March 2018 Regional Residential Statistics

March 2018 Regional Residential Statistics   Check out this March’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.1 months of supply in Niagara + Dunnville, and 2.4 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market.   St Catharines average sale price rose 7.5% and unit sales fell 22.4%. Niagara on the Lake saw a 54.2% drop in unit sales, but a 2.2% increase in average sale price. Niagara Falls’ average sale price increased 3.3% and unit sales fell 25.9%. Fort
Read More

February 2018 Regional Residential Statistics

February 2018 Regional Residential Statistics   Check out this February Residential Market Statistics, 12 Month Trend by Market. Regional sales are down, but average sale prices are up across the board. With 3 months of supply in Niagara + Dunnville, and 2.3 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market.   St Catharines average sale price rose 9.5% and unit sales fell 20.5%. Niagara on the Lake saw a 45.2% drop in unit sales, but a 6.2% increase in average sale price. Niagara Falls’ average sale price increased 6.3% and unit sales
Read More

January 2018 Regional Residential Statistics

January 2018 Regional Residential Statistics   Check out this January’s Residential Market Statistics, and Month Trend by Market. Regional unit sales are down but average sale prices are up! With 3.5 months of supply in Niagara + Dunnville, and 2.6 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a seller’s market.   St Catharines average sale price rose 11.3% and unit sales fell 23.0%. Niagara on the Lake saw a 60.0% drop in unit sales, and a 33.5% drop in average sale price. Niagara Falls’ average sale price increased 5.7% and unit sales fell 13.7%.
Read More

December 2017 Regional Residential Statistics

December 2017 Regional Residential Statistics Check out this December’s Residential Market Statistics, 12 Month Trend by Market, and our year-end 10 Year Trend by Market. Regional unit sales are down, but average sale prices are up across the board. With 2 months of supply in Niagara + Dunnville, and 1.5 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market.   St Catharines average sale price rose 21.8% and unit sales fell 9.9%. Niagara on the Lake saw a 19.0% drop in unit sales, but a 29.7% increase in average sale price. Niagara Falls’
Read More

November 2017 Regional Residential Statistics

November 2017 Regional Residential Statistics Check out this November’s Regional Residential Statistics, RLP Market Updates, and Monthly Trend by Market. Year to date, unit sales are down 13.2% across the region, but average sales price rose 20.2%. With 2.4 months of supply, we are heading back into a balanced market.      Niagara on the Lake’s average sale price soared to 29.9% YTD, while unit sales fell 19.6%.      Niagara Falls saw a 22.7% decrease in unit sales, and a 16.4% increase in average sale price.      Fort Erie’s average sale price rose 27.3%, and unit sales fell
Read More

October 2017 Regional Residential Statistics

October 2017 Regional Residential Statistics Check out this October’s Regional Residential Statistics, RLP Market Update, and Monthly Trend By Market. Regional sales are down 12.8%, but average sales prices across the region have increased 22.8%. With 2.2 months of supply, we are heading back into a balanced market.      St Catharines’ average sale price rose to 23.9% year-to-date, and total unit sales fell 7.8%      Niagara-on-the-lake saw a -18% decrease in unit sales, but a 30.9% increase in average sale price.      Niagara Falls unit sales decreased 22.7%, but overall sales price increased 15.9%      Thorold
Read More

September 2017 Regional Residential Statistics

September 2017 Regional Residential Statistics Check out this September’s Regional Residential Statistics, RLP Market Update, and Regional Update Residential Stats. Regional sales are down 16%, but average sales prices across the region have increased 24%. With 2.6 months of supply, we are heading back into a balanced market.      St Catharines’ average sale price soared to 33.5% year-to-date, and total unit sales only fell 5.7%      Niagara-on-the-lake saw a -16.7% decrease in unit sales, but a 33% increase in average sale price.      Niagara Falls unit sales decreased 23.3%, but overall sales price increased 17.1%    
Read More

July 2017 Regional Residential Statistics

Check out this July’s Regional Residential Statistics,, RLP Market Update and, Regional Update Residential Stats   Residential Stats July 2017 RLP Market Update July 2017 July Facebook Info  
Read More

June 2017 Regional Residential Statistics

Check out this June’s Regional Residential Statistics,, RLP Market Update and, Regional Update Residential Stats June Facebook Info Residential Stats June 2017 RLP Market Update June 2017
Read More

