Update on Median Prices in Niagara

Overall, the 12-Month Median Sale Price is up by +4.81%

Median vs. Average Sale Price

The median sale price is the mid point, meaning that half of the homes sold below and half sold above that number. The average is the sum of the sale prices divided by the number of sales. The medium is less affected by very large or small sales in a group.

12-Month Median Sale Price 2013 vs. 2012

Area

Median
Pr 2013

Median
Pr 2012

% Change

Fort Erie

$180,000

$171,875

4.73%

Fonthill/Pelham

$340,000

$310,000

9.68%

Lincoln

$292,500

$278,250

5.12%

Niagara Falls

$205,000

$195,000

5.13%

Niagara-on-the-Lake

$402,000

$374,000

7.49%

Port Colb/Wainfleet

$164,000

$171,500

-4.37%

St. Catharines

$216,000

$211,000

2.37%

Thorold

$218,000

$204,000

6.86%

Welland

$180,000

$176,900

1.75%

West Lincoln

$347,750

$318,000

9.36%

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

Port Colborne/Wainfleet was the only market area to show a decrease in the median price at -4.37%. All other areas in Niagara showed a moderate to healthy increase in the percentage difference to the previous year, from +1.75% in Welland to +9.68% in Fonthill/Pelham.

The region also experienced an overall increase in the number of sales of +1.8%. Welland and Port Colborne/Wainfleet were the only two areas that pointed to a small drop in sales.

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