montreal real estate january 2017

Montreal Real Estate January 2017

Montreal Real Estate January 2017

Montreal real estate January 2017, the details according to Centris

“January’s sales increase can be largely attributed to the number of condominium transactions, which jumped by 21 per cent compared to January of last year,” said Daniel Dagenais, President of the GMREB Board of Directors. “What’s more, condominium sales increased in all geographic areas and in all price ranges,” added Mr. Dagenais.

“Sales by geographic area

  • For all property categories combined, January’s results show an increase in residential sales in the areas of Vaudreuil-Soulanges (+18 per cent), the Island of Montréal (+10 per cent) and the North Shore (+2 per cent).
  • Sales in the areas of Laval and the South Shore were unchanged compared to January of last year.

Sales by property category

  • Condominium sales in January 2017 were robust, jumping by 21 per cent, while sales of plexes (2 to 5 dwellings) grew by 6 per cent. In contrast, single-family home sales in the Montréal CMA fell slightly by 3 per cent.

Prices

  • In terms of price growth, single-family homes led the way with a 6 per cent increase in median price ($297,389) across the CMA.
  • The median price of plexes ($460,000) increased by 5 per cent.
  • As for condominiums, their median price was flat as compared to January 2016, with half of all units selling for more than $240,000.

Number of properties for sale

The number of properties for sale (28,280 active listings), all property categories combined, dropped by 14 per cent in January across the Montréal CMA. This was the sixteenth consecutive monthly decrease. ”

Centis sales statistics – January 2017

Uploaded by CIGM GMREB on 2017-02-07.

Source: Centris

Bonnie Meisels
buymontrealrealestate@gmail.com
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