998 Ridge Rd. Comparable Market Analysis Welland
Dear Raymond & Michelle, In response to your request for an evaluation, as a practicing real estate salesperson I am establishing Market Value for Listing purposes. Value is established, for the property at 998 Ridge Road. as of this dated letter. Date: February 27, 2021
Market Value: $799,900 (range +/- 3%)
There are limiting conditions and assumptions connected with this evaluation done by the herein sales representative: -
It is assumed any MLS® data used is reliable and correct The client will not circulate or expose information provided herein without prior approval of the writer Any update expected must be requested in writing If the herein sales representative is required in a court of law, in relation to this evaluation, the court cost will be $350 per hour.
Please find enclosed some general information about the process of selling real estate. If you have any other questions about preparing your home to ensure that you get the top price the market will bring in, please feel free to contact me. I look forward to helping you with all of your real estate needs, and ensuring that you get the best price and terms on the sale of your property!
Sincerely,
Mike Heddle, Hon. B. Comm. Broker The Heddle Group | Team Leader Royal LePage State Realty, Brokerage P. (905) 574-7441 F. (905) 662-2227
www.LiveInHamilton.ca
998 RIDGE Road Welland, L3B 5N7
Friday, February 26, 2021
Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis.
Sold Listings Address 998 RIDGE Road 95 OXFORD Road 3967 BABION Road 8 LENA Crescent 277 RIVERSIDE Drive 20824 GRAYBIEL Road 2980 FORKS Road 40132 TOWNLINE Road
Price
$370,000 $610,000 $650,000 $685,000 $700,888 $715,000 $750,000 $640,127
Averages:
2 3 4 3 4 3 3 3.1
1 2 3 2 3 1 2 2.0
SqFt 1422 1,282 1,500 1,244 900 1,609 1,210 1,060 1,258
$/SqFt 133.61 $288.61 $406.67 $522.51 $761.11 $435.60 $590.91 $707.55 $530.42
Sale Date
02/07/2021 11/10/2020 01/30/2021 02/21/2021 11/15/2020 09/09/2020 01/24/2021
Low
Median
Average
High
Count
Comparable Price
$370,000
$685,000
$640,127
$750,000
7
Adjusted Comparable Price
$370,000
$660,000
$618,698
$725,000
7
On Average, the 'Sold' status comparable listings sold in 81 days for $640,127
Researched and prepared by Michael Heddle
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, L3B 5N7 Friday, February 26, 2021
CMA Price Adjustments This page outlines the subject property versus comparables properties.
Subject Property 998 RIDGE Road N2057892 MLS® # Welland City Residential Prop Type Freehold Sub Type Sale Trans Type Status Niagara Region Welland (7) Munic/Area Nbrhd/Sub-Area Cooks Mills (765) 3 Beds 1.0 Baths Total # Rooms None Basement 09/06/2005 List Date $199,900 List Price 9/21/2005 Sale Date $190,000 Sale Price Parking Spaces 1 1.5spaces / Attached Garage 5.000 Acres/Range Sqft Total/Rng 1,422 198 Lot Frontage Year Built/Age - / 51-99 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning 1 Storey/Apartment Style Style/Type
Price Total Adjustments Adjusted Price
Details
Adjust
Details
Adjust
95 OXFORD Road 40053899 Welland Residential Freehold Sale Sold Niagara Welland (7) Welland Downtown (768) 2 1.0 7 Full - Unfinished 01/02/2021 $439,900 02/07/2021 $370,000
3967 BABION Road 40029930 Port Colborne Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Bethel (873) 3 2.0 10 Partial Basement - Unfinished 10/05/2020 $639,900 11/10/2020 $610,000
0 spaces / Detached, Other (see Remarks) 4.130 1,282 172 1931 / 51-99 Years $4,456 / 2020 0 Gas Forced Air No / None 1 1/2 Storey
4 spaces / Detached, None 5.000 1,500
$370,000 $0 $370,000 Researched and prepared by Michael Heddle
-25,000
1873 / 100+ Years $2,460 / 2020 1 Oil Forced Air, Oil Forced Air Yes / Central Air 1 1/2 Storey
$610,000 $-25,000 $585,000 Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, L3B 5N7 Friday, February 26, 2021
CMA Price Adjustments This page outlines the subject property versus comparables properties.
