Lynn Hoffmann, Re/max Escarpment

Name: Lynn Hoffmann, Re/max Escarpment
Address: 502 Brant Street, Burlington, ON, L7R2G4, CA
Telephone: +19056318118

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Canada
Burlington, ON
Lynn Hoffmann, Re/max Escarpment

I am passionate about Real Estate and the value that the Real Estate professional brings to their clients.

My core skills are coaching, training, brokerage management, mentoring and operation's management. With a strong background in residential sales, luxury sales, staging and real estate investment that round out my real estate skills. I am passionate about the Real Estate industry and the value that the Real Estate professional brings to their client's. My focus is on training, developing and suppor

ting the Realtors for the growth and sustainability that is required to build a solid business. By applying the fundamentals of lead generating activities with a focus on attitude, knowledge and habits I have consistently produced significant results in their level of income, and referral business. I'm dedicated to serving the Realtor by providing the environment and tools that they require to successfully serve their clients at the deepest level. For more updates, visit https://realintro.com/lynnhoffmann

07/17/2024

🔹MARKET PULSE

June was a challenging month across all of the markets we serve. When we combine the results of both of our companies we were down 3% compared to June 2023, considerably outperforming all of the real estate boards we trade under. One month does not a trend make, however our YTD numbers far exceed what is happening in our local markets.

The Canadian Real Estate Association (CREA) recently changed their forecast for 2024 from a 10.5% gain over 2023’s unit sales to a 6.1% increase. CREA went on to say it “anticipates a gradual rebound in the national housing market... We think that markets will be stronger in the back half of the year, as the economy holds up and more meaningful interest rate relief is delivered.”

RE/MAX Escarpment and Niagara have kept pace with CREA’s original forecast for the year, and exceeds their revised forecast by 33%, with our agents well ahead of our competition, outselling them by nearly 4.5 times.

07/16/2024

🔹 APPOINTMENT CENTRE

📌This week, our appointment centre booked a nearly 20% increase in appointments with our busiest day, Thursday, seeing 546 total appointments that day alone.

🔺In the last 6 years there have only been 5 Thursday’s which exceeded 500 appointments, once in early June 2019 where we came off a slow Q1 and somber spring market, and the rest were mid July and the fall of 2020, following a period of decline and uncertainty due to Covid. This could prove to be a bellwether for a brisk market going forward.

In addition, the gap between our 2023 and 2024 monthly appointments has decreased significantly with a -20% gap rather than the nearly -30% gap we saw last week.

📍Sales this week slightly surpassed the 4 year average for the month of July (257 property sales) which illustrates a consistency to overall sales during the month of July.

The appointment/sold index dropped to 8.4, which is approximately where it was two weeks ago. This combined with new listings surpassing solds, suggests that buyers are thoughtfully curating a list of properties which either get reduced to the market price or are newly listed and priced with precision.

🔹Our top price ranges saw some interesting shifts this week, as Halton saw the $550-600k and $650-700k ranges in the #2 and #3 spots, which are much lower than the usual price ranges that have been most popular in this region.

Niagara saw the $1-2M range drop from the charts altogether in favour of ranges between $450k and $800k. As usual, Hamilton has remained fairly consistent with the exception of the $450-500k range which climbed to #3 this week.

Read the full article below ⬇️
https://www.remaxescarpment.com/posts/whats-happening-in-the-appointment-centre-july-7-13

07/15/2024

🔹LIFE AT EN REVIEW

Our luxury brand, The Renowned Collection has RELAUNCHED & REBRANDED.

We proudly present the new and improved Luxury Collection website, showcasing premier luxury listings across Niagara, Hamilton, Burlington, and Oakville.
Designed as an exclusive portal to RE/MAX EN's luxury experience, visitors can experience our luxury listing offerings, read about trends that elevate luxury living, and view outstanding videos of truly exceptional homes.

Don't forget to explore our pivotal development projects and breathtaking international properties in Tulum, Mexico, and beyond through our luxury partners.

Make sure to follow along our IG page and check us out at
www.therenownedcollection.com

07/12/2024

🔹MARKET UPDATE

What we should be talking about this week…

📌 Stoney Creek Mtn # 1 Area searched

Less than 3 months supply for last 2 months Stoney Creek Mtn below Hamilton and Surrounding at 3.69 months supply.

🔻New listings down by 26%

Conditional on Sale of Property at 42% of conditionally sold properties from Fort Erie to Oakville.

