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 that sold this month were in the lower price range for Westmount properties if you compare the 11 sales this month with the 9 sales last month that had an average price of $1,300,000.

Expired contracts rose slightly from 6 to 8 properties. Of course, this is only exhibits what is happening in the market and is skewed by contracts that close out towards summer, and do not identify those that are renewed.

------------------------------------------------------------------------------------------

Better information to help you buy or sell real estate confidently in Montreal, QC

Meilleur d'informations a vous aideront à acheter ou vendre immobilier en toute confiance à Montréal, Qc

  John B. Joseph, B.Comm
       Certified Real Estate Broker
          Courtier Immobilier Agréé
    www.johnbjoseph.com

         John B Joseph on Facebook   John B Joseph on Twitter   John B Joseph on Linkedin

 
This post has been included in Quebec Real Estate News Montreal Area, QC Real Estate News Westmount, QC Real Estate News
Post is included in group: Canada, eh
Post is included in group: Facebook
Post is included in group: Localism - Business in Quebec

3 Comments on Market Report for Westmount Homes - June 2010

JUL
07
2010
868,446 Points 5 Featured Posts
John, Westmount is an excellent area in Montreal, in fact in all of Canada. Similar areas in Toronto experienced the same decline. Brian
8:44pm • #1
JUL
19
2010
274,769 Points 3 Featured Posts Attended Rain Camp Called Shot Master

Hi John,

I enjoyed going through your market report for home sales in Westmount.

Wow- I feel pretty good about our supply of homes in Lafayette/West Lafayette.  They range from about 4.7 month to 6.7 month supply of homes for the first half of 2010.  I think that will probably go up as things have slowed after the tax credit expired.

How does your 9 month supply of home compare to last summer?
10:23pm • #2
JUL
28
2010
878,477 Points 75 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

John nice work with your summary for Westmount Homes. I hope you are kicking butt!
8:13am • #3


What does the graphic say?
Leave a response…

(optional)
Spam Prevention: