November 8th, 2017 Niagara- The Niagara Association of REALTORS reported 577 property sales processed through the Multiple Listing Service (MLS) system in OCTOBER. This represents a 23.17% decrease in sales over OCTOBER of last year.
The residential average sale price of $387,001 was 9.97% per cent higher than last OCTOBER. The average days on market INCREASED from 34 to 39 days on market in the residential freehold market, and from 51 to 46 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 OCTOBER 2016 - 37
# of sales in OCTOBER 2017 - 26
Average sale price 2016 - $748,783
Average sale price 2017 - $881,417
Average days on market 2016 - 71
Average days on market 2017 - 43
***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!