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Category Archives: Real Estate Market Update

Pelham Market Update – June 2016

Sales UP 45.2% - Average Price Jumps 15.6% During the first six months of 2016 there were 212 unit sales recorded in Pelham – up 45.2% from the total of 147 transactions reported between January and June 2015. Our local 12 month average price now stands at $450,554 up 15.6% from last June’s month end…
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Hire a REALTOR® to Navigate this Red Hot Market

Media Release: Niagara Association of REALTORS® June Market Report June 8th, 2016, Niagara - The Niagara Association of REALTORS® (NAR) reported 1,038 property sales processed through the NAR Multiple Listing Service (MLS®) system in June. This represents a 13.1% increase in sales over June of last year. The residential average sale price of $312,683 was…
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Welland Home Sales UP 23.4% Year-to-Date!

During the first six months of 2016 there were 564 unit sales recorded in Welland – up 23.4% from the total of 457 transactions reported between January and June 2015. The Rose City's 12 month average price now stands at $229,512 up 3.6% from last June’s month end figure of $221,511 As of the end…
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Multiple Offers are the New Normal in Niagara

Have you heard the latest Niagara real estate news? Toronto hyper-activity trends have hit out local market. With demand continuing to escalate as our inventory of available listings remains at record lows multiple offers are now a regular occurrence. CASE STUDY: This month Team Berkhout Bosse handled the sale of a 15 year old raised…
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Local Stats at a Glance – Welland and Pelham

Welland - April 2016   Highest Sale Price: 1800 sq. ft Luxury Bungalow Listed: $524,900 Sold: $515,000 Lowest Sale Price: 2 BR Bungalow – Fixer Upper Listed: $60,000 Sold: $76,000 Pelham - April 2016 Highest Sale Price: 2400 sq. ft Bungalow w/ walk out Listed: $796,000 Sold: $796,000   Lowest Sale Price: 2-storey commercial zone-value…
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A HOT First Quarter in the Local Market!

Unit sales of residential properties in Pelham jumped 34.6% during the First Quarter of this year compared to the same time frame last year. According to MLS® system reports of the Niagara Association of REALTORS® there were 70 sales in Pelham so far this year up from the total of 52 sales reported during January-March…
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Niagara Home Sales UP 32.7% in February!

The Niagara Association of REALTORS® (NAR) reported 605 property sales processed through the NAR Multiple Listing Service (MLS®) system in February 2016. This represents a 32.7% increase in sales over February of last year. The residential average sale price of $289,841 was 12.6% higher than last February. The average days on market decreased from 65…
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Niagara Home Sales Skyrocket in 2015!

It was a banner year for residential home sales in Niagara. The year-end MLS® sales reports of the Niagara Association of REALTORS® indicate that sales activity in the Region jumped 16.8% in 2015. Across Niagara (excluding the Town of Grimsby) there were 7370 homes sold during 2015 compared to 6309 in 2014. The current level…
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Niagara Association of REALTORS® – December Market Report

January 6th, 2016, Niagara - The Niagara Association of REALTORS® (NAR) reported 402 property sales processed through the NAR Multiple Listing Service (MLS®) system in December. This represents an 11.7% increase in sales over December of last year. The residential average sale price of $279,852 was 16.2% higher than last December. The average days on…
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Niagara Association of REALTORS® – November Market Report

December 8th, 2015, Niagara - The Niagara Association of REALTORS® (NAR) reported 599 property sales processed through the NAR Multiple Listing Service (MLS®) system in November. This represents a 14.3% increase in sales over November of last year. The residential average sale price of $264,083 was 2.9% higher than last November. The average days on…
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May Market Report – Niagara Association of Realtors

The Niagara Association of REALTORS® (NAR) reported 862 property sales processed through the NAR Multiple Listing Service (MLS®) system during May 2015. This represents a 20.1% increase in sales over May of last year. The residential average sale price of $273,661 was 7.6% higher than last May. The average days on market decreased from 56…
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Niagara Home Sales UP 7% – Average Price UP 5.6%

February 2015 Market Report The Spring Market has arrived early in Niagara this year. Local homebuyers did not let the cold weather slow down their house shopping plans. Home sales in January and February were up 7% across the Niagara Region. The Niagara Association of REALTORS® (NAR) reported 772 residential sales processed through the NAR…
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Niagara Real Estate Market Report – February 2015

