The following figures are for the Region of Niagara,provided by the MLS operated by the Niagara Association of REALTORS. I appologize for the poor quality image I would be pleased to email a copy to you. Gary@GaryZalepa.com
20082007
ListingsSalesSales/Listings RatioAverage Sale PriceListingsSalesSales/Listings RatioAverage Sale Price
AreaMonthYTDMonthYTDMonthYTDMonth12 ...
Posted by Gary Zalepa Jr.
on January 17, 2009
http://www.niagarathisweek.com/news/communities/Niagara-on-the-Lake/article/228823
The link above will take you to media coverage of a previous blog. The focus is on the Housing Market Outlook for NOTL.
Posted by Gary Zalepa Jr.
on January 13, 2009
I know most people are worn out over talk of the ecomomy. Especially negative information. Well here is a fair, fact based article from The Golbe's Report on Business...
http://www.theglobeandmail.com/servlet/story/LAC.20090110.RJOBSCYCLE10/TPStory/Business
In summary Canadians should Cheer up. By comparison to the US where I was last week in NYC at a real estate conference. I heard of markets where ...
Posted by Gary Zalepa Jr.
on January 12, 2009
According to RBC we are experiecing a "Housing Downturn- Canadian Style"
Let me explain...
For the past two years we in Canada watched as the US and UK experienced a housing collapse fueled by overpriced housing and extensive speculation leading upto the correction. When was it coming here? Well it is here and as the RBC Economic Report -Housing Trends and Affordability indicates Canada is in ...
Posted by Gary Zalepa Jr.
on December 11, 2008
Canada's longest housing boom of the post-war period has come to an end, according to the latest Real Estate Trends report released November 20 by Scotia Economics. The reversal of fortune has been most pronounced in the previously hottest markets of Western Canada, including Calgary, Edmonton and Vancouver. "In Ontario including Niagara-on-the-lake we are witnessing a cooling off but not to the same ...
Posted by Gary Zalepa Jr.
on November 20, 2008
The key message is that "all Real Estate is local".
Three quarters of 2008 is behind us. Our local Real Estate market is performing solidly with healthy unit sales and prices trending upwards 7% from this time last year. Last Sept, year to date the average sale price in town was $374,000 and for September 2008 that figure is $403,000.
NOTL MLS sales in September were very strong. Unit ...
Posted by Gary Zalepa Jr.
on October 6, 2008
Finance Minister Jim Flaherty has recently announced an downward adjustment in the anticipated growth of Canada's economy from 1.7% to 1.1%. This forecast will be used to prepare the federal budget for February 2009.
The government has been monitoring events in the US. Weaker US consumer demand, continuing finacial/banking sector weaknesses and other global economic factors are ...
Posted by Gary Zalepa Jr.
on August 28, 2008
This week's Niagara Crier featured an article with local Real Estate Broker Gary Zalepa Jr. Owner/Broker with CENTURY 21 City Realty Inc. located in Historic Old Town Niagara on the Lake. www.CENTURY21Niagara.com
As published in the NIagara Crier, July 25, 2008...
DECREASE SEEN IN AVAILBLE HOMES...
The number of homes available in Niagara-on-the-Lake has decreased by six per cent this year says ...
Posted by Gary Zalepa Jr.
on July 26, 2008
2008
2007
Listings
Sales
Sales/Listings Ratio
Average Sale Price
Listings
Sales
Sales/Listings Ratio
Average Sale Price
Area
Month
YTD
Month
YTD
Month
YTD
Month
12 Month
Month
YTD
Month
YTD
Month
YTD
Month
12 Month
01
53
323
20
120
38%
37%
$343,525
$403,382
58
346
31
148
53%
43%
$378,949
$384,953
Here are the MLS figures for Niagara ...
Posted by Gary Zalepa Jr.
on July 17, 2008
Here are the numbers. Do not beleive what you read in the papers or see on TV. NOTL's residential resale market is keeping pace with 2007. What does that mean for homesellers and buyer? Well for seller's it means you must have a fair expectation of your selling price and make sure it is well researched and feasable in todays market. For buyers, the message is remain patient and keep looking for the ...
Posted by Gary Zalepa Jr.
on May 26, 2008