TEAM WEIR NEWSLETTER
Ce text est aussi disponible en Francais.
May is finally here and things are starting to brighten up!
If you’re like most people, this is the time of year when you start making plans for the summer. Perhaps you’re considering a vacation to somewhere exotic or adventurous. Maybe you’re just hoping to stay close to home to spend some extra quality time with family and friends.
Whatever your plans are for the next few months, I wish you and your family a wonderful time.
Speaking of a wonderful time, this is also a great time of year for real estate. As you may have already noticed, things start to get a lot more active in the local housing market during spring and summer. There are a wide variety of properties for sale, and a lot of new buyers looking for their next dream home.
So, if you have any questions about what’s happening in the market, be sure to give Team Weir a call. I’d be happy to give you an update.
The Spring market is showing an increase in local inventory, therefore this may be the time to start your search for that special property. Active Residential Listings continue the positive trend with 935 Active Residential Listings compared to 717 Active Residential Listings in April 2018. This 30.4% increase over last year reflects a healthy real estate market in the local area, offering a variety of available listings.
The April monthly Dollar Sales for Residential Listings also resulted in an increase of 2.2% with $108,554,409 for 2019 compared to $106,263,919 for 2018. The 2019 Year-to-Date Residential number is close to a break-even level, with a 1.4% increase over last year at this time.
Continuing to be a factor in the healthy local real estate market, the Residential Average Sale Price for April is continuing the trend of the past few years, with the average price coming in at $361,848 which is an increase of 6.6% compared to 2018. The Year-to-Date Residential Average Sale Price also shows an increase of 4.6% over 2018. This, combined with an increasing inventory, is an indicator the Quinte area is a great place to invest in your future.
Residential Unit Sales for April 2019 show 300 sales, which is slightly down from 313 sales for 2018. The Year-to-Date comparison shows 2019 is currently 3.1% below the 2018 sales for the same period of time.
|Total # of Residential Listings in April||587||532||10.3%|
|Total # of Residential Listings YTD||1682||1601||5.1%|
|Total # of Residential Sales in April||300||313||-4.2%|
|Total # of Residential Sales YTD||807||833||-3.1%|
|Total Residential Sales Dollar Volume April||$108,554,409||$106,263,919||2.2%|
|Total Residential Sales Dollar Volume YTD||$280,066,775||$276,274,970||1.4%|
DID YOU KNOW?
- Africa is the only continent situated in all the four hemispheres – the western, the eastern, the northern and the southern.
- There is a heart-shaped coral reef in Australia.
- Around 90% of the world population lives in the northern hemisphere.
- The Greek national anthem consists of 158 verses.
- The third-largest country in terms of area, China generously shares its border with Russia, India, Kazakhstan, Mongolia, Pakistan, Myanmar, Afghanistan, Vietnam, Laos, Kyrgyzstan, Nepal, Tajikistan, North Korea and Bhutan.