How did the NIAGARA January 2019 real estate market perform?
The above infographic compares to the same month for this and previous years. It’s a snap shot but doesn’t tell the whole story! For a better understanding, look at data plotted below.
- The top plots are for fully detached homes, with average sale price on the left plot and the number of units sold on the right.
- The plots on the bottom show the performance of all other residential or “non-detached” properties.
Fully Detached Homes
- Average Price… Niagara continues to remain healthy and starts off 2019 with good strong pricing!
- Number of Sales We’re still a bit soft, but it’s too early to know for sure. Based on past performance and other markets settling out but remaining healthy we still expect this to pick up a bit for 2019’s spring market.
Non-Detached Homes (Semi, Towns, Condo Apartments)
- Average Price – Like detached homes, value has not been lost in Niagara, and in fact has trended to a strong price beginning in 2019!
- Number of Sales has started strong, and continues to be a great place to buy and sell!
Prices in Niagara are stable and improving. Great time to buy a home in Niagara! 2019 should prove to further improve the values in Niagara.
As always, this varies between specific areas and types of property, so if you really want to know what’s going on in your area, please contact me!
UNDERSTAND YOUR HOME’S VALUE
Knowing the actual value of your home in a quick moving market is not always easy…
- What were the factual sale prices of properties similar to yours?
- How do various differences impact the value?
- What is the market doing to your neighbourhood’s value?
It’s what we do, use our resources and experience to get detailed answers related to your home specifically. Please fill in the questions below to receive a detailed evaluation of your property. I do this personally for you using my knowledge and experience combined with factual data from your neighbourhood.
Or if you prefer, call me directly at 905-827-6606! I’d be delighted to hear from you….
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