Market Watch – November 2018
QDAR Sales President Natasha Huizinga’s Comments: Economic/Mortgage All Property Types Indicators November monthly Dollar Sales for All Property Types comes in at $64,127,723, a 4.4% decrease over 2017, which was $67,065,490. The November monthly Dollar Sales for Prime Rate* Residential Listings comes in with an increase of 3.4% with $60,337,168 for 2018 compared Nov 2018 - 3.95% 188 237 to $58,373,340 for 2017. Conventional Mortgage* Nov 18 Nov 17 Unit Sales for Residential listings sold in November showed a decrease, down 15.2% 1 year - 3.64% compared to last year, with 2018 showing 168 units sold compared to 198 units in 2017. The Units Sold for All Property Types also shows a decrease, dropping to 188 units in 2018, 3 year - 4.29% QDAR Average Price down from 237 units in 2017. The Average Sale Price for Residential listings again increased All Property Types a healthy 21.8% over last year, coming in at $359,150 for 2018 and $294,815 for 2017. 5 year - 5.34% The Year to Date Residential Average Sale Price is maintaining positive numbers, showing an increase of 12.3% over last year, with 2018 coming in at $335,481 compared to $298,845
for 2017. Sources and Notes:
$341,105 $282,977 *Bank of Canada, Rates for most Nov 18 Nov 17 The Total Active Residential Listings continues to follow the positive trend that started in recently completed month March 2018, with 679 Active Residential listings compared to 571 listings in 2017, reflecting a 18.9% increase. New QDAR Listings All Property Types QDAR Active Listings QDAR Active QDAR Active Non- All Property Types Residential Listings Residential Listings
270 333 1134 1101 679 571 455 530
Nov 18 Nov 17 Nov 18 Nov 17 Nov 18 Nov 17 Nov 18 Nov 17 ***Data methodology for statistics has changed and historical revisions to the data have been applied. Data collection for reports prior to Mar/18 was based solely on sales & listings from QDAR Members, unless otherwise stated. Data collection for Mar/18 and onward is based on sales and listings in the QDAR jurisdiction and incorporates any historical revisions.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch – November 2018
Residential Activity by Region (Below figures reflect ONLY QDAR Listed Sales)
Sales Average Average Days on Sales Average Average Days on District Units Sales Price Market District Units Sales Price Market Belleville (City) Prince Edward County (Muni)cont Belleville Ward 42 $329,738 38 Picton Ward 5 $373,620 44 Thurlow Ward 12 $326,801 35 Sophiasburg Ward 3 $769,508 119 Brighton (Muni) South Marysburg Ward 1 $870,000 42 Brighton (Town) 12 $462,760 36 Brighton (Twp) 2 $487,450 38 Wellington Ward 1 $263,500 23 Centre Hastings (Muni) Quinte West (City) Huntingdon Ward 3 $295,667 105 Frankford Ward 4 $311,225 35 Madoc Ward 1 $255,000 14 Sidney Ward 12 $345,769 40 Cramahe (Twp) Trenton Ward 18 $286,161 29 Colborne 2 $398,250 13 Murray Ward 7 $465,901 73 North of Hwy 401 (Cramahe) 0 $0 0 Stirling-Rawdon (Twp) South of Hyw 401 (Cramahe) 1 $715,000 54 Rawdon Ward 1 $410,000 35 Deseronto (Town) Deseronto (town) 1 $205,000 174 Stirling Ward 1 $195,000 11 Madoc (Twp) Trent Hills None 1 $370,000 107 Campbellford 1 $529,125 45 Marmora & Lake (Twp) East of Hwy 25 0 $0 0 Lake Ward 0 $0 0 Percy 1 $132,000 17 Marmora Ward 1 $137,000 204 Seymour 0 $0 0 Prince Edward County (Muni) Tweed (Muni) Ameliasburg Ward 4 $329,250 20 Elzevir (Twp) 1 $450,500 229 Athol Ward 0 $0 0 Hungerford (Twp) 5 $310,800 57 Bloomfield Ward 0 $0 0 Hallowell Ward 5 $471,851 110 Tweed (Village) 4 $184,500 35 Hillier Ward 0 $0 0 Tyendinaga North Marysburg Ward 3 $608,333 133 Tyendinaga 3 $295,833 24
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch – November 2018
All Property Types Activity by Region (Below figures reflect ONLY QDAR Listed Sales)
Sales Average Average Days on Average Average Days on District Units Sales Price Market District Sales Units Sales Price Market Belleville (City) Prince Edward County (Muni) Belleville Ward 42 $329,738 38 Picton Ward 5 $373,620 44 Thurlow Ward 15 $331,768 45 Sophiasburg Ward 3 $769,508 119 Brighton (Muni) South Marysburg Ward 1 $870,000 42 Brighton (Town) 14 $418,580 37 Wellington Ward 1 $263,500 23 Brighton (Twp) 2 $487,450 38 Quinte West (City) Centre Hastings (Muni) Frankford Ward 4 $311,225 35 Huntingdon Ward 3 $295,667 105 Sidney Ward 15 $313,982 61 Madoc Ward 1 $255,000 14 Trenton Ward 18 $286,161 29 Cramahe (Twp) Murray Ward 7 $465,901 73 Colborne 2 $398,250 13 Stirling-Rawdon (Twp) North of Hwy 401 (Cramahe) 0 $0 0 None 0 $0 0 South of Hyw 401 (Cramahe) 1 $715,000 54 Rawdon Ward 2 $461,000 63 Deseronto (Town) Stirling Ward 1 $195,000 11 Deseronto (town) 1 $205,000 174 Trent Hills Madoc (Twp) Campbellford 1 $529,125 45 None 1 $370,000 107 East of Hwy 25 0 $0 0 Marmora & Lake (Twp) Lake Ward 0 $0 0 Percy 2 $123,500 21 Marmora Ward 1 $137,000 204 Seymour 0 $0 0 Prince Edward County (Muni) Tweed (Muni) Ameliasburg Ward 5 $304,600 23 Elzevir (Twp) 4 $148,625 133 Athol Ward 0 $0 0 Hungerford (Twp) 6 $271,500 61 Bloomfield Ward 0 $0 0 Tweed (Village) 7 $189,357 36 Hallowell Ward 5 $471,851 110 Tyendinaga Hillier Ward 0 $0 0 None $0 0 North Marysburg Ward 4 $468,250 119 Tyendinaga 4 $234,000 24
