Quinte & District Association of REALTORS® Inc.

October 2020 MLS® statistics for Quinte & District Association of REALTORS® Inc.

We are now into the final quarter of 2020 and the real estate numbers reflect the ups and downs of a difficult year. The month of October showed significant increases for both Residential and All Property Type sales compared to last year and the Year-to-Date sales figures also show an increase.

The Total Active Listings continues to be a challenge, with the listings down 50.0% compared to last year. The new Listings for All Property Types for the month of October also showed a decrease of 9.4% over 2019.

The new, more virtual world is manageable within real estate and a local Professional Realtor® is always available to assist with all your real estate needs.

The October 2020 monthly Dollar Sales for All Property Types was $216,086,741 reflecting a substantial increase of 85.1% above October 2019, which was $116,716,199.

The October monthly Dollar Sales for Residential Listings resulted in a similar increase of 88.6% with $192,974,241 for 2020 compared to $102,320,649 for 2019.

The Residential Average Sale Price for October showed an increase over 2019, with the October 2020 price of $488,542 resulting in a 28.9% increase over the October 2019 amount of $378,965.

Residential Unit Sales for October 2020 showed 395 sales, up significantly from 270 sales for 2019, for an increase of 46.3%.

are now into the second half of 2020 and the real estate numbers reflect the ups and downs of a difficult year. The month of July showed significant increases for both Residential and All Property Type sales compared to last year and the Year to Date sales figures also show a modest increase.

The Total Active Listings continues to be a challenge, with the listings down 26.3% compared to last year, however the new Listings for the month of July increased by 7.5% over 2019.

As everyone becomes more comfortable with the health-related safeguards, such as wearing a mask, listings are expected to increase. The new, more virtual world is manageable within real estate and a local Professional Realtor® is always available to assist with all your real estate needs.

The July 2020 monthly Dollar Sales for All Property Types was $244,985,650 reflecting a substantial increase of 86.2% above July 2019, which was $131,594,845.

The July monthly Dollar Sales for Residential Listings resulted in a similar increase of 83.2% with $230,733,295 for 2020 compared to $125,972,445 for 2019.

The Residential Average Sale Price for July showed an increase over 2019, with the July 2020 price of $450,651 resulting in a 22.7% increase over the July 2019 amount of $367,267.

Residential Unit Sales for July 2020 showed 512 sales, up significantly from 343 sales for 2019, for an increase of 49.3%.


BOARD & ASSOCIATION INFORMATION

The Quinte & District Association of REALTORS® Inc. serves approximately 420 REALTORS® in the Belleville, Quinte West, Prince Edward, Madoc, Marmora, Stirling, Tweed, Brighton, Trent Hills, Colborne, and Deseronto areas as well as other adjacent communities. The Association operates the local Multiple Listing Service (MLS®) System and provides ongoing professional education courses for its members.

For local market expertise, be sure to use the professional services of one of our REALTOR® members when buying or selling property.

To view current listings from the Quinte & District Association of REALTORS® MLS® System, Membership Information and General Real Estate facts, visit our website at www.quinte-MLS.com.

MLS® is a co-operative marketing system used only by Canada's real estate Boards to ensure maximum exposure of properties listed for sale.


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For more information,
please contact Lisa Comerford:

613-969-7873
ExecOfficer@Quinte-MLS.com

President
Heather Plane