Courtesy of Rick Simioni

MARKET UPDATE

MARKET ACTIVITY in Selected Niagara Areas August Residential Activity

NEW LISTINGS

NUMBER OF SALES

HPI BENCHMARK PRICE

AVG DAYS ON MARKET

Areas

August 2023 August 2024

August 2023 August 2024 August 2023 August 2024 August 2023 August 2024

Fort Erie

138

146

70

47

$ 553,800

$ 545,500

46

42

Lincoln

55

47

31

19

$ 820,000

$ 757,100

24

48

Niagara Falls

254

228

91

87

$ 652,700

$ 632,600

33

37

Niagara-on-the Lake

70

83

16

27

$ 1,076,900 $ 979,300

35

48

Pelham

40

65

27

19

$ 855,400

$ 843,400

39

58

Port Colborne / Wainfleet

89

76

37

46

$ 547,700

$ 536,300

33

61

St. Catharines

329

285

149

149

$ 605,400

$ 584,800

28

39

Thorold

85

80

23

23

$ 634,800

$ 620,900

26

35

Welland

136

157

61

62

$ 545,400

$ 551,300

27

41

West Lincoln

24

25

18

9

$ 791,500

$ 759,000

37

37

Niagara Totals

1220

1192

523

488

$ 662,300

$ 640,200

33

45

Note: Numbers of sales represents sales reported on properties listed on the Multiple Listings Serves (MLS ® ) of the Niagara Association of REALTORS ® (NAR).

905.380.5957 | ricksimioni@royallepage.ca SALES REPRESENTATIVE Rick Simioni The greatest compliment my clients can give me is the referral of family and friends.

EMPOWERING OUR REALTORS® TO ENRICH THE COMMUNITIES OF NIAGARA

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