Market Overview for Single Family Homes to August 31, 2012

Chart Shows Average List and Sale Prices for each City:

Year-to-Date to August 31, 2012

No. of Sales

Avg. List Price

Avg. Sale Price

Welland

500

$196,560

$189,984

Niagara Falls

750

$229,088

$221,590

St. Catharines

1,123

$237,109

$229,528

Thorold

185

$209,668

$202,513

Niag-on-the-Lake

196

$474,241

$450,467

Fort Erie

368

$208,238

$197,321

Port Colb/Wainfleet

228

$219,666

$208,379

Lincoln

207

$320,470

$311,530

West Lincoln

57

$347,326

$333,426

Pelham/Fonthill

125

$347,796

$334,799

The Overall Sale Price to List Price ratio for the Niagara Region is 96%.

Average days on the market are as follows: St. Catharines 51 days, Lincoln 53, Thorold 57, Niagara Falls 63, West Lincoln 69, Welland 71, Port Colborne/Wainfleet 73, Pelham/Fonthill 91, Fort Erie 93 and Niagara-on-the-Lake 101 days.

Months of inventory varies. St. Catharines is the lowest with 2 months of inventory, 4 months for Welland, Niagara Falls and Thorold, 6 months for Fort Erie and Port Colborne, 3 months for Lincoln and West Lincoln, 5 mo’s for Pelham/Fonthill and 8 mo’s for Niagara-on-the-Lake.

(Source: Niagara Real Estate Association; Fusion Software)

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.

Eugene Pilato

Eugene Pilato

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