The Quebec Professional Association of Real Estate Brokers (QPAREB) says there were 4,370 homes sold through the provincial Centris database last month, up 8% year-over-year.
Of the 6 main areas in the CMA, four saw strong increases in sales with the North Shore (17%), Laval (16%), the South Shore (10%) and Saint-Jean-sur-Richelieu (10%) all posting double-digit gains; there was no change for Vaudreuil-Soulanges; sales on the Island of Montreal fell 1%.
Although single-family homes accounted for the largest number of sales across the Montreal CMA (2,436), that sector’s 4% year-over-year rise in sales was small compared to the 14% surge for condos (1,588). There were 339 sales of plexes, a 7% gain.
Prices rise as inventory falls
The median price of single-family homes across the CMA increased by 3% to reach $320,000 while the median price of condominiums remained unchanged at $250,000.
The largest percentage gain in median price was for plexes (2 to 5 dwellings), rising 8% to $522,000.
There were 22,252 active residential listings in the Montreal CMA, a 15% drop compared to one year earlier.
MBN
We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.
Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome and rewarded!
No comments:
Post a Comment