January 5th, 2017 Niagara- The Niagara Association of REALTORS reported 476 property sales processed through the Multiple Listing Service (MLS) system in DECEMBER. This represents a 19.6% increase in sales over DECEMBER of last year.
The residential average sale price of $319,223 was 13.9 per cent higher than last DECEMBER. The average days on market DECREASED from 61 to 39 days on market in the residential freehold market, and from 77 to 72 in the condominium market. These figures are taken from the following areas; Fort Erie, Fonthill/Pelham, Lincoln, Niagara Falls, Niagara-on-the-Lake, Port Colbourne/Wainfleet, St. Catharines, Thorold and Welland. Please contact us if you would like more specifics from these regions.
Market Activity for Niagara-on-the-Lake
Niagara-on-the-Lake homes listed and sold
# of sales in DECEMBER 2015 - 20
# of sales in DECEMBER 2016 - 21
Average sale price 2015 - $546,200
Average sale price 2016 - $523,143
Average days on market 2015 - 115
Average days on market 2016 - 35
*Please contact Trish & Cheryl Niagara-on-the-Lake Realty
Sales Representatives, for more information for current
homes for sale in Niagara-on-the-Lake!