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Bay of Quinte Market Update: April

The average Price for homes sold in the Quinte region in April was $651,959- This is a decrease of approximately 8 percent since last April. However, overall the trend is continuing upwards since this time last year as we are seeing prices begin to increase again. Houses are selling for 98% of list price which is an increase from what we have seen over the last few months.


Supply:


Bay of Quinte area market currently has 2.7 months supply of houses for buyers. That is how long it would take for all homes on the market to be sold to current buyers (2.7 months), if no new listings came onto the market. There is less supply than we saw even just last month, which displays an increase in the numbers of buyers looking for homes compared to how many homes are being listed on the market.


The Stats:


Brighton

Average Sale Price $669,784

Properties Sold: 24

Average Days on the Market 37

Change in Value -11.4%

Quinte West

Average Sale Price $603,679

Properties Sold: 86

Average Days on the Market 40

Change in Value -13%


Belleville

Average Sale Price $614,443

Properties Sold: 69

Average Days on the Market 23

Change in Value 9.8%


Stirling-Rawdon

Average Sale Price $719,930

Properties Sold: 11

Average Days on the Market 33

Change in Value +0.5%



*Stats are from April 2023. ITso Real Estate.




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