Niagara Association of REALTORS® June Market Report

 Niagara Association of REALTORS® June Market Report  

July 8, 2015, Niagara - The Niagara Association of REALTORS® (NAR) reported 895 property sales processed through the NAR Multiple Listing Service (MLS®) system in June. This represents a 28.2% increase in sales over June of last year.   

  

The residential average sale price of $275,920 was 7.7% higher than last June. The average days on market decreased from 51 to 48 in the residential freehold market, and increased from 78 to 81 in the condominium market

 

MARKET ACTIVITY in Selected Niagara Areas  

June Residential Overview  

  

Number of New  

Listings  

Number of Sales  

  

Average Sale  Price  

Average Days on Market  

  

Areas  

June 2014  

June 2015  

June 2014  

June 2015  

June 2014  

June 2015  

June 2014  

June 2015  

Fort Erie  

123  

114  

72  

83  

$230,056  

$227,646  

78  

70  

Fonthill/Pelham  

50  

42  

33  

29  

$376,177  

$420,637  

44  

55  

Lincoln  

53  

56  

35  

52  

$371,090  

$407,240  

58  

40  

Niagara Falls  

237  

225  

126  

170  

$235,615  

$272,610  

61  

48  

Niagara-on-the-Lake  

79  

74  

36  

53  

$455,450  

$453,168  

75  

86  

Port Colborne/Wainfleet  

55  

69  

33  

47  

$268,500  

$215,113  

52  

52  

St. Catharines  

320  

327  

209  

268  

$232,226  

$257,214  

33  

33  

Thorold  

44  

51  

31  

36  

$199,375  

$221,308  

52  

63  

Welland  

112  

92  

75  

92  

$199,146  

$210,561  

48  

42  

Niagara Total:  

1,073  

1,050  

650  

830  

$256,249  

$275,920 51  

48  

Note: Numbers of sales represents sales reported on properties listed on the Multiple Listing Service (MLS®) of the  Niagara Association of REALTORS® (NAR). 

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Kevin Noonan

Kevin Noonan

Sales Representative
CENTURY 21 Today Realty Ltd., Brokerage*
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