Real Estate Market Trends and Average Listings Price in St. Catharines in February

St. Catharines Real Estate Market
The real estate market of St. Catharines embodies a tapestry of diversity, each segment painting a unique picture. While homes flourish in valuation, townhomes and condos navigate subtle shifts, presenting captivating prospects for potential buyers and investors. Understanding these trends unveils opportunities and helps individuals make informed decisions in their pursuit of the perfect property.

1. Listings on the Market:
Imagine browsing through different options, seeking that perfect place to call home. Currently, there are 439 listings available for homes in St. Catherines real estate market, showcasing a spectrum of possibilities. Meanwhile, townhomes offer a more intimate selection with 41 listings, providing a focused alternative for those inclined toward communal living. For individuals leaning toward the urban vibe, the condo market boasts healthy 164 active listings that present in St. Catharines’ diverse condominium living options.

2. Average Listing Price in February:
The numbers tell an intriguing story of valuation. Homes command an average listing price of $648,455, marking a 1.59% increase in recent times. Contrastingly, townhomes exhibit a slight -0.41% decrease with an average listing price of $726,426. The condo market showcases a notable -6.12% decrease in the average listing price, positioning itself as an enticing prospect with an average price of $537,418.

3. Change in Average Listing Price:
The dynamics of pricing trends often reflect the market’s temperament. Homes exhibit a promising 1.59% increase in the average listing price, indicating a growing value perception. Meanwhile, townhomes and condos show varied trends with marginal declines, indicating potential adjustments in these markets.

4. Average SOLD Price in February:
The actual selling price paints an intriguing picture. Homes boast an average sold price of $650,000, marking a 3.00% increase in value. Conversely, townhomes experienced a -3.97% decrease with an average sold price of $739,147. Condos follow suit with a -1.67% decrease in the average sold price, settling at $543,000.

5. Change in Average SOLD Price:
Despite fluctuations, homes depict a 3.00% increase in the average sold price, highlighting a positive trend in property valuation. Meanwhile, townhomes and condos have observed slight declines, reflecting nuanced shifts in these segments.

Homes, the quintessential abode, continue to attract attention with their escalating value, enticing buyers seeking stability and appreciation. Townhomes, often emblematic of community living, present an interesting paradigm with subtle price adjustments, potentially catering to a different audience.

Inventory & SOLD Statistics:
In the realm of transactions, the last 30 days have seen an influx of new listings. Homes witnessed 316 new listings, with 155 properties sold at a commendable selling-to-listing price ratio of 102.0%. Townhomes, with 87 new listings and 39 properties sold, demonstrate a balanced market condition with a 99.0% selling-to-listing price ratio. Condos, thriving with 271 new listings and 122 properties sold, boast a 101.3% selling-to-listing price ratio.

Navigating the real estate market of St. Catharines isn’t just about numbers; it’s about understanding the stories they tell and making informed decisions. Whether you’re seeking stability, communal living, or an urban haven, these market dynamics offer a glimpse into the evolving tapestry of real estate options.

St. Catharines Homes For Sale