How’s the Market: Montreal Sales Going Strong – March 2012
The numbers for March sales are out!. The Montreal Real Estate Board informs us of the tenth consecutive monthly increase.
“MLS® sales increased by 4 per cent compared to March 2011, making March 2012 the second best month of March on record, identical to March 2007.”
Sales wise….
Something a little different happened with the property types. Usually it’s the condo market that always has the lead in terms of sales. Continue reading: How’s the Market: Montreal Sales Going Strong – March 2012
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889 http://montrealrealestateblog.com/
How’s the Market: January 2012 vs Jan2011 Stats
The Greater Montreal Real Estate Board released the numbers from last month, and according to their report, January brought a 1% increase in sales for the markets in Vaudreuil-Soulanges, South shore and North shore. The montreal area had, however, a drop in sales Continue reading: How’s the Market: January 2012 vs Jan2011 Stats
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889 http://montrealrealestateblog.com/
December 2011: Year Ends with More Sales
December marks the 7th consecutive monthly increase in existing-home sales. Compared to sales from December 2010, in 2011 there were 7% more sales according to the Greater Montréal Real Estate Board (GMREB).
From all the areas that had increases; Vaudreuil-Soulanges (+39%), North Shore (+28%), Laval (+9%) and the South Shore (+2%). Only the Island of Montréal had a decrease in sales (-4%).
Sales increased for all property categories.
- Single-family homes 8%
- Condominiums 6% and
- Plexes 3%.
In terms of prices…
- Single-family homes had a decrease in median price (-1%) to reach $260,000.
- The median price of condominiums increased by 2% to reach $222,000,
- Median price of Plexes went up by 5%, reaching $405,950.
In a nutshell, The Island of Montreal had more listings and less sales in December 2011.
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Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889 http://montrealrealestateblog.com/
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- April: Resale Market’s Best Month Since the Start of the Year
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- Montreal Market Report: Condo Sales Pick Up in May
How’s the Market? Montreal Sales and Prices November 2011
www.youtube.com/watch?v=mKp12Mv-oFs
The november numbers are out already!
This time from the Montreal Real Estate Board. We had 3% more sales than in Nov 2010.
All property types had sales increase and prices went up by 4%.
Watch the video to get the details. I’m still working on the transcript!
If you’re not able to watch the video from your email, here is the permalink:
http://montrealrealestateblog.com/market-stats-nov2011/
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in high end condos in downtown and Old Montreal. For buying or selling contact Deya at: 514.917.7889 http://montrealrealestateblog.com/
Related Articles:
- Montreal Market Report: Condo Sales Pick Up in May
- Video Blog: Episode One
- Market Update: September Condo Sales Stayed Strong
How’s The Market? Provincial Third Quarter Update
Good morning Montreal! Nothing like a monday morning market and sale s chart to start your week of :) To give you a wider perspective on the quarterly market update: Montreal had 7,796 sales transactions, representing a 4% increase than last year’s quarterly sales. Median prices (houses) reached $270,000, translating into 6% more than last… [Continue Reading][ Visit my blog for the complete article ;) ]
Market Update: September Condo Sales Stayed Strong
The Greater Montreal Real Estate Board (GMREB) released the latest numbers, comparing last’s years market performance and price increases to this year’s. September 2011 had 1% more sales than September last year. Condos had 8% more sales, but the single family homes and plexes were down in sales. They also mentioned that sales were down… [Continue Reading][ Visit my blog for the complete article ;) ]
How’s the market: June and July’s Report
We had had quite a busy summer this year. Although earlier on it was said that 2011 would not be as busy as last year’s summer in terms of sale, it turned out to be a little better than expected.
June had 5% more sales than the year before and last month’s sales were not lagging behind either. According to the Montreal Real Estate Board, 13% more sales were done this year in July compared to 2010′s. Also, condos continue to take the lead with 19% more units sold than in 2010.
Thinking about selling your condo? Contact me for a free appraisal.
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889
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International Real Estate Market: How Does Canada Rank?
The residential real estate activity from 12 developed countries were analyzed and compared from the first quarter of 2010 to the same period this year. And despite the comments on: “High property prices, the tightening of mortgage insurance rules and the increase in mortgage rates limited demand, particularly among first-time buyers.” – ( and blah blah blah…) Canada ranked pretty darned high.
Here are the International Top 3 Markets:
The first place: Ireland (+12%). {data from the 2010 market}
Second place: France (+6.8%)
Third place: Canada !!! (+5.3%)
In contrast, the countries with the largest price decreases in 2011 were:
Spain ( 8.5%)
The United States ( 4.8 %)
The United Kingdom ( 4.2 %)
Source: the Scotia Economics department at Scotiabank. Click here to read the report.
Seeing where we are ranking worldwide, gives us a better perspective on where we’re standing in terms of growth. We have a strong and stable economy by comparison. Here in Quebec, the market isn’t as volatile as the rest of the country. We have a moderate and steady growth, which makes it a great place for a sound investment.
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889
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Condo Sales Increase: Not Only in The Metropolis
Interesting information in one of the FCIQ articles called: “Condominiums: No Longer Restricted to Large Urban Centres”
It mentions that over the past 10 years (from 2000 to 2010), the condo market in Quebec has rapidly increased with sales that grew by 124% compared to that of single family homes which only went up to 41%. So more condos were sold than family homes.
You’d think that condos were only heading the market on urban areas, but they are saying: “Saint-Hyacinthe, Saint-Jean-sur-Richelieu and Granby, condominium sales accounted respectively for 20, 14 and 12 per cent of all residential sales.”
Smaller urban centers are taking up condo living, it isn’t a downtown thing any more. And with some many options, prices and styles for condos, it doesn’t surprise you that young buyers are deciding for a more practical living quarters, such as a condo over purchasing a house.
If you’re in the market for condo buying or would like to sell your condo, contact me for more information on all our Real Estate services.
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889
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Montreal Market Report: Condo Sales Pick Up in May
MLS® Residential Statistics for the Montréal Metropolitan Area
“There were 4,186 MLS® sales transactions in the Montréal Metropolitan Area in May 2011, a 4 per cent decrease compared to May 2010, according to the Greater Montréal Real Estate Board (GMREB). Despite this slight decrease in real estate activity, condominium sales actually increased by 4 per cent in May. ”
While sales decreased by 5% on the Island of Montréal, condominium sales increased by 6%. The most active areas, in term of sales were the following:
- Rosemont/Villeray +29% (more sales than last year)
- Le Plateau +21%
- South-West +16%
In Laval, there was a decrease of 14%(overall) but the condo sale remained stable. Also in the South Shore, condo sales were up by 6%
Median Prices Went Up
In Montreal, condo’s median price reached $220,739, a 7% increase compared to May 2010. The median price of single-family homes reached $266,500, a 4% increased while that of plexes remained stable at $390,000.
And, there was 19% more listings this May than it was last year’s.
These are great news for both buyers and sellers. There has been talk about a slowing down of the market, but even if the sales are not as string as last year’s, the condo market remains untouched.
Looking to sale your condo? Contact me for a free market evaluation.
Posted By: Deya Bautista - Real Estate Broker working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889
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