Trish & Cheryl Niagara Real Estate Agents Niagara on the Lake Realty

Office 905-262-6996 | EMAIL |

May Housing Statistics for Niagara-on-the-Lake


Niagara-on-the-Lake Statistics

June 12, 2015, Niagara- The Niagara Association of REALTORS reported 862 property sales processed through the Multiple Listing Service (MLS) system in MAY.  This represents a 20.1% increase in sales over MAY of last year.




The residential average sale price of $273,661 was 7.6 per cent higher than last MAY. The average days on market DECREASED from 56-53 days on market in the residential freehold market, and from 59-65 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 MAY 2014 - 34


# of sales in MAY 2015 - 49


Average sale price 2014 - $470,842


Average sale price 2015 - $485,406


Average days on market 2014 - 156


Average days on market 2015 - 108

*Therefore there was approximately a 30% increase in selling price and 44% more homes sold this MAY as compared to those that sold in 2014. And the average days on market decreased by 44%.



***The most popular (trendy) streets to live on in Niagara-on-the-Lake are Bay Berry, James Drive, Lucia Court, Harmony and Gage Street.



No comments
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.