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch – November 2018
Sales - Residential $0 to $99k 1 1 0 1 $100k to $149k
3 2 3 8 $150k to $199k 7 $200k to $249k 12 10 $250k to $299k $300k to $349k
11 $350k to $399k 24 $400k to $449k $450k to $499k 10 $500k to $599k $600k to $699k $700k to $799k $800k to $899k 24 $900k to $999k 28 $1m to $1.199m
Numbers indicate units $1.200m to $1.399m
23 $1.400m to $1.599m
***Data methodology for statistics has changed and historical revisions to the data have been applied. Data collection for reports prior to Mar/18 was based solely on sales & listings from QDAR Members, unless otherwise stated. Data collection for Mar/18 and onward is based on sales and listings in the QDAR jurisdiction and incorporates any historical revisions.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch – November 2018
Sales - Residential 180
160 155 Single Family - House: Detached Single Family, on 4.99 acres or less 140
120 Single Family - Other: Townhouse, Link, Condo, Cottage, Row House, Modular, 100 Mobile, Semi
80 Residential - Other: Duplexes, Triplexes, Fourplexes AND Detached Single Family 60 on 5 - 9.99 acres 40
20 11 2 0
***Data methodology for statistics has changed and historical revisions to the data have been applied. Data collection for reports prior to Mar/18 was based solely on sales & listings from QDAR Members, unless otherwise stated. Data collection for Mar/18 and onward is based on sales and listings in the QDAR jurisdiction and incorporates any historical revisions.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch – November 2018
Dollar Sales - Residential $0 - $99k
$100 - $149k
100 $150 - $199k
$200 - $249k
$250 - $299k 80 $300 - $349k
$350 - $399k
$400 - $449k 60 $450 - $499k
$500 - $599k
$600 - $699k 40 $700 - $799k
$800 - $899k
20 $900 - $999k $1m - $1,200m
$1,200m-$1,399m
0 $1,400m-$1,599m Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
***Data methodology for statistics has changed and historical revisions to the data have been applied. Data collection for reports prior to Mar/18 was based solely on sales & listings from QDAR Members, unless otherwise stated. Data collection for Mar/18 and onward is based on sales and listings in the QDAR jurisdiction and incorporates any historical revisions.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch – November 2018 Statistical Information* 2018 2017 % Change Dollar Sales - All Property Types - to November 30, 2018 $984,058,161 $1,128,915,528 -12.8% Dollar Sales - All Property Types - for November, 2018 $64,127,723 $67,065,490 -4.4% Dollar Sales - Residential - to November 30, 2018 $902,780,593 $992,165,215 -9.0% Dollar Sales - Residential - for November, 2018 $60,337,168 $58,373,340 3.4% Listings - All Property Types - to November 30, 2018 5,541 5,733 -3.3% Listings - All Property Types - for November, 2018 270 333 -18.9% Listings - Residential - to November 30, 2018 4,439 4,451 -0.3% Listings - Residential - for November, 2018 210 249 -15.7% Sales - All Property Types - to November 30, 2018 2,995 3,797 -21.1% Sales - All Property Types - for November, 2018 188 237 -20.7% Sales - Residential - to November 30, 2018 2,691 3,320 -18.9% Sales - Residential - for November, 2018 168 198 -15.2% Average Res. Sold to November 30, 2018 335,481 298,845 12.3% Average Res. Sold for November, 2018 359,150 294,815 21.8% Average Sold to November 30, 2018 328,567 297,318 10.5% Average Sold for November, 2018 341,105 282,977 20.5% Total Active Residential 679 571 18.9% Total Active Non-Residential 455 530 -14.2% Total Active Listings 1,134 1,101 3.0% ***Data methodology for statistics has changed and historical revisions to the data have been applied. Data collection for reports prior to Mar/18 was based solely on sales & listings from QDAR Members, unless otherwise stated. Data collection for Mar/18 and onward is based on sales and listings in the QDAR jurisdiction and incorporates any historical revisions.
*Statistical information including the dollar sales volume, # of sales, # of listings, days on the market and average sale prices are based on firm transactions entered into the QDAR MLS® system between the first and last day of the month or the period reported.
MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.
The Quinte & District Association of REALTORS® Inc. is an Association of approximately 420 Ontario licensed REALTORS®. QDAR MLS® includes the Greater Quinte Region of Belleville, Quinte West, Prince Edward, Madoc, Marmora, Stirling, Tweed, Brighton, Trent Hills, Colborne, and Deseronto along with surrounding communities.
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch
Average Sale Price - Residential (within QDAR jurisdiction) $335,000
$270,000
$205,000
$140,000
$75,000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch
Dollar Sales - All Property Types (includes outside QDAR jurisdiction)
$975,000,000
$825,000,000
$675,000,000
$525,000,000
$375,000,000
$225,000,000
$75,000,000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch
Number of Sales - All Property Types (includes outside QDAR jurisdiction) 4000
3500
3000
2500
2000
1500
1000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS®) and/or the quality of services they provide (MLS®). Market Watch
Lake Ontario