Real Estate Market STATS for December 2021

It is definitely interesting to see what happened in real estate in the last month of 2021.
So, what did happen in December? How did we do compared to this time last year?
 
Let’s look at some numbers!!
In the Niagara Region as a whole, we continue to see a slight decrease in the number of sales, meaning that there have been less listings, just as in November. However, the Benchmark sale price continues to show a significant increase compared to the previous year!
 
For example: St. Catharines shows a slight decrease in the number of sales (a drop of 2%) but a sale price increase of a whopping 33.9% compared to last year!
This has been a consistent trend and basically applies to most Niagara municipalities.
 
What does this mean? It means that as a buyer you will likely be in competition with other buyers to purchase, while sellers sit back and enjoy another year of bidding wars on their homes. From all indications, the Niagara Region should see a 12-14% increase in house prices for the year 2022.
T.
Attention Sellers!! – If you received a market evaluation from us on your property/properties going back to at least 2016 when the market here in Niagara really started to take off, we strongly suggest you consider getting another one!! Most residential real estate since that time has seen an appreciation of anywhere from 70 to 120%!! Seems unbelievable but true! Call me today to discuss!
1-905-321-5050

PS: Remember The Salisbury Team is always here for you!

How Did YOUR Municipality Perform?? Let’s look at some numbers!!


Happy Holidays!

Our Salisbury Elves have been very busy in the weeks leading up to the Holidays, visiting clients and dropping off gifts. We love our clients and we enjoyed surprising you! Check out the video above we created.

We wish you all SAFE and HAPPY Holidays!

T-
1-905-321-5050

 

 

 

Christmas Dinner made easier!

Not everybody is a chef. Have you ever aimed a little bit too high for Christmas? Remember that year when you turned the kitchen into a war zone?
That time when you would have to cut the roast with a chainsaw and your mashed potatoes could be used as wall plaster?
Remember that one magical Christmas day where you ended up at a fast food diner?

No? Well, some of us do! 🙂

Here are some recipe ideas that are actually easy to prepare and guaranteed to be a success!

These are busy times and with everything going on right now, Christmas might have snuck up on you. If that is the case and you have to come up with some good -yet easy- last minute ideas, we are here to help! Check these recipes for great last minute suggestions!

We wish you all SAFE and HAPPY Holidays!

T-
1-905-321-5050

 

 

 

Real Estate Market STATS for November 2021

Being so close to Christmas and the New Year we have seen some great opportunities for our buyers with less competition so maybe now is the time to accelerate your timeline to start looking for that new home now!
So, what happened in real estate last month? What did the market look like? And how did we do compared to this time last year?
Special Note – Client(s) who have/has received a market evaluation from us on your property/properties going back to at least 2016 when the market here in Niagara really started to take off we strongly suggest you consider getting another one!! Most residential real estate since that time has seen an appreciation of anywhere from 70 to 120%!! Seems unbelievable but true! Call me today to discuss!

1-905-321-5050

The Housing Market continues to perform well!

When we compare the stats for the Niagara Region to November of last year, we see a 4.3% decrease in the number of sales BUT an HPI benchmark price increase of 35% to $701,700!

If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and I’ll look it up!

 

How Did YOUR Municipality Perform??

Let’s look at some numbers!!
T.
PS: Remember The Salisbury Team is always here for you!

 

 

 

Real Estate Market STATS for October 2021

Real Estate Numbers for October 2021 are in…

Buyer demand is still high and with so few homes available, Sellers who list their homes this Fall will likely have a tremendous advantage also know as leverage. Buyers want to buy before prices go even higher, they want to buy before interest rates rise, and in the likely event of having to compete with other Offers, they want their Offer accepted.

These three Buyer needs give homeowners a leg up when selling their house. Seller might already realize this leverage enables them to sell at a good price, but it also means they can negotiate the best terms to suit your needs.

Whether buying or selling, the more that 1400 members or the Niagara Association of REALTORS® are here to help; they have the market knowledge, the answers to questions, are skilled negotiators, and are ready to assist in all stages of the buying and selling process.” Said Doug Rempel, President of the Niagara Association of REALTORS®.

The Housing Market continues to perform well!

When we compare the stats for the Niagara Region to October of last year, we see a 13.6% decrease in the number of sales AND an HPI benchmark price increase of 33.4% to $679,400!

If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and I’ll look it up!

 

How Did YOUR Municipality Perform??

Let’s look at some numbers!!
T.
PS: Remember The Salisbury Team is always here for you!

