August 2019 Residential Statistics

As summer winds down we are still seeing increases in the market across the Niagara and Hamilton regions.

The Niagara Region had a total of 9% increase in unit sales, and an 11% increase in average sale price YTD for the month of August. Compared to last year, there was an 6% increase in listings in the region. Residential properties averaged 38 days on market and $327/sqft.

Hamilton, Ancaster and Stoney Creek had a total of 12% increase in unit sales, and a 6% increase in average sale price YTD for the month of August. Compared to last year, there was a 3% increase in listings in the area. Residential properties averaged 30 days on market and $436/sqft.

Market Breakdown

Niagara-on-the-Lake
Unit Sales: up 30%
Average Sale Price: up 6%

Niagara Falls
Unit Sales: up 1%
Average Sale Price: up 12%

Fort Erie
Unit Sales: up 2%
Average Sale Price: up 5%

St. Catharines
Unit Sales: up 6%
Average Sale Price: up 9%

Thorold
Unit Sales: up 36%
Average Sale Price: up 18%

Pelham
Unit Sales: up 34%
Average Sale Price: up 4%

Welland
Unit Sales: up 14%
Average Sale Price: up 8%

Port Colborne
Unit Sales: up 7%
Average Sale Price: down 2%

Lincoln
Unit Sales: up 16%
Average Sale Price: up 2%

West Lincoln
Unit Sales: up 1%
Average Sale Price: up 14%

Grimsby
Unit Sales: up 9%
Average Sale Price: up 4%

Dunnville
Unit Sales: up 14%
Average Sale Price: up 4%

Hamilton
Unit Sales: up 9%
Average Sale Price: up 6%

Ancaster
Unit Sales: up 17%
Average Sale Price: up 2%

Stoney Creek
Unit Sales: up 18%
Average Sale Price: up 3%

August Residential Stats Report

Click below to access our August Statistics Reports:

AUGUST 2019 Residential Market Statistics – August 2019

Monthly Market Trend – AUGUST 2019

This article was first published on https://nrcrealty.ca.