Whether you are looking to buy, sell, or just stay informed, here is the breakdown of what happened this month!
Belleville: The Pillar of Stability ⚖️
Belleville continues to be the most predictable and steady area in the region. If you’re looking for a market without dramatic swings, this is it!
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Average Sale Price: $526,000 (Holding steady compared to $531k last year) 💵
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Sales Volume: 42 sales (Nearly identical to the 44 sales seen last February) 🤝
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Days on Market: 50 days (A slight increase of 6 days from last year) ⏳
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The Bottom Line: Belleville is remarkably stable, making it a reliable environment for both buyers and sellers. No drama here! 😌
Quinte West: Low Volume, High Prices 🚀
Quinte West provided the biggest headline this month with a significant jump in average price—though context is key!
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Average Sale Price: $622,000 (A sharp 19% increase from last year!) 📈
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Sales Volume: 31 sales (Down from 44 last year) 📉
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Days on Market: 34 days (Homes are moving quickly!) ⚡
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The Bottom Line: With transaction volume down, a few high-value sales can really move the average. If you're a seller, the pricing environment looks strong! 💰
Prince Edward County: The Buyer’s Opportunity 🏰
The County remains the "wild card" of the region, currently offering the most leverage to those looking to purchase.
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Average Sale Price: $631,000 (Down about 20% from last February’s $787k) 📉
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Sales Volume: 14 sales (Matching January’s low volume) 🧐
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Days on Market: 138 days (Well above the 5-year average) 🛌
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The Bottom Line: Homes are sitting longer, giving buyers more negotiating power than they’ve had in a long time. It's a great time to browse! 🔍
Final Thoughts 💡
February showed us three very different stories: Belleville is steady, Quinte West is seeing price spikes driven by low inventory, and Prince Edward County is shifting in favor of buyers.
With spring right around the corner—traditionally the busiest time of the year—now is the perfect time to start planning your next move! 🌷