Average Price Increases 35.3% Over Five Years

Single family homes in Niagara have enjoyed year after year increases in the average price. Since 2003, the average price has increased by an impressive 35.3%.

The chart below shows the regional average price for each year since 2003.

5-Yr Increase in Average Price for Single Family Homes in Niagara Region


Avg. Price

% Increase






















Total Increase








The chart also indicates that these annual increases have declined steadily, from a 10.8% increase in 2004 to a 1.08% increase in 2008. What's more, in 2008, 48% of the number of listings sold overall. Yet in 2007, 58% of the number of listings sold. 

In spite of the overall increase in average price, many sellers are attached to out-of-sync list prices that do not attract buyers. Too often, sellers who continue to overprice their property seem to treat selling as a lottery-hoping to win when some unsuspecting buyer from the big city comes along.

The Result: Seller Resistance Creates Disconnect with Buyers
Seller resistance to price a home to reflect market conditions creates disconnect with buyers. This causes little or no interest, fewer showings, a lower price down the road or a home unsold.

Yet sellers who list within market range experience a successful sale more quickly and at a market price. For a ‘meeting of the minds' between buyer and seller, sellers need to be more proactive to make a winning connection.

Today, good agents play an important role in aiding buyers and sellers make well informed decisions.

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Eugene Pilato

Eugene Pilato

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