December 11th, 2017 Niagara- The Niagara Association of REALTORS reported 584 property sales processed through the Multiple Listing Service (MLS) system in NOVEMBER. This represents a 16.93% decrease in sales over NOVEMBER of last year.
The residential average sale price of $385,360 was 13.92% per cent higher than last NOVEMBER. The average days on market INCREASED from 36 to 40 days on market in the residential freehold market, and DECREASED from 56 to 36 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 NOVEMBER 2016 - 41
# of sales in NOVEMBER 2017 - 26
Average sale price 2016 - $673,007
Average sale price 2017 - $816,663
Average days on market 2016 - 72
Average days on market 2017 - 61
***The most popular (trendy) streets to live on in Niagara-on-the-Lake are Bay Berry, James Drive, Lucia Court, Harmony and Gage Street.
*Please contact Trish & Cheryl Niagara-on-the-Lake Realty
Sales Representatives, for more information for current
homes for sale in Niagara-on-the-Lake!