Market Watch

For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873 December 2017
President Cathy Polan’s Comments:
QDAR Sales Economic/Mortgage
All Property Types The year has now come to a close, showing the local real estate market is up in some areas (Year Indicators
to Date Dollar Sales and Average prices) and down in others (available listings).
Prime Rate*
The month of December 2017 continued the trend of the past few months, with the monthly
Dec 2017 - 3.20%
146 174 Dollar Sales for All Property Types coming in at $43,722,990, down 6.4% from 2016, which was
$46,717,013. However, the final Dollar Sales for All Property Types for the current year reflects a
Conventional Mortgage*
Dec 17 Dec 16 healthy increase of 16.5%, ending with $1,172,448,518, compared to $1,006,531 for 2016.
1 year - 3.24%
The Average Residential Sale price for December 2017 was $312,110 up from $258,181 a year
3 year - 3.74%
ago, reflecting a significant 20.9% increase. The Year to Date Average Residential Sale price also
QDAR Average Price shows an increase of 15.8% over last year, with 2017 ending at $299,285 and 2016 ending with
5 year - 4.99%
All Property Types $258,470.
$299,473

$268,489

Residential Sales in Units sold in December were down significantly in 2017, with 114 units sold
compared to 151 units in 2016, which is a 24.5% decrease. The Year to Date number is much Sources and Notes:
closer, only 1.1% above last year, with 3,434 sold in 2017 and 3,398 in 2016.
*Bank of Canada, Rates for most
recently completed month
Dec 17 Dec 16 Active Residential Listings ended the year 30.6% below 2016, with 419 current active listings
compared to 604 listings a year ago. Listings for All Property Types ended the year 26% below
New QDAR Listings 2016 with 866 active listings at the end of 2017 and 1,171 at the end of 2016.
All Property Types
QDAR Active Listings QDAR Active QDAR Active Non-
All Property Types Residential Listings Residential Listings

177 205 866 1171 419 604 447 567

Dec 17 Dec 16 Dec 17 Dec 16 Dec 17 Dec 16 Dec 17 Dec 16

All Above figures reflect all transactions, including outside QDAR jurisdiction
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
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873 December 2017
Sales – All Property Types Sales – Residential
$0 to $99k 12 units representing 8.22% of sales $0 to $99k 1 units representing 0.88% of sales
$100k to $159k 12 units representing 8.22% of sales $100k to $159k 12 units representing 10.53% of sales
$160k to $199k 21 units representing 14.38% of sales $160k to $199k 13 units representing 11.40% of sales
$200k to $259k 31 units representing 21.23% of sales $200k to $259k 28 units representing 24.56% of sales
$260k to $349k 29 units representing 19.86% of sales $260k to $349k 29 units representing 25.44% of sales
$350k to $399k 16 units representing 10.96% of sales $350k to $399k 13 units representing 11.40% of sales
$400k to $499k 13 units representing 8.90% of sales $400k to $499k 11 units representing 9.65% of sales
$500k to $749k 7 units representing 4.79% of sales $500k to $749k 3 units representing 2.63% of sales
$750k to $999k 1 units representing 0.68% of sales $750k to $999k 1 units representing 0.88% of sales
$1,000,000 + 4 units representing 2.74% of sales $1,000,000 + 3 units representing 2.63% of sales
146 100% 114 100%
Major Area Average Days on Market of Solds Major Area Average Days on Market of Solds
Belleville 78 Belleville 41
Brighton 0 Brighton 63
Centre Hastings 0 Centre Hastings 21
Cramahe 0 Cramahe 0
Madoc Twp 0 Madoc Twp 41
Marmora and Lake 55 Marmora and Lake 177
Trent Hills 0 Trent Hills 4
Prince Edward 81 Prince Edward 67
Quinte West 70 Quinte West 33
Stirling/Rawdon 221 Stirling/Rawdon 32
Tweed Munic 11 Tweed Munic 93
Tyendinaga 105 Tyendinaga 35
Average 92 Average 50
Above figures reflect all transactions, including outside QDAR jurisdiction
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
December 2017
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873

