Overall residential sales in the Montréal Metropolitan Area increased by 46 % in the first quarter of 2010 compared to the same period last year, and by 10% compared to the first quarter of 2008. In the first three months of the year, 3,865 condominiums were sold, up 13% compared to the previous record set in the first quarter of 2008.
Sales of single-family homes and plexes increased by 8% and 13%, respectively, compared to the first quarter of 2008, which was before the start of the last recession.
In terms of prices, the median price of single-family homes reached $243,000 in the first quarter of the year, an 8% increase compared to the first quarter of last year.
Condominiums registered an 8% increase to reach a median price of $200,000. The median price of plexes, which stood at $371,000, registered the largest increase, growing by 10% compared to the first three months of 2009.
“Lots of activity on the resale market as well as an increase in prices show that Montréal is a good place to live and a good place to invest,” concluded Michel Beauséjour.
Source: GMREB- [Greater Montreal Real Estate Board]
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 
Are prices in the 600-700000 range on the decline or selling well? In general, are these higher end middle market properties a sellers or buyers market in Montreal now? I heard that 500000 and under is still a sellers market but 5-7 is not. True? Is it better to list to sell in the summer or fall?
Thanks!
Fall market is always more active than the summer. Better list on fall