Market Update on Single Family Homes

The 12-Month Average Sale Price to March 31, 2013
compared to March 31, 2012

12-Month Average Sale Price for Detached Single Family Homes in Niagara Region

%'age

Change

To March 31
Year over Year

2013

2012

Fort Erie

$202,954

$199,504

1.7%

Fonthill/Pelham

$350,021

$338,353

3.4%

Niagara Falls

$227,491

$215,836

5.4%

Niagara-On-the-Lake

$461,504

$474,166

-2.7%

Port Colborne/ Wainfleet

$207,826

$197,036

5.5%

St. Catharines

$231,902

$223,225

3.9%

Thorold

$214,902

$218,637

-1.7%

Welland

$190,560

$188,593

1.0%

West Lincoln

$350,244

$327,008

7.1%

Lincoln

$353,228

$334,939

5.5%

Source: Niag. Assoc. of REALTORS®, Fusion Stats Pro

Two Niagara districts saw decreases in the average price: Niagara-on-the-Lake at -2.7% and Thorold at -1.7%. All others saw gains. The overall average increase to March is +2.9%.

No. of Sales. The number of sales increased in Fonthill/Pelham and Niagara-on-the-Lake; stayed the same in West Lincoln and decreased in all other districts. For more details, please ask us.

Note: The average sale price does not reflect the value of a given home. This requires a market analysis and comparison of homes sold that are similar to yours. If you would like a current market evaluation, please contact us.

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