Category Archive for "Real Estate Market Update" | Team Berkhout Bosse RE/MAX Niagara Realty Ltd

Niagara Home Sales UP 7% – Average Price UP 5.6%

February 2015 Market Report The Spring Market has arrived early in Niagara this year. Local homebuyers did not let the cold weather slow down their house shopping plans. Home sales in January and February were up 7% across the Niagara Region. The Niagara Association of REALTORS® (NAR) reported 772 residential sales processed through the NAR…

Niagara Real Estate Market Report – February 2015

The Niagara Association of REALTORS® (NAR) reported 455 property sales processed through the NAR Multiple Listing Service (MLS®) system in February. This represents an increase of 1.8% in sales over February of last year. The residential average sale price of $256,525 was 5.8% higher than last February. The average days on market decreased from 75…

Niagara House Prices up 5%! …Pelham Jumps 9.5% Welland 6.2%

As of the end of January the 12-month average selling price of a home in Pelham stood at $380,733 up 1.2% over the $376,069 12 month average price reported at the end of December 2014. Last year at this time the figure was $347,774 representing a staggering annual average price increase of 9.5%. The current…

A Good Year for Local Real Estate – 2014 Market Review

It was a Happy New Year celebration indeed for our local real estate market. Sales levels hit record heights in Pelham this past year while the average price in Welland spiked dramatically. Residential sales in Pelham reached 232, a healthy 7.9% increase over the total of 215 recorded in 2013. This year-end tally reflects the…

Local Market Strong Entering the Home Stretch

Welland was one of the leading markets in Niagara entering the 2014 home stretch according to according to MLS® system reports of the Niagara Association of REALTORS® released in December. There were 53 unit sales in the Rose City during the month of November - up 18% from the total of 45 sales recorded in…

Niagara Association of REALTORS® November Market Report

December 9, 2014, Niagara - The Niagara Association of REALTORS® (NAR) reported 527 property sales processed through the NAR Multiple Listing Service (MLS®) system in November. This represents an increase of 24% in sales over November of last year. The residential average sale price of $256,267 was 9.3% higher than last November. The average days…

October home sales in Pelham jumped significantly over last year’s results with 15 units reported sold – more than double the total of 7 transactions recorded in October 2013. Year-to-date totals continue to outpace our 2013 level and remain well ahead of Pelham’s 5-year average. According to the MLS statistics of the Niagara Association of…

AUGUST Market Update – Niagara Housing Sales UP 9.6%

It has been an active summer for real estate sales across the Niagara Region with 584 residential unit sales reported during the month of August in the communities serviced by the Niagara Association of REALTORS®. This figure reflects a gain of 9.6% over last August’s total of 533 transactions. Pelham home sales continued to climb…

It has been an active summer for real estate sales across the Niagara Region with 702 unit sales reported during the month of July in the communities serviced by the Niagara Association of REALTORS®. This figure represents an impressive gain of 23% over last July’s total of 570 transactions. In Pelham, local home sales jumped…

JUNE 2014 Update: Local home sales continued at a steady pace in June. The Niagara Association of REALTORS® reported 32 residential transactions in Pelham during the past month– up 28% from the total of 25 sales recorded in June 2013. At the halfway point of the year total sales have reached 126 units representing a 2.4%…

First Quarter Home Sales Edge Down in Pelham

Unit sales of residential properties in Pelham dropped 14% 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 43 sales in Pelham so far this year down from the total of 50 sales reported during January-March…

The Niagara Association of REALTORS® (NAR) reported 486 property sales processed through the NAR Multiple Listing Service (MLS®) system in March. This represents a 7.60 per cent decrease in sales over March of last year. The residential average sale price of $245,413 was 8.37 per cent higher than last March. The average days on market…

The Spring Market has arrived early in Pelham this year. Local home buyers are not letting the cold weather slow down their house shopping plans. According to the MLS statistics of the Niagara Association of REALTORS® there were 26 residential sales reported in Pelham during January and February of this year – up 13% compared…

Niagara Association of REALTORS® February Market Report

March 11, 2014, Niagara - The Niagara Association of REALTORS® (NAR) reported 414 property sales processed through the NAR Multiple Listing Service (MLS®) system in February. This represents a 16.29 per cent increase in sales over February of last year. The residential average sale price of $233,101 was 0.38 per cent higher than last February.…

