Welcome Fall 2020
The real estate market across Niagara / Haldimand / Hamilton is going strong this fall.
Niagara & Dunnville inventory is currently very low as we have had an 18% decrease in new listings this year and currently sit at 1.5 months of inventory (signaling a strong sellers market). Unit Sales are up 11% and average sale price continues to climb (+21% ytd). The luxury market (1M+) has improved with over 350 sales ytd.
The Hamilton real estate market has a similar story with 16% fewer listings year to date and only 1.1 months of inventory, which indicates a very strong sellers market. Unit sales are up 6% and average sale price is up 18%. 326 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.
Prices continue to rise across the region and the current market conditions can be attributed to an increase in demand from GTA buyers who are now equipped to work remotely, Boomers looking to retire or acquire a recreational property, and local residents. Have your local #RLPNRC REALTOR® give you a current market evaluation & extensive statistics package.
Niagara-on-the-lake
Unit Sales: 52%
Average Sale Price: 22%
Niagara Falls
Unit Sales: 15%
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: 23%
Average Sale Price: 16%
Pelham
Unit Sales: 32%
Average Sale Price: 18%
Welland
Unit Sales: 5%
Average Sale Price: 23%
Port Colborne
Unit Sales: 6%
Average Sale Price: 26%
Lincoln
Unit Sales: 6%
Average Sale Price: 24%
West Lincoln
Unit Sales: 7%
Average Sale Price: 9%
Grimsby
Unit Sales: 7%
Average Sale Price: 13%
Dunnville
Unit Sales: 15%
Average Sale Price: 17%
Hamilton
Unit Sales: 0%
Average Sale Price: 17%
Ancaster
Unit Sales: 27%
Average Sale Price: 11%
Stoney Creek
Unit Sales: 23%
Average Sale Price: 17%
Glanbrook
Unit Sales: -1%
Average Sale Price: 13%
Click here for more information on the October 2020 Residential Statistics