Update On Niagara Home Sales to October 2013

The chart below compares Year-to-Date average Sale Prices for Single Family Homes to previous year’s YTD.

Average Sale Price for Single Family

Year-to-Date, January 1, to October 30 2013 vs. 2012

Area

Average Price YTD

%’age Change

Jan 1, to Oct 30 2013

Jan 1, to Oct 30 2012

Fort Erie

$201,581

$202,657

-0.5%

Fonthill/Pelham

$366,697

$322,834

13.6%

Lincoln

$310,425

$304,621

1.9%

Niagara Falls

$228,528

$220,821

3.5%

Niagara-on-the-Lake

$442,574

$451,135

-1.9%

Port Colborne/Wainfleet

$200,825

$208,282

-3.6%

St. Catharines

$234,214

$229,408

2.1%

Thorold

$216,606

$206,744

4.8%

Welland

$189,848

$188,892

0.5%

West Lincoln

$380,964

$334,136

14.0%

Source: Niagara Association of REALTORS®, FUSION Software.

Year-to-Date decreases in average price are indicated in Fort Erie (-.5%), Niagara-on-the-Lake (-1.9%) and Port Colborne/Wainfleet (-3.6%). Sales are up in Fort Erie and NOL.

Increases range from as low as .5% in Welland to as high as 14% in West Lincoln.

Note: The average and median sale prices do not reflect the value of a particular home. This requires an analysis and comparison of similar homes sold. In certain areas of a city, market conditions and the average and median prices may differ from the overall average indicated in the chart above. 

Eugene Pilato

Eugene Pilato

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