September 2017 Regional Residential Statistics

Check out this September’s Regional Residential Statistics, RLP Market Update, and Regional Update Residential Stats. Regional sales are down 16%, but average sales prices across the region have increased 24%. With 2.6 months of supply, we are heading back into a balanced market.

     St Catharines’ average sale price soared to 33.5% year-to-date, and total unit sales only fell 5.7%
     Niagara-on-the-lake saw a -16.7% decrease in unit sales, but a 33% increase in average sale price.
     Niagara Falls unit sales decreased 23.3%, but overall sales price increased 17.1%
     Thorold has a 2.6% increase in unit sales, and a 33.5% increase in average sale price.
     Fort Erie, Pelham, and Port Colborne each saw year-to-date decrease in their total unit sales, but 24%+ increase in average sale price.
     Welland’s unit sales decreased 6.2% over last year, and their average sale price went up 24.5%
     Lincoln and West Lincoln were very close, with unit sales at 1.7% and -0.7% respectively. The average sale price increased 20% in Lincoln, and 28.6% in West Lincoln.
     Grimsby saw a decrease of 17.1 in their total unit sales, but an increase of 27.2% in average sale price year-to-date.
     Dunnville’s average sale price increased 24.3% over last year, and dropped 11.9% in unit sales.

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