Subject Property 998 RIDGE Road N2057892 MLS® # Welland City Residential Prop Type Freehold Sub Type Sale Trans Type Status Niagara Region Welland (7) Munic/Area Nbrhd/Sub-Area Cooks Mills (765) 3 Beds 1.0 Baths Total # Rooms None Basement 09/06/2005 List Date $199,900 List Price 9/21/2005 Sale Date $190,000 Sale Price Parking Spaces 1 1.5spaces / Attached Garage 5.000 Acres/Range Sqft Total/Rng 1,422 198 Lot Frontage Year Built/Age - / 51-99 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning 1 Storey/Apartment Style Style/Type
Price Total Adjustments Adjusted Price
Details
Adjust
8 LENA Crescent 40050403 Port Colborne Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Sugarloaf (878) 4 3.0 12 Full - Partially Finished 12/09/2020 $675,000 01/30/2021 $650,000
Details
277 RIVERSIDE Drive 30781759 Welland Residential Freehold Sale Sold Niagara Welland (7) Broadway (771) 3 -37,500 2.0
Adjust
-25,000
Full - Unfinished 01/10/2020 $697,000 02/21/2021 $685,000 8 2 spaces / Detached 4.730 900 58 - / 31-50 Years $2,500 / 2019
2 spaces / Attached 4.000 1,244 109 1988 / 31-50 Years $5,128 / 2020 0 Gas Forced Air No / Central Air 2 Storey
Gas Heat Pump No / None 2 Storey
$650,000 $-37,500 $612,500 Researched and prepared by Michael Heddle
$685,000 $-25,000 $660,000 Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, L3B 5N7 Friday, February 26, 2021
CMA Price Adjustments This page outlines the subject property versus comparables properties.
Subject Property 998 RIDGE Road N2057892 MLS® # Welland City Residential Prop Type Freehold Sub Type Sale Trans Type Status Niagara Region Welland (7) Munic/Area Nbrhd/Sub-Area Cooks Mills (765) 3 Beds 1.0 Baths Total # Rooms None Basement 09/06/2005 List Date $199,900 List Price 9/21/2005 Sale Date $190,000 Sale Price Parking Spaces 1 1.5spaces / Attached Garage 5.000 Acres/Range Sqft Total/Rng 1,422 198 Lot Frontage Year Built/Age - / 51-99 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning 1 Storey/Apartment Style Style/Type
Price Total Adjustments Adjusted Price
Details
Adjust
20824 GRAYBIEL Road 40042192 Wainfleet Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Marshville/Winger (875) 4 3.0 13 Full - Partially Finished 11/12/2020 $625,000 11/15/2020 $700,888 8 2 spaces / Attached, Detached 2.020 1,609 200 1977 / 31-50 Years $5,147 / 2020
Details
2980 FORKS Road 40014403 Port Colborne Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Bethel (873) 3 -37,500 1.0 8 None 08/29/2020 $674,900 09/09/2020 $715,000
Adjust
10.000 1,210 827 1950 / 51-99 Years $4,872 / 2020 1
Propane Forced Air No / Central Air Bungalow
Forced Air, Woodburning Yes / Central Air 1 1/2 Storey
$700,888 $-37,500 $663,388 Researched and prepared by Michael Heddle
$715,000 $0 $715,000 Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, L3B 5N7 Friday, February 26, 2021
CMA Price Adjustments This page outlines the subject property versus comparables properties.
