Niagara-on-the-Lake Real Estate Statistics

Niagara-on-the-Lake Real Estate Price Trend
Niagara-on-the-Lake real estate average sold price in the last 30 days (November 1 - November 30) was $1,145,000, which is $12,500 (1.1 %) lower than the average price of $1,157,500 in the previous 30 day period (October 2 - October 31), and $387,550 (33.8 %) up from the same period 1 year ago ($757,450). Niagara-on-the-Lake real estate prices over the last 30 days are also $182,167 (15.9 %) lower than the average selling price of $1,327,167 over the past year.
Niagara-on-the-Lake average sold price for homes was $1,214,000 in the last 30 days (November 1 - November 30), which is $5,667 (0.5 %) up from the average home price of $1,208,333 in the previous 30 day period (October 2 - October 31), and $456,550 (37.6 %) higher than the same period 1 year ago ($757,450). In the last 30 days Niagara-on-the-Lake the average home price was $165,360 (13.6 %) lower than the average selling price of $1,379,360 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Niagara-on-the-Lake real estate was $1,145,000 in the last 30 days (November 1 - November 30), which is collectively $93,131 (6.2 %) lower than the average asking price of $1,508,107. This represents a decline of $26,352 (39.5 %) compared to $66,779 (4.4 %) Sold-Under-Asking price from the previous 30 day period (October 2 - October 31).
The maximum Sold Over/Under Asking ratio in Niagara-on-the-Lake during the last 12 months was recorded in July, 2022 with an average of $1,130,387 over the asking price, while the minimum occurring in November, 2022 with $93,131 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Niagara-on-the-Lake was 31.6 % with 6 properties sold and 22 new properties listed in the past 30 days (November 1 - November 30). This represents a decrease from 45.5 % recorded during the previous 30 day period (October 2 - October 31), and an increase from 9.5 % compared to the same period one year ago.
Over the the last year the highest SNLR in Niagara-on-the-Lake was 125.0 % recorded in January and the lowest was in December at 16.7 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 6 properties that were successfully sold in Niagara-on-the-Lake in the last 30 days (November 1 - November 30) was 41 days, which is 10 days less than 51 days average in the previous 30 day period (October 2 - October 31) and 8 days shorter than during the same period a year ago (49 days).
There were 23 delisted properties in Niagara-on-the-Lake, those that got either Expired, Suspended or Terminated over the last 30 days (November 1 - November 30) with an average of 140 days on the market. This is 64 days longer than the average of 76 days during the previous 30 day period (October 2 - October 31) and 38 days more compared to the same period last year average of 102 days on the market.
23 Niagara-on-the-Lake properties that didn't sell stayed on the market 241.5 % longer than 6 that sucessfully sold over the last 30 days - 41 days when sold vs 140 days when delisted respectively.
Average Days on the Market in Niagara-on-the-Lake over the past 12 months for properties that have sold was 31.2 days, with 73.5 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
19 new properties were listed on the market in Niagara-on-the-Lake in the last 30 days (November 1 - November 30). During the same time 6 properties were sold and 23 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 10 properties (or 52.6 %).
During the previous 30 day period (October 2 - October 31) there were 22 new properties listed, 10 sold and 25 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was June with 30 new properties listed, the slowest - December with 6 new listings and a yearly average of 22 new listings per month.
New Real Estate Listings by Property Type
There were a total of 17 homes listed during the last 30 days (November 1 - November 30), which is 89.5 % of all properties listed in Niagara-on-the-Lake. This is a 15.0 % decline compared with a previous 30 day period (October 2 - October 31) and 5.6 % down from the same period a year ago. Over the past year an average of 20 homes are were listed per month.
2 townhomes were listed over the last 30 days (November 1 - November 30) in Niagara-on-the-Lake, which is 10.5 % of all new real estate inventory. This is a 0.0 % less than during the previous 30 day period (October 2 - October 31) and 0.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 3 a month.
Real Estate Sales by Property Type
There were a total of 5 homes sold during the last 30 days (November 1 - November 30), which is 83.3 % of all properties sold in Niagara-on-the-Lake. This is a 44.4 % decline compared with a previous 30 day period (October 2 - October 31) and 150.0 % up from the same period a year ago. Over the past year an average of 10 homes are were sold per month.
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