November was a record year for home sales in the Quinte region.
The Quinte and District Realtors Association (QDAR) reports that 299 residential units were sold last month, an almost 40% increase from November of last year and a new sales record.
So far this year local realtors have sold 3,760 units, up by almost 13% from the first 11 months of 2019.
The benchmark price of a single-family home in the Quinte area last month was $430,000, up 28% from November of last year. The typical price of a condominium unit was $393,000, an increase of 32%.
Don McColl, President of QDAR, says no one would have thought as the pandemic began in the spring that real estate sales would be so strong.
If sales trends hold, 2020 would turn out to be the best year in the organization’s history.
See in depth sales reports here.
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