 

 

 

Real Estate Market STATS for September 2021

Real Estate Market STATS for September 2021

Real Estate Numbers for September 2021 are in…

We are beginning to see a “settling” in the market with a slight increase in the average home prices in Niagara by 1.2% as compared to last month.
This may lead to us starting to see some opportunities for buyers this fall. Having said that, our sellers are still getting mind-blowing prices for their homes!

Compared to September 2020, there is a decrease of 14% in the number of new listings in the Niagara Region and the average number of days on the market is 22 for September 2021 as compared to 40 in September of 2020!!

 

The Housing Market continues to perform well!

When we compare the stats for the Niagara Region to September of last year, we can see a 22.6% decrease in the number of sales AND an HPI benchmark price increase of 33.8% to $665,600!
If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and I’ll look it up!

 

How Did YOUR Municipality Perform??

Let’s look at some numbers!!
T.
PS: Remember The Salisbury Team is always here for you!

 

 

 

Real Estate Market STATS for August 2021

Real Estate Market STATS for August 2021

Real Estate Numbers for August 2021 are in…

We are beginning to see a “slow shift” in the market with a slight decrease in the average home prices in Niagara by 0.8% as compared to last month.
This may present some opportunities for buyers as we head into fall.

Compared to August 2020, there is a decrease of -24% in the number of new listings in the Niagara Region and the average days on the market was 20 for August 2020 and remains the same for August 2021!!

 

The Housing Market continues to perform well!

When we compare the stats for the Niagara Region to August of last year, we see a 24% decrease in the number of sales AND an HPI benchmark price increase of 34% to $657,400!
If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and I’ll look it up!

 

How Did YOUR Municipality Perform??

Let’s look at some numbers!!
T.
PS: Remember The Salisbury Team is always here for you!

 

 

 

Real Estate Market STATS for July 2021

Real Estate Market STATS for July 2021

Real Estate Numbers for July 2021 are in…

We are beginning to see a “slow shift” in the market with a slight decrease in the average home prices in Niagara by 0.5% as compared to last month.
This may present some opportunities for buyers as we head into fall.

Compared to July 2020, there is a decrease of -16% in the number of new listings in the Niagara Region and the average days on the market is 20 for July 2021 vs 40 in July 2020!!

 

The Housing Market continues to perform well!

When we compare the stats for the Niagara Region to June of last year, we can see a 16% decrease in the number of sales AND an HPI benchmark price increase of 36% to $652.200!
If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and I’ll look it up!

 

How Did YOUR Municipality Perform??

Let’s look at some numbers!!
T.
PS: Remember The Salisbury Team is always here for you!

 

 

 

Real Estate Market STATS for June 2021

Real Estate Market STATS for June 2021

Real Estate Numbers for June 2021 are in…

Our sellers are getting mind-blowing prices for their homes!
So, what happened in real estate last month? What did the market look like? And how did we do compared to this time last year? According to a recent analysis reported by the CBC, there is “Plenty of room for house prices in Canada to rise as interest rates stay low”

Compared to June 2020, there is an increase of 4% in the number of new listings in the Niagara Region and the average days on the market is 18 for June 2021 vs 41 in June 2020!!

 

The Housing Market continues to perform well!

When we compare the stats for the Niagara Region to June of last year, we can see a 13% increase in the number of sales AND an HPI benchmark price increase of 40% to $655,000!
Considering the fact that we are still dealing with the COVID-19 crisis, the real estate market remains strong!
If you ever see any sales or listings that you are curious about in your neighbourhood, just ASK and I’ll look it up!

 

How Did YOUR Municipality Perform??

Let’s look at some numbers!!
T.
PS: Remember The Salisbury Team is always here for you!

 

May Market Statistics!

May Market Statistics!

Is There A Housing Bubble…

“When will the housing bubble break?” – a question we hear repeatedly; the answer is, there is no bubble only a significant shortage of inventory, a pent-up Buyer demand, and record low Mortgage rates; three factors which continue the upward pressure on housing prices.” Said Doug Rempel, President of the Niagara Association of REALTORS®.

Why is there such a large jump in sales compared to last year?

The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures and also tracks the actual number of sales within each month. With the announcement of the global pandemic in March 2020 came a virtual halt to real estate sales from March to May of 2020. The real estate market is seeing more sales as compared to last month even with record low inventory levels.

So, let’s take a look at how Niagara and your municipality performed compared to May of 2020!

Stay safe!

T.

If you ever see any sales or listings that you are curious about in the neighbourhood, just ASK and I’ll look it up!
Remember The Salisbury Team is always here for you!

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