HAPPY PUMPKIN SPICE SEASON-FALL 2020
The real estate market across Niagara / Haldimand / Hamilton has rebounded nicely after an almost 2 month shutdown in the spring.
Niagara & Dunnville inventory is currently very low as we have had a 16% decrease in new listings this year and currently sit at 2 months of inventory (signalling a strong sellers market). Unit Sales are on par with 2019 and average sale price continues to climb (+15% ytd). The luxury market (1M+) has improved with over 234 sales ytd.
The Hamilton real estate market has a similar story with 16% fewer listings year to date and only 1.4 months of inventory (strong sellers market). Unit sales are on par with 2019 and average sale price is up 15%. 210 Luxury Houses (1M+) have sold ytd.Average rent in all combined areas has surpassed $2000 / month and many new home/condo projects are well underway across the peninsula.
Niagara-on-the-lake
Unit sales: 44%
Average sale price: 18%
Niagara Falls
Unit sales: 3%
Average sale price: 14%
Fort Erie
Unit sales: 9%
Average sale price: 28%
St. Catharines
Unit sales: -10%
Average sale price: 13%
Thorold
Unit sales: 15%
Average sale price: 13%
Pelham
Unit sales: 18%
Average sale price: 15%
Welland
Unit sales: -4%
Average sale price: 19%
Port Colborne
Unit sales: 1%
Average sale price: 28%
Lincoln
Unit sales: -3%
Average sale price: 20%
West Lincoln
Unit sales: 2%
Average sale price: 6%
Grimsby
Unit sales: -4%
Average sale price: 11%
Dunnville
Unt sales: 10%
Average sale price: 15%
Hamilton
Unit sales: -6%
Average sale price: 14%
Ancaster
Unit sales: 17%
Average sale price: 10%
Stoney Creek
Unit sales: 13%
Average sale price: 15%
Glanbrook
Unit sales: -7%
Average sale price: 11%