HOW'S THE MARKET???
Here is the Market Overview for Single Family Homes To July 31, 2011
- The number of listings for single family homes is down by -1.8% in the Niagara Region.
- Regionally, sales are down by -9.5% YTD compared to 2010.
- Fort Erie sales an increased by .4%
- Niagara-on-the-Lake by 5%
- The 12-mth average sale price, overall, is up by 1.7%
- Fort Erie is down by -3.4% and Pelham/Fonthill is down -0.2%
Regionally, the sale-to-listing ratio (no. of homes sold vs. the number of new listings) stands at about 44% YTD compared to 48.2% for 2010. Percentages vary with each area.
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: MLS® Statistics Report, NAR)
|
Area
|
Average Sale Price
|
%'age
|
|
|
2011
|
2010
|
Change
|
|
July 31, 2011 YTD
|
12-Month
|
12-Month
|
12-Month
|
|
NOL
|
$460,790
|
$416,955
|
10.5%
|
|
Niag. Falls
|
$216,436
|
$211,629
|
2.3%
|
|
Fort Erie
|
$185,330
|
$191,823
|
-3.4%
|
|
St. Catharines
|
$216,868
|
$216,405
|
0.2%
|
|
Thorold
|
$207,001
|
$196,360
|
5.4%
|
|
Pelham/Fonthill
|
$327,096
|
$327,856
|
-0.2%
|
|
Welland
|
$178,410
|
$178,249
|
0.1%
|
|
Port/Wainfleet
|
$198,118
|
$181,272
|
9.3%
|
|
Linc/West Linc
|
$294,145
|
$284,316
|
3.5%
|
Posted by Brenda Piech
on August 11, 2011