Niagara Falls, Ontario, is a city located in Southern Ontario, Canada, known for its stunning waterfalls and a range of attractions that draw visitors from all over the world. However, it's also a great place to live, with plenty of neighbourhoods that offer great living spaces, friendly communities, and convenient access to everything the city has to offer. As a local real estate agent, it's important to know about these neighbourhoods to help your clients find the perfect home that suits their needs.
Here's a breakdown of some of the most popular neighbourhoods in Niagara Falls, along with some key information about the area and the types of homes for sale in each.
Niagara Falls Downtown
Niagara Falls Downtown is the hub of the city and the main attraction for visitors. However, it's also a fantastic place to live, with a range of local amenities, including shopping, dining, and entertainment options, all within easy reach. The area is popular among young professionals, families, and retirees.
Real estate in Niagara Falls Downtown consists mainly of condos and townhouses, with some detached homes available as well. The area is particularly attractive for those who want to be close to the action and enjoy an urban lifestyle.
Chippawa
Chippawa is a beautiful neighbourhood located on the south side of the Niagara River. It's a peaceful and quiet area with plenty of green spaces, parks, and trails for outdoor enthusiasts. The community is known for its friendly atmosphere, and it's an excellent place to raise a family.
The majority of the homes for sale in Chippawa are detached houses, ranging from modern builds to historic homes. The area offers a great mix of small-town charm and big-city amenities, with easy access to the downtown core.
Stamford Centre
Stamford Centre is an upscale neighbourhood located in the northeast part of Niagara Falls. The area is known for its large, spacious homes and beautiful tree-lined streets. It's a great place for those who are looking for a more suburban lifestyle with easy access to the city.
Homes for sale in Stamford Centre are mostly detached homes, including custom-built luxury properties. The neighbourhood offers a range of high-end amenities, including golf courses, parks, and a variety of shops and restaurants.
Drummond/North End
Drummond/North End is a diverse neighbourhood located in the north-central part of the city. The area is known for its wide range of housing options, from affordable starter homes to larger, more luxurious properties. It's a great place for first-time buyers and families.
Real estate in Drummond/North End includes a mix of detached homes, semi-detached homes, and townhouses. The area has a vibrant community, with plenty of local amenities, including shopping, dining, and entertainment options.
Lundy's Lane
Lundy's Lane is an eclectic neighbourhood located in the west end of Niagara Falls. The area is known for its historic buildings, antique shops, and unique boutiques. It's an excellent place for those who appreciate a mix of old and new.
Real estate in Lundy's Lane is mostly made up of detached homes, including both historic properties and modern builds. The area has a small-town feel, with a range of local amenities and easy access to the downtown core.
Niagara Falls has a wide range of neighbourhoods to suit all needs and preferences. As a realtor in Niagara Falls, it's important to have a good understanding of these areas to help your clients find the perfect home. Whether you're looking for an urban lifestyle, a peaceful suburban environment, or a mix of both, there's something for everyone in Niagara Falls real estate.
Housing Market Stats
As of 2021, the housing market in Niagara Falls, Ontario, has been quite competitive, with low inventory and high demand for homes. The COVID-19 pandemic has had a significant impact on the housing market, as many people have been looking to move out of the city to find more space and a better quality of life.
According to the Niagara Association of REALTORS®, the average home price in Niagara Falls for September 2021 was $678,671, representing a 23.5% increase from September 2020. This indicates a significant increase in home values in the past year, as more people are moving into the region and looking for available properties.
Additionally, the number of homes sold in Niagara Falls has also increased in 2021. In September 2021, a total of 237 homes were sold, which represents a 4.4% increase from September 2020. The average number of days on the market for a home in Niagara Falls was 13, which is significantly lower than the average of 21 days in September 2020. This indicates that homes are selling quickly, and there is a high demand for available properties.
The increase in demand for homes has also led to a decrease in the number of new listings available in the Niagara Falls housing market. In September 2021, there were 217 new listings, representing a 17.2% decrease from September 2020. This indicates that the competition for available properties is high, and buyers may need to act quickly to secure the home they want.