Royal LePage Regional Update – May 2017

1419 residential properties were listed in May 2017 representing an increase of 30% over April.  Unit Sales are not slowing down as we head into summer months, up 15.6% over last month and closely inline with 2016 year to date figures.  The average sale price is currently $408,449 or an increase of 30% over the same period last year.  1131 listings remained active at the end of May which represents 1.4 months of inventory based on current demand.  We are still very much in a Sellers’ Market however the increase in inventory and average sale prices holding firm month to
Read More

April 2017 Regional Residential Statistics

Check out this April’s Regional Residential Statistics, RLP Market Update and Regional Update Residential Stats Residential Stats April 2017 RLP Market Update April 2017 April Facebook Info
Read More

February 2017 Regional Residential Statistics

Check out this February’s Regional Residential Statistics Residential Stats February 2017 RLP Market Update and 2017 February Regional Update Residential Stats Feb 2017 RLP Market Update FEB 2017 February Facebook Info
Read More

December 2016 Regional Residential Statistics

Check out the year end 2016 Regional Residential Statistics, Year End 2016 Regional Residential MLS Sales, December 2016 Regional Residential Market Update, along with inventory and sales trends for the year. Residential Stats 2016 RLP Market Update DEC 2016 Months Of Inventory Trend 2016 Residential Average Sale Price Trend 2016 Residential Unit Sales Trend 2016  
Read More

All in the Family Spotlight

Royal LePage Niagara Real Estate Centre Brokerage Spence / Johnstone family brokerage has built a solid reputation for helping its clients and its community. BY SCOTT LESLIE Margie Spence is the president at the Royal LePage Niagara Real Estate Centre Brokerage―an award-winning family firm serving the greater Niagara, Hamilton and Haldimand areas. In her three plus decades in the real estate business, the industry has undergone tremendous changes. But there`s one thing that`s never changed for Margie.  “When people ask me, I tell them I`ve always had a passion for real estate,” she says. “I can`t imagine doing anything else.”
Read More

CEO Tim Hudak visits Royal LePage Niagara

  Ontario Real Estate Association – CEO Designate Tim Hudak met with Brad Johnstone, Ryan Johnstone and Barb Sukkau at our offices in St. Catharines today to have a chat about issues that matter to Ontario Realtors. After thanking Tim for the work they are doing increasing  the Land Transfer Tax Rebate for first time home buyers, we also spoke about OREA’s plans moving forward on Personal Real Estate Incorporation, RECO’s discipline process, communication with members and professionalism in general. It was a great meeting and we wish Tim Hudak much success as he takes over the role as CEO
Read More

August 2016 Regional Residential Statistics

August Residential Sales Up Over August of 2015 August 2016 Regional Residential MLS Sales August Regional Residential Market Update August 2016 Regional Residential Infographic The summer market has continued to be a very busy one with sales exceeding last August by 20%. The average sale price for single family homes in the Region for the year was $323,616 up 9.6% over 2015 for the same timeframe. While sales were down 5% from July the average sale price for August was $344,233 an increase of 5% Over the July average sale price of $321,212. Inventory levels are still low which is
Read More

Royal LePage Gives Back

Royal LePage Gives Back Royal LePage Niagara Real Estate sales representatives from across the Region filled laundry hampers with much need household and children’s items to be given to clients leaving the Women’s Shelters to embark on their new lives. Approximately 175 Hampers of Hope were collected on August 18th along with donations of $1,200 cash – all delivered directly to Women’s Shelters in Beamsville, Welland, Niagara Falls and St. Catharines the next day. Royal LePage’s national Charity – The Shelter Foundation – is 100% funded and administered by Royal LePage Canada, with 100% of all donations going directly to
Read More

July 2016 Regional Residential Statistics

Sellers Market Continues for July July 2016 Regional Residential MLS Sales July 2016 Regional Residential Market Update July 2016 Regional Residential Infographic The July sales for Single Family Residential homes were 21% higher than last July but 12% below the sales activity for June. The average sale price year to date was $321,212 up 14.5% over 2015. And sales exceeded last year by 21%. We are still in a strong sellers market with the sales to listings ratio ranging from 75% to a high of 135% in the districts within the region. Inventory levels are still low compared to the demand resulting in
Read More

May 2016 Regional Residential Statistics

Rising Prices, Brisk Sales have resulted in a very HOT market for the month of May. May 2016 Regional Residential MLS Sales May 2016 Regional Residential Market Update May 2016 Regional Residential Infographic The average sale price for a single family residential home was $329,105 for the month compared to April at $317,322.  Year to date 2016 reported a $315,645 average sale price versus $273,853 for the same period in 2015 an increase of 15.3%.  Sales activity has continued to rise with May exceeding April by 10% & year to date we were above last year by 23%.  There were
Read More