The GTA isn’t the only red hot real estate market these days.
Though the numbers aren’t quite as rosy as Toronto’s, the Quinte & District Association of Realtors had a good December and a good 2016.
The number of residential units sold in the Quinte Region in December 2016 was actually down compared to the year before – 151 last month compared to 156 in 2015, however dollar sales saw a 5.9 % increase over the year before.
The number of active residential listings was down significantly – 604 listings in 2016 and 1,034 listings in 2015 – that’s a 41% drop.
The year-to-date residential dollar sales show an increase of 24.2%
Dollar sales for all property types resulted in an increase of 22.9% over 2015.
The average residential sale price for December 2016 is $258,181, an increase of 9.4% from $236,067 in December 2015.
The year-to-date average residential sale price reflects an increase of 8.8%.
Association president Cathy Polan says the past couple of months show Quinte real estate remains strong, regardless of the newly tightened mortgage regulations.