New property listed in Stoney Creek

I have listed a new property at 20 Pisa Drive|Unit #9 in Stoney Creek. See details here

You are sure to fall in love from the moment you step foot on the welcoming wrap-around front porch of this end-unit townhome nestled in a small enclave just a short walk to the lake. The main floor with an open-concept design offers all of the features you have been waiting for including 9' ceilings, hardwood flooring, California shutters and crown molding. The main living area offers ample space to create the ideal furniture layout to suit your family and lifestyle. This stylish kitchen boasts stainless steel appliances and ample cupboard and counter space, which is open to the dining area for seamless entertaining and creates a perfect balance of form and function for everyday living. Head upstairs the curved staircase to the second floor, where you will find double doors that lead to a spacious primary suite with large window, a 3-piece ensuite bath and a spacious walk-in closet. Two additional bedrooms share a four-piece bathroom, ensuring both privacy and functionality. From the main floor walk out to one of the best parts of this home with a deck perfect for el fresco dining, a relaxing hot tub overlooking a large rarely offered pie shaped yard, which is fully fenced with no rear neighbour’s. With easy highway access you are just minutes away from all of the places you love. What are you waiting for? Book your private showing today! (id:2493)


Burlington Real Estate: Unpacking the Latest Trends

Burlington Real Estate: Unpacking the Latest Trends

The monthly stats are in, and if you're a homeowner or potential seller in Burlington, Ontario, you'll want to pay attention. The local real estate scene is buzzing with intriguing developments that could impact your property journey.

Sales to New Listings Ratio: Holding Steady Below 35%

One of the key metrics to watch in the Burlington real estate market is the sales to new listings ratio. For the second consecutive month, it has remained below the 35% mark. But what does this mean?

This ratio indicates that the number of new property listings is outpacing actual sales, and this trend is not unique to Burlington. We're seeing a surge in new listings, but sales aren't quite keeping pace. If you're considering putting your home on the market, understanding this dynamic is crucial.

Inventory Levels: A Shifting Landscape

Intriguingly, we're witnessing adjustments in inventory levels, particularly in the higher price ranges. This shift can be attributed to a stronger pullback in sales in those segments of the market. What this means for you as a seller is that understanding the specific market segment your property falls into is crucial for setting the right price and marketing strategy.

Months of Supply: An Indicator to Watch

October has brought some notable changes to Burlington's real estate landscape. The "months of supply" metric has stretched to nearly four months, marking the second consecutive month with levels exceeding three months. This statistic is important because it reflects the balance between supply (listings) and demand (buyers) in the market.

The Impact on Home Prices

While Burlington's real estate market is generally considered tighter compared to neighboring areas, the recent influx of supply has put some pressure on home prices. In October, the unadjusted benchmark price landed at $1,028,300, a figure nearly two percent lower than September. However, when we compare these numbers to last October, there's a silver lining – prices are still two percent higher.

Burlington's Resilience in Price Declines

When it comes to price declines, Burlington has fared better than other regions in the area. Despite the fluctuations in the market, Burlington's real estate values have held relatively strong, making it an attractive option for potential sellers.

In conclusion, the Burlington real estate market is an intriguing landscape with its own set of dynamics and trends. If you're thinking of selling your property, understanding these market indicators and enlisting the help of a local real estate expert can make a significant difference in your success. Stay tuned for more updates on Burlington's evolving real estate scene.

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