AUGUST 2022 V 2021 Monthly Market Report
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2021

Here are the stats for an unbelievable year- 2021! It's important to know the true market dynamics behind the data and that's where a professional and knowledgeable Realtor comes into the equation. Reach out to one of us via email, phone, text, any way you choose. Is it the right time to buy or sell? Let's chat.

Niagara Region

A year like no other. 2021 set a historical record for the largest percentage in price increase EVER.

# Of Sales

10,049 (+15%)

Avg. Sale Price

$709,000 (+28%)

Days on Market

21 (-51%)

St. Catharines

The number of homes being offered for sale plays a huge role in our local market. 2021 saw the 2nd lowest amount of new listings in the last 5 years.

# Of Sales

2553 (+15%)

Avg. Sale Price

$642,000 (+29%)

Days on Market

17 (-43%)

Niagara Falls

While no one is anticipating 2022 to mirror 2021; keep your eyes on inventory levels, unless the number of homes on the market increases to pair with Buyer demand we'll be in for another competitive market with further price growth.

# Of Sales

1911 (+18%)

Avg. Sale Price

$665,000 (+29%)

Days on Market

21 (-49%)

Niagara On The Lake

NOTL has always been associated with being the highest price point in Niagara. In 2021 the million-plus market reached 50% of all sales in NOTL.

# Of Sales

488 (+7%)

Avg. Sale Price

$1,141,000 (+18%)

Days on Market

53 (-42%)

Thorold

Showing constant growth in new home construction, Thorold is one to watch. The increase of nearly $200,000 over 2020 is largely tied to the increased volume and turnover of newer real estate, quite often sold by investors. 

# Of Sales

609 (+14%)

Avg. Sale Price

$653,000 (+30%)

Days on Market

22 (-56%)

Welland

Still the most affordable area in the Niagara region, this area will no doubt see an increase in investors.  

# Of Sales

1209 (+17%)

Avg. Sale Price

$590,000 (+31%)

Days on Market

15 (-56%)

Fonthill|Pelham

The supply of new homes in Fonthill has definitely been a driver in the overall real estate picture. Take a drive through Fonthill and you'll immediately see the changes.

# Of Sales

371 (-1%)

Avg. Sale Price

$921,000 (+22%)

Days on Market

24 (-60%)

Lincoln

We're keeping an eye on trends in this area; Lincoln is showing some signs of returning to "normal" over the last 6 months. It will be interesting to see what shapes up in the first half of 2022. 

# Of Sales

495 (+16%)

Avg. Sale Price

$839,000 (+28%)

Days on Market

18 (-44%)

Fort Erie

The number of new listings hitting the market hasn't kept up with the demand; while there is a notable increase in new listings the number of buyers continues to outpace and this trend is a recipe for a tightening market and increased prices. 

# Of Sales

967(+16%)

Avg. Sale Price

$688,000 (+31%)

Days on Market

31 (-54%)

Port Colborne|Wainfleet

If you're looking for an example of how much the market has changed, look no further than Port Colborne & Wainfleet over the last 2 years. This market has tightened right up! 

# Of Sales

515 (+14%)

Avg. Sale Price

$648,000 (+28%)

Days on Market

19 (-66%)

Grimsby

Million-dollar homes have increased in the Niagara Region significantly; 2021 had more million-plus sales than the previous decade by 34 sales!

# Of Sales

718 (-14%)

Avg. Sale Price

$866,000 (+28%)

Days on Market

13 (-55%)

My head hurts

We know it's a lot of data to process in a quick read. Please, don't hesitate to reach out and we can talk about it.

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