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Well the statistics are out for the Quinte & District Real Estate Board including Belleville real estate for the month of February 2007. To anyone who sells Belleville real estate or  real estate anywhere else in the Quinte Region the figures come as no surprise. The Belleville and Quinte  real estate market has been strong for some time and it does not appear to be slowing down

  • The total sales for February 2007 was 238 units, a 18.7% increase over the same period last year
  • The dollar amount of all sales in February 2007 was $37,862,920, an increase of 23.6% over February 2006
  • The average residential sale price on the Quinte & District Real Estate Board for February 2007 was $176,210, compared to $147,380 in February 2006. An increase of 19.6%.
  • The total number of new listings for February 207 was 471, a drop of 15.4% when compared to February 2006.
All this points to the fact that it is still a Sellers market in the Quinte and Belleville region. Homes that show well and are priced right sell quickly and close to list price. With a 5 year fixed mortgage around 5% and a strong buyer demand from outside the Quinte and Belleville area it's not likely that it will slow down in the near future.
 

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Real Estate Agent: Wayne McMullan    Quinte Real Estate (Royal LePage ProAlliance Realty)
Wayne McMullan Quinte Real Estate
Belleville, ON
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Royal LePage ProAlliance Realty

Office Phone: (613) 966-6060 Ext.: 239
Cell Phone: (613) 969-7650
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