St. Catharines Real Estate Blog
St. Catharines Real Estate
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 much better selection and not feeling rushed to make quick decisions like in the past.
As always, any questions, don’t hesitate to ask!
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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 to 43 in 2018.
As in last month’s report, the 6.4% increase in the average sale price continues in August 2018 compared to 2017.
Yes, we are still in a seller’s market if priced right, with the buyers having a better selection.
As always, any questions, don’t hesitate to ask!
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 market have increased by 38%, from 26 to 36 in 2018.
However, there is a noticeable 6.6% increase in the average sale price.
These recent stats show that we are still in a seller’s market if priced right but the buyers do have a better selection.
As always, any questions, don’t hesitate to ask!
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 2017!
Houses are taking approximately 75% longer to sell ( D.O.M – Days on market) and the number of sales overall are approximately down 18.5%.
As always, any questions, don’t hesitate to ask!