Subject Property 998 RIDGE Road N2057892 MLS® # Welland City Residential Prop Type Freehold Sub Type Sale Trans Type Status Niagara Region Welland (7) Munic/Area Nbrhd/Sub-Area Cooks Mills (765) 3 Beds 1.0 Baths Total # Rooms None Basement 09/06/2005 List Date $199,900 List Price 9/21/2005 Sale Date $190,000 Sale Price Parking Spaces 1 1.5spaces / Attached Garage 5.000 Acres/Range Sqft Total/Rng 1,422 198 Lot Frontage Year Built/Age - / 51-99 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning 1 Storey/Apartment Style Style/Type
Price Total Adjustments Adjusted Price
Details
40132 TOWNLINE Road 40054621 Wainfleet Residential Freehold Sale Sold Niagara Port Colborne / Wainfleet (8) Marshville/Winger (875) 3 2.0 9 Full - Fully Finished 01/06/2021 $799,900 01/24/2021 $750,000 8 2 spaces / Attached 2.010 1,060 201 1974 / 31-50 Years $4,486 / 2020 1
Adjust
-25,000
Other (see Remarks) Yes / Central Air Bungalow
$750,000 $-25,000 $725,000 Researched and prepared by Michael Heddle
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, L3B 5N7
Friday, February 26, 2021
Minimums and Maximums This page summarizes key fields of the listings in this analysis.
The listings in this analysis can be summarized as follows: Listing Price between $439,900 and $799,900 Sale Price between $370,000 and $750,000 900 to 1,609 Square Feet $343.14 to $774.44 per Square Foot $288.61 to $761.11 per Sold Square Foot 2.01 to 10.00 Acres
Researched and prepared by Michael Heddle
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, Ontario
Friday, February 26, 2021
Number of Days On Market This chart illustrates the level of excitement and interest in a new listing over time. It also demonstrates the importance of pricing correctly. When a property is first listed, it generates a very high level of interest from prospective buyers, which reduces dramatically over time. It is important to be priced correctly from the beginning, during the peak of this curve.
Days On Market 450 400
Days On Market
350 300 250 DOM
200 150 100 50
19 2 04 2 40
40 3 05 0 40
62 1 40
05 4
75 9 78 1 30
89 9 05 3 40
93 0 02 9 40
40
01 4
40 3
0
MLS® #
Researched and prepared by Michael Heddle
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, Ontario
Friday, February 26, 2021
CMA Map Layout This page displays the Map for the CMA Subject and your comparables . 998 RIDGE Road, Welland 1 2 3 4 5 6 7
Researched and prepared by Michael Heddle
2980 FORKS Road, Port Colborne 3967 BABION Road, Port Colborne 95 OXFORD Road, Welland 277 RIVERSIDE Drive, Welland 40132 TOWNLINE Road, Wainfleet 8 LENA Crescent, Port Colborne 20824 GRAYBIEL Road, Wainfleet
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, Ontario
Friday, February 26, 2021
List Price and Sale Price This graph illustrates the list price, along with the sale price in Sold listings.
Price Graph 800K 700K 600K
Price
500K List Price Sale Price
400K 300K 200K 100K
19 2 04 2 40
40 3 40
05 0
62 1 05 4 40
75 9 78 1 30
89 9 05 3 40
93 0 02 9 40
40
01 4
40 3
0K
MLS® #
Researched and prepared by Michael Heddle
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, L3B 5N7
Friday, February 26, 2021
Brief Summary of Compared Listings This report summarizes the comparable listings contained in this market analysis. Status: Sold MLS® # 40053899
Sale Date
Address
02/07/2021
95 OXFORD Road
Prop Sub Type Freehold
SqFt
Bds
Bth
L Price
S Price
1,282
2
1.0
$439,900
$370,000
84.1
3
SP/LP
DOM 36
40042192
11/15/2020
20824 GRAYBIEL Road
Freehold
1,609
4
3.0
$625,000
$700,888
112.1
40029930
11/10/2020
3967 BABION Road
Freehold
1,500
3
2.0
$639,900
$610,000
95.3
36
40014403
09/09/2020
2980 FORKS Road
Freehold
1,210
3
1.0
$674,900
$715,000
105.9
11
40050403
01/30/2021
8 LENA Crescent
Freehold
1,244
4
3.0
$675,000
$650,000
96.3
52
30781759
02/21/2021
277 RIVERSIDE Drive
Freehold
900
3
2.0
$697,000
$685,000
98.3
408
40054621
01/24/2021
40132 TOWNLINE Road
Freehold
1,060
3
2.0
$799,900
$750,000
93.8
18
1,258
3.1
2.0
$650,229
$640,127
98.0
81
Averages:
Summary Status
Total
Avg Price
Avg $ Per SqFt
Median
Low
High
Avg DOM
Sold
7
$640,127
$530.42
$685,000
$370,000
$750,000
81
Total
7
$640,127
$530.42
$685,000
$370,000
$750,000
81
Researched and prepared by Michael Heddle
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, L3B 5N7
Friday, February 26, 2021
Pricing Recommendation General Facts About Pricing... There are certain factors that are within our control and some factors beyond our control when it comes to setting the price. Those factors within our control are: the appearance of the property, how aggressively we market the property and the price. Factors outside our control are: location of property, size and local amenities. It's important to accept those factors that are beyond our control and focus on the pricing and preparation. A property priced at market value will attract more buyers than a home priced above market value. Consider that a competitively priced property will also attract a greater number of potential buyers and increase your opportunity for a quick sale.
