commercial real estate.

OUR 5  CUSTOMER REVIEWS WOW! Did we ever make the right decision in choosing to have Rob Golfi and his Team sell our house – it only took 14 days to sell, even in this tough weather. Rob and his Team were professional, knowledgeable and most importantly results oriented. They negotiated a fair deal for our house. We recommend The Golfi Team and if you want your home sold fast with great results, don’t look any further. Thank you for all your efforts on our behalf. Wayne & Virginia Hi it’s Gerry. We used The Golfi Team to buy our seventh home in the Grimsby area. Although it was our seventh purchase, it was the first time we used The Golfi Team. What impressed me about The Golfi Team is what they noticed before I even noticed anything. Even though it was our seventh purchase, there were small details in the seven purchases that you would think you would know but our rep noticed tons of little details that made the purchase easier and more valuable. What impressed me about The Golfi Team is as soon as I made my initial phone call a book an appointment because we didn’t know any sales people, I got a return phone call in 15 minutes. It wasn’t ‘when do you want to see homes?’ it was ‘how soon do you want to see homes?’ and that Using The Golfi Team was not something we set out to do. We actually spoke with others initially but were anxious to get started and didn’t get the attention we needed. Not being from the area, someone recommended Rob Golfi and his team to us. We made the call and spoke with Wendy Murray-Nicholson. She responded right away and we had listings to view at our finger tips. She kept us updated by email on everything popping up in the area we were interested in and surround area as well. Wendy was always ready and happy to show us what we requested to see and even suggested homes we may not have seen potential in. We did purchase a home we are very happy with and met a new friend in Wendy as well. I would recommend The Golfi Team to all. -Nickie

Call Today 905-945-0188

was truly impressive. Another point of value that I noticed in the sales process is how quickly our sales rep understood our tastes. She knew what we wanted and where we wanted to be. And truly after seven purchases, that’s something that was important to me. I would definitely recommend The Golfi Team and probably for the biggest reasons - its IMAGE, PRESENTATION, PRODUCT KNOWLEDGE and SELLING SKILLS. They had the complete package when we purchased and bought this home. You really felt well, it felt good, you knew was the right decision and they guide you along the complete process from A to Z. Thank you. -Gerry


Page 10 Page Page Page 1010 10 Page 10

The Golfi Team Real Estate Market Watch The Golfi Team Real Estate Market Watch TheGolfi GOLFITeam TEAMReal RealEstate EstateMarket MarketWatch Watch The The Golfi Team Real Estate Market Watch

August 2015 June 2015 May June2016 2015 June 2015

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Jacqueline Paradisi Jacqueline Paradisi Jacqueline Paradisi Jacqueline Paradisi

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May 2016

The GOLFI TEAM Real Estate Market Watch

Page 11

I Sell Houses Fast!

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We are the #1 selling agents in the Hamilton, Burlington and surrounding area. We have thousands of buyers in our database ready to buy homes for top dollar in your neighborhood. We have a proven track record and if I can’t sell your home I will buy it. Call today or fill out the form online at

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Rob Golfi 905-575-7700 Sales Representative

Robgolfi@GolfiTeam.com

CONSUMER FEATURE

New program provides emergency mortgage loans to homeowners On November 1, 2012, Expert Mortgage launched the “85-Alive” program in Ontario. The concept was simple: as long as you had a pulse, Expert Mortgage would provide you with a home equity loan, up to 85 per cent of the value of your property. No job required. Bad credit, OK. The reason why Expert Mortgage could offer a “no questions asked” lending program, while the major banks could not, is that they represent over 200 private lenders who lend strictly on property value. These subprime lenders specialize in mortgage clients who have had some bad luck, and need a helping hand until they get back on their feet. The program has been so successful that Expert Mortgage can barely keep up with the volume of calls. To help fund this unexpectedly large number of borrowers, it has partnered up with dozens more private lenders.

Licensed Mortgage Agent Rashida Riel Expert Mortgage’s “85-Alive” representative for the Golden Horshoe Region, says, “We’re seeing mostly homeowners behind on mortgage and property taxes. The banks are refus-ing to restructure their loans. Many of these people have lost jobs due to the bad economy... or they’re selfemployed. Unless you are a perfect applicant, the bank doesn’t want to talk to you.” But not everyone condones Expert Mortgage’s easy lending criteria. A local real estate agent with 25 years of experience, who has asked to remain anonymous, says, “When this market turns down, it’s going to get ugly! It’s utter financial suicide for Expert Mortgage to be giving money away so easily to clients without the ability to make payments. I’d be surprised if they’re still in business five years from now.” Nonetheless, homeowners

like Anita P. don’t see a problem with the program. When questioned on how she plans on making payments on her mortgage when she has no income, Anita responds, “We were four months behind on our mortgage and they saved our house. My husband has been unemployed for nine months. He won’t be unemployed forever. We used the 85-Alive loan to pay off all our debits. We also had $25,000 left over that we put in the bank for emergencies. And to make life easy, they worked it out so we have no mortgage payments for 12 months.” For more details on the ”85Alive” program, contact Rashida Riel www.RashidaRiel.ca 905-531-6223 or 1-888-334-6089 BROKER LIC#12079

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Page 12

The GOLFI TEAM Real Estate Market Watch

May 2016

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