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.
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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|
|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%|
|Fonthill / Pelham||$376,943||7.7%||7%||72||8.7 months||51%|
|Stoney Creek||$358,033||9.5%||19%||40||2.4 months||71%|
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