April 14, 2018
The Royal LePage National House Price Composite showed that the price of a home in Canada increased 6.2 per cent year-over-year to $605,512 in the first quarter of 2018.
By contrast the average price of a residential property in the Quinte Region increased 11% in the first quarter of 2018 vs the same period in 2017. The average sale price here is now approximately $327K.
The biggest change in the local real estate statistics is the number of homes that sold in the first quarter of 2017 vs 2018. There were 38% less homes sold in the first quarter of 2018 vs 2017.
While the tremendous number of sales in 2017 may have been a “blip”, Team Weir thinks it is just the beginning of a lengthy period of growth for our region.
Those baby boomers leaving the GTA have discovered that Quinte offers a quality relaxed lifestyle and a reasonable cost of living. Quinte – the place to be for years to come!
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