Market Statistics... Sell Price Per Sq. Ft. Statistics
Sell Price Statistics Average Price:
$618,700
Average Price/Sq Ft:
$513
High Price:
$725,000
High Price/Sq Ft:
$733
Median Price:
$660,000
Median Price/Sq Ft:
$492
Low Price:
$370,000
Low Price/Sq Ft:
$289
Figures are based on selling price after adjustments, and rounded to the nearest $100.
Summary... After analyzing your property, comparable properties on the market now, recent sales and comparable properties that failed to sell, I conclude that in the current market, your property is most likely to sell for .
Researched and prepared by Michael Heddle
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
998 RIDGE Road Welland, Ontario
Friday, February 26, 2021
Market Analysis Explanation This is an explanation and overview of this market analysis.
This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear. This market analysis is divided into three categories: 1. Comparable homes that are currently for sale 2. Comparable homes that were recently sold 3. Comparable homes that failed to sell Looking at similar homes that are currently offered for sale , we can assess the alternatives that a serious buyer has from which to choose. We can also be sure that we are not under pricing your home. Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers. Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers. This Comparative Market Analysis has been carefully prepared for you , analyzing homes similar to yours. The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.
Researched and prepared by Michael Heddle
Royal LePage State Realty
This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.
APPENDIX A: MPAC Assessment vs. Market Sale Price
APPENDIX A - MPAC Assessment vs. Market Sale Price Status Subject Sold Sold Sold Sold Sold Sold Sold
Address 998 Ridge Rd. 95 Oxford Rd. 3967 Babion Rd. 8 Lena Cres. 277 Riverside Dr. 20824 Graibeil 2980 Forks Rd. 40132 Townline Rd
MPAC $ $ $ $ $ $ $ $
Sale Price 270,000 281,000 145,000 229,000 212,000 361,000 290,000 293,000
$ 370,000 $ 610,000 $ 650,000 $ 685,000 $ 700,888 $ 715,000 $ 750,000 AVERAGE
% Difference 31.67% 320.69% 183.84% 223.11% 94.15% 146.55% 155.97% 187.39%
Based on an analysis of the average MPAC assessment value versus the market sale price of comparable properties, the estimated "market" value of the subject property is: Average $ 775,945 Range $ 691,126 to NOTE: * denotes properties included in the "Direct Comparison Approach".
$
766,376
However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.
APPENDIX B: Cost Approach to Value
APPENDIX B - COST APPROACH TO VALUE Land Value: 198.00 Front Ft @ Actual Age: Effective Age:
1250
$ 247,500.00
100 years 30 years
Improvements: Building Basement Outbuildings Landscaping
1920 Sq. ft. 0 *Sq. ft. 0
@ @ @
Cost New Depreciation @ 20% $ 384,000.00 $ 76,800.00 $ $ $ 30,000.00 $ 6,000.00 $ 25,000.00 $ 5,000.00 Total Current Value of All Improvements Indicated Value by the Cost Approach Value Rounded to $200 $100 $60
Current Value $ 307,200.00 $ $ 24,000.00 $ 20,000.00 $ 351,200.00
$ 351,200.00 $ 598,700.00 $ 600,000.00
* estimate square footage The cost approach value has a minimal value in terms of deriving market value since the Land Value is a difficult value to derive based on comparable available market values in the area. Thus, this method of deriving value is only presented for the purpose of an alternative analytical tool used inorder to provide "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not an accuarate representation of "market" value and the "Direct Comparison Approach to Value" illustrates a more accurate representation of value. The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.
