Pat Burroughs | Survey of Canadian Average House Prices in the Fourth Quarter 2007 - Belleville Real Estate, Quinte Real Estate, Royal LePage Associate, ProAlliance Realty Broker

	Detached Bungalow		Standard Two Storey		Standard Condominium
	2008 Q3 Average	Annual Change	2008 Q3 Average	Annual Change	2008 Q3 Average	Annual Change
Halifax	$211,667	6.9%	$255,333	7.1%	$165,500	10.3%
Charlottetown	$156,000	4.0%	$185,000	4.5%	$120,000	20.0%
Moncton	$156,500	-0.3%	$131,500	-2.6%	-	-
Fredericton	$162,000	4.5%	$210,000	6.6%	$128,000	-1.5%
Saint John	$202,933	7.4%	$291,788	21.6%	$104,575	-18.9%
St. John's	$190,050	23.7%	$261,800	22.7%	$203,000	26.9%
Atlantic	$179,858	7.6%	$222,570	11.2%	$144,215	7.8%
Montreal	$236,045	4.8%	$336,381	0.5%	$204,336	4.4%
Ottawa	$318,833	4.3%	$317,500	4.8%	$206,417	6.5%
Toronto	$433,540	5.3%	$555,950	1.6%	$309,711	2.2%
Winnipeg	$228,188	11.3%	$253,388	9.3%	$134,533	12.1%
Regina	$278,850	34.1%	$259,000	39.6%	$196,000	49.0%
Saskatoon	$321,500	9.4%	$358,250	10.7%	$211,250	1.8%
Calgary	$443,156	-6.2%	$435,211	-8.7%	$269,156	-8.2%
Edmonton	$326,429	-11.8%	$342,857	-13.8%	$216,667	-18.8%
Vancouver	$817,500	3.8%	$926,250	5.4%	$442,250	5.4%
Victoria	$439,000	9.8%	$465,000	5.7%	$282,000	4.4%
National	$240,000	0.0%	$408,927	0.1%	$243,529	0.2%

Average house prices are based on an average of all sub-markets examined in the area, except for the smaller markets of Charlottetown, Moncton, Fredericton, Saint John and Victoria.

If you are wondering what your home is worth in today's market,please contact me and let me put my expertise to work for you!

Dollar sales, for all categories in the month of October, 2009 increased by 47.5%, going from $36,091,927 in 2008 to $53,223,540 in 2009. The Residential sales for October, 2009 increased by 43.1%, going from $31,036,228 in 2008 to

The number of new listings, year to date, decreased 9.9%, from 7,101 in 2008 to 6,396 in 2009. The new Residential listings for the month of October decreased from 429 in 2008 to 344 in 2009.

More positive news for the real estate industry and the economy. This is the 4th consecutive month sales have been up in the Quinte & District Real Estate Board area. This is following the National trend across Canada. Monthly sales in all categories were up 25.4% compared to October 2008; 262 sales for 2009 vs. 209 for 2008. The $100k - $200k range is the main staple in our market at the present time, with the $200k - $300k being the 2nd most prominent market for sales.

Interest rates are still quite low and there are a lot of good homes ready to purchase. Sales are occurring in the following categories:

As of October 31 there were 1,871 Residential units; 162 Commercial units; 47 Multi-family units and 57 Farms available for purchasers to select from. The Average Residential Sale Price for properties, for the year, is up in 19 of the 34 districts in the Quinte Board. Again there continues to be a slight increase in ‘upscale’ homes, above $500k. There seems to be mixed indicators right now, but overall the market seems to be slowly but steadily growing. Lack of listings is probably the number one reason sales are lagging behind last year. There is a demand, but not the right mix of homes in the right areas. If things keep going the way they are, we should finish the year off very close to 2008 with 2010 promising a healthy outlook. November sales continue to be positive.

Belleville Real Estate, Quinte Real Estate, CFB Trenton Real Estate Relocations