January 6-12, 2018
Our first complete week in January saw an 18.2% increase in appointments over the previous week. With 85 properties sold, our Sold/Appointment index dropped slightly to 18.7 appointment on average per property sold, likely due to the fact that there are more listings available on the market. Burlington showed up twice in our Top 5 Districts with St. Catharines also very popular. Price ranges in Hamilton remain strongly in the $250-$600 range, while the fluctuation in Burlington shows activity at low, medium and high price ranges. Overall, appointments in January so far are 13.2% higher than they were in 2018 – a great start to 2019!
APPOINTMENT CENTRE: 2018 IN REVIEW
2018 was an interesting year in terms of market activity. Our weekly Appointment Centre Reports gave us a window into what was happening in the market in real time.
January’s numbers showed us that consumers had commitments from their financial institutions and thus were not affected by the stress test which came into being on January 1st, 2018. February and March saw significant drops in appointments (-33% and -31% respectively). Gradually April began the turn around with May, June, and July closing the gap with a smaller decrease in showings over the same period last year. September’s numbers were the tipping point to a very robust fall where we were almost par with last year’s appointment numbers. Overall the market in our trading area was down by 17.6%, however as a company, RE/MAX Escarpment outperformed our board significantly with a 4.2% reduction in transactions.
Our Appointment Centre results also reflected our company’s success with an 8.4% decrease in appointments over last year, further proving these statistics are an accurate measurement of the temperature of the market in real time.
CONRAD’S VIDEO SUMMARY OF 2018 IN THE APPOINTMENT CENTRE AND SHARE IT ON SOCIAL MEDIA: