Royal LePage Niagara helped 5,551 Clients Buy & Sell in 2010!!
Royal LePage Niagara Real Estate Centre Brokerage ended the year with an over all increase in sales of 5.6% over 2009 which was above the reported increase of 4% for the Niagara Association of Realtors.
The Canadian Real estate Association reported an average year over year drop of 3.9% in sales activity across Canada.
Residential MLS Reported Sales in Local Markets
|
Area |
Unit Sales 2010 Increase over 2009 |
|
Fort Erie |
476 -.02% |
|
Fonthill/ Pelham |
210 .05% |
|
Lincoln |
268 13.6% |
|
Niagara On The Lake |
226 -4.2% |
|
Niagara Falls |
1070 8.5% |
|
Port Colborne |
303 -2.6% |
|
St.Catharines |
1583 0.1% |
|
Thorold |
281 16.6% |
|
Welland |
727 3.1% |
|
Grimsby |
394 -6.6% |
|
Smithville |
96 33.3% |
|
Dunnville |
142 13.6% |
Niagara Region -
The Average Sale price of a single family home rose to $225,259 from the $215,005 reported for the same period in 2009. This 4.8% rise in sale price is less than the 5.8% average price
Increase for homes sold via the Canadian MLS Systems across the country. Locally the sales for Luxury Homes ($400,000 - 1 million plus) rose 35% while the number of homes sold under $200,000 was comparable to 2009 levels. This change in volumes by price range has caused the average price to be skewed upwards.
Most Markets in Niagara are described as balanced however Grimsby, Stoney Creek are still in a Sellers market as inventory levels remain low & Buyer demand is high.
Looking ahead for 2011, the Niagara Region is expected to have modest growth in sales with high demand in first half of the year. Recent changes to the Mortgage guidelines may affect some of the first time Buyers but the artificially low mortgage rates will encourage people to get into the housing market .
What this means is, if you are planning to buy or sell your home this year, they are forecasting that the first half of the year may be the best plan. Call me today for your Free Home Market Evaluation and/or Buyer Information Session. There is no obligation, I believe that the more information my clients have, the more informed decisions they can make......when they are ready!
Sally Dollar, Sales Representative, Master Sales Award Winner 2010
www.SallyDollar.com or www.facebook.com/SallyDollarRLP
Royal LePage Niagara Real Estate Centre inc., Brokerage
101 Lakeport Road, St. Catharines, On L2N7L7
Office: 905-937-6000 or 1-866-999-9497
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