PLEASE SCROLL TO THE BOTTOM OF THE PAGE FOR NEWEST MARKET UPDATE AND HOUSE PRICES FOR STONEY CREEK MOUNTAIN FROM APRIL 2017
Hamilton and Burlington and area real estate market is entering 2015 as strong sellers market. Predictions for the boom town are also very optimistic. Major bank economists thinks that for 2015 and 2016 house prices will continue to grow. So if You thinking of investing into real estate or just relocating to Hamilton now is the good time! Maybe You want to move up from a townhouse to a single detached home. Housing is forecast to stay hot in Hamilton and Areas.
The area of Stoney Creek accounts for 12 per cent of the greater Hamilton's population. Most of the residents commute to work to city centre or to GTA .Stoney Creek Mountain is a very vibrant area of Hamilton. The area's access to the major highways including the Red Hill Valley Parkway and Lincoln Alexander Parkway. There are many styles of homes represented in this area from condos apartments, to townhomes freeholds and condominiums, semis to single detached luxury homes. Whether you are looking at purchasing your first home, moving up to something a little larger, downsizing or finding investment property the Stoney Creek Mountain is the place to be.
STONEY CREEK MOUNTAIN REAL ESTATE
Market activity in December 2014 vs. December 2013. Number of sales, average sale prices and days on the market (DOM)
# sale Dec 2013
# sale Dec 2014
Avg Price Dec 2013
Avg Price Dec 2014
Stoney Creek Mount
As illustrated above the average sale house price on Stoney Creek Mountain as of December 2014 is $384,396. It is a 15 per cent increase from the same time a year before.
The sellers market on Stoney Creek Mountain is predicted to continue in 2015 and 2016. The average sale price for residential houses is expected to to increase again.
Annual Chart from 2005-2015 for Stoney Creek revealed that in 2005 the avearge property price in Stoney Creek was $234,731 and at the end of 2014 this price was $357,192!
Within 10 years the average property price in Stoney Creek rose 34 per cent!