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Meadowland House Price Report
July 2016
BRANDOWBARBARA & TYSON
REAL ESTATE GROUPSALES REPRESENTATIVES
Prepared By
9055731188
Not intended to solicit clients under contract with another Realtor
Here's Your Report!Dear Friend,
Here’s your “Meadowland Price Report” which includes a summary of all sold homes forthe last 6 months in the Meadowlands.
This report will give you a general idea of what homes (at least from the outside) are sellingfor today.
As you probably know, there can be tremendous variation in what identical model homes sellfor even on the same street!
So please take this report with a small note of caution. The value of a home dependson factors besides just housing type and number of bedrooms. Things like market supplyand demand factors, square footage, overall condition, upgrades, lot size and specific location arejust some of the other key factors involved.
Real estate consultants like us would be able to help you sort through these influenceson value and keep you safe when its time to sell your home.
Our intention was to create an easytoread report, full of valuable information about what atypical home sells for in The Meadowlands provided as a free service to local residents.
Enjoy!
Yours Sincerely;
Sales Representatives
Re/max Escarpment Realty
9055731188
The Brandow Group
Q-Should we finish our basementif we're considering selling??
UncommonKnowledge pt: 1
A The best reason to finish your basement is for your own enjoymentwhile you live in your house. It can be a fun or practical or income
producing space. If you are thinking of selling, though, you have likelywondered whether it is worth finishing your basement to increase its
market value. The answer is: See below :)
The following stats are based on all Meadowland sales from Jan 2015 todate. We compared the average price of all sold properties WITH finishedbasements to all properties sold WITHOUT finished basements. There
were a few hundred of each. The findings are quite interesting...
UnFinished BSMT$573,730
Finished BSMT$601,675
Thats a difference of $27,975.00. It may sound tempting at first but accordingto many contractors the price ranges from $25$35 per square foot. Using asimple calculation based on a 1000 sqft basement & you're looking at $25
35,000 depending on materials used! So, should you spend a dollar to make adollar? We suggest no. There are much better ways to invest in getting topdollar for your home. Stay tuned for these TOP reno's or request a roomby
room review for your home.
The graph below shows the average selling price of homes in
the Meadowlands between 2012 2016. Notice any trends?
20122014 had marginal increases year over year while 2015 and
2016 have seen significant increases!
Freehold Townhouses
Month
Condo Townhouses
Sales NewListings Ave. Price Med. Price
% Sales toNew
ListingsAve. % List Ave. DOM
JanuaryFebruaryMarchAprilMayJune
Detached
1
5
5
5
1
0
4
3
3
6
2
0
Condo Townhouses
397,000
378,000
351,000
438,080
435,471
n/a
397,000
375,000
351,000
485,000
405,000
n/a
25%
166%
33%
83%
250%
n/a
99%
99%
100%
100%
101%
n/a
93
18
4
26
16
n/a
Month Sales NewListings Ave. Price Med. Price
% Sales toNew
ListingsAve. % List Ave. DOM
JanuaryFebruaryMarchAprilMayJune
0
2
2
1
4
0
0
1
2
1
1
0
n/a
388,000
411,000
469,000
424,500
n/a
n/a
388,000
411,000
469,000
429,500
n/a
n/a
200%
100%
100%
400%
n/a
n/a
99%
100%
100%
104%
n/a
n/a
51
86
23
12
n/a
Month Sales NewListings Ave. Price Med. Price
% Sales toNew
ListingsAve. % List Ave. DOM
JanuaryFebruaryMarchAprilMayJune
7
7
18
14
21
21
8
13
14
22
9
10
580,210
695,051
641,432
762,420
662,395
703,902
595,210
660,000
591,500
767,700
640,000
700,000
88%
54%
129%
64%
233%
210%
97%
98%
99%
100%
101%
98.45%
46
76
29
23
42
24
Weekly Appointment ReportAs important as recent sales are, buyers are comparison shoppers. This means current inventory and a
bump or decline in buyer activity can mean thousands of dollars in or out of your pocket. Since Re/Max
Escarpment sells more real estate then any other brokerage in the area, the below report gives us vital
information in real time. It shows the number of showing booked per day, the average number of homes
buyers are viewing before purchasing as well as the tops areas and price ranges for the week!
