October 2017 Regional Residential Statistics

October 2017 Regional Residential Statistics

Check out this October’s Regional Residential Statistics, RLP Market Update, and Monthly Trend By Market. Regional sales are down 12.8%, but average sales prices across the region have increased 22.8%. With 2.2 months of supply, we are heading back into a balanced market.

     St Catharines’ average sale price rose to 23.9% year-to-date, and total unit sales fell 7.8%
     Niagara-on-the-lake saw a -18% decrease in unit sales, but a 30.9% increase in average sale price.
     Niagara Falls unit sales decreased 22.7%, but overall sales price increased 15.9%
     Thorold has a -6.9% decrease in unit sales, and a 27.1% increase in average sale price.
     Fort Erie, Pelham, and Port Colborne each saw year-to-date decrease in their total unit sales, but 22%+ increase in average sale price.
     Welland’s unit sales decreased 6% over last year, and their average sale price went up 24.6%
     Lincoln’s unit sales increased 4.2% year-to-date, and average sale price rose 19.4%.
     West Lincoln saw a slight decrease over last year, at -7.2% unit sales over last year, though the average sale price soar 27.5% year-to-date.
     Grimsby saw a decrease of 17.1 in their total unit sales, but an increase of 27.2% in average sale price year-to-date.
     Dunnville’s average sale price increased 28.1% over last year, and slightly increased 0.5% in unit sales

September 2017 Regional Residential Statistics

September 2017 Regional Residential Statistics

Check out this September’s Regional Residential Statistics, RLP Market Update, and Regional Update Residential Stats. Regional sales are down 16%, but average sales prices across the region have increased 24%. With 2.6 months of supply, we are heading back into a balanced market.

     St Catharines’ average sale price soared to 33.5% year-to-date, and total unit sales only fell 5.7%
     Niagara-on-the-lake saw a -16.7% decrease in unit sales, but a 33% increase in average sale price.
     Niagara Falls unit sales decreased 23.3%, but overall sales price increased 17.1%
     Thorold has a 2.6% increase in unit sales, and a 33.5% increase in average sale price.
     Fort Erie, Pelham, and Port Colborne each saw year-to-date decrease in their total unit sales, but 24%+ increase in average sale price.
     Welland’s unit sales decreased 6.2% over last year, and their average sale price went up 24.5%
     Lincoln and West Lincoln were very close, with unit sales at 1.7% and -0.7% respectively. The average sale price increased 20% in Lincoln, and 28.6% in West Lincoln.
     Grimsby saw a decrease of 17.1 in their total unit sales, but an increase of 27.2% in average sale price year-to-date.
     Dunnville’s average sale price increased 24.3% over last year, and dropped 11.9% in unit sales.

Royal LePage Regional Update – June 2017

The real estate market in the Niagara & Haldimand regions continues to be very strong.  1312 residential listings went on the market in June compared to 1419 in May.  Unit Sales decreased slightly by 2.5% year to date compared to last year but overall a busy month.  Prices remain balanced month over month and up year to date an incredible 28.9%.  Average Days on Market is 25 and months of supply moved from 1.4 to 1.8  (how many months it would take to sell all active listings at end of June).  All indicators represent a gradual move from the Strong Sellers market we experienced in the first quarter to a more Balanced / Sellers market.

The region is still very attractive and affordable with detached homes @ $425,596, Attached homes @ $341,122, for an overall average sale price year to date @ $408,239.

Make Your Move and contact your Royal LePage Niagara REALTOR® today.

Regional Real Estate Statistics June 2017

Regional Market Update June 2017

Regional Market Infographic June 2017

 

*Based on residential sales 2017 in Niagara/Dunnville as reported from ORTIS MLS®

The post Royal LePage Regional Update – June 2017 appeared first on Royal LePage Niagara Realty.


Source: Blog

Royal LePage Regional Update – May 2017

1419 residential properties were listed in May 2017 representing an increase of 30% over April.  Unit Sales are not slowing down as we head into summer months, up 15.6% over last month and closely inline with 2016 year to date figures.  The average sale price is currently $408,449 or an increase of 30% over the same period last year.  1131 listings remained active at the end of May which represents 1.4 months of inventory based on current demand.  We are still very much in a Sellers’ Market however the increase in inventory and average sale prices holding firm month to month indicate a gradual stabilization in local markets.

 

Regional Real Estate Statistics May 2017

Regional Market Update May 2017

Regional Market Infographic May 2017

 

*Based on residential sales 2017 in Niagara/Dunnville as reported from ORTIS MLS®

The post Royal LePage Regional Update – May 2017 appeared first on Royal LePage Niagara Realty.


Source: Blog