How’s the Market to November 30, 2011

Market Overview of Single Family Homes to Nov. 30, 2011

The number of listings for single family homes is down by -2% in the Niagara Region.

Regionally, sales are down by -4.3% YTD compared 2010. November sales were up 373 vs. 341 for the month of Oct.

To Nov. 30-11

Average Sale Price

%'age

Area

2011

2010

Change

12-Month Average

NOL

$459,848

$440,483

4.4%

Niag. Falls

$213,994

$213,621

0.2%

Fort Erie

$193,291

$187,719

3.0%

St. Catharines

$217,931

$215,675

1.0%

Thorold

$213,678

$198,001

7.9%

Pelham/Fonthill

$334,942

$324,095

3.3%

Welland

$177,354

$177,131

0.1%

Port/Wainfleet

$197,707

$181,069

9.2%

Linc/West Linc

$309,362

$287,504

7.6%

 
The 12-mth average sale price, overall, is up by 2.98%; All areas are in positive numbers, with a high in Port Colborne of 7.6%.

Regionally, the sale-to-listing ratio (no. of homes sold vs. the number of new listings) stands at about 47.7% YTD compared to 49.1% for 2010. Percentages vary with each area.

Note: The 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 an increase or a decline over the previous year.  
                      
(Source: MLS® Statistics Report, NAR)

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