Montreal Real Estate Blog » GMREB

How’s the Market? Montreal Sales and Prices November 2011

Deya Bautista — Mon, 12 Dec 2011 15:40:41 +0000

http://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/

How’s The Market? Provincial Third Quarter Update

Deya Bautista — Mon, 31 Oct 2011 11:04:15 +0000

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 year’s.

And overall, it was Quebec City who had the most action in the resale market: 7% more sales, and a price increase of 5%. Their homes are still considerable affordable at 227,000. Which is almost imposible to find now here in the island.

That’s it for now. We’ll be waiting for the new monthly stats and I will keep you posted!

Market Update: September Condo Sales Stayed Strong

Deya Bautista — Mon, 24 Oct 2011 11:35:27 +0000

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 on the North and South Shore respectively. With all the traffic and problems with infrastructure happening, it was expected to hear the south shore isn’t doing so well in sales.

But back to the main topic, and as it has been for the past few months. The condo market it’s still on the lead:

“Once again, the increase in sales in the Montréal Metropolitan Area can be attributed to the performance of condominiums. Sales of condominiums were particularly vibrant in Laval (+40 per cent) and on the Island of Montréal (+10 per cent).

Now, let’s talk prices….

The median prices have increased (of course) and here are the numbers:

Single Family homes: $266,750 – 6% more than last year.
Condos: $220,000 – an increase of 2%
Plexes; $400,000 – a 6% increase.

Now, if you see the condo’s increase it is only by 2%- price wise, but the sales were up for a lot more than that.

Looking to sell your condo? Contact me for a free appraisal!

Click here to view the complete article from GMREB

How’s the market: June and July’s Report

Deya Bautista — Mon, 22 Aug 2011 11:30:24 +0000

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.

Montreal Market Report: Condo Sales Pick Up in May

Deya Bautista — Thu, 16 Jun 2011 12:45:49 +0000

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.

Montreal Market Update: August 2010 – Properties Selling Faster

Deya Bautista — Wed, 15 Sep 2010 14:11:49 +0000

Properties in the Montréal Metropolitan Area were selling faster in August 2010 compared to the same period last year according to the Greater Montréal Real Estate Board’s (GMREB) MLS® statistics.

In August 2010, single-family homes in the Montreal area sold in an average of 69 days, 10 days faster than in August 2009. Condominiums sold in an average of 79 days, a decrease of 11 days. Plexes sold the fastest with an average sale time of 62 days, 29 fewer days compared to the same period last year.

“The real estate market in the Montréal area is currently a seller’s market: average selling times are very short and the number of properties available on the market decreased for the thirteenth consecutive month in August, leaving slightly less choice for buyers,” said Diane Ménard, Vice-President of the Board of Directors of the GMREB. “Because market conditions are tighter, property prices in the Montréal area continued to increase,” she added.

The median price of single-family homes in the Montréal area reached $254,000 in August 2010, a 7 per cent increase compared to August 2009. The median price of condominiums increased by 9 per cent to reach $215,000, while that of plexes increased by 14 per cent to reach $395,000.

In terms of sales, the market slowed in August 2010 as the number of residential sales in the Montréal area decreased by 16 per cent compared to August 2009. Sales of single-family homes decreased by 16 per cent, sales of condominiums decreased by 13 per cent, and sales of plexes fell by 22 per cent.

Geographically, all areas posted a decrease in sales similar to that of the Montréal Metropolitan Area as a whole. The North Shore had the smallest decrease in sales, at 11 per cent, while the Island of Montréal posted a 16 per cent decrease in sales. Laval, Vaudreuil-Soulanges and the South Shore posted decreases of 18, 17 and 18 per cent, respectively.

“Summer is always a slower period for the real estate market. Last year, however, the market was more active than usual as we were emerging from the recession,” said Ms. Ménard. “It is therefore too early to talk of a market downturn, particularly since year-to-date sales are up by 8 per cent. It will be interesting to see how the market performs in the fall, which is normally a more active period,” she added.

As at August 31, 2010, the number of active listings on the MLS® system decreased by 3 per cent in comparison with the same date last year.

Source: Greater Montreal Real Estate Board

How’s the market: June & July 2010

Deya Bautista — Thu, 02 Sep 2010 13:00:05 +0000

Catching up with the market updates. August’s market report is not out yet, and while we wait for the new numbers, here is a quick review on how the previous months performed: In terms of sales and active listings, the months of June and July were quite similar.

Compared to 2009, both months had a decrease in sales.

June’s total sales were down by 19%, while July’s decrease was 26%.
There was also a decrease of the active listings during these two months: 10% less for June and July followed with -7%.

Regardless of the slow market, the median prices of went up.

In June, median prices for Single Family Homes, Condos and Plexes* increased by 8%.
July median prices shows an increase of 5% for Single Family Homes, 8% for condos and 9% for Plexes*

* Plexes (2 to 5 dwellings)

View the complete reports: June 2010 | July 2010. Source: GMREB