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