How’s the Market in Niagara - Overview for Single Family Homes to October 31, 2012

How’s the Market in Niagara

Overview for Single Family Homes to October 31, 2012

Chart Shows Average Sale Prices for 2012 & 2011:

MLS Stats Year-to-Date to Oct. 31

Avg. Sale Pr. YTD

Avg. Sale Pr. YTD

%'age Change

City

2012

2011

 

Niagara on the Lake

$472,998

$457,687

3.3%

Fort Erie

$204,749

$196,884

4.0%

Port Colb/Wainfleet

$206,471

$197,448

4.6%

Pelham/Fonthill

$332,391

$339,523

-2.1%

Niagara Falls

$227,129

$219,087

3.7%

St. Catharines

$234,097

$224,037

4.5%

Thorold

$211,632

$219,508

-3.6%

Welland

$192,413

$180,139

6.8%

Lincoln

$351,053

$332,427

5.6%

The Overall Sale Price to List Price ratio for Niagara is 96%. That is, homes are selling within 96% of list price on average.

Overall Average days on the market are as follows: St. Catharines 48 days, Lincoln 63, Thorold 54, Niagara Falls 63, Welland 68, Port Colborne/Wainfleet 71, Pelham/Fonthill 91, Fort Erie 91 and Niagara-on-the-Lake 108 days.

Number of Sales Year-to-Date to Oct. 31, 2012 are as follows:

St. Catharines 1,154, Lincoln 67, Thorold 156, Niagara Falls 788, Welland 529, Port Colborne/Wainfleet 525, Pelham/Fonthill 150, Fort Erie 428 and Niagara-on-the-Lake 220.

Note: The average sale price does not reflect the value of a home. This requires a market analysis and comparison of homes sold that are similar to yours. In certain areas of a city the average price may indicate an increase or a decline over the previous year.

Source: Niagara Association of REALTORS® FUSION Software

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Barbara Scarlett

Barbara Scarlett

Sales Representative
CENTURY 21 Today Realty Ltd., Brokerage*
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