The real estate market across Niagara / Haldimand / Hamilton is still going strong heading in to the Holiday Season and Winter.
Niagara & Dunnville inventory is still low as we have had a 17% decrease in new listings this year and currently sit at 1.2 months of inventory (signalling a strong sellers market). Unit Sales are up 12% and average sale price continues to climb (+20% ytd). The luxury market (1M+) has improved with over 401 sales ytd.
The Hamilton real estate market has a similar story with 13% fewer listings year to date and only 0.9 months of inventory, which indicates a very strong sellers market. Unit sales are up 7% and average sale price is up 17%. 358 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: +57%
Average Sale Price: +20%
Niagara Falls
Unit Sales: +18%
Average Sale Price: +18%
Fort Erie
Unit Sales: +23%
Average Sale Price: +31%
St. Catharines
Unit Sales: +1%
Average Sale Price: +15%
Thorold
Unit Sales: +22%
Average Sale Price: +14%
Pelham
Unit Sales: +35%
Average Sale Price: +19%
Welland
Unit Sales: +4%
Average Sale Price: +23%
Port Colborne
Unit Sales: +5%
Average Sale Price: +26%
Lincoln
Unit Sales: +3%
Average Sale Price: +22%
West Lincoln
Unit Sales: +8%
Average Sale Price: +9%
Grimsby
Unit Sales: +9%
Average Sale Price: +14%
Dunnville
Unit Sale: +18%
Average Sale Price: +17%
Hamilton
Unit Sales: +2%
Average Sale Price: +16%
Ancaster
Unit Sales: +25%
Average Sale Price: +12%
Stoney Creek
Unit Sales: +23%
Average Sale Price: +16%
Glanbrook
Unit Sales: -3%
Average Sale Price: +14%
Click here for more information on the November 2020 Residential Statistics