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Market Insight

Insight

Data is one thing. Left on it’s own, it can be twisted and morphed like a play-doh sculpture into anything you want it to be. With that in mind, we’ve never been fans of simply taking a pre-packaged bundle of market numbers and throwing it onto a webpage or social media platform.

We dig deeper into the data to find the trends and truth behind the numbers.

What are the supply & demand dynamics?   Buyer’s market?   Seller’s market?

Macro data is great but it doesn’t always relate to a small townhome the same way it
does to a lakefront home.

This page will be constantly updated in an effort to provide a quick snap-shot on the market in general. Feel free to bookmark it and check back often. You’ll find timely market data, larger articles and reports (monthly, quarterly etc) on our bLOG page as well. 

We hope you find it helpful.

Let us know anytime if you'd like some intel relevant to your area of the city. 

Definitions:

  • Average Sale Price: you'll see in the notes below that it is looking at a specific time frame rather than simply one month compared to another. 
  • Total # of Sales: This is looking at the number of homes sold in a specific time (see notes below) compared to the same time the previous year
  • Total # of Active Listings: This is simply a look at how many active listings there were in a particular month which is a great indicator of overall buyer market or seller market conditions. 

 

Market Update

Niagara Region
$696,000
Average Sale Price

down 1.8% (Sept - Nov 2022 v 2021 Annual Average)

-47.0%
Total # of Sales

% Change (Sep - Nov '22 v Sep - Nov '21)

226.0%
Total # of Active Listings

% Change (Nov. '22 v Nov. '21)

St.Catharines
$618,000
Average Sale Price

down 3.7% (Sept - Nov 2022 v 2021 Annual Average)

-42.0%
Total # of Sales

% Change (Sep - Nov '22 v Sep - Nov '21)

252.0%
Total # of Active Listings

% Change (Nov. '22 v Nov. '21)

Niagara Falls
$662,000
Average Sale Price

down 0.5% (Sept - Nov 2022 v 2021 Annual Average)

-54.0%
Total # of Sales

% Change (Sep - Nov '22 v Sep - Nov '21)

277.0%
Total # of Active Listings

% Change (Nov. '22 v Nov. '21)

Niagara-on-the-Lake
$1,206,000
Average Sale Price

up 5.7% (Sept - Nov 2022 v 2021 Annual Average)

-58.0%
Total # of Sales

% Change (Sep - Nov '22 v Sep - Nov '21)

108.0%
Total # of Active Listings

% Change (Nov. '22 v Nov. '21)

Thorold
$634,000
Average Sale Price

down 2.9% (Sept - Nov 2022 v 2021 Annual Average)

-75.0%
Total # of Sales

% Change (Sep - Nov '22 v Sep - Nov '21)

307.0%
Total # of Active Listings

% Change (Nov. '22 v Nov. '21)

Fonthill
$797,000
Average Sale Price

down 13.2% (Sept - Nov 2022 v 2021 Annual Average)

-41.0%
Total # of Sales

% Change (Sep - Nov '22 v Sep - Nov '21)

296.0%
Total # of Active Listings

% Change (Nov. '22 v Nov. '21)

Welland
$566,000
Average Sale Price

down 4.1% (Sept - Nov 2022 v 2021 Annual Average)

-40.0%
Total # of Sales

% Change (Sep - Nov '22 v Sep - Nov '21)

243.0%
Total # of Active Listings

% Change (Nov. '22 v Nov. '21)

Grimsby
$878,000
Average Sale Price

up 1.5% (Sept - Nov 2022 v 2021 Annual Average)

-40.0%
Total # of Sales

% Change (Sep - Nov '22 v Sep - Nov '21)

153.0%
Total # of Active Listings

% Change (Nov. '22 v Nov. '21)