November 2014 Statistics
Royal LePage Niagara Real Estate Centre, Brokerage Residential Real Estate Market Statistics for October 2014. Niagara Association of Realtors® / Realtors® Association of Hamilton & Burlington. Helping You Is What We Do.
Contact Your Royal LePage Niagara Realtor® for detailed statistics.
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Christmas Came early for the Niagara Real Estate Market!
The November sales volume in the region for residential properties exceeded last years unit sales by more than 20%.
St Catharines saw a 60% increase in the monthly sales this November over the sales reported for the same period last year.
Year to date the market is up 8% in unit sales and the average sale price rose 5.3%
Overall, the real estate market in the Niagara Region is balanced, however, Grimsby, Stoney Creek & Smithville are experiencing a stronger sellers market due to a lack of inventory.
District | Average Sale Price | % Over 2013 | Unit Sales % | Days On Market | Days of Inventory | Listings To Sales Ratio |
St.Catharines | $236,524 | 4.6% | 7% | 42 | 2.8 months | 63% |
Thorold | $225,037 | 2.0% | 17% | 60 | 4.8 months | 59% |
Niagara Falls | $240,644 | 6.0% | 4% | 61 | 4.8 months | 62% |
Niagara On The Lake | $482,372 | 2.8% | 6% | 89 | 7.1 months | 44% |
Fort Erie | $217,625 | 6.3% | 5% | 90 | 8.6 months | 53% |
Port Colborne | $215,073 | 5.3% | 15% | 3.9 months | 61% | |
Welland | $197,412 | 5.4% | 12% | 59 | 4.1 months | 66% |
Fonthill / Pelham | $376,943 | 7.7% | 7% | 72 | 8.7 months | 51% |
Lincoln | $350,853 | 10.7% | 7% | 45 | 4.5 months | 75% |
Grimsby | $369,008 | 4.4% | 6% | 45 | 3.5 months | 73% |
Stoney Creek | $358,033 | 9.5% | 19% | 40 | 2.4 months | 71% |
Smithville | $299,142 | 11.7% | 26% | 16 | 5.5 months | 93% |
Dunnville | $232,784 | 5.6% | -1% | 97 | 7.6 months | 63% |
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