How's the Market to the End of May 2011

Market Overview for Single Family Homes

To May 31, 2011

The number of listings for single family homes is down, on average, by -6.6% across all municipalities in the Niagara Region.

As well, the number of sales is down by -15% YTD; only Fort Erie shows an increase of about 6.7% compared to 2010.

Area

Average Sale Price

%'age

 

2011

2010

Change

To May 31, 2011 YTD

12-Month

12-Month

12-Month

NOL

$454,680

$409,172

11.1%

Niag. Falls

$211,566

$213,211

-0.8%

Fort Erie

$179,391

$195,307

-8.1%

St. Catharines

$215,974

$214,047

0.9%

Thorold

$199,664

$199,738

0.0%

Pelham/Fonthill

$325,213

$318,780

2.0%

Welland

$178,451

$177,101

0.8%

Port/Wainfleet

$187,857

$183,281

2.5%

Linc/West Linc

$289,698

$282,226

2.6%


The 12-mth average sale price, overall, is up1.2%; Fort Erie’s is down: -8.1%, Niagara Falls: -.8% and Thorold is at .0%.

The Sales to List Price Ratio averaged out to 41% overall, same as the previous month.

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 vary from the city’s average.  

(Source: MLS® Statistics Report, NAR)

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