Let’s look at some Real Estate numbers!


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!

To see the full size image, click on the picture.

114 Hill Park Lane sold firm!

The doors are open!

Open House at 5589 Levine Street, Niagara Falls

Here are the numbers for June 2018 versus June 2017:

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 increase of 0.1% versus last June.
While I don’t add this to my monthly stats, the number of active residential listings increased by approximately 33% compared to last year.
What this means is that it’s still an active sellers’ market, but buyers are having a bigger selection of houses to choose from.
As always, any questions, don’t hesitate to ask!
(click the image to view full size)

Market report April 2018 VS April 2017.

Click the picture to see a larger image.

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 actually down from 2017! Houses are taking approximately 50% longer to sale ( D.O.M – Days on market) and the number of sales overall are approximately down 23% .
What does that mean? For sellers, the listing price we set has to be more accurate than before and for buyers, finally a little more selection to choose from since January 2016.
As always, any questions, don’t hesitate to ask!