Quinte Real Estate - November 2007 Statistics

Real Estate Agent with Royal LePage ProAlliance Realty

The sales figures for November are out and one figure is quite surprising. The average residential price for Quinte Real Estate in November 2007 was $204,900 up 17.1% over November 2006 and exceeding the year to date average of $197,561. That said, the Quinte Real Estate market which has been primarily a Sellers one has softened slightly since the highs seen in the Spring and Summer. Overall the average residential price for the year is $197,561 up 10.6% when compared to the same period last year ($178,625).

For the first time this year the total number of listings (6,546) is greater than the same period last year (6,457). Prior to November the yearly total of listings had been running a couple of percentage points behind last year creating additional upward pressure on home prices. Now that things have slowed down a bit the Quinte Real Estate market seems to be more stable with less urgency among Buyers. In Belleville Real Estate the average market time for a residential property (Belleville Ward) is 59 days.


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Comments (2)

John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana
Sounds like thing are doing quite well over there.  What would the price per square foot be?
Dec 17, 2007 09:13 AM
Heather Fitzgerald
REALTY WORLD-Harbert Company, Inc. - Greenwood, IN
REALTOR Greenwood Indiana Real Estate
Still sounds like things are going pretty well over there for you.
Dec 17, 2007 09:15 AM