Most Cond on Sale of Property:
1) St Catharines
2) Fort Erie
3) Flamborough

Cond SOP average price $1,011,000.
Other Cond average price $869,000

07/09/2024

🔹APPOINTMENT CENTRE

This week included the July 1 Canada Day holiday, resulting in a 4.2% decrease in overall appointments. While the start of the week was noticably lighter in appointments, they increased substantially starting July 2. Overall in June, appointments were down 33.24% when compared to June 2023.

Our Appointment/Sold Index rose to just above where it was 3 weeks ago, sitting at 11.9 appointments on average per property sold. New listing inventory outpaced sales by a large margin, resulting in more choices for buyers.

Top price ranges in our #1 and #2 spots in both Hamilton and Burlington stayed exactly the same, while Niagara’s top spots inched up slightly. The remainder of our top 5 in Hamilton saw an increase in the lowest range from $450 to $650, while Burlington’s lowest popular pricce point was $550-600k. Niagara saw demand for the $1-2M range drop slightly.

Read the full article below
https://www.remaxescarpment.com/posts/whats-happening-in-the-appointment-centre-june-30-july-6-2024

07/08/2024

🔹 WHAT OUR AGENTS ARE SAYING

‼️ At RE/MAX EN we are honoured to have our agents saying such kind words.

📌 Your success, our commitment.

07/05/2024

🔹MARKET UPDATE

📌What we should be talking about this week….

📍 #1 searched home 6638 Argyll Crescent.

#1 area searched Niagara Falls
Sales to new listings ratio

Overall - 36%
600k to 700k - 31%
550k to 650k - 51%

June Unit sales was down double digits.

🔻YTD - Niagara down (-1%)
🔻Oakville-Milton down (-4.3%)
🔻Hamilton-Burlington down (-7.2%)
🔻Toronto down (-5.4%)

🔺RE/MAX Escarpment and Niagara
Up (+9%)!!!!

07/03/2024

🔹APPOINTMENT CENTRE

🔺The last time Canada Day was on a Monday was 2019 where we had a large increase in appointments prior to the 3 day long weekend followed by a large decrease the week that contained the 3 day long weekend.

In 2024 where Monday was the July 1st holiday we saw the same pattern, however the appointments-to -sold index averaged 9 over the past 5 years with this week’s number coming in at 8.3, after remaining above 10 for the past 2 weeks.

Sales remain strong and continue to outpace new listings (by 4 properties this week) where this pattern has played out most of of Q2, which has been divergent with the last 5 years with new listings outnumbering sales by nearly 100 properties from 2019 to 2023 for the same week. Consumers have clearly set their sights on new inventory which is value priced in real time.

Our top price ranges saw some changes this week. The $1-2M range is still on top in both Hamilton and Halton, and it slowly climbing back to the top in Niagara. Halton is once again seeing our highest price ranges occupying the top three spots.

Hamilton remained fairly consistent to previous weeks with mid to high price ranges occupying most of the top spots.

READ THE FULL ARTICLE BELOW ⬇️
https://www.remaxescarpment.com/posts/whats-happening-in-the-appointment-centre-june-23-29

07/01/2024

🇨🇦 Happy Canada Day! 🇨🇦

Celebrating our beautiful country and the incredible communities we serve. From coast to coast, RE/MAX EN is proud to help Canadians find their dream homes. Here's to a day filled with joy, pride, and gratitude. Happy Canada Day! 🍁🏡

06/28/2024

🔹MARKET UPDATE

📌What we should be talking about this week….

📍Brantford has #1 spot for most searched area

Bungalows are driving the market
3 month trend of Sellers market (sales-to-new listings 62%)

Benchmark price over last month up nearly 1%.

🔺Bad news for BOC inflation up to 2.9% from 2.7%

CIBC study shows 31% of first time buyers received down payment help from parents (20% in 2015).

⬇️Average down payment help $128,000 up 52% from 2019.

06/27/2024

🔹EDUCATION

What does education at RE/MAX EN mean?

At RE/MAX EN, we are committed to offering forward-thinking, relevant continuing education opportunities because we believe that knowledgeable agents are empowered agents.

By staying ahead of industry trends and honing their skills, our agents can provide exceptional service, adapt to market changes, and achieve greater success.

Stay connected! 📌

06/26/2024

🏌️‍♂️⛳️ Get Ready to Tee Off for a Cause! ⛳️🏌️‍♀️

Join us on July 4th at the beautiful Huron Lake Golf Links for the RE/MAX EN Charity Golf Tournament!

📌We're already 90% sold out—don't miss your chance to be part of this fantastic event.

Grab your spot now and support a great cause! 🏌️‍♂️🏌️‍♀️

Register through the link in our bio ⬆️

Address

502 Brant Street
Burlington, ON
L7R2G4

Telephone

+19056318118

Website

http://www.remaxescarpment.com/

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