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

Office 905-262-6996 | EMAIL info@homesnotl.ca |

STATISTICS FOR FEBRUARY 2018

March 9th, 2018 Niagara- The Niagara Association of REALTORS reported 463 property sales processed through the Multiple Listing Service (MLS) system in FEBRUARY.  This represents a 33.19% decrease in sales over FEBRUARY of last year.

 

 

The residential average sale price of $392,875 was 6.72% per cent higher than last FEBRUARY. The average days on market INCREASED from 35 to 41 days on market in the residential freehold market, and DECREASED from 54 to 43 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 2017 - 28

 

# of sales in FEBRUARY 2018 - 17

 

Average sale price 2017 - $596,537

 

Average sale price 2018 - $745,617

 

Average days on market 2017 - 59

 

Average days on market 2018 - 60

 

 

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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.