TEAM WEIR NEWSLETTER
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You may have heard that 2017 was a record year for the Quinte real estate industry. It seems that buyers from the GTA are not all going north and west any longer, but have now discovered the Brighton, Quinte West, and Belleville markets to their east. At the end of 2017 the average sale price of a home was $299K compared to $258K at the end of 2016. By contrast, active listings were down 30% at the end of 2017 from the end of 2016.
I believe that the first half of 2018 will see a similar strong demand for residential properties, as well as continued inventory shortages. With this in mind, we are asking you to think of us if you, or a friend/family member, are thinking of selling this year. We have numerous local buyers and incoming military families for whom we are having a difficult time finding a home. As a seller, it doesn’t get much better than showing your home for a week and possibly getting multiple offers.
|Total # of Listings in December||177||205||-13.7%|
|Total # of Listings YTD||5,905||6,252||-5.6%|
|Total # of Sales in December||146||174||-16.1%|
|Total # of Sales YTD||3,942||3,927||0.4%|
|Total Sales Dollar Volume December||$43,722,990||$46,717,013||-6.4%|
|Total Sales Dollar Volume YTD||$1,172,448,518||$1,006,561,531||16.5%|
As always, Team Weir has lots to offer our clients, both in terms of valuable real estate information and giving back! In 2017, we were pleased to make donations to several worthy organizations including the ALS Society of Canada, the Quinte Humane Society, Three Oaks, and a variety of local sports teams!
Be sure to come back to our website and Facebook pages often to see what’s new and exciting. Coming up, Team Weir will be holding its 3rd Annual Food Drive (February 11th) and we have 2 tickets to give away to the Ron James show at the Empire Theatre in early March. And, of course, we will continue to offer tickets to some of the Belleville Sens games!
In the meantime, be sure to give us a call if you would like a complimentary appraisal of your home or if we can offer you any suggestions as to how to best prepare it for the spring market. Last year, we successfully completed more than 300 buying or selling real estate transactions and were awarded the Trentonian’s Reader’s Choice award for favourite Realtor®. We must be doing something right!
Talk to you soon,
DID YOU KNOW?
- The Olympic Games originated in 776BC.
- The Olympic Games originated in Olympia, Greece.
- The first Olympic Winter Games were held in 1924.
- Chamonix, France hosted the first Olympic Winter Games.
- The Olympic Motto is Citius, Altius, Fortius (Swifter, Higher, Stronger).
- Baron Pierre de Coubertin is the founder of the modern Olympic Games.
- Lausanne, Switzerland plays host to the International Olympic Committee.