2017 IS OFF AND RUNNING
2017 is continuing where 2016 left off. Listings are down 9%, unit sales up 14%, and sale prices up 28% for the first three months of the year.
1681 Detached and 427 Attached represent the total of 2108 residential sales in the area. The average days on market is just over 1 month. Both new and resale homes are in short supply.
Sale of Carriage Trade Luxury properties (500K+) increased 111% compared to the first quarter of 2016 representing 387 sales.
Niagara, Haldimand, and Hamilton are experiencing significant demand and growth. Lifestyle, infrastructure, transportation, and still very affordable real estate are all contributing factors.
As we head into the spring market we expect more inventory to hit the local market.
Professional Advice is only a call away, contact me for a detailed market analysis, home evaluation, or buyer consultation.