Niagara still a real estate hub of activity

The Niagara real estate market, which includes Niagara Falls, St. Catharines, Grimsby, Fort Erie, Lincoln, Welland, Thorold and Niagara-on-the-Lake, Port Colborne and Fonthill, saw 574 homes change hands in October 2014, an increase of 2 percent over the same month in 2013.

The average sales price was $254,120, which is about the same as the average price in October 2013.

Looking at specific areas, Fort Erie and St. Catharines saw significant increases in sales, up from 35 to 53 in Fort Erie and from 158 to 174 in St. Catharines. Sales in Niagara Falls dropped during the month, down from 124 in October 2013 to 97 in 2014.

The Fonthill area also saw the largest increase in sales price, up from $386,810 in October 2013 to $449,689 in 2014. Niagara-on-the-Lake saw a significant drop in average sales price during October, down from $610,213 to $439,197.

Average days on the market dropped in Niagara Region, from 70 in 2013 to 62 this year.


Jeff Hewson

Sales Representative

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