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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
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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