HAPPY FALL!!!
The real estate market across Niagara / Haldimand / Hamilton has rebounded nicely to start Fall 2020. Looks like it is going to be a great Fall!
Niagara & Dunnville inventory is currently very low as we have had a 20% decrease in new listings this year and currently sit at approximately 2 months of inventory (signalling a strong sellers market). Unit Sales are on par with 2019 and average sale price continues to climb (+18% ytd). The luxury market (1M+) has improved with over 289 sales ytd.
The Hamilton real estate market has a similar story with 18% fewer listings year to date and only 1.3 months of inventory (strong sellers market). Unit sales are on par with 2019 and average sale price is up 16%. 278 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.
Niagara-on-the-lake
Unit sales: 56%
Average sale Price: 20%
Niagara Falls
Unit sales: 11%
Average sale price 16%
Fort Erie
Unit sales: 20%
Average sale price: 29%
St. Catharines
Unit sales: -4%
Average sale price: 14%
Thorold
Unit sales: 21%
Average sale price: 14%
Pelham
Unit sales: 28%
Average sale price: 17%
Welland
Unit sales: 3%
Average sale price: 20%
Port Colborne
Unit sales: 5%
Average sale price: 25%
Lincoln
Unit sales: 9%
Average sale price: 22%
West Lincoln
Unit sales: 6%
Average sale price: 7%
Grimsby
Unit sales: 3%
Average sale price: 12%
Dunnville
Unit sales: 17%
Average sale price: 15%
Hamilton
Unit sales: -2%
Average sale price: 15%
Ancaster
Unit sales: 25%
Average sale price: 11%
Stoney Creek
Unit sales: 20%
Avergae sale price: 15%
Glanbrook
Unit sales: -4%
Average sale price: 12%