ROYAL LEPAGE NRC REALTY CARRIAGE TRADE UPDATE

 

The Luxury Carriage Trade Real Estate Market In 2018
Carriage Trade Luxury transactions ($750,000+) dropped 22% year over year across the 14 area real estate markets.  The Non-Resident speculation tax, tougher mortgage/financing regulations, and overall slowdown in most markets have had a direct impact.  An increase in inventory has also provided luxury home buyers with more options in 2018. As we enter 2019 we expect this trend to continue in a balanced to buyers market.
Carriage Trade Luxury Statistics ($750,000+ Residential)
2018 SOLD % OF TOTAL SALES ACTIVE MARKET STATUS
NOTL 95 (-36%) 241 (40%) 112 27% OF LISTINGS SOLD, 13 MONTHS OF INVENTORY – BUYERS MARKET
ST.CATHARINES / THOROLD 51 (-3%) 2232 (2%) 61 26% OF LISTINGS SOLD, 13 MONTHS OF INVENTORY – BUYERS MARKET
NIAGARA FALLS 34 (-5%) 1270 (3%) 61 17% OF LISTINGS SOLD, 20 MONTHS OF INVENTORY – BUYERS MARKET
FORT ERIE 24 (-4%) 630 (4%) 24 27% OF LISTINGS SOLD, 11 MONTHS OF INVENTORY – BUYERS MARKET
PELHAM 34 (0%) 195 (17%) 40 27% OF LISTINGS SOLD, 13 MONTHS OF INVENTORY – BUYERS MARKET
WELLAND 11 (+6%) 804 (1%) 10 26% OF LISTINGS SOLD, 10 MONTHS OF INVENTORY – BUYERS MARKET
PORT COLBORNE / WAINFLEET 16 (+5%) 367 (4%) 16 36% OF LISTINGS SOLD, 11 MONTHS OF INVENTORY – BUYERS MARKET
LINCOLN 28 (-18%) 348 (8%) 20 37% OF LISTINGS SOLD, 8 MONTHS OF INVENTORY – BALANCED MARKET
WEST LINCOLN 11 (-58%) 156 (7%) 14 28% OF LISTINGS SOLD, 14 MONTHS OF INVENTORY – BUYERS MARKET
GRIMSBY 63 (+4%) 484 (13%) 37 45% OF LISTINGS SOLD, 6 MONTHS OF INVENTORY – BALANCED MARKET
HAMILTON 144 (-7%) 4152 (3%) 78 32% OF LISTINGS SOLD, 6 MONTHS OF INVENTORY – BALANCED MARKET
ANCASTER 204 (-30%) 536 (38%) 127 34% OF LISTINGS SOLD, 7 MONTHS OF INVENTORY – BALANCED MARKET
STONEY CREEK 81 (-38%) 1023 (8%) 66 27% OF LISTINGS SOLD, 9 MONTHS OF INVENTORY – BUYERS MARKET
DUNNVILLE 4 (-43%) 191 (2%) 8 18% OF LISTINGS SOLD, 22 MONTHS OF INVENTORY – BUYERS MARKET
Buyer Demographics
                    

                                

                   

The Carriage Trade Luxury Program
YOUR LUXURY CARRIAGE TRADE LEADER IN NIAGARA OFFERS THE FOLLOWING SUITE OF SERVICES TO OUR CLIENTS:

COMPREHENSIVE CARRIAGE TRADE LUXURY MARKET ANALYSIS AND REPORTS TO HELP YOU MAKE INFORMED DECISIONS

FULL MEMBER OF NIAGARA, HAMILTON/BURLINGTON, ORTIS MLS®, AND TORONTO REAL ESTATE BOARDS AND SERVICES

CARRIAGE TRADE SINGLE PROPERTY WEB SITES

CARRIAGE TRADE LUXURY BROCHURES

DISTINCTIVE CARRIAGE TRADE SIGNAGE

DIRECT MESSAGE TO OUR CARRIAGE TRADE LUXURY TEAMS

DIGITAL & SOCIAL MEDIA CAMPAIGNS

POSITIONED ONLINE TO REALTOR.CA, ROYALLEPAGE.CA (#2 REAL ESTATE PORTAL IN CANADA BY COMSCORE), CARRIAGETRADEPROPERTIES.CA, NRCREALTY.CA, HOMEFINDER.CA

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Contact your Royal LePage NRC REALTOR® for Additional Resources, Information, and Investment insight in Niagara, Haldimand, Hamilton areas.

                                                     

 

 

 

 

 

 

 

 

Royal LePage NRC Realty | NRCRealty.ca | 905-688-4561

Statistics based on 2018 Residential Sales (750,000+) provided by ORTIS MLS®

 

This article was first published on https://nrcrealty.ca.