How's The Market: to Feb 28, 2011

Market Overview for Single Family Homes To February 28, 2011

The number of listings is down in 6 out of 9 cities in Niagara. Listings are up in Niagara Falls, Pelham/Fonthill and Niagara-on-the Lake.

The 12-mth average sale price, overall, is up by 4%. Though all cities show positive number, Welland is up by only +.16%, Fort Erie by + 1.28% and Niagara Falls by  +1.73%

Area

12-Month
  Average Sale Price

%'age

Change

To Feb. 28, 2011

2011

2010

 

12-Month

12-Month

12-Month

NOL

$457,993

$390,042

17.42%

Niag. Falls

$211,228

$207,643

1.73%

Fort Erie

$188,020

$185,641

1.28%

St. Catharines

$215,851

$208,008

3.77%

Thorold

$200,668

$192,614

4.18%

Pelham/Fonthill

$323,068

$312,615

3.34%

Welland

$176,758

$176,480

0.16%

Port/Wainfleet

$187,643

$179,503

4.53%

Linc/West Linc

$289,427

$273,139

5.96%

Regionally, the number of sales is down by -11.21% YTD.

Please note: 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 a decline over the previous year.     

 (Source: MLS® Statistics Report, NAR)

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