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March 5, 2012
PRESS RELEASE from The Quinte & District Association of REALTORS® Inc.
Sales
When comparing the month of February 2012 to February 2011, unit sales for residential properties on the Quinte & District Association of REALTORS® Inc. MLS® System increased 41.9%, going from 117 units in 2011 to 166 units in 2012. The dollar volume of those residential sales increased by 44.3%, from $23,140,747 for February 2011 to $33,392,422 for February 2012.
Listings
There were 2,304 total active listings on the MLS® System in the Quinte area as of February 29, 2012, of which1,509 were residential properties. Total active residential listings for February are down 2.6% over 2011. All properties currently for sale can be viewed at www.quinte-MLS.com.
President’s Comments
February statistics show a solid housing market continues in the Quinte area. A slight reduction in residential listing inventory and a large increase in both unit sales and dollar volume should help fuel a healthy Spring market locally. The bulk of residential sales occurred between the 150 to 250 thousand range, with second place being in the 100 to 150 thousand mark. With all the wonderful amenities that this area offers, it’s amazing how affordable the housing market has remained. Call any one of our licensed REALTORS® to help you with your real estate needs.
Full breakdown of sales during the month of February was as follows:
Also please note that these statistics represent the entire Association’s jurisdiction and statistics vary from area to area.
Visit our website at www.quinte-MLS.com.
The Quinte & District Association of REALTORS® Inc. serves the interest of 364 licensed real estate Agents in the Belleville, Quinte West, Prince Edward, Madoc, Marmora, Stirling, Tweed, Brighton, Campbellford/ Seymour, Colborne, and Deseronto areas as well as other adjacent communities.
Sharon Shortt, 2012 President, Quinte & District Association of REALTORS® Inc is available for further comment or local statistics at 613-849-0276.
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Bob's Comments:
As indicated in the press release from the The Quinte & District Association of REALTORS® Inc., the real estate market has been remarkably active this winter, with sales in February running more than 40% higher than they did in February of 2011.
To see my listings of very affordable homes in our area, please see the right hand column on my home page.
Bob Foster
613 921 3933
For those who are trying to sell a home, you need to have every possible advantage working in your favour, so please check out my Internet Advantage Service Package. (This comment is not intended to solicit clients currently under contract to other brokerages.)
Little things mean a lot, so you might want to check out this Two-Minute Tip on how to prepare your home for an open house or showing.
If I can be of assistance to you either in looking for a property to purchase or in selling your home using the eight extra services I provide (see 8EXTRAthings.com), please give me a call and let me know how I can help.
Bob Foster
Direct Cell Line - 613 921 3933 |
Cautions in Interpreting Residential Sale Statistics
The factors that affect the results for any particular month are numerous, and we can see temporary increases or decreases that are attributed to such things as the weather, or slight skews in the distribution of the types of properties being purchased. For example, in a market like ours where there are about 100 - 325 homes sold each month, the sale of a few homes worth over $1 million can have a substantial effect on the overall average.
Rather than focusing on the variation of an individual month or two, it's better to look at the overall trends, and think of the specific points on the graph as being something like marbles bouncing around inside a tube. As you shake the tube, at any particular moment an individual marble may be at the top of the tube, or the bottom, or somewhere in the middle. What is important is not the specific position of the marble, but whether or not the tube is slanted upwards, downwards or flat. The tube, in the case of this graph, of course, is time and it is by looking at the data over a longer period of time that we can decide whether the general trend is upwards, downwards, or flat. |
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