Archives for Real Estate News

July 2018 Residential Statistics

July 2018 Residential Statistics Check out this June’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.6 months of supply in Niagara + Dunnville, and 2.8 months of supply in Hamilton, Stoney Creek and Ancaster, we are heading towards a Balanced Market. St Catharines average sale price rose 7.7% and unit sales fell 17.4%. Niagara on the Lake saw a 42.8% drop in unit sales, and a -3.8% increase in average sale price. Niagara Falls’ average sale price rose 0.9% and unit sales fell 19.9%. Fort Erie had a
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June 2018 Residential Statistics

June 2018 Residential Statistics Check out this June’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 2.9 months of supply in Niagara + Dunnville, and 2.4 months of supply in Hamilton, Stoney Creek and Ancaster, we are heading towards a Balanced Market. St Catharines average sale price rose 5.1% and unit sales fell 19.6%. Niagara on the Lake saw a 47.1% drop in unit sales, and a 0.2 % increase in average sale price. Niagara Falls’ average sale price decreased 0.1% and unit sales fell 19.3%. Fort Erie had
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May 2018 Residential Statistics

May 2018 Residential Statistics Check out this May’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.6 months of supply in Niagara + Dunnville, and 2.8 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market. St Catharines average sale price rose 5.1% and unit sales fell 21.3%. Niagara on the Lake saw a 52.2% drop in unit sales, and a 3.2% decrease in average sale price. Niagara Falls’ average sale price decreased 0.6% and unit sales fell 20.1%. Fort Erie had a
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April 2018 Residential Statistics

April 2018 Residential Statistics Check out this April’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.2 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 5.5% and unit sales fell 23.5%. Niagara on theLake saw a 51.5% drop in unit sales, and a 1.2% decrease in average sale price. Niagara Falls’ average sale price increased 1.2% and unit sales fell 26.3%. Fort Erie had a 26.3%
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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
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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
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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%.
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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’
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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
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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
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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%    
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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  
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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
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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
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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
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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
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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  
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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.”
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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
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