Tag Archive for "market review" | Team Berkhout Bosse RE/MAX Niagara Realty Ltd

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…

How Much Do You Need to Earn to Buy a Home in Our Local Area?

We just read an interesting article just published on Workopolis: How much you need to earn to buy a house in every major Canadian city? Click here to read full article Using the same criteria outlined in the Workopolis analysis the figures for our local market are as follows: (The Welland and Pelham 12-Month Average…

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…

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…

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…

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%…

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…

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…

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…

It’s a Happy New Year for Local Home Sales

The housing market is off to a brisk start despite the extreme winter weather conditions that we have been experiencing in our local area. According to Multiple Listing Service (MLS®) statistics of the Niagara Association of Realtors there were 15 residential transactions reported in Pelham this January compared to 11 last year - a 36%…

Local Housing Sales Predicted to Climb Onward & Upward in 2014

Our local housing market is entering into the new year in solid shape, with predictions of another positive year of growth on the horizon. Residential sales in Pelham reached 215, a healthy 2.87% increase over the total of 209 recorded in 2012. It is the surging average price growth in our community that is the…

Average Price in Pelham Jumps 8.4% in 2013

The Pelham housing market is entering into the new year in solid shape, with predictions of another positive year of growth on the horizon. During 2013 residential sales in Pelham reached a total of 215 transactions, a healthy 2.87% increase over the total of 209 recorded in 2012. It is the surging average price growth…

St. Catharines Real Estate Market Poised for Further Growth in 2014

Activity in St. Catharines’ real estate market continued at a steady clip in 2013, despite some softening over the summer months on the heels of a healthy spring market. Buyers regained enthusiasm into the fall and through the final quarter of the year, with sales expected to end the year at 2,700 units—three per cent…

November Market Update – Pelham, Welland & Niagara

Market Rallies in Pelham - UP 3.5% During November total sales for the month in Pelham jumped well ahead of last year and year to date sales climbed 3.5% above 2012 results. According to the MLS® sales reports of the Niagara Association of REALTORS® there were 15 homes sold in Pelham during the month of…

As we head into the home stretch of the year we thought it would be a good time to do a quick pulse check of local market stats: Total NIAGARA Residential Sales January 1 - November 30th, 2013: 5,935 Total NIAGARA Residential Sales January 1 - November 30th, 2012: 5,958 % CHANGE: -0.4% NIAGARA AVERAGE…

Pelham residential home sales dropped off significantly this past month with 7 transactions recorded this year compared to 15 in October 2012. Year-to-Date Total Sales Level Still at 5-Year High Despite a slow showing for October, total sales so far this year continue to outpace our 2012 level and remains ahead of Pelham’s 5-year average.…

Local Third Quarter Results in a Nutshell

Pelham Home Sales DOWN 27% in Third Quarter The Pelham local market is showing signs of deceleration following a banner first half of the year. According to the MLS statistics of the Niagara Association of Realtors there were 44 residential sales reported in Pelham during the Third Quarter - down 27% from the 60 transactions…

Here's a quick look at how tight the listing inventory situation is in Niagara compared to past years.

We can expect continued price growth into the final stretch of the year provided the demand for housing keeps outpacing the rate of inventory growth.

New Year Begins with Balanced Conditions

The Pelham real estate market finished the year off with a bang! With 18 single family unit sales in December compared to 10 in December 2009, sales for the month jumped 80%. This surge was enough to offset the 4 per cent year to date dip reflected in our November results. Total sales in Pelham…

Across Canada July month end results reflected the third month in a row that monthly unit sales were below 2009 levels. The weaker than anticipated sales activity recently prompted the Canadian Real Estate Association (CREA) to lower its national home sales forecast. Sales activity in our local marketplace followed this same national pattern. In Pelham,…

Average House Price on the rise The housing market continues its healthy upward trend across the Niagara Region, with significant increase in both number of sales and sale value. This trend is expected to continue through to late Spring as we approach the implementation dates of two legislative changes that are predicted to reduce housing…

Curb appeal is one of the most important aspects of real estate marketing and the initial consideration when planning to make a house more saleable. Imagine that you have arrived in Pelham for the first time – what do you see? How pedestrian friendly does it appear. Would you feel inspired to stop for the…

Pelham Real Estate 2009-the Year that Was

As we enter the starting days of the 2010 decade I once again find myself contemplating the incredible difference a year can make. Last year’s trepidation and lack of consumer confidence have been replaced by a resounding spirit of resiliency. During the opening months of 2009 a deep freeze descended upon Pelham and extended into…

Residential re-sale market activity in Pelham is continuing its upward trend into the final months of 2009. A total of 29 single family MLS sales were reported during the months of October and November 2009, an overall increase of 93% over the total of 15 transactions during the same time period last year. To keep…

The real estate market, whether it is through development charges, market value assessment rates, land transfer taxes, capital gains taxation or broader application of provincial sales tax rates, has become an easy target for ever increasing varieties of tax applications. It is important to recognize that, whatever the source, all tax revenue ultimately combines into…

Tag Archives: market review

A Good Year for Local Real Estate – 2014 Market Review

How Much Do You Need to Earn to Buy a Home in Our Local Area?

Niagara Association of REALTORS® November Market Report

Local Home Sales UP Year-to-Date

Niagara Market on the Rise

It’s a Hot Summer Market!

First Quarter Home Sales Edge Down in Pelham

March Home Sales Down in Niagara

Niagara Home Sales off to Brisk Start

It’s a Happy New Year for Local Home Sales

Local Housing Sales Predicted to Climb Onward & Upward in 2014

Average Price in Pelham Jumps 8.4% in 2013

St. Catharines Real Estate Market Poised for Further Growth in 2014

November Market Update – Pelham, Welland & Niagara

A CLOSE-UP LOOK at Niagara Home Sales

Local Home Sales Sluggish in October

Local Third Quarter Results in a Nutshell

New Year Begins with Balanced Conditions

Local Market Mirrors National Trends

Pelham Market Review: February 2010

How “Saleable” is Pelham?

Pelham Real Estate 2009-the Year that Was

Pelham Scores Top Results in Niagara

Real Estate Taxation is a Shell Game

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