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So, How's Real Estate? In
a word, great! As
of December 31, 2007, data provided by the Niagara Association of
Realtors (NAR). Our association area covers districts 1.
Niagara-on-the-Lake, 2.Niagara Falls, 3.Fort Erie, 4.St. Catharines,
5.Thorold, 6.Welland, 7. Fonthill/Pelham, 8.Port Colborne,
9.Lincoln/West Lincoln.
-On December 31 2007, there were 3153 active listings on the NAR
MLS system
-Average sale price is $208,436 far this year ($199,995 last year)
-Number of sales is up 3% over last year, dollar
volume is up 6%
-The greatest increase in activity by price range is the
$260,000-349,999 range. In fact, all price ranges over
$160,000 showed an increase in number of sales over last year.
-Overall year to date, 58% of all listings taken have sold (last
year to date 54%). Individual districts vary; for
example, the list/sale ratio in Niagara-on-the-Lake stands at 41% while in
Thorold it is 69%. (St. Catharines = 60%; Fonthill =50%)
-The average time on the market overall for the entire
Association for the year is 62 days, and the average sale price is 96%.
Our office, Coldwell Banker Momentum Realty brokerage, has a much
better track record, with an average 97% of the sale price for
our clients, in only 49 days!
If you would like information more specific to your property and
real estate needs, please consult with your Coldwell Banker Momentum
Realty brokerage salesperson.
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