The real estate market across Niagara / Haldimand / Hamilton definitely finished the whirlwind year of 2020 on a strong note.
Niagara & Dunnville inventory is still low as we have had a 16% decrease in new listings this year and currently sit at 0.7 months of inventory (signalling a strong sellers market). Unit Sales are up 14% and average sale price continues to climb (+21% ytd). The luxury market (1M+) has improved with over 439 sales ytd.
The Hamilton real estate market has a similar story with 12% fewer listings year to date and only 0.4 months of inventory, which indicates a very strong sellers market. Unit sales are up 9% and average sale price is up 17%. 398 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.
Have your local #RLPNRC REALTOR® give you a current market evaluation & extensive statistics package.
Niagara-on-the-lake
Unit Sales: +55%
Average Sale Price: +19%
Niagara Falls
Unit Sales: +20%
Average Sale Price: +19%
Fort Erie
Unit Sales: +25%
Average Sale Price: +32%
St. Catharines
Unit Sales: +3%
Average Sale Price: +16%
Thorold
Unit Sales: +28%
Average Sale Price: +15%
Pelham
Unit Sales: +38%
Average Sale Price: +19%
Welland
Unit Sales: +6%
Average Sale Price: +22%
Port Colborne
Unit Sales: +11%
Average Sale Price: +29%
Lincoln
Unit Sales: +7%
Average Sale Price: +21%
West Lincoln
Unit Sales: +12%
Average Sale Price: +11%
Grimsby
Unit Sales: +11%
Average Sale Price: +14%
Dunnville
Unit Sale: +19%
Average Sale Price: +17%
Hamilton
Unit Sales: +4%
Average Sale Price: +17%
Ancaster
Unit Sales: +26%
Average Sale Price: +13%
Stoney Creek
Unit Sales: +23%
Average Sale Price: +17%
Glanbrook
Unit Sales: -3%
Average Sale Price: +14%
Click here for more information on the December 2020 Residential Statistics