Monthly Archives December 2018

November 2018 Residential Market Statistics

November 2018 Residential Market Statistics November 2018 Residential Statistics are in! On average, unit sales are down across the Niagara and Hamilton regions, but prices have risen ever-so slightly. With 3.3 months of inventory, we are nearing a balanced market. St Catharines had a 10.9% decrease in unit sales and a 6.3% increase in average sale price. Niagara on the Lake, Niagara Falls, Thorold, Pelham, Welland, Port Colborne, Lincoln, West Lincoln, Dunnville, Hamilton, Ancaster and Stoney Creek all had a decrease in unit sales, but increase in average sale price. Fort Erie and Grimsby saw an increase in both unit
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Carriage Trade Luxury Market Report

                                                     ROYAL LEPAGE NRC REALTY CARRIAGE TRADE UPDATE   The Luxury Carriage Trade Real Estate Market In 2018 Carriage Trade Luxury transactions ($750,000+) dropped 22% year over year across the 14 area real estate markets.  The Non-Resident speculation tax, tougher mortgage/financing regulations, and overall slowdown in most markets have had a direct impact.  An increase in inventory has also provided luxury home buyers with more options in 2018. As we enter 2019 we expect this trend to continue in a balanced to buyers market.
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