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October 2020 Residential Statistics

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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