Royal LePage Niagara Real Estate Centre reports a 27% increase in company sales units in the 1st half of 2010.
Royal LePage Niagara Real Estate Centre Brokerage has exceeded 2009 sales activity by 27.2% for the first half of 2010. The Niagara Association of Realtors reported a 6 month increase of 21% however the sales activity for the Month of June fell 7% compared to last year. Other major markets saw steeper declines in June with Toronto reporting a dip of 23%.
Residential MLS Reported Sales in Local Markets
Area Unit Sales 2010 Increase over 2009
Fort Erie 226 6%
Fonthill / Pelham 113 11%
Lincoln 163 41%
Niagara On The Lake 122 58%
Niagara Falls 596 26%
Port Colborne 167 12%
St.Catharines 901 15%
Thorold 156 27%
Welland 389 14%
Grimsby 224 7%
Smithville 61 79%
Dunnville 63 43%
The Average Sale price of a single family home rose to $225,445 from the $206,077 reported for the same period in 2009. This 9.3% rise in sale price can be partially attributed to the increase in sales activity for properties in the $240,000 – $400,000 price range ( 881 versus 597 housing units). Our market remains strong however sales activity will moderate as the supply of homes increases. Prices of homes are expected to remain at current levels & Niagara is still one of the most affordable regions to live in.
This article was first published on https://nrcrealty.ca.