AGENTS NAME

Sales Representative

555-555-5555 direct 

555-555-5555 office

agentsname@royallepage.ca

Single Family Residential MLS Market Statistics Year to Date as of March 2014 – Niagara & Hamilton Boards 


1st Quarter Residential Sales off to a Slow Start

The Niagara Region reported a drop of 4% in residential sales unit activity for the first 3 months of this year compared to the first quarter of 2013. The Good news is the average sale prices have increased 6.8% overall.

The drop in sales has not affected house prices as the average selling price for the Niagara Region is $241,912 compared to the first quarter of last year when the average price was $226,577.

Home sales in the region have been soft due to the hard winter. The number of newly listed homes has been down while demand has been strong in the $250,000 to $350,000 price range.

Due to this lack of residential inventory we are seeing many instances of multiple offer situations for homes newly listed and priced to reflect the current market.

Based on a sales-to-new listings ratio of between 40 and 67%, most of the local markets were in balanced territory.

As the spring market heats up we should see more homes on the market and Sales activity will increase.

Sellers who have been on the market for over 60 days may need to re-adjust their price to reflect the current Market. The Buyers are actively looking and according to a number of the lending institutions they have quite a few buyers who have been pre-approved for a mortgage but have NOT bought.

The post Single Family Residential MLS Market Statistics Year to Date as of March 2014 – Niagara & Hamilton Boards appeared first on Niagara Real Estate Centre.

CONTACT US

Get In Touch

Contact Us
By providing your phone number, you are giving explicit consent for us to contact you by phone even if you are listed on the National DNCL

Agents Name

Sales Representative

 

Royal LePage Team Realty

Unit# 200 – 1335 Carling Ave.

Ottawa, Ontario

CanadaK1Z 8N8

Office: 613-725-1171

Toll Free: 1-800-307-1545


The trade marks displayed on this site, including CREA®, MLS®, Multiple Listing Service®, and the associated logos and design marks are owned by the Canadian Real Estate Association. REALTOR® is a trade mark of REALTOR® Canada Inc., a corporation owned by Canadian Real Estate Association and the National Association of REALTORS®. Other trade marks may be owned by real estate boards and other third parties. Nothing contained on this site gives any user the right or license to use any trade mark displayed on this site without the express permission of the owner. 

 

powered by WEBKITS