After a strong surge through to April this year, the market appears to have quietened somewhat. 
Roy Millar, President of the Quinte and District Real Estate Board, has provided an analysis of this data:
Sales: Dollar sales, for all categories in the month of June, 2009 decreased by 3.0%, going from $66,162,011 in 2008 to $66,119,290 in 2009. The Residential sales for June, 2009 decreased by 7.4%, going from $61,181,661 in 2008 to$56,654,087 in 2009.
Listings: The number of new listings, year to date, decreased 11.9%, from 4,611 in 2008 to 4,064 in 2009. The new Residential listings for the month of June decreased from 620 in 2008 to 506 in 2009.
Again this month, the highest percentage of Market sales (78%) is in the $100k - $300k range, up slightly higher than last month. The under $100k and over $300k market has been decreasing, which seems to be the result of our economic times. Belleville’s Average Sale Price for the month of June is the same as the Belleville overall average for the last 12 months, hovering around $190,000. All the long term indicators seem to indicate that pricing will be going up, as well as interest rates, over the next few years. So now seems to be a very good time to buy, but stay well within your budget. Recession is an opportune time to invest – not just sit back and wait.
Pleaese visit http://yourhomeinquinte.com/real_estate_news.htm
for more information.
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