October 12th, 2017 Niagara- The Niagara Association of REALTORS reported 547 property sales processed through the Multiple Listing Service (MLS) system in SEPTEMBER. This represents a 35.95% decrease in sales over SEPTEMBER of last year.
The residential average sale price of $405,480 was 12.42% per cent higher than last SEPTEMBER. The average days on market DECREASED from 47 to 42 days on market in the residential freehold market, and from 73 to 28 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 SEPTEMBER 2016 - 41
# of sales in SEPTEMBER 2017 - 54
Average sale price 2016 - $801,457
Average sale price 2017 - $1, 257,000
Average days on market 2016 - 88
Average days on market 2017 - 52
***The most popular (trendy) streets to live on in Niagara-on-the-Lake are Bay Berry, James Drive, Lucia Court, Harmony and Gage Street.