Sales - All Property Types

1
4 12
7

13 12

$0 to $99k
$100k to $159k
16
$160k to $199k
21
$200k to $259k
$260k to $349k
$350k to $399k
$400k to $499k
$500k to $749k
Numbers indicate units 29 $750k to $999k
31 $1,000,000+

Above figures reflect all transactions, including outside QDAR jurisdiction

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
December 2017
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873

Sales - All Property Types

80
74

70 Single Family - Home: Detached Single

Family, 4.99 acres or less

60 Single Family - Other: Townhouse, Link,

Condo, Cottage, Row House, Modular, Mobile,
Semi
50
Residential - Other: Duplexes, Triplexes,
Fourplexes, Detached Single Family on 5-9.99
40 38 acres
Farm: selected as Farm or if Residential and
over 10 acres
30
Vacant Land
20 17
Commercial
10 7 8

2
0
Above figures reflect all transactions, including outside QDAR jurisdiction
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
December 2017
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873

Sales - Residential
1
3 1
3 12
11

$0 to $99k
13
$100k to $159k
13 $160k to $199k
$200k to $259k
$260k to $349k
$350k to $399k
$400k to $499k
$500k to $749k
28
$750k to $999k
Numbers indicate units
29 $1,000,000+

Above figures reflect all transactions, including outside QDAR jurisdiction

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
December 2017
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873

Sales - Residential

80
74 Single Family - Home: Detached Single
Family, on 4.99 acres or less
70

60
Single Family - Other: Townhouse, Link,
50 Condo, Cottage, Row House, Modular,
Mobile, Semi

40 38

30 Residential - Other: Duplexes, Triplexes,

Fourplexes AND Detached Single Family
on 5 - 9.99 acres
20

10
2
0
Above figures reflect all transactions, including outside QDAR jurisdiction
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
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873 December 2017
Dollar Sales - All Property Types
120

100
$0 - $99k
$100 - $159k
80 $160 - $199k
$200 - $259k
$260 - $349k
60 $350 - $399k
$400 - $499k
$500 - $749k
40
$750 - $999k
$1,000,000k +

20

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Above figures reflect all transactions, including outside QDAR jurisdiction

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
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873 December 2017
Dollar Sales - Residential

100

$0 - $99k
80 $100 - $159k
$160 - $199k
$200 - $259k
60 $260 - $349k
$350 - $399k
$400 - $499k
40
$500 - $749k
$750 - $999k
20 $1,000,000k +

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Above figures reflect all transactions, including outside QDAR jurisdiction

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
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873 December 2017
Statistical Information*
2017 2016 % Change
Dollar Sales - All Property Types - to December 31, 2017 $1,172,448,518 $1,006,561,531 16.5%
Dollar Sales - All Property Types - for December, 2017 $43,722,990 $46,717,013 -6.4%
Dollar Sales - Residential - to December 31, 2017 $1,027,745,805 $878,280,716 17.0%
Dollar Sales - Residential - for December, 2017 $35,580,590 $38,985,314 -8.7%
Listings - All Property Types - to December 31, 2017 5,905 6,252 -5.6%
Listings - All Property Types - for December, 2017 177 205 -13.7%
Listings - Residential - to December 31, 2017 4,573 4,851 -5.7%
Listings - Residential - for December, 2017 122 143 -14.7%
Sales - All Property Types - to December 31, 2017 3,942 3,927 0.4%
Sales - All Property Types - for December, 2017 146 174 -16.1%
Sales - Residential - to December 31, 2017 3,434 3,398 1.1%
Sales - Residential - for December, 2017 114 151 -24.5%
Average Res. Sold to December 31, 2017 299,285 258,470 15.8%
Average Res. Sold for December, 2017 312,110 258,181 20.9%
Average Sold to December 31, 2017 297,425 256,318 16.0%
Average Sold for December, 2017 299,473 268,489 11.5%
Total Active Residential 419 604 -30.6%
Total Active Non-Residential 447 567 -21.2%
Total Active Listings 866 1,171 -26.0%

Above figures reflect all transactions, including outside QDAR jurisdiction

*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 405 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
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873

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
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873

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
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873

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
For All QDAR Member Inquiries: (613)969-7873 / For All Media/Public Inquiries: (613)969-7873

Lake Ontario