Record March Sales; Low Inventory Continues in 2017

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1803 sales were processed through the RAHB Multiple Listing Service® (MLS®) System in March. The month’s all-property sales set a new high for the month of March, surpassing the record set just last year by 22.2 per cent.

“This is the sixth month in a row – beginning October of last year – that we’ve seen a new monthly record for sales,” said RAHB CEO George O’Neill. “While there was a good increase in new listings, it doesn’t quite balance the number of sales, so the end-of-month listing inventory is 35 per cent lower than last year at this time – that’s less than a month of inventory.”

“Year to date, residential sales are up by 18.4 per cent and the average sale price by 22.9 percent over the same period last year and listing inventory is 35 per cent less than a year ago,” noted O’Neill. “In this market, where homes are selling quickly and buyers are competing for so few listings, a buyer’s and seller’s best ally is a REALTOR® – a real estate professional who can offer the best advice for navigating the market.”

Seasonally adjusted data for residential properties for the month of March, 2017

Seasonally adjusted data for residential properties for the month of March, 2017

Source: http://www.rahb.ca/2017/04/record-march-sales-low-inventory-continues-2017/

Selling your house in Burlington is easy when you work with Lori VanDinther, one of Burlington’s top agents! Team VanDinther will take care of all the details and deliver you the results!

Redevelopment of Burlington’s Waterfront Park and Lakeside Plaza Area

“Lakeside Vision”  – another new project the City of Burlington has started. It’s basically a project to redevelop and improve the southeast part of Burlington, including Skyway Arena, Lakeside Plaza and Burloak Waterfront Park. Designed to revitalize the area, bring more business and visitors, including allow residents to enjoy the premium waterfront area more freely, this initiative is very exciting!

This past November 2015, they had first of many public meetings at Robert Bateman High School, with over 300 people attending this time and sharing their opinions about city’s new initiative in redeveloping Burlington waterfront.

Here is a map of the proposed land for redevelopment.

Skyway Arena – initiative to redevelop the current Skyway park and arena in order to create more space, upgrade the structure, and allow for easier accessibility, as well as, tie it into the Lakeside Village plaza.

Lakeside Village – this is an important community shopping plaza for the Elizabeth Gardens and south East Burlington neighborhoods. Remodelling the plaza, adding appropriate commercial and community services, vital for the area is on top of the list, and connecting the plaza with the waterfront park further south.

Burloak Waterfront Park – the city plans to turn this into a beautiful park that spans along the waterfront as seen in the image below. The project phase I has already started in Nov 2016 and goes till May 2017. It includes four meter wide accessible waterfront pathway, shade pavilion, small performance area with seating, pedestrian guardrail, and invasive tree and shrub species removal. Followed by other phases in summer and fall of 2017.

The overall, high level plan is to basically connect all three areas together. The Skyway park and arena, with the Lakeside Village plaza and that with Burloak waterfront park. Allowing free flow and movement, otherwise obstructed and not so accessible.

Lakeside village pathway to waterfront park

You can follow this project and status updates here: http://www.burlington.ca/lakesidevision

Thinking of moving to Burlington? Or selling your Burlington home? Get in touch with VanDinther Team, Burlington real estate sales representatives, to help you with negotiations or finding the ideal home.

New Outdoor Pool Coming to Burlington’s Nelson Park

After bring deemed “not safe to open” back in August 2015, due to the overall structural tank deterioration, the City of Burlington started the project, to replace the old Nelson Park outdoor pool with a nice new one, this past July 2016. First two out of the three project phases have been completed, and at the moment the pool is well under construction in the last phase. At the rate of progress it’ll be ready for summer of 2017.

When finished, it’ll be a new 8 lane, 50 meter outdoor pool, that will also have to the side a smaller leisure pool. And an close by a splash pad for the kids.

Burlington new Nelson Pool

Burlington new Nelson Pool

How cool and exciting is that, Burlington residents!

Burlington new Nelson pool splash pad

Burlington new Nelson pool splash pad

Those that are interested in pool sponsorship, meaning you get to put your name on certain spots at the pool area, go to this link https://www.burlington.ca/poolsponsor.

More info can be found at City of Burlington’s project webpage.

Thinking of moving to Burlington? Or selling your Burlington home? Get in touch with VanDinther Team, Burlington real estate sales representatives, to help you with negotiations or finding the ideal home.