2010 Market Review

2010 Market Review

Market Overview for Single Family Homes in Niagara to the end of 2010

Overall, the number of listings was up in all cities by 2.9%. Pelham/Fonthill listings are down by -4.7%.

Average sale price, overall, is up by 4.75%. All cities are in positive numbers for average price. See below.

 

Average Sale Price

%'age

To Dec. 31, 2010

2010

2009

Change

Area

12-Month

12-Month

12-Month

NOL

$456,826

$385,795

18.41%

Niag. Falls

$212,307

$205,410

3.36%

Fort Erie

$187,567

$183,655

2.13%

St. Catharines

$215,261

$206,390

4.30%

Thorold

$201,312

$191,112

5.34%

Pelham/Fonthill

$324,843

$306,854

5.86%

Welland

$176,994

$175,414

0.90%

Port/Wainfleet

$183,832

$181,971

1.02%

Linc/West Linc

$286,169

$274,520

4.24%

Overall, the number of sales was up by about 3.29%. Sales were down in Fort Erie (-.2%), Niagara-on-the-Lake (-4.2%), Port/Wainfleet (-2.6%).

Please note: Average sale price does not reflect the value of a home. This would require a market analysis of homes sold that compare to yours. As well, in certain areas of a city the average price may indicate a decline over the previous year.     

 (Source: MLS® Statistics Report, NAR)

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Eugene Pilato

Eugene Pilato

Broker of Record
CENTURY 21 Today Realty Ltd., Brokerage*
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