The Niagara Association of REALTORS® (NAR) reported 455 property sales processed through the NAR Multiple Listing Service (MLS®) system in February. This represents an increase of 1.8% in sales over February of last year. The residential average sale price of $256,525 was 5.8% higher than last February. The average days on market decreased from 75…
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Niagara House Prices up 5%! …Pelham Jumps 9.5% Welland 6.2%

As of the end of January the 12-month average selling price of a home in Pelham stood at $380,733 up 1.2% over the $376,069 12 month average price reported at the end of December 2014. Last year at this time the figure was $347,774 representing a staggering annual average price increase of 9.5%. The current…
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A Good Year for Local Real Estate – 2014 Market Review

It was a Happy New Year celebration indeed for our local real estate market. Sales levels hit record heights in Pelham this past year while the average price in Welland spiked dramatically. Residential sales in Pelham reached 232, a healthy 7.9% increase over the total of 215 recorded in 2013. This year-end tally reflects the…
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Local Market Strong Entering the Home Stretch

Welland was one of the leading markets in Niagara entering the 2014 home stretch according to according to MLS® system reports of the Niagara Association of REALTORS® released in December. There were 53 unit sales in the Rose City during the month of November - up 18% from the total of 45 sales recorded in…
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Niagara Association of REALTORS® November Market Report

December 9, 2014, Niagara - The Niagara Association of REALTORS® (NAR) reported 527 property sales processed through the NAR Multiple Listing Service (MLS®) system in November. This represents an increase of 24% in sales over November of last year. The residential average sale price of $256,267 was 9.3% higher than last November. The average days…
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Local Home Sales UP Year-to-Date

October home sales in Pelham jumped significantly over last year’s results with 15 units reported sold – more than double the total of 7 transactions recorded in October 2013. Year-to-date totals continue to outpace our 2013 level and remain well ahead of Pelham’s 5-year average. According to the MLS statistics of the Niagara Association of…
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AUGUST Market Update – Niagara Housing Sales UP 9.6%

It has been an active summer for real estate sales across the Niagara Region with 584 residential unit sales reported during the month of August in the communities serviced by the Niagara Association of REALTORS®. This figure reflects a gain of 9.6% over last August’s total of 533 transactions. Pelham home sales continued to climb…
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Niagara Market on the Rise

It has been an active summer for real estate sales across the Niagara Region with 702 unit sales reported during the month of July in the communities serviced by the Niagara Association of REALTORS®. This figure represents an impressive gain of 23% over last July’s total of 570 transactions. In Pelham, local home sales jumped…
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It’s a Hot Summer Market!

JUNE 2014 Update: Local home sales continued at a steady pace in June. The Niagara Association of REALTORS® reported 32 residential transactions in Pelham during the past month– up 28% from the total of 25 sales recorded in June 2013. At the halfway point of the year total sales have reached 126 units representing a 2.4%…
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First Quarter Home Sales Edge Down in Pelham

Unit sales of residential properties in Pelham dropped 14% during the First Quarter of this year compared to the same time frame last year. According to MLS® system reports of the Niagara Association of REALTORS® there were 43 sales in Pelham so far this year down from the total of 50 sales reported during January-March…
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March Home Sales Down in Niagara

The Niagara Association of REALTORS® (NAR) reported 486 property sales processed through the NAR Multiple Listing Service (MLS®) system in March. This represents a 7.60 per cent decrease in sales over March of last year. The residential average sale price of $245,413 was 8.37 per cent higher than last March. The average days on market…
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Niagara Home Sales off to Brisk Start

The Spring Market has arrived early in Pelham this year. Local home buyers are not letting the cold weather slow down their house shopping plans. According to the MLS statistics of the Niagara Association of REALTORS® there were 26 residential sales reported in Pelham during January and February of this year – up 13% compared…
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Niagara Association of REALTORS® February Market Report

March 11, 2014, Niagara - The Niagara Association of REALTORS® (NAR) reported 414 property sales processed through the NAR Multiple Listing Service (MLS®) system in February. This represents a 16.29 per cent increase in sales over February of last year. The residential average sale price of $233,101 was 0.38 per cent higher than last February.…
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