Montreal CMA home sales edged higher in March

by Steve Randall on 09 Apr 2019

Home sales have been increasing on a year-over-year basis every month for more than two years in the Montreal CMA.

March saw a modest increase in sales of 1%, taking total sales through the province’s Centris database to 5,710 according to the Quebec Professional Association of Real Estate Brokers (QPAREB).

Saint-Jean-sur-Richelieu was the standout area with a 21% jump in sales, while there were smaller gains for the South Shore (7%), the North Shore (5%) and Vaudreuil-Soulanges (4%).

The Island of Montreal posted a 6% drop in sales, while sales in Laval fell by 1%.

There was no change across the CMA for single-family home sales compared to March 2018 (3,203) while condo sales gained 5% (2,079) and plexes slipped 5% (422).

The median price of single-family homes continued to strengthen, reaching $331,000 (+5 per cent) in March. For condos, the median price gained 3% to $248,000; and for plexes (2 to 5 dwellings) the median price was unchanged year-over-year at $500,000.

Residential Statistics – Montreal CMA

 

March 2019

Sales

2019

2018

Variation

Total residential

5,710

5,631

1%

Single-family

3,203

3,209

0%

Condominium

2,079

1,975

5%

Plex (2-5 dwellings)

422

445

-5%

 

 

 

 

Median price

2019

2018

Variation

Single-family

$331,000

$ 314,859

5%

Condominium

$248,000

$240,000

3%

Plex

$500,000

$ 500,000

0%

 

 

 

 

Sales volume

2019

2018

Variation

Total residential

$2,123,221,897

$1,998,525,502

6%

 

 

 

 

Listings

2019

2018

Variation

Active

22,430

26,296

-15%

New

7,508

7,754

-3%

Post a Comment



Most Trending News

Demand for retirement residences on the rise
News

Verve Senior Living operates 30 retirