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Quinte and MLS Real Estate Reports
Belleville Real Estate, Quinte Real Estate, CFB Trenton Real Estate Relocations
Quinte & District Real Estate Board Inc.
PRESS RELEASE FROM THE QUINTE & DISTRICT REAL ESTATE BOARD INC.
Sales:
Dollar sales for the month of April 2008 increased by 2.8%, going from $71,674,031 in 2007 to $73,679,060 in April 2008.
Listings:
The number of new listings, year to date, increased 14.9%, from 2,547 in 2007 to 2,927 in 2008. Average Residential Purchase Price The April Average Purchase Price of a residential home in the Quinte Area has increased 7.8% from $192,732 in 2007 to $207,775 in 2008.
PRESIDENT'S COMMENTS:
Although the total dollars sold in Quinte real estate for April 2008 are showing a modest increase over 2007 we are still showing reductions in the number of sales. In addition, the increased competition in the marketplace should serve to alert Sellers that; although residential values are up, they need to price their home competitively in order to get an offer from today’s educated Buyer. Our spring market, although delayed, is just kicking into gear and the point should be made, that we are comparing this year’s numbers to an unprecedented record year in the real estate industry. I believe that our market in Quinte will continue to improve as the year goes on.
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