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...
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...
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...
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....
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...
We can see the market is shifting a little bit over the last several weeks. It is very important to understand how to navigate these changes in order to be a successful seller or buyer! Interest rates are rising and so is inflation; and to top it off: after having to...
Does February look anything like the first month of this year?? Let's look at some numbers!! We can still see a steady increase in the HPI benchmark prices for the month of February! As a matter of fact, that increase is almost the same percentage as in January! Where...
How did 2022 kick off? Are we continuing the trend of last year decreasing listings and increasing sale prices? What does the first month of the new year look like?? Let's look at some numbers!! In the Niagara Region we continue to see a steady increase in benchmark...
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...
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...
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...
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...
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....
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....
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...
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...
The Impact of COVID on Real Estate Statistics... "The April 2020 to April 2021 comparison emphasizes the negative impact Ontario’s first COVID lock-down had on the Provinces economy including Niagara but also shines a light on market’s dramatic recovery and the...
Current Statistics Indicate A Strong Sellers Market... “The spring market is here as evidenced by the brisk sales numbers in March. We are seeing a continued influx of buyers who are able to work remotely and families looking to move from attached units to detached...
What do these Real Estate numbers tell us? The average residential sale price was 8.7% higher than January 2018! There was also an approximate increase of 16% in the number of sales. The listings were a bit longer on the market than last year: an average of 50...
What do these Real Estate numbers tell us? There was still a bit of an increase in the residential average sale price, approximately 4.4% compared to December 2017. The average days that listings are on the market have remained exactly the same while the number of...
As we're heading towards Winter and starting to think about Christmas celebrations again, it's time to look back at last month and compare some numbers with last year! What do these numbers tell us? We can see a small decrease in sales between both Octobers, namely...
We can still see a slight increase of 2.9% in the residential average sale price compared to last year whereas the number of sales has dropped sharply by 14.6%. Overall, the market has become more stable. Sellers need to be more realistic and patient. Buyers have a...
What do these numbers tell us about the Real Estate market? Whereas July showed a decrease in the number of sales compared to last year, we can see a slight increase of 2.5% for August 2018. The average days on the market have increased by approximately 38.7%, from 31...
Let's talk about the Real Estate Market! Here are the numbers for July 2018 versus July 2017. What do we see from these numbers? When comparing the numbers of both years for July, we can see a decrease of 5.7% in sales compared to last year. The average days on the...
What do these numbers mean? Four things we noticed. There is still a decrease in residential sales compared to June last year, approximately 10.8%. Residential houses are taking 55% longer to sale than June 2017. The residential average sale price had a very marginal...
Here are the numbers for May 2018 verses May 2017. What do you see? Last month we saw how the numbers in 2018 are significantly lower than those in 2017. This trend continues through May 2018 VS May 2017. Average Sale Price in 33% of the areas are actually down from...
There was a bit of a delay in the monthly stats over the last few months. Data keeps changing constantly and we wanted a fresh look to the Salisbury Stats page. Here is a look at April 2018 versus April 2017. Notice a trend? Average Sale Price in 30% of the areas are...