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)
Posted by Eugene Pilato
on December 14, 2011