APPENDIX C: Sale Price vs. Market Change
APPENDIX C - Sale Price vs. Market Change
Nov-05 Monthly
Average Sale Value Median Sale Value
$ $
Annual
Average Sale Value Median Sale Value
$ $
Subject Property 998 Ridge Rd.
$
-
$ $
Jan-21 548,063.00 555,000.00
% Change #DIV/0! #DIV/0!
-
$ $
YTD 2020 469,841.00 438,128.00
% Change #DIV/0! #DIV/0!
YTD 2005
Monthly Annual
Sale Price 190,000.00
Adjusted Value (vs. Average) Adjusted Value (vs. Median) Adjusted Value (vs. Average) Adjusted Value (vs. Median)
#DIV/0! #DIV/0! #DIV/0! #DIV/0!
Based on an analysis of the average sale price in the acqusition year versus the market change, the estimated "market" value of the subject property is: Estimate of Value: #DIV/0! Estimate of value (Range): #DIV/0! to #DIV/0! However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is typically not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". Thus, the relative significance of this method of deriving value is extremely low. The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.
APPENDIX D: MPAC AVM
GeoWarehouse AVM Enhanced Residential Report Property Address
998 RIDGE RD
Municipality
WELLAND CITY
Real Time Market Value (AVM)
$ 511,000
Valuation Date (yyyymmdd)
20210224
Lower Confidence Limit
$ 450,000
Upper Confidence Limit
$ 584,000
Confidence Rating (H=High, M=Medium, L=Low)
M
Property Type
301 - Single-family detached (not on water)
Year Built
1950
Total Area (Above Grade) (sq ft)
1920
Basement Finished Area (sq ft)
0
Number of Bedrooms
2
Number of Full Bathrooms
1
Number of Half Bathrooms
0
Frontage (ft)
198
Depth (ft)
0
Site Area
5A
Generated on 02/27/2021
Copyright © All rights reserved Municipal Property Assessment Corporation. Not to be reproduced by any means or distributed in any manner, in whole or in part, without prior written permission. Page 1 of 1
APPENDIX E: Geowarehouse Enhanced Report
Client Report Generated on February 26, 2021
This report was prepared by:
998 RIDGE RD WELLAND
Shawna Connelly shawnaconnelly@royallepage.ca
PIN 642480056
GeoWarehouse is a product of Teranet Real Estate Information Solutions
© 2016 Teranet Inc.