It’s a Happy New Year for Local Home Sales

The housing market is off to a brisk start despite the extreme winter weather conditions that we have been experiencing in our local area. According to Multiple Listing Service (MLS®) statistics of the Niagara Association of Realtors there were 15 residential transactions reported in Pelham this January compared to 11 last year - a 36%…

Local Housing Sales Predicted to Climb Onward & Upward in 2014

Our local housing market is entering into the new year in solid shape, with predictions of another positive year of growth on the horizon. Residential sales in Pelham reached 215, a healthy 2.87% increase over the total of 209 recorded in 2012. It is the surging average price growth in our community that is the…

Average Price in Pelham Jumps 8.4% in 2013

The Pelham housing market is entering into the new year in solid shape, with predictions of another positive year of growth on the horizon. During 2013 residential sales in Pelham reached a total of 215 transactions, a healthy 2.87% increase over the total of 209 recorded in 2012. It is the surging average price growth…

Average Price in Welland Edges Down Slightly in 2013

Preliminary year-end results for the City of Welland indicate that sales activity dropped 7.1% in 2013. The Rose City’s 12-month average price of $185,620 slipped marginally from last year's year-end tally of $186,025. In total, there were 681 residential sales reported in Welland during the year compared to 738 transactions recorded in 2012. The average…

St. Catharines Real Estate Market Poised for Further Growth in 2014

Activity in St. Catharines’ real estate market continued at a steady clip in 2013, despite some softening over the summer months on the heels of a healthy spring market. Buyers regained enthusiasm into the fall and through the final quarter of the year, with sales expected to end the year at 2,700 units—three per cent…

November Market Update – Pelham, Welland & Niagara

Market Rallies in Pelham - UP 3.5% During November total sales for the month in Pelham jumped well ahead of last year and year to date sales climbed 3.5% above 2012 results. According to the MLS® sales reports of the Niagara Association of REALTORS® there were 15 homes sold in Pelham during the month of…

As we head into the home stretch of the year we thought it would be a good time to do a quick pulse check of local market stats: Total NIAGARA Residential Sales January 1 - November 30th, 2013: 5,935 Total NIAGARA Residential Sales January 1 - November 30th, 2012: 5,958 % CHANGE: -0.4% NIAGARA AVERAGE…

Pelham residential home sales dropped off significantly this past month with 7 transactions recorded this year compared to 15 in October 2012. Year-to-Date Total Sales Level Still at 5-Year High Despite a slow showing for October, total sales so far this year continue to outpace our 2012 level and remains ahead of Pelham’s 5-year average.…

The long and short answer is "It depends". There are multiple factors that will impact how we answer this question: (1) Location: According to the most recent MLS® system reports of the Niagara Association of REALTORS® it currently takes 70 days on average for a home to sell in the Welland and Pelham Area. Take…

Local Third Quarter Results in a Nutshell

Pelham Home Sales DOWN 27% in Third Quarter The Pelham local market is showing signs of deceleration following a banner first half of the year. According to the MLS statistics of the Niagara Association of Realtors there were 44 residential sales reported in Pelham during the Third Quarter - down 27% from the 60 transactions…

Here's a quick look at how tight the listing inventory situation is in Niagara compared to past years.

We can expect continued price growth into the final stretch of the year provided the demand for housing keeps outpacing the rate of inventory growth.

Category Archives: Real Estate Market Update

Niagara Home Sales UP 7% – Average Price UP 5.6%

Niagara Real Estate Market Report – February 2015

Niagara House Prices up 5%! …Pelham Jumps 9.5% Welland 6.2%

A Good Year for Local Real Estate – 2014 Market Review

Local Market Strong Entering the Home Stretch

Niagara Association of REALTORS® November Market Report

Local Home Sales UP Year-to-Date

AUGUST Market Update – Niagara Housing Sales UP 9.6%

Niagara Market on the Rise

It’s a Hot Summer Market!

First Quarter Home Sales Edge Down in Pelham

March Home Sales Down in Niagara

Niagara Home Sales off to Brisk Start

Niagara Association of REALTORS® February Market Report

It’s a Happy New Year for Local Home Sales

Local Housing Sales Predicted to Climb Onward & Upward in 2014

Average Price in Pelham Jumps 8.4% in 2013

Average Price in Welland Edges Down Slightly in 2013

St. Catharines Real Estate Market Poised for Further Growth in 2014

November Market Update – Pelham, Welland & Niagara

A CLOSE-UP LOOK at Niagara Home Sales

Local Home Sales Sluggish in October

How Long Does it Take to Sell a Home?

Local Third Quarter Results in a Nutshell

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