Niagara Housing Stats from 2019!
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The Niagara region saw yet another gain in price in 2019. The region as a whole was up 13% with an average home price of $459,394.
The outlook for 2020 looks very positive again. Unit sales and average price will show the plus sign throughout most of the year.
Lower to mid range price points are getting most of the attention. Anything in and around $300,000 will be the most competitive with investors from out of town. This sector saw about a 35-40% of buyers from out of town in 2019.
The Niagara region also saw huge growth in the luxury market in 2019 with record sales over the $1,000,000 mark. The Niagara region sold 146 homes over the million dollar mark these homes averaged 3000 sqft in size.
The other important stat to talk about is the Unit sales, this again was up 4% from 2018.
So all in all we had an amazing year of growth here in Niagara and 2020 looks like it is shaping up to be another great year! We are seeing many cranes in the air building some awesome projects as we start 2020.
If you would like more information about the statistics of your area or the value of your home, please reach out anytime.
Happy New Year!
