Market Conditions to October 31, 2011

The number of listings for single family homes is down by -2.5% in the Niagara Region.

Regionally sales are down by -4.8% YTD compared 2010.
Oct. sales were 341 compared to 424 for the month of Sept.

To Oct. 31-11

Average Sale Price

%'age

Area

2011

2010

Change

12-Month

NOL

$450,107

$435,527

3.3%

Niag. Falls

$215,130

$213,239

0.9%

Fort Erie

$192,689

$192,131

0.3%

St. Catharines

$217,768

$217,068

0.3%

Thorold

$213,318

$196,601

8.5%

Pelham/Fonthill

$331,458

$327,339

1.3%

Welland

$176,482

$177,525

-0.6%

Port/Wainfleet

$198,176

$182,249

8.7%

Linc/West Linc

$306,275

$290,612

5.4%


The 12-mth average sale price, overall, is again up by 2.01%; Port Colborne/Wainfleet is up 8.5% and Welland down slightly by -0.6%.

Regionally, the sale-to-listing ratio (no. of homes sold vs. the number of new listings) stands at about 46.4% YTD compared to 48.3% 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)

Eugene Pilato

Eugene Pilato

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