March 7th, 2016 Niagara- The Niagara Association of REALTORS reported 605 property sales processed through the Multiple Listing Service (MLS) system in FEBRUARY. This represents a 12.6% increase in sales over FEBRUARY of last year.
The residential average sale price of $289,841 was 12.6 per cent higher than last FEBRUARY. The average days on market DECREASED from 65 to 54 days on market in the residential freehold market, and from 103 to 86 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 FEBRUARY 2015 - 22
# of sales in FEBRUARY 2016 - 35
Average sale price 2015 - $498,522
Average sale price 2016 - $599,153
Average days on market 2015 - 177
Average days on market 2016 - 75
***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!