With inventory levels slowly inching up we are now seeing the average price beginning to stabilize. The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 802 units in April 2022. This was a decline of 32% from April 2021. Despite the monthly pullback, it is important to…
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Niagara June Market Report
Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 702 units in June 2019. This was an increase of 4.8 per cent from June 2018 and a decrease of 5.3 per cent from May 2019. On a year-to-date basis, a total of 3,673 homes have sold over…
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New Year’s Look Back at 2007-2017 Housing Cycle
The calendar is a wonderful thing. When December ends and the new year begins, it feels like a fresh start. You have a whole year ahead of you to accomplish whatever goals you’ve set. Can you believe that it has been 10 long years since the global Financial Crisis of 2007-2008 and what a ride it's been!…
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October Market Update
The Niagara Association of REALTORS® (NAR) reported 577 property sales processed through the NAR Multiple Listing Service (MLS®) system in October. This represents a 23.17% decrease in sales across Niagara compared to October of last year. In Pelham and Welland, unit sales for the month were down 16.7% and 4% respectively. The decline in sales…
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Niagara Real Estate Market Report – May 2017
May Sales Down 5.91% Across Niagara For the second month in a row The Niagara Association of REALTORS® (NAR) reported a year over year decrease in the number of property sales processed through the NAR Multiple Listing Service (MLS®) system. Across Niagara there were 955 during the month of May 2017 representing a 5.91% decrease…
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Home Sales Slow Down in April
Niagara Association of REALTORS® April Market Report May 4th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 852 property sales processed through the NAR Multiple Listing Service (MLS®) system in April. This represents a 4.9% decrease in sales compared to April of last year. The residential average sale price of $418,950 was 37.8%…
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Niagara Association of REALTORS® March Market Report
April 4th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 928 property sales processed through the NAR Multiple Listing Service (MLS®) system in March. This represents a 26% increase in sales over March of last year. The residential average sale price of $403,251 was 33% higher than last March. The average days on…
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Niagara Sales UP 15.8% in 2016 (Welland +20.5%, Pelham +14.8% )
It was a Happy New Year indeed for our local real estate market. By year-end 2016 the Niagara 12-Month average sale price reached $321,395 up 13.92% from $280,221 recorded at the end of December 2105. The Niagara Association of REALTORS® (NAR) reported 8,441 residentail sales processed through the NAR Multiple Listing Service (MLS®) system during…
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Niagara Home Sales Hot this Summer
It has been an active summer for real estate sales across the Niagara Region with 2994 unit sales reported during the months of June, July and August in the communities serviced by the Niagara Association of REALTORS®. This figure reflects a gain of 15.7% over last year’s total of 2588 transactions during the same three…
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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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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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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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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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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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