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Category Archives: Real Estate Market Update

RE/MAX 2018 Spring Market Trends Report

A recent RE/MAX survey conducted by Leger found more than one in four Canadian homebuyers report feeling pinched by the stress test, which came into effect in January of this year. However, projections for the spring market show optimism with most markets expected to remain stable or improve. The average residential sale price in the…
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Niagara Market Report – March 2018

With inventory levels slowly inching up we are beginning to see the average price beginning to stabilize. The total number of unit sales was down 30% in March with the Average Price shifting down .47% from $403,182 to $401,284. The total number of new listings was 933 up 11% from 828 last March.
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Local Real Estate Update – Still a Brisk Seller’s Market

As the first quarter of 2018 is drawing to a close we continue to experience the effects of an under supplied Seller's Market. In the entry level price ranges multiple offers are the norm with sale prices surging $20,000 to sometimes $40,000 over list price. Although the total number of sales is actually on the…
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January Market Update

As we draw closer to the Spring real estate market (it really is just around the corner!) we're encouraged to see that although unit sales numbers are down average prices across Niagara are holding strong. The Niagara Association of REALTORS® (NAR) reported 371 property sales processed through the NAR Multiple Listing Service (MLS®) system in…
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New Year’s Look Back at 2007-2017 Housing Cycle

The calendar is a wonderful thing. When December ends and the new year begins, it feels like a fresh start. You have a whole year ahead of you to accomplish whatever goals you’ve set. Can you believe that it has been 10 long years since the global Financial Crisis of 2007-2008 and what a ride it's been!…
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October Market Update

The Niagara Association of REALTORS® (NAR) reported 577 property sales processed through the NAR Multiple Listing Service (MLS®) system in October. This represents a 23.17% decrease in sales across Niagara compared to October of last year. In Pelham and Welland, unit sales for the month were down 16.7% and 4% respectively. The decline in sales…
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Niagara Real Estate Trending Towards a Balanced Market

Niagara Association of REALTORS® August Market Report September 8th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 633 property sales processed through the NAR Multiple Listing Service (MLS®) system in August. This represents a 25.8% decrease in sales compared to August of last year. The residential average sale price of $391,065 was 17%…
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Return to Balanced Market Conditions in Niagara

Niagara Association of REALTORS® July Market Report August 8th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 652 property sales processed through the NAR Multiple Listing Service (MLS®) system in July. This represents a 27.5% decrease in sales compared to July of last year. The residential average sale price of $375,903 was 14.4%…
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Niagara Association of REALTORS® June Market Report

July 7th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 785 property sales processed through the NAR Multiple Listing Service (MLS®) system in June. This represents a 22.28% decrease in sales compared to June of last year. The residential average sale price of $457,456 was 34.08% higher than last June. The average days…
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Niagara Real Estate Market Report – May 2017

May Sales Down 5.91% Across Niagara For the second month in a row The Niagara Association of REALTORS® (NAR) reported a year over year decrease in the number of property sales processed through the NAR Multiple Listing Service (MLS®) system. Across Niagara there were 955 during the month of May 2017 representing a 5.91% decrease…
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Home Sales Slow Down in April

Niagara Association of REALTORS® April Market Report May 4th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 852 property sales processed through the NAR Multiple Listing Service (MLS®) system in April. This represents a 4.9% decrease in sales compared to April of last year. The residential average sale price of $418,950 was 37.8%…
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Niagara Association of REALTORS® March Market Report

April 4th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 928 property sales processed through the NAR Multiple Listing Service (MLS®) system in March. This represents a 26% increase in sales over March of last year. The residential average sale price of $403,251 was 33% higher than last March. The average days on…
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Niagara Association of REALTORS® February Market Report

March 9th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 700 property sales processed through the NAR Multiple Listing Service (MLS®) system in February. This represents a 15% increase in sales over February of last year. The residential average sale price of $367,461 was 26.01% higher than last February. The average days on…
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Niagara Sales UP 15.8% in 2016 (Welland +20.5%, Pelham +14.8% )

