Update on 12-Month Average Prices in Niagara

The following chart shows the year-over-year average sale prices in Niagara to June 30th,, 2014 versus the same period in 2013.

Year-Over-Year 12-Month Average Price to June 30, 2014

City

Avg. Price to June 30-14

Avg. Price to June 30-13

%'age Change

Fort Erie

$209,968

$198,389

5.8%

Fonthill/Pelham

$358,910

$348,253

3.1%

Lincoln

$312,009

$308,356

1.2%

Niagara Falls

$235,082

$222,741

5.5%

Niagara-on-the-Lake

$463,457

$435,069

6.5%

Port Colborne/Wainfleet

$200,919

$206,743

-2.8%

St. Catharines

$241,172

$227,232

6.1%

Thorold

$221,080

$212,585

4.0%

Welland

$188,741

$192,096

-1.7%

West Lincoln

$368,542

$352,332

4.6%

Total

$279,988

$270,380

3.6%

Source: Niagara Association of REALTORS® FUSION Software--
though deemed reliable cannot be guaranteed.

Market conditions in real estate are truly local in nature. This can be seen by the variety of average prices and the percentage difference for each municipality. The overall increase of about 3.6% is somewhat more than the 2.9% increase for Canada, excluding the major markets of Toronto, Vancouver and Calgary and as reported by The Canadian Association of Mortgage Professionals..

Note: The average sale prices do not reflect the value of a particular home. This requires an analysis and comparison of similar homes sold. In certain areas of a city, market conditions and the average and prices may differ from the overall average indicated in the chart above.

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