REAL ESTATE INSIGHT

Are we heading back to the future?

Market continues to adjust in this ‘new normal’ 

Residential sales were up this year from July 2021 but down 20.6  per cent  from June 2022 indicating that the market is not ‘crashing’ but rather continuing to adjust. 

The definition of a market crash is when there are low growth rates or a slowdown in the overall economic growth. This is a significant indicator that the market is going to crash. A slowdown or adjustment in the real estate market does not define a crash. 

When Covid first hit, housing sales slowed right down with the exception of those homeowners that sold and had to buy…the interest rates were not realistic at that time and dropped even more during Covid.

In the long run, today’s new interest rates, although hard to get used to, are here to stay.

The market is still adjusting – sales are still way down which means that busy times are ahead of us and will likely happen this fall (for both buyers and sellers).

We are going through that quiet time again – not quite as bad as 2020, but the majority of sellers are still not accepting the new market values of their homes –
they still want that unrealistic number that their neighbours got earlier in the year.

The back page of this newsletter shows the average prices for the last 12 months and we’ve also added a column showing what prices were in July, 2012 – 10 years ago. As I’ve always said, house prices double every 10 years.

Take a look and you’ll see that you have still more than doubled your investment.

 

Experience the Golfi difference!

Call 1-800-288-9184 today to find out how we can sell your home fast and for top dollar. 

MARKET ACTIVITY

MLS Residential (Year Over Year)

The chart below shows the market update for Hamilton, Halton, Brant, Niagara and the GTA and how it has changed in comparison to last year.

MARKET ACTIVITY

MLS Residential (Month Over Month)

The chart below shows the market update for Hamilton, Halton, Brant, Niagara and the GTA and how it has changed in comparison to last month.

REAL ESTATE INSIGHT

WOW! What a ride the last year was!

* Based on closed transactions July 2021 through July 2022 and July 2012 for 10-year comparison.
Source: RAHB, NAR, BRREA and TRREB.

MARKET ACTIVITY

Interactive Map

Our interactive market activity map allows you to get a year-over-year comparison on the area you are interested in by simply hovering over the area. Check it out here!

TECHNOLOGY

Instant home value?

Receive a no obligation instant home value, just click here!

THE FINER THINGS IN LIFE

Selling your Luxury Home?

As part of our marketing package, we can offer you additional exposure on luxury, international and baby boomer sites to attract more buyers. Visit GolfiLuxury.com today!

EXTRA! EXTRA!

The Golfi Real Estate Show

Every Saturday, Rob Golfi hosts three, region-specific episodes of the Golfi Real Estate Show chock-full of exciting topics and real estate news.Tune in weekly and stay up to date on the latest real estate news! Listen to past and present episodes here!

Schedule

Hamilton Edition: Saturday at 9:00 a.m. on 900 CHML
Niagara Edition: Saturday at 2:00 p.m. on NewsTalk 610
Halton Edition: Saturday at 9:00 a.m. on Bloomberg 1150
Niagara Edition (Repeat): Wednesday at 6:00 p.m. on NewsTalk 610

WHAT OUR CLIENTS THINK

Online Reviews

Across three social platforms and 1,000+ reviews – approximately five times more than our competitors – we have a 4.9 out of 5 stars average.

With our home being listed in a rapidly changing market, Pat & Heather were able to advise us with their extensive market knowledge and back it up with statistical information, making our decisions easy. We sold our home in just under a month and were delighted with the final sale price and would recommend Pat & Heather of the Golfi Team.

– Jeff & Anne

WHAT OUR CLIENTS THINK

Rob Golfi ranks #1 on Google Trends in Hamilton, Halton, Niagara and Brantford!

Google Trends analyzes the popularity of top search queries in Google. In a recent comparison of other realtors and teams for real estate listings being searched on Google in Hamilton, Halton, Niagara and Brantford, WE RANK #1!

THINKING OF SELLING?

We have you and your real estate needs covered.

Whether you’re looking to buy or sell, our team has you covered with an extensive amount of experience in the communities we serve.

BOOK A FREE CONSULTATION!

Book Now!

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1-800-288-9184

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