It was a Happy New Year indeed for our local real estate market. By year-end 2016 the Niagara 12-Month average sale price reached $321,395 up 13.92% from $280,221 recorded at the end of December 2105. The Niagara Association of REALTORS® (NAR) reported 8,441 residentail sales processed through the NAR Multiple Listing Service (MLS®) system during…
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Niagara Association of REALTORS® October Market Report

The Niagara Association of REALTORS® (NAR) reported 760 property sales processed through the NAR Multiple Listing Service (MLS®) system in October. This represents a 14.8% increase in sales over October of last year. The residential average sale price of $353,502 was 26.07% higher than last October. The average days on market decreased from 56 to…
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Thanksgiving Update

In this time of Thanksgiving we give thanks to you for being a valued member of our Team Berkhout Bosse community of friends and clients. We are grateful for the opportunity of serving you and providing you with the best possible service, information and advice. As we head into the final quarter of the year…
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Niagara Home Sales Hot this Summer

It has been an active summer for real estate sales across the Niagara Region with 2994 unit sales reported during the months of June, July and August in the communities serviced by the Niagara Association of REALTORS®. This figure reflects a gain of 15.7% over last year’s total of 2588 transactions during the same three…
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Pelham Market Update – June 2016

Sales UP 45.2% - Average Price Jumps 15.6% During the first six months of 2016 there were 212 unit sales recorded in Pelham – up 45.2% from the total of 147 transactions reported between January and June 2015. Our local 12 month average price now stands at $450,554 up 15.6% from last June’s month end…
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Hire a REALTOR® to Navigate this Red Hot Market

Media Release: Niagara Association of REALTORS® June Market Report June 8th, 2016, Niagara - The Niagara Association of REALTORS® (NAR) reported 1,038 property sales processed through the NAR Multiple Listing Service (MLS®) system in June. This represents a 13.1% increase in sales over June of last year. The residential average sale price of $312,683 was…
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Welland Home Sales UP 23.4% Year-to-Date!

During the first six months of 2016 there were 564 unit sales recorded in Welland – up 23.4% from the total of 457 transactions reported between January and June 2015. The Rose City's 12 month average price now stands at $229,512 up 3.6% from last June’s month end figure of $221,511 As of the end…
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Multiple Offers are the New Normal in Niagara

Have you heard the latest Niagara real estate news? Toronto hyper-activity trends have hit out local market. With demand continuing to escalate as our inventory of available listings remains at record lows multiple offers are now a regular occurrence. CASE STUDY: This month Team Berkhout Bosse handled the sale of a 15 year old raised…
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Local Stats at a Glance – Welland and Pelham

Welland - April 2016   Highest Sale Price: 1800 sq. ft Luxury Bungalow Listed: $524,900 Sold: $515,000 Lowest Sale Price: 2 BR Bungalow – Fixer Upper Listed: $60,000 Sold: $76,000 Pelham - April 2016 Highest Sale Price: 2400 sq. ft Bungalow w/ walk out Listed: $796,000 Sold: $796,000   Lowest Sale Price: 2-storey commercial zone-value…
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A HOT First Quarter in the Local Market!

Unit sales of residential properties in Pelham jumped 34.6% during the First Quarter of this year compared to the same time frame last year. According to MLS® system reports of the Niagara Association of REALTORS® there were 70 sales in Pelham so far this year up from the total of 52 sales reported during January-March…
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Niagara Home Sales UP 32.7% in February!

The Niagara Association of REALTORS® (NAR) reported 605 property sales processed through the NAR Multiple Listing Service (MLS®) system in February 2016. This represents a 32.7% increase in sales over February of last year. The residential average sale price of $289,841 was 12.6% higher than last February. The average days on market decreased from 65…
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Niagara Home Sales Skyrocket in 2015!

It was a banner year for residential home sales in Niagara. The year-end MLS® sales reports of the Niagara Association of REALTORS® indicate that sales activity in the Region jumped 16.8% in 2015. Across Niagara (excluding the Town of Grimsby) there were 7370 homes sold during 2015 compared to 6309 in 2014. The current level…
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