Good News for Niagara’s 2008 Market Results

Compare Single Family Residential Activity by City

  

2008

2007

  

  

# of Sales

Avg. Sale Price

# of Sales

Avg. Sale Price

Avg. Price %'age Change

City

YTD

12 Month

YTD

12 Month

NOL

206

$415,224

261

$389,507

+6.60%

Niag. Falls

989

$198,900

1176

$196,295

+1.33%

Fort Erie

500

$181,569

499

$182,972

-0.77%

St. Cath.

1658

$207,244

1833

$200,411

+3.41%

Thorold

241

$193,237

328

$194,274

-0.53%

Pelham Fonthill

178

$295,179

227

$312,134

-5.43%

Welland

752

$168,700

851

$165,175

+2.13%

Port Col./
Wainfleet

273

$176,153

314

$181,361

-2.87%

Linc/
West Linc

244

$273,151

248

$261,650

+4.40%

  As the Chart Shows...Average prices increased in 5 market areas of Niagara. Niagara-on-the-Lake witnessed the highest increase at 6.6%.

...Average prices decreased in only 4 areas, with the sharpest decline (-5.4%) for Pelham/Fonthill and only slightly less than 1%, for Thorold and Fort Erie.

(Source: Niagara Association of Realtors) 

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