• Jim Broderick, Sales Rep | Patrick Burke, Broker | Vicky Boucher, Sales Rep

b-LOG: The “How’s the Market These Days” Market Blog

In the latest edition of our b-LOG, we take a quick look at the numbers in an attempt to offer some clarity. First, it is important to realize that the ‘spring’ market has been moveable the last several years due to unpredictable weather (in more recent years) and economic uncertainty (back 6 years ago). So, to look at a week or few weeks year over year is not a great indicator. Monthly, quarterly or year-to-date is really the best place to look.

In basic bullet point, here are the facts. And note: this is according to MLS data (ie: listings sold with the assistance of us REALTORS). As well, the numbers relate to residential sales.


Total SalesAverage Sales Price
May 2013210$233,000
May 2014221$240,000 (+3%)
2013 YTD785$221,000
2014 YTD796$241,000 (+9%)

** Year over year, we typically see percentage increases in the 3 to 6% range with increases very rarely touching double digits in St.Catharines. It will be interesting to see how the average price trends continue into the summer…looking at past performance, it wouldn’t be surprising to see the increase settle back into the 4 to 5% range.

St.Catharines – between Scott & Lakeshore

Total SalesAverage Sales Price
May 201344$235,000
May 201434$219,000 (-6.8%)
2013 YTD144$225,000
2014 YTD152$233,000 (+3.6%)

** Again, notice the difference in year-over-year versus month-to-month in real estate stats. The year-to-date average increase is very typical for the city and in particular, this area of the city. With a mix of fully upgraded/renovated homes as well as completely original, there can be a significant range in sale price.

St.Catharines – Port Dalhousie & Martindale Pond

Total SalesAverage Sales Price
May 20139$457,000
May 20144$761,000
2013 YTD25$382,000
2014 YTD28$403,000 (+5.5%)

** Average sale price for May in this area of the city is skewed due to (a) lack of sales with 4 in total and (b) all of them being at a significant price point with the high end sale at over 1 million. Another caution with this area of the city is the wide variety of housing with a mix of new or newer as well as 100 year old + character homes.

St.Catharines – Grapeview

Total SalesAverage Sales Price
May 20138$335,000
May 201410$306,000
2013 YTD36$303,000
2014 YTD35$343,000 (+13.2%)

** How is that for a switcheroo? Or is it a switcherama. Either way, notice the average price for the month versus year-to-date. 2014 shows year-to-date trending up significantly while the month of May has performed poorly. Interesting to note that the average price in Jan –Apr for 2014 was $358,000 while May 2014 was a much lower $306,000. Why? Well, 10 sales can include semi-detached or 1 bedroom condos that are not really comparable to a large $500k 2 storey in the same area. Stats…they’re funny like that.

St.Catharines – Old Glenridge

Total SalesAverage Sales Price
May 20132$215,000
May 20142$335,000
2013 YTD10$336,000
2014 YTD14$347,000 (+3.3%)

** May versus May is tough to take too much from given that there were a grand total of 2 sales per. Year-to-date is still interesting as at least there is a bit more to grasp onto with 14 and 10 sales to consider.

So, we could go on but we won’t. To narrow down the facts and figures on a particular home, this process gets a bit more technical and hopefully informative. For example, if you have a bungalow in the 1,300 sq.ft. range with a single garage, an apples-to-apples comparison is really only going to work when looking at other similar homes. So, pulling out stats and looking at a specific home is a different process that we do quite often when getting valuations done on a home for a seller or a purchaser.

If you would like a closer look at where your property fits into today’s market, please feel comfortable in contacting us. We are glad to help and work free of pressure!

Thank-you for visiting,


Follow us on Facebook here

Follow the conversation on Twitter

Related posts

b-LOG: The Seller’s Market Ratchet

Every (real estate) market has its own unique tempo. Fast and hectic. Slow and drawn out. Carefree...

Continue reading

b-LOG: The First Half of 2020 Market Report

The first half of 2020 is a time that none of us will soon forget. If you track real estate data,...

Continue reading

b-LOG: How Long Does It REALLY Take To Sell A Home?

Statistics can be used like numerical Play-Doh. You can make them into a horse, a box or a tree....

Continue reading