The sales reported for the month of September exceeded last years residential sales by 13%.
Year to date the residential market is up 6% year over year with some markets reporting higher increases.
Grimsby & Stoney Creek areas are seeing year over year increases of 28% & 33% respectively.
The average sale price for a single family residential property (YTD) is now sitting at $252,562, a marginal increase of 5.8% over last years price of $236,631.
In the Niagara Region over 47% of the sales for the month of September were in the $200,000 to $400,000 price range. These homes were on the market for an average of 50 days. Homes above $400,000 up to $750,000 tended to be on the market longer and had an “ average days on Market” of 85 days.