Market Overview for Detached Single Family Homes to July 31, 2012

 

In the Niagara Region, the number of sales year-to-date is up by about 6% over the same time last year.

Overall, the year-to-date average price, at $233,237 in 2011 and $241,344 in 2012, is up by about 6%.

The chart shows Average List to the Average Sale Price:

Year-to-Date to July 31, 2012

No. of Sales

Avg. List Price

Avg. Sale Price

Welland

384

$200,872

$194,243

Fort Erie

305

$210,287

$199,035

Fonthill/Pelham

105

$319,000

$310,000

Niagara Falls

567

$232,119

$224,241

NOTL

143

$518,043

$491,175

St. Catharines

870

$243,005

$234,988

Port Col/Wainfleet

181

$215,397

$205,109

Thorold

118

$219,611

$211,753

Lincoln

107

$342,696

$331,697

West Lincoln

18

$307,203

$298,838

On average, the Sale Price to List Price ratio is 96%.

Days on the market averages approximately 73 days regionally. The longest days on the market are NOTL at 103 days and Fort Erie at 91 days. St. Catharines is 59 days and Niagara Falls is 62 days.

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 Real Estate Association; Fusion Software)

 

Eugene Pilato

Eugene Pilato

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