Market Report for Westmount Homes - June 2010 - 07/07/10 05:32 PM
Market Report for Westmount Homes - June 2010
11 homes in Westmount sold on the MLS® system within a reasonable average of 96 days on market as inventory levels dropped a little to 9.1 months supply on 100 active properties over the 11 recorded sales. Do note that as not all properties are sold using MLS®, these figures are presented to identify overall trends and averages as an indication of the current market state.
Discount levels were a little lower this month at 7% off last asking price over 5% in May for an average sale value of $960,000. The homes … (3 comments)

Market Report For Notre Dame-de-Grace (NDG) Montreal - June 2010 - 07/07/10 05:28 PM
Market Report For Notre Dame-de-Grace (NDG) Montreal - June 2010
June home sales in NDG on the MLS® system were posted at 19 sales averaging $541,026, down from May’s $580,000. Discount levels were up slightly at 96% over May’s 98% which is insignificant based on so few sales though may be considered okay with the market slowing down for summer and supported by the rise in days on market to 49 days from 27 in May.
Inventory was down to 1.7 months supply on the 33 homes available for sale over the 19 properties sold for the month. And given this … (0 comments)

Market Report For Downtown Montreal Condos - June 2010 - 07/07/10 05:23 PM
Market Report For Downtown Montreal Condos - June 2010
Market activity for Downtown Montreal condominiums this June was average with the MLS® system recording 27 sales. 227 active properties in the market, 41 new condos came to market over 64, 51 and 64 for the 3 previous months suggesting a seasonal slowing down for the summer months. Inventory went down a touch from 9.5 to 8.3 months from May.
The average price on June sales was down at $510,028 from May’s $607,338 on a low discount level of 6% off the last asking price for 2010.
Properties sold in June averaged … (0 comments)

Market Report for Montreal Ouest - June 2010 - 07/07/10 05:18 PM
Market Report for Montreal Ouest - June 2010
The MLS ® system recorded 3 sales in Montreal-Ouest this June. 5 new homes came to market, the same number for 3 months in a row and 6 in March. The average price for the 3 sales was $551,247 and were discounted an average of 94% of the last asking price.
Days these properties were on market were 27 days which is very low showing again the high demand for this sector.
The month’s inventory too was low at 4 months based on the 12 active properties divided by the 3 sales. As … (0 comments)

Market Report For Notre Dame-de-Grace (NDG) Montreal For May 2010 - 07/06/10 05:02 PM
Market Report For Notre Dame-de-Grace (NDG) Montreal For May 2010
NDG is a popular sector for families looking for a family home in a setting close to the downtown core of Montreal. While it is a semi-suburban area, with the trappings including walking distance to all services,  the streets are still not suburbia in that most are traffic prone and so the kiddies playing hockey, hopscotch and the like in the street are unlikely. If there is any failing to this sector, this is the one I notice most. However, city facilities and parks abound compensating for this lacking in my … (2 comments)

Market Report for Downtown Montreal Condos For May 2010 - 07/06/10 04:32 PM
Market Report for Downtown Montreal Condos For May 2010
Downtown Montreal condominium market activity in May 2010 was normal but not impressive. MLS® recorded 24 sales which were close to the median for the last 12 months. With 227 properties in the market and 64 new condos put up for sale the inventory went up to 9.5 months from 4.9 in April.
The average price for these sales was $607,338 was the second highest in the last 12 months while maintaining an average discount level of 95% off the last asking price for the last 4 months.
The time properties stayed … (1 comments)

Market Report for Montreal Ouest For May 2010 - 07/06/10 04:10 PM
Market Report for Montreal Ouest For May 2010
May 2010 in Montreal-Ouest was an average month for the sector. 5 new homes came to market in the MLS ® system. This is the reigning average for the last 12 months.  And the same average in sales was met for the 3 homes sold with an average value of $598,000 sales price.
Prices for the last 6 months have averaged out at $536,200 which is 3.1% higher than the 12 month period of 2009. It should be noted that there are low sales due to the length of time residents remain in … (1 comments)