July Real Estate Update!
The June market numbers are in, and one trend is clear across the Quinte Region: buyers are back. Sales increased in all three major markets, while pricing trends varied by location.
Belleville: Strong Market This Month
Belleville was the standout in June, with improvements across the board.
- Average Sale Price: $560,000
- Sales: 93
- Average Days on Market: 35
Higher-priced sales helped lift the average price, although luxury homes are still taking longer to sell. Overall, Belleville continues to offer excellent conditions for sellers who price their homes strategically.
Prince Edward County: Faster Sales, Stable Demand
While average prices dipped slightly, buyer activity increased.
- Average Sale Price: $736,000
- Sales: 49
- Homes Sold: 12 days faster than last year
As a smaller, luxury-focused market, Prince Edward County's average price can fluctuate depending on waterfront and higher-end sales. The stronger pace of sales is the key trend to watch.
Quinte West: Value Market Gaining Momentum
Quinte West may still offer the best value in the region, but it's gaining momentum quickly.
- Average Sale Price: $574,000
- Month-over-Month Price Growth: Nearly +10%
- Sales: 93
Seasonal military relocations continue to support demand, and the recent monthly price increase suggests the market is strengthening.
Key Takeaway
Buyer confidence is returning across the Quinte Region, with sales increasing in every market. Belleville continues to lead the way, Prince Edward County is seeing faster activity, and Quinte West remains an attractive option for buyers looking for value.
Whether you're buying or selling, understanding your local market is key. If you'd like to know what these trends mean for your home or your next move, we're always here to help.