Niagara Falls Homes:
Niagara Falls Homes represents an oasis of luxury living, where contemporary elegance meets natural beauty. With an impressive array of home designs, exceptional features, and top-tier amenities, these residences offer an unparalleled living experience. The commitment to quality and the integration of modern living with the environment make Falls Homes a prime choice for homebuyers seeking both comfort and luxury.
September 2023 outlook:
Niagara Falls’s housing market is somewhat competitive.
The median sale price of a home in Niagara Falls was $149K last month, up 25.2% since last year. The median sale price per square foot in Niagara Falls is $129, up 16.7% since last year.
Homes in Niagara Falls sold for a median price of $149K in June 2023, a 25.2% increase over the previous year. As opposed to the previous year, properties in Niagara Falls now sell on average after 16 days on the market. In June of this year, 57 residences were sold, compared to 76 in June of the previous year.
According to real estate officials, the Niagara region’s stats are solid and leaning towards a buyer’s market while several real estate markets around the nation struggle with a shortage of home inventory.
According to a report by the online real estate company Zoocasa, some markets in Canada are leaning more toward a buyer’s market because there is more available housing than there are potential buyers, even though the country has the lowest housing inventory of any market, with only 1.8 months of supply.
With a sales-to-new-listings ratio (SNLR) of 42%, a nearly 50% decrease year over year from 2022, Niagara topped the list as one of the finest markets in Canada, demonstrating the region’s balanced market.
Homes:
PROPERTY DESCRIPTION:
4171 GLENAYR AVENUE ($729,000)
Prime Location Alert! This home is nestled in one of Niagara’s most desirable mature North End neighborhoods. With charming tree-lined streets and cozy side yards, you’ll have a comfortable amount of space between neighbors. Plus, it backs directly onto a park and tennis courts, offering a clear view to keep an eye on your children from your windows. While this all-brick spacious family home is well-built, it could use a bit of TLC. The main floor features a family room with new flooring and patio doors leading to the rear yard. A welcoming entry hall greets your guests, and the spacious bedrooms are thoughtfully situated upstairs, away from the entertaining areas.
PROPERTY DESCRIPTION:
8945 EMILY BLVD ($1,525,000)
Introducing Forestview Estates! This is a sought-after, new neighborhood in Niagara Falls. It’s conveniently close to shopping centers and big-box stores like Costco and Walmart. The Q.E.W. Hwy is also just a short distance away. Built by Eric Wiens Construction Limited, one of the most respected custom home builders in the Niagara Region, this home is less than 2 years old. It boasts modern, luxurious finishes that are sure to impress, including a striking 2-story fireplace mantel, a spacious kitchen island, granite countertops, and a walk-in pantry. With over 3900 square feet of living space, this home offers 6 bedrooms and 4 FULL bathrooms! The Primary bedroom is impressively large with a spacious walk-in closet (10’x9’2″) and an ensuite (19’2″x7′). There’s also a convenient main floor laundry.
Real Estate Market Outlook of Niagara Falls September 2023
Share
