WALDEMAR NIBURSKI
905-536-7474
and
MARGARET NIBURSKI
905-869-5111

Sales Representatives

Sutton Group Innovative Realty Inc, Brokerage

office:905 575-7070
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3.09%
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2.99%
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3.34%
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STONEY CREEK ONTARIO

2018 PROPERTY FORECAST

HOUSE CONDO PRICES

REAL ESTATE LISTINGS

STONEY CREEK ONTARIO REAL ESTATE HOUSE PRICES PROPERTY FORECAST 2018

 

MAY 2018:

FOR DETAILS PLEASE CONTACT WALDI & MARGARET NIBURSKI

The latest RAHB statistics reported that the sales in May 2018 were down close to 30%. 

The average price of freehold properties as well as condos declined.

stoney creek ontario real estate house prices may 2018

 

Hamilton and Stoney Creek home prices continue to slide from a high reached in April 2017.

The average sale price in Stoney Creek in 2017 was $545,794 vs. $464,762 in 2016.  This is still a 15 per cent increase within a year.

 

FREEHOLDS in Stoney Creek:

Average list price for freeholds: $576,217

Average selling price: $583,002

   FREEHOLDS    AVG LIST PRICE    AVG. SELLING PRICE     $/SQFT     DOM     SP/LP RATIO
2017     $576,217   $583,002     $347    25    109.99%
           

 

RESIDENTIAL FREEHOLDS STONEY CREEK ONTARIO REAL ESTATE HOUSE PRICES PROPERTY FORECAST 2018  2018 PROPERTY FORECAST STONEY CREEK ONTARIO HOUSE PRICES 
 STONEY CREEK MOUNTAIN BUNGALOW STONEY CREEK MOUNTAIN 2 STOREY HOUSE 

 

CONDOS, CONDOMINIUMS in Stoney Creek:

Average list price for condos: $399,519

Average condominiums selling price: $402,420 

   CONDOMINIUMS    AVG LIST PRICE    AVG SELLING PRICE   $/SQFT    DOM     SP/LP RATIO
   2017    $399,519    4402,420    $332    27    104.82%
           

 

stoney creek real estate home prices property forecast 2018  stoney creek mountain real estate home prices property forecast 2018 
 STONEY CREEK MOUNTAIN 2 STOREY FREEHOLD  STONEY CREEK CONDOMINIUMS TOWNHOUSES

 DECEMBER 2017 STONEY CREEK & STONEY CREEK MOUNTAIN HOUSE PRICES:

STONEY CREEK ONTARIO REAL ESTATE HOUSE PRICES HOMES FOR SALE

 

DISTRICT (50)- UPPER STONEY CREEK OR STONEY CREEK MOUNTAIN-AVG PRICE $505,703

LOWER STONEY CREEK- AVG PRICE $517,008

 

2 STOREY TOWNHOUSES IN STONEY CREEK

STONEY CREEK ONTARIO REAL ESTATE PROPERTY FORECAST 2018 HOMES HOUSES  STONEY CREEK ONTARIO REAL ESTATE TOWNHOUSES FOR SALE HOMES HOUSES PROPERTY FORECAST 2018 
 CONDOS TOWNHOUSES IN STONEY CREEK  

 

POPULAR RESIDENTIAL TYPE OF HOMES IN STONEY CREEK AND THEIR PRICES: 

     LISTING PRICE   SELLING PRICE    $/SQFT     DOM   LP/SP RATIO 
   DETACHED    $616,822    $623,935    $361    27    114.6%
SEMIS SEMI DETACHED      $471,894    $483,718    $319    16    103%
   TOWNHOUSE TOWNHOME    $470,610    $476,829    $313    16    101%
   LINK    $488,930    $486,187    $349    26    98.6%

 

MOST POPULAR STYLES OF HOMES IN STONEY CREEK AND THEIR PRICES IN 2017 

     LISTING PRICES    SELLING PRICE     $/SQFT   DOM    LP/SP 
  BUNGALOWS     $538,183    $551,029   $436    25    102%
  2 STOREY HOMES    $607,869    $613,411   $317    24    100.8% 
           

 

STONEY CREEK ONTARIO FREEHOLDS HOUSES FOR SALE PROPERTY FORECAST 2018   STONEY CREEK ONTARIO HOMES HOUSES FOR SALE REAL ESTATE PROPERTY PRICES FORECAST 2018
   

 

3 THINGS TO EXPECT IN STONEY CREEK HOUSING MARKET IN 2018:

1. Stoney Creek housing market was a strong Seller Market for a long time right now it is more like a balanced market. In 2018 we can see the same trends to continue. Buyers will take longer to purchase the property.  Homes will stay longer on the market. It will be a balanced market and maybe even a buyers market. The number of sales may decrease in comparison to 2017 and the number of listings will increase.

2. We can expect some impact of the stress test that every buyers will  have to pass on their mortgage application starting January 1st 2018.  Banks will qualify the buyers based on whether they could still afford their monthly payments if interest rates were 2 per cent higher. This could allow fewer buyers to qualify for loans. This plus hike in the interest rate (Bank of Canada already hiked the interest rate by 0,25%) could bring prices of homes in Stoney Creek lower as sellers find fewer buyers be able to pay premium prices for their properties.

To qualify, buyers might have to lower their prices range by 15%-20% and consider different, cheaper neighbourhood. 

3.We predict that house prices in Stoney Creek and Hamilton might slightly decline in 2018 however, it will not be a significant drop.

TOP PRODUCING REALTORS WALDI AND MARGARET NIBURSKI HAMILTON ONTARIO 

AS TOP PRODUCING REALTORS WALDI & MARGARET NIBURSKI HAVE CREATIVE APPROACH TO REAL ESTATE.  REACH OUT TO US IF YOU ARE THINKING OF A MOVE. WE WILL BE HAPPY TO PROVIDE YOU THOUGHTFUL REAL ESTATE ADVICE. IF HIRED TO REPRESENT YOU, WE WILL EXCEED YOUR EXPECTATION! CLICK HERE...TO CONTACT US.

 

 

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