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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.

Important Things To Know:

  • Average Sale Price: Sale price data will be interesting to watch as the balance of supply & demand continues to ebb and flow.
  • 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 New Listings: The number of new listings on the market in a particular time frame. 

 

And... we are currently knee-deep in market volatility that swings in various directions, depending on the month. As a result, it's increasingly hard to pull too much meaning from quick 'at a glance' info like this. If you'd like a deeper dive into your home or neighbourhood, please do not hesitate to reach out anytime. 

Market Update

February 2024 v February 2023

 

Niagara Region
$658,000
Average Sale Price

down 1.9% (Feb 2024 v Feb 2023)

15.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

31.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

St.Catharines
$598,000
Average Sale Price

Down 3.4% (Feb 2024 v Feb 2023)

21.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

47.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Niagara Falls
$608,000
Average Sale Price

down 5.1% (Feb 2024 v Feb 2023)

-1.0%
Total # of Sales

% change (Feb 2024 v Feb 2023)

12.0%
Total # of New Listings

% change (Feb 2024 v Feb 2023)

Niagara-on-the-Lake
$1,196,000
Average Sale Price

up 11.9% (Feb 2024 v Feb 2023)

45.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

69.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Thorold
$711,000
Average Sale Price

up 17.7% (Feb 2024 v Feb 2023)

3.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

72.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Fonthill
$841,000
Average Sale Price

up 1% (Feb 2024 v Feb 2023)

50.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

81.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Welland
$540,000
Average Sale Price

down 11.3% (Feb 2024 v Feb 2023)

7.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

28.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Grimsby
$868,000
Average Sale Price

up 0.1% (Feb 2024 v Feb 2023)

17.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

22.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Beamsville, Jordan & Vineland
$704,000
Average Sale Price

up 3.7% (Feb 2024 v Feb 2023)

96.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

88.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Port Colborne & Wainfleet
$585,000
Average Sale Price

down 16.5% (Feb 2024 v Feb 2023)

50.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

7.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Fort Erie
$601,000
Average Sale Price

up 9.1% (Feb 2024 v Feb 2023)

12.0%
Total # of Sales

% Change (Feb 2024 v Feb 2023)

13.0%
Total # of New Listings

% Change (Feb 2024 v Feb 2023)

Want to chat more in depth market data?

Curious what your home is worth? Looking for info specific to your home or neighbourhood?

Book a market chat call with Patrick