Courtesy of Laurie Fearon & Shapoor Hoghooghi

Montreal Real Estate Market: Strong Start to the Year With

MEDIAN SALE PRICES

$434,000 single family UP 23% year-over-year

$322,000 condo UP 17% year-over-year

New Sales and Price Records, Propelled by Condominiums and Plexes

L’Île-des-Sœurs, February 2, 2021– The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the Montreal Census Metropolitan Area (CMA) for the month of January, based on the real estate brokers’ Centris provincial database. “Despite more severe health restrictions, January continued in the footsteps of 2020. Condominiums and plexes registered record sales, including on the Island of Montreal, with the highest number of transactions ever recorded since the early 2000s,” said Charles Brant, director of market analysis at the QPAREB. “This has resulted in a drop in the inventory of properties available for sale in the areas peripheral to the Island. The slowdown in sales growth for the single-family home category is clearly attributable to a lack of active listings,” he added. Source: Quebec Professional Association of Real Estate Brokers (QPAREB)

5,042 11,176

NEW LISTINGS

ACTIVE LISTINGS (residential inventory)

1,980

MONTHS OF INVENTORY

2.8

1,541

Stats are Reflective of January 2021 Source: Quebec Professional Association of Real Estate Brokers (QPAREB) Market values stated are of the average of Edmonton and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to- date evaluation of your home.

single family detached SOLD LISTINGS condo

BUYING OR SELLING? CALL US, WE CAN HELP.

LAURIE FEARON & SHAPOOR HOGHOOGHI REAL ESTATE BROKERS

Laurie: 514.575.7984 | brokers@lauriefearon.com Shapoor: 514.295.8787 | brokers@shapoorhoghooghi.com

Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: dmsmarketing.ca Copyright© 2021 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.

Made with FlippingBook - Online Brochure Maker