Uncategorized 24 May 2023

Niagara Real Estate Market Series (Part 1 of 3)

 

You might ask, “How is Niagara real estate fairing with the arrival of the spring market?”

As of this writing, we have monthly statistics to the end of March. So as you’ll notice from the chart below, all municipalities in the region have shown price increases except two: Grimsby with a slight reduction from the previous month of -.34% and Lincoln at -1.1%.
In all other markets increases range from as little as .4% to as high as 6.9%; the two highest increases being in Port Colborne with 6.9% and Fort Erie with 6.8%. This is reflective of these municipalities having the lowest benchmark price of $515,800 and $521,300 respectively. See chart below.