WEEK: June 26-July 2, 2016APPOINTMENT BREAKDOWN
This number measuresthe relationship between
properties that Sold this week tothe number of
appointments made during thesame week thereby measuring
Buyer motivation
THE STORY THIS WEEK:Activity in the Appointment Centre dipped slightlydue to the Canada Day long weekend. Howeverthe total number of appointments booked for themonth of June increased by 7.6% over thesame month last year. There’s no doubt weare doing bigger and better numbers through theyears, but where is the action coming from? TheHamilton Mountain dominates the top 5 spots inappointments booked, and we see million dollarhomes selling in Burlington again. Our very lowSold/Appointment Ratio is also responsiblefor our continued success as this week asit shrinks down to 8.1. The quicker wesell homes, the lower it goes, so let’s keep at it!
APPOINTMENTS WEEK AT A GLANCE
1838 13% 228 8.1appointments
booked
% change over previous week
total propertiesSOLD this week
SoldAppointmentIndex
may 4
TOP 5 DISTRICTS TOP 5 PRICE RANGES
MONTHLY COMPARISON 2015 vs. 2016
SOLD/APPT. INDEX- PAST 4 weeks
APPOINTMENTS YEAR AT A GLANCE
HAMILTON BURLINGTON
#1
#2
#3
#5#4
for appointments booked
#1
#2
#3
#5
#4
#1
#2
#3
#5
#4
Dist. 17 Hamilton Mountain
Dist. 20 Hamilton Centre
Dist. 15 Hamilton Mountain
Dist. 16 Hamilton Mountain
TIED Dist. 25 Hamilton MountainDist. 51 Stoney Creek
10,888 7.6%Total Appointments:
June 2016% change
2016 vs. 2015
10,120Total Appointments:
June 2015
*Source: RE/MAX Escarpment Internal Data
$350400k
$350400k
$450500k
TIED $300350k$1M2M$300350k
$100200k $700750k
$500550k
$400450k
$250300k
(holiday adjusted)
YEAR OVER YEAR APPOINTMENTREPORT
This report is a tool designed to help RE/MAX
Escarpment agents assist clients in understanding
market trends based on historical data, in order to
make informed and educated decisions that result
in the best real estate decisions possible!
Jan. 1st Dec. 31st,2014
Jan. 1st Dec. 31st, 2015
90,219
74,33121.3%INCREASEin Appointmentsbooked over 2014
Average Price HEAT MAP
The image below shows the 1year average price in the Meadowlands. Thisincludes all property types including detached homes, condo and freehold
townhouses. This does not mean your house is worth the average! If you wouldlike more specific report we would be happy to provide one.
Average Price Growth HEAT MAP
This image shows the previous 1year average price increase as a
percentage. Overall the increase has been very strong. We will continue to
keep you uptodate with the latest stats!
Average Turnover Rate HEAT MAP
Turn over rate refers to the number (or percentage) of homes out of every 100that sell each year. In areas where new home are being built, the turnover rateis always higher, as is the case with the Meadowlands. Older more established
neighbourhoods typically have lower turnover rates
What Our Clients Say!
You deserve to
work with the
best! Here's
what just a few
of our clients
have said about
us. Feel free to
look them up on
GOOGLE for
your self!
Here's Three EasyNext Steps...
You've made a smart decision to request the "Meadowland PriceReport". With this information, you'll have a basic idea about whatyour home might sell for if you choose to put it in the market in the
next few months.
Here are 3 FREE services you maywant to take advantage of right now:
First, is our Free "PinPoint Price" Analysis. Here we take a closerlook at your house and prepare a very specific price for your home.This price will be much more precise than the general rangeincluded and we can guarantee in writing to sell your house whenlisted at the "PinPoint Price" in less than 60 days
Second, is our Free "RoombyRoom Review", where we make veryspecific recommendations about which fixups or improvements youshould (and shouldn't) do to prepare your home for sale. We'll pointout the lowest cost, highest return improvements you can make to sellyour house quickly and for more money.
Third Join the "Daily Tour of Homes". It's wise to educate yourself aboutwhere you would like to move before selling your current home. Join usfor a no obligation tour of homes in your next desired neighbourhood.The primary goal of the tour is education, not necessarily to find theperfect home. So don't worry about bringing your chequebook, but beready to LEARN!
These 3 services are free, each take less than two hours, and we can arrange a time that mostconvenient for you.
Take a look at the information we've included here and then, when your're ready call us at9055731188 or email is at [email protected]
Best Wishes
The Brandow Group / Remax