998 RIDGE RD, WELLAND | PIN 642480056
Property Details GeoWarehouse Address:
998 RIDGE RD WELLAND L3B5N7 PIN:
642480056
Land Registry Office:
NIAGARA SOUTH (59)
Land Registry Status:
Active
Registration Type:
Certified (Land Titles)
Ownership Type:
Freehold
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
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998 RIDGE RD, WELLAND | PIN 642480056
Lot Size Area:
5.07 ac
Perimeter:
2601.71 ft
Measurements:
198.51ft x 1102.87ft x 198.51ft x 842.87ft x 260.04ft Lot Measurement Accuracy : HIGH Measurements are based on coordinate geometry, providing a high degree of confidence that the measurement calculations are within an acceptable variance of the
Assessment Information ARN 271905000112300
Phased-In Value
Assessed Value
$270,000
$270,000
2021 Tax Year
Based on Jan 1, 2016
Frontage: Depth:
198.0 ft N/A
Description:
Single-family detached (not on water)
Property Code:
301
Sales History Sale Date
Sale Amount Type
Nov 30, 2005
$190,000
Transfer
Jun 01, 2001
$154,000
Transfer
Apr 17, 1998
$100,000
Transfer
Notes
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
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Demographics
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998 RIDGE RD, WELLAND | PIN 642480056
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
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998 RIDGE RD, WELLAND | PIN 642480056
Dominant Market Group
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998 RIDGE RD, WELLAND | PIN 642480056
Dominant Market Group
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998 RIDGE RD, WELLAND | PIN 642480056
Comparable Sales
Comparable Sales Search Results Address
Date
Sales Amount
Lot Size
($)
(ac)
$/ ac
Distance
PIN
(m)
1
113 DOANS RIDGE RD, WELLAND, L3B5N4
Sep 25, 2020
0
3.16
N/A
1992
641280102
2
3967 BABION RD, PORT COLBORNE, L3K5V5
Jun 23, 2020
203,500
2.50
81498
4943
644560108
3
10041 LYONS CREEK RD, WELLAND, L3B5N4
Sep 30, 2020
473,000
2.47
191397
2368
642490101
1
113 DOANS RIDGE RD, WELLAND, L3B5N4
Sep 29, 2020
547,000
3.16
173008
1992
641280102
4
306 NETHERBY RD, WELLAND, L2B5N7
Dec 02, 2020
555,000
3.58
154865
3193
641290029
5
3967 BABION RD, PORT COLBORNE, L3K5V5
Dec 03, 2020
610,000
5.80
105158
4864
644560111
6
663 COPE RD, WELLAND, L3B5N7
Sep 25, 2020
615,000
3.03
202937
1070
642480079
7
168 PEARSON RD, WELLAND, L3B5N4
Nov 30, 2020
630,000
3.02
208909
1533
642490180
8
150 DARBY ROAD, WELLAND
Aug 28, 2020
690,000
4.20
164352
3356
644320029
9
510 RIDGE RD, WELLAND, L3B5N7
Apr 23, 2020
745,000
7.17
103970
1106
642480058
10
587 MATTHEWS RD, WELLAND, L0S1K0
Aug 04, 2020
800,000
3.02
265064
4425
642610029
11
416 NETHERBY RD, WELLAND, L3B5N7
Jun 30, 2020
800,000
3.52
227336
2849
641290112
12
136 PEARSON RD, WELLAND
Sep 01, 2020
805,000
3.02
266961
1646
642490178
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
GeoWarehouse Client Report | Page 10 of 15
998 RIDGE RD, WELLAND | PIN 642480056
13
9775 SCHISLER RD, WELLAND, L3B5N4
Jan 15, 2021
855,000
2.53
338294
3166
642610177
14
481 NETHERBY RD, WELLAND, L3B5N7
Oct 30, 2020
880,000
3.35
262454
2706
641290097
15
792 TOWNLINE RD RD, WELLAND, L3C7A6
Oct 23, 2020
920,000
2.07
445295
1900
642470168
16
14530 MORRIS RD, NIAGARA FALLS, L3B5N7
Aug 27, 2020
965,000
3.02
319969
1632
642500205
Sales Statistics Maximum:
$965,000
Minimum:
$0
Average:
$652,558
Median:
$690,000
*Standard Deviation: The smaller the number, the more similar are the sales results in the area. The larger the number, the more widely spread the sales results are in the area.
Area Heat Maps Average Sales Heat Maps - Last 1 Year Block
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
GeoWarehouse Client Report | Page 11 of 15
998 RIDGE RD, WELLAND | PIN 642480056
Growth Rate Heat Maps - Last 5 Years Block
Market Turnover Heat Maps - Last 1 Year Block
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
GeoWarehouse Client Report | Page 12 of 15
998 RIDGE RD, WELLAND | PIN 642480056
Historical Market Trends Average Sale Values and Growth Rates
Market Turnover Rates
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
GeoWarehouse Client Report | Page 13 of 15
998 RIDGE RD, WELLAND | PIN 642480056
Market Statistics Area Map Average Sales Price - Last 1 Year
$556,975
$439,143 Municipality
Block
Growth Rate - Last 5 Years
Market Turnover - Last 1 Year
5 Year Analysis Stable Value - With average property values 33% higher than the municipal average and properties turning over 46.4% less, property owners are comfortable setting roots in the community.
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
GeoWarehouse Client Report | Page 14 of 15
998 RIDGE RD, WELLAND | PIN 642480056
Terms and Conditions Reports Not the Official Record. Reports, other than the Parcel Register, obtained through Geowarehouse are not the official government record and will not necessarily reflect the current status of interests in land. Currency of Information. Data contained in the Geowarehouse reports are not maintained real-time. Data contained in reports, other than the Parcel Register, may be out of date ten business days or more from data contained in POLARIS. Coverage. Data, information and other products and services accessed through the Land Registry Information Services are limited to land registry offices in the areas identified on the coverage map.
Completeness of the Sales History Report. Some Sales History Reports may be incomplete due to the amount of data collected during POLARIS title automation. Subject properties may also show nominal consideration or sales price (e.g. $2) in cases such as transfers between spouses or in tax exempt transfers.
Demographic Information. Demographic Information is obtained from Environics Analytics. Environics Analytics acquires and distributes Statistics Canada files in accordance with the Government of Canada's Open Data Policy. No information on any individual or household was made a vailable to Environics Analytics by Statistics Canada. PRIZM and selected PRIZMC2 nicknames are registered trademarks of The Nielsen Company (U.S.) and are used with permission.
The Property Information Services, reports and information are provided "as is" and your use is subject to the applicable Legal Terms and Conditions. Some information obtained from the Land Registry Information Services is not the official government record and will not reflect the current status of interests in land. Use of personal information contained herein shall relate directly to the purpose for which the data appears in land registry records and is subject to all applicable privacy legislation in respect of personal information. Such information shall not be used for marketing to a named individual. Parcel Mapping shown on the site was compiled using plans and documents recorded in the Land Registry System and has been prepared for property indexing purposes only. It is not a Plan of Survey. For actual dimensions of property boundaries, see recorded plans and documents.
GeoWarehouse is a product of Teranet Real Estate Information Solutions
Report Generated On Feb 26, 2021 by Shawna Connelly (291168)
GeoWarehouse Client Report | Page 15 of 15
APPENDIX F: Market Conditions
OUTSTANDING MARKET REVIEW Our goal is to ensure that our aggressive and ‘dialled-in’ marketing plan get the most exposure of your property listing in front of serious qualified purchasers. It’s important for us to keep communication open with you and routinely review the market conditions and our marketing efforts. MARKET CONDITIONS
The conditions of the macro and micro markets surrounding your property are key to understand when offering your property for sale. As your real estate advisors, it’s important for us to make sure that we effectively communicate those conditions with you so that you may be informed.
Months-of-Inventory [M.O.I.] Determining the current market conditions, and type of market, is key in order to provide professional guidance with the sale of your property. A ‘market intelligence’ tool that illustrates the strength of the market is determining the number of months’ of inventory. This metric identifies the strength of the market be indicating market demand. Typically: “Seller’s Market” is identified as between 0-4 months’ of inventory. “Balanced Market” is typically represented by 4-6 months of inventory. “Buyer’s Market” is defined as anything over 6+ months of inventory.
4 The Heddle Group. | www.theHeddleGroup.ca | info@theheddlegroup.ca
Matrix
2021-02-27, 8:19 AM
Search Criteria Time frame is from Jan 2016 to Jan 2021 Region is 'Niagara' Municipality is 'Welland (7)' Transaction Type is 'Sale' Results calculated from approximately 7,500 listings
https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=
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Matrix
2021-02-27, 8:21 AM
Search Criteria Time frame is from Jan 2016 to Jan 2021 Region is 'Niagara' Municipality is 'Welland (7)' Transaction Type is 'Sale' Results calculated from 5,195 listings
https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=
Page 1 of 1
Matrix
2021-02-27, 8:20 AM
Search Criteria Time frame is from Jan 2016 to Jan 2021 Region is 'Niagara' Municipality is 'Welland (7)' Transaction Type is 'Sale' Results calculated from 5,442 listings
https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=
Page 1 of 1