Fort Erie Real Estate Statistics

Fort Erie real estate average sold price in the last 30 days (March 23 - April 21) was $671,802, which is $3,841 (0.6%) higher than the average price of $667,961 in the previous 30 day period (February 22 - March 22), and $2,399 (0.4%) up from the same period 1 year ago ($669,403). Fort Erie real estate prices over the last 30 days are also $61,460 (9.1%) higher than the average selling price of $610,342 over the past year.

Fort Erie average sold price for homes was $666,500 in the last 30 days (March 23 - April 21), which is $12,097 (1.8%) up from the average home price of $654,403 in the previous 30 day period (February 22 - March 22), and $12,428 (1.9%) lower than the same period 1 year ago ($678,928). In the last 30 days Fort Erie the average home price was $55,897 (8.4%) higher than the average selling price of $610,603 over the last 12 months.

Average sold price of Fort Erie townhouse was $727,475 in the last 30 days (March 23 - April 21), down $157,425 (21.6%) from the average townhome price of $884,900 over the previous 30 days (February 22 - March 22), and $146,975 (20.2%) higher than during to the same period 1 year ago ($580,500). Over the last 30 days the average townhouse price in Fort Erie was $163,163 (22.4%) higher compared to the average selling price of $564,312 over the last 12 months.

Average selling price for Fort Erie real estate was $671,802 in the last 30 days (March 23 - April 21), which is collectively $15,104 (2.2%) lower than the average asking price of $698,486. This represents an increase of $3,119 (17.1%) compared to $18,223 (2.5%) Sold-Under-Asking price from the previous 30 day period (February 22 - March 22).

The maximum Sold Over/Under Asking ratio in Fort Erie during the last 12 months was recorded in July, 2023 with an average of $12,917 under the asking price, while the minimum occurring in August, 2023 with $27,961 below the asking price.

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 Fort Erie was 62.2% with 46 properties sold and 78 new properties listed in the past 30 days (March 23 - April 21). This represents an increase from 43.6% recorded during the previous 30 day period (February 22 - March 22), and an increase from 51.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Fort Erie was 100.0% recorded in December and the lowest was in February at 35.3%. 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.

The Average Days on the Market (DOM) for 46 properties that were successfully sold in Fort Erie in the last 30 days (March 23 - April 21) was 41 days, which is 4 days less than 45 days average in the previous 30 day period (February 22 - March 22) and 3 days longer than during the same period a year ago (38 days).

There were 62 delisted properties in Fort Erie, those that got either Expired, Suspended or Terminated over the last 30 days (March 23 - April 21) with an average of 86 days on the market. This is 28 days shorter than the average of 114 days during the previous 30 day period (February 22 - March 22) and 31 days more compared to the same period last year average of 55 days on the market.

62 Fort Erie properties that didn't sell stayed on the market 109.8% longer than 46 that sucessfully sold over the last 30 days - 41 days when sold vs 86 days when delisted respectively.

Average Days on the Market in Fort Erie over the past 12 months for properties that have sold was 41.8 days, with 89.3 days for those properties that did not sell.

74 new properties were listed on the market in Fort Erie in the last 30 days (March 23 - April 21). During the same time 46 properties were sold and 62 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 34 properties (or 45.9%).

During the previous 30 day period (February 22 - March 22) there were 78 new properties listed, 34 sold and 48 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was September with 79 new properties listed, the slowest - December with 18 new listings and a yearly average of 58 new listings per month.

There were a total of 66 homes listed during the last 30 days (March 23 - April 21), which is 89.2% of all properties listed in Fort Erie. This is a 12.0% decline compared with a previous 30 day period (February 22 - March 22) and 20.0% up from the same period a year ago. Over the past year an average of 55 homes are were listed per month.

8 townhomes were listed over the last 30 days (March 23 - April 21) in Fort Erie, which is 10.8% of all new real estate inventory. This is a 166.7% more than during the previous 30 day period (February 22 - March 22) and 60.0% increase compared to the same period a year ago. During the last year the average number of townhomes listed stood at 3 a month.

There were a total of 42 homes sold during the last 30 days (March 23 - April 21), which is 91.3% of all properties sold in Fort Erie. This is a 31.2% increase compared with a previous 30 day period (February 22 - March 22) and 50.0% up from the same period a year ago. Over the past year an average of 29 homes are were sold per month.

4 townhomes were sold over the last 30 days (March 23 - April 21) in Fort Erie, which is 8.7% of all sold real estate. This is a 100.0% more than during the previous 30 day period (February 22 - March 22) and 33.3% increase compared to the same period a year ago. During the last year the average number of townhomes sold stood at 2 a month.