Thorold Real Estate Report - October 2021

Thorold October Home Price Index Hits $737,348

Based on statistcs for October 2021 from the MLS Niagara Real Estate Board, the Home Price Index reached $737,348 for residential property in Thorold. The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price for the Niagara Region was $679,400 in October This was an increase of 33.5% compared to October 2020 and 3.3% compared to September of 2021. The characteristics of the HPI composite benchmark is a home between the age of 51 to 99 with three bedrooms and two bathrooms.

The Thorold Real Estate Report also shows 27 sales and 28 listings in October. On average, a residential property in Thorold was on the market for 19 days, based on the MLS statistics

The current real estate market continues to be hot with all indications that it will continue into 2022

Serge Carpinio, Broker, Canal City Realty

Buyer demand is still high and with so few homes available, Sellers who list their homes this Fall will likely have a tremendous advantage also know as leverage, according to a media release circulated by the Niagara Association of REALTORS®

The group suggests buyers want to buy before prices go even higher, they want to buy before interest rates rise, and in the likely event of having to compete with other Offers, they want their Offer accepted.
These three Buyer needs give homeowners a leg up when selling their house. Seller might already realize this leverage enables them to sell at a good price, but it also means they can negotiate the best terms to suit your needs.

Whether buying or selling, Canal City Realty is here to help as the only realtor based in Thorold. We offer local market knowledge, and the answers to questions. For people in Thorold and those looking to move to our community, we are ready to assist in all stages of the buying and selling process including a free home evaluation.

Adam Carpino,and Serge Carpino, Canal City Realty

For asssistance on your Thorold real estate questions, contact Canal City Realty at 905-227-5533 or go to their website.