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August 2022 Residential Statistics

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As we head towards the Fall 2022 market we are still seeing signs of things heading towards a more balanced market.  Prices are still up over this time last year and inventory has increased with Niagara/Haldimand Regions having  3.6 months and Hamilton having 2.1 months. In Niagara/Haldimand Regions we saw Unit Sales decrease by 32% and the Average Sale Price increase by 18%.  In Hamilton region it was a similar story with Unit Sales decreasing by 34% and the Average Sale Price increasing by 18%.  The average rental price in all combined areas is over $2400/month and many new home/condo projects are well on their way across the peninsula.  Our team of full service REALTORS® are ready to assist you in 2022 with all your real estate needs.  We specialize in Resale, New Homes, Investment Properties, Commercial Properties, and Leasing.

 

Niagara-on-the-lake
 
Unit Sales: -39%
Average Sale Price: +13%
 
Niagara Falls
 
Unit Sales: -39%
Average Sale Price: +20%
 
Fort Erie
 
Unit Sales: -38%
Average Sale Price: +19%
 
St. Catharines
 
Unit Sales: -27%
Average Sale Price: +17%
 
Thorold
 
Unit Sales: -51%
Average Sale Price: +26%
 
Pelham
 
Unit Sales: -31%
Average Sale Price: +18%
 
Welland
 
Unit Sales: -30%
Average Sale Price: +18%
 
Port Colborne
 
Unit Sales: -19%
Average Sale Price: +11%
 
Lincoln
 
Unit Sales: -25%
Average Sale Price: +21%
 
West Lincoln
 
Unit Sales: -21%
Average Sale Price: +14%
 
Grimsby
 
Unit Sales: -27%
Average Sale Price: +18%
 
Dunnville
 
Unit Sales: -17%
Average Sale Price: +9
 
Hamilton
 
Unit Sales: -33%
Average Sale Price: +18%
 
Ancaster
 
Unit Sales: -43%
Average Sale Price: +18%
 
Stoney Creek
 
Unit Sales: -36%
Average Sale Price: +18%
 
Glanbrook
 
Unit Sales: -30%
Average Sale Price: +15%
 
Click here for more information on the August 2022 Residential Statistics