Market Report For July 2011 In Westmount, Quebec

MLS reported home sales slowed somewhat this July in Westmount to 11 from 23 in June. Active listings increased by 2 homes to 17 over last month. Existing inventory is now 8.1 months with the average for days sold dropping a little to 70 days.

I find this quite short considering the average sale in Westmount this month to be $1,160,000. The average discount from the asking price was 95% and within the norm. 7 contracts expired though it is likely we will see some of these homes come on market soon after summer vacation is over.

All in all, this is a good month for Westmount activity.

 

 

John B. Joseph has over 20 years of business to business experience in the U.S. and Canada in business process improvement, sales, consultation, sales management and has been helping buyers and sellers in real estate since 2005.

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

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: Oh Canada-The Can-Am connection
Post is included in group: Canada, eh
Post is included in group: Canada has Arrived!!
Post is included in group: Canada's Real Estate Investment Group
Post is included in group: Canadian Commercial Real Estate

2 Comments on Market Report For July 2011 In Westmount, Quebec

AUG
02
2011
872,278 Points 5 Featured Posts

John,

Excellent report and presentation. I expect Toronto numbers to be out tomorrow.

Brian
10:11pm • #1
AUG
03
2011
176,788 Points 2 Featured Posts Localism Sponsor

Thanks Brian!
4:40pm • #2


Captcha

Drag the leaf to the circle on the side.

Image?id=f42bc76d025667f58cd33b18e1e55afa8ff66dff Image?id=705c0c280833924971639972ed0396fb8ed0e08e Image?id=a2a0c8fbfe4ad4bcc314a55ae08988612cfbe20f Image?id=08c925ca706a047386db81e137917442f16d4dc9 Image?id=22e28e17f7adb74877172370affdd4aed8f2a2ca

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase:
Leave a response…

(optional)
Captcha

Drag the lock to the circle on the side.

Image?id=053de9431bec8cc5cfc5aad581fc2aad22aeaf71 Image?id=5b20019bb5eee1a353fed2022c26774749e704d0 Image?id=49c6a58ef2fd0b7dcfd2991dff90daeb87066c71 Image?id=805e6f274bb2e479a92a119f19904ae45f4b4e00 Image?id=a83c3806e345e19b460f74dfda4b0915003d69ef

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase: