Real Estate Market Stats for October 2022

Let’s have a look at the October Real Estate numbers!

How did we do??

The real estate market for the entire Niagara Region is slowing down. Prices are still decreasing compared to last year and the number of sales is much lower for every municipality.

In the Niagara Region as a whole, the number of sales has gone down by 47% for the month of October 2022, which is fairly consistent with last month’s decrease of 43.6%.

The average sale price also continues to decrease. Where the average sale price for the Niagara Region was $681K in October 2021, it dropped to $654K in October 2022. This is a decrease of 3.9%, which is a bit higher than last month’s 0.6%.

Remember that The Salisbury Team is here to help you!

If you have any questions regarding these numbers, just reach out. We are here for you!

AND If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and we will look them up!

T.

PS: Text/call me any time if you have questions! 905-321-5050.

Real Estate Market Stats for September 2022

How did we do compared to September 2021??

The market is still slowing down. Not only are the number of sales down per municipality compared to last year’s September, but in most municipalities the sale price has also dropped, with the exception of Lincoln, Thorold and West Lincoln.

In the Niagara Region as a whole, the number of sales has gone down by 43.6% for the month of September 2022, compared to September 2021.

The average sale price has also decreased. Where the average sale price for the Niagara Region was $666K in September 2021, it dropped to $662K in September 2022. This is a decrease of 0.6%.

If you are considering selling, it is important to set a realistic listing price based on the current numbers and to understand that your house may be on the market longer than you would like.

You may be wondering what the best course of action is if you are thinking of selling or buying right now.

Or you might be wondering what the current value of your home would be if selling. The real estate numbers can raise many questions and it can be difficult to see the forest through the trees.

Remember that The Salisbury Team is here to help you!

If you have any questions regarding these numbers, just reach out. We are here for you!

AND If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and we will look them up!

T.

 

PS: Text/call me any time if you have questions! 905-321-5050.

 

 

Real Estate Market Stats for August 2022

How did this month do compared to last year’s?

As mentioned in our previous Market Report, we are still seeing a continuation of the declining trend. Number of Sales in August 2022 are going down,but sale prices are still slightly going up compared to 2021.

In the Niagara Region as a whole, the number of sales have gone down by 38.2% for the month of August 2022, compared to August 2021.

The average sale price however, is still climbing, but slowing down. We have seen a 4.4% increase for the month of august 2022, compared to August 2021 for the entire Niagara Region.

We offer you our experience and expertise to help you navigate these restless waters. Remember that as your Realtor, we are always on your team!!

Now: let’s have a look at the Real Estate numbers for August 2022!

T.

PS: Text/call me any time if you have questions! 905-321-5050.


Real Estate Market Stats for July 2022

We are seeing a continuation of the declining trend; the number of sold houses continues to go down and so are the sale prices.

However: when we look at the year by year numbers, we can still see an overall increase in sale price percentages.

For example: In the Niagara Region as a whole, the number of sales have gone down by 50.7% for the month of June 2022, compared to June 2021.

The average sale price however, is still climbing, with 9.9% for the month of June 2022, compared to June 2021 for the entire Niagara Region.

Although sale prices are still going up, compared to last month, this percentage seems to be decreasing.

You may be wondering what this might mean for you, if you have plans to sell or buy real estate property. It is very important to understand how to navigate these changes in order to be a successful seller or buyer!

We offer you our experience and expertise to help you navigate these restless waters. Remember that as your Realtor, we are always on your team!!

Now: let’s have a look at the Real Estate numbers for June 2022!

T.

 

PS: Text/call me any time if you have questions! 905-321-5050.

 

Real Estate Market Stats for June 2022

The Real Estate Numbers for June 2022 are in! How did this month do compared to last year’s?

We are seeing a continuation of the declining trend; the number of sold houses continues to go down and so are the sale prices.

However: when we look at the year by year numbers, we can still see an overall increase in sale price percentages.

For example: In the Niagara Region as a whole, the number of sales have gone down by 45.7% for the month of June 2022, compared to June 2021.

The average sale price however, is still climbing, with 22.1% for the month of June 2022, compared to June 2021.

You may be wondering what this might mean for you, if you have plans to sell or buy real estate property. It is very important to understand how to navigate these changes in order to be a successful seller or buyer!

We offer you our experience and expertise to help you navigate these restless waters. Remember that as your Realtors, we are always on your team!!

Now: let’s have a look at the Real Estate numbers for June 2022!

T.

 

PS: Text/call me any time if you have questions! 905-321-5050.

 

Happy Canada Day!!

Happy Canada Day everyone!!

The Salisbury Team had a lot of fun delivering gifts to clients!

Below is a collection of some of the photos we took.

 

 

Real Estate Market Stats for May 2022

How did May do compared to last year’s?

We are noticing a definite shift in the market. Whereas 2021 was an amazing seller’s year, 2022 seems to be shifting more towards a balance between seller and buyer, while leaning a bit more towards a buyer’s market currently.

The number of sales are going down a bit by 38.9% for the month of May 2022, which is close to the 34.7% decrease in sales for the month of April 2022.

The average sale price is still climbing, with 22% for the month of May, compared to May 2021. This is also consistent with the numbers for April. Last month, we saw an increase of 26.6% compared to last year.

It is very important to understand how to navigate these changes in order to be a successful seller or buyer!

We offer you our experience and expertise to help you navigate these restless waters. Remember that as your Realtors, we are always on your team!!

Now: let’s have a look at the Real Estate numbers for May 2022 and see how your municipality did!

T.

PS: Text/call me any time if you have questions! 905-321-5050.

 

Real Estate Market Stats for April 2022

How did April 2022 do compared to April 2021?

We can see the market is still changing compared to last year.

For example, the number of new listings in the Niagara Region have increased with 4.3% for April 2022 compared to April 2021.
The number of sales for the same period has decreased with 34.7%. However: the average sale price for the month of April 2022 has increased with 26.6%, compared to April 2021!

It is very important to understand how to navigate these changes in order to be a successful seller or buyer!

We offer you our experience and expertise to help you navigate these restless waters. Remember that as your Realtors, we are always on your team!!

Now: let’s have a look at the Real Estate numbers for April 2022 and see how your municipality did compared to April last year!

 

Text/call me any time if you have questions! 905-321-5050.

T.

 

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