Montreal Remains a Seller’s Market Heading into 2020

 

Just when we thought the market couldn’t shine any brighter, the stats continue to prove us wrong and show that the real estate market will outshine all of the holiday lights this season!

When compared to November of 2018, we saw a 13% increase in home sales with a total of 4084 transactions, according to the Quebec Professional Association of Real Estate Brokers (QPAREB). To go into more detail; condo sales had a huge increase of 21%, single-family home sales rose 11%, and plex sales had a 4% increase.

 

Areas with the most significant rise in sales transactions this past month:

Vaudreuil-Soulanges: 48%
Saint-Jean sur Richelieu: 41%
Laval: 21%
South Shore: 16%
North Shore: 9%
Island of Montreal: 7%

Low inventory means higher prices! It is interesting to note that sales continued to rise despite the diminished supply of homes for sale. Inventory was down 22% from November 2018.

 

In just the last year alone, we have seen higher prices across the board:

Montréal-area single-family median home prices up by 6%
Median condo prices up by 9%
Median plex prices up by 11%

 

What are your 2020 real estate goals?

As the New Year approaches, it will be important for homeowners and buyers to consider the quick sales turnover speed that we’re experiencing. Properties are selling quickly, with this past month’s statistics being relatively unprecedented since 2004. Whether you have questions about your home or if you’d like to discuss your next move, I look forward to hearing from you.

 

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Listed & Sold by Carly Fridman!

 

Stunning Luxury home in Hampstead

This luxury stone home sits on a vast 10,200 sqft corner lot. Located on one of the most sought after streets in Old Hampstead, across from Hampstead park. 3+1 Bedrooms,  4+1 bathrooms, and a 2 car garage. The property boasts a beautifully landscaped backyard with an in-ground pool and patio area – perfect for entertaining!

57 Hampstead Road, Hampstead

Offered at$2,650,000

 

Hampstead Market

 

There is a demand for large luxury homes in Hampstead. I have many buyers who are still looking for a home similar to this one. What are your real estate goals for 2019? Whether you have questions about your home and the Montreal market or if you’d like to discuss your next move, I look forward to hearing from you.

 

 

 

 

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Want to know more?

Contact me today for more details.

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Royal LePage House Price Survey and 2017 Forecast

Canada’s residential real estate market saw significant year-over-year price appreciation in the fourth quarter of 2016, supported by considerable gains in the Greater Toronto Area (GTA) and Greater Vancouver, according to the Royal LePage House Price Survey[1] and Market Survey Forecast released today. Looking ahead, Royal LePage expects the regional extremes in house price appreciation that characterized the national real estate market in 2016 to narrow in 2017.

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White room with designer accent chairs and dining table in the background

Selling In the Spring

Spring might be an even livelier home-selling season this year because buyers want to act before interest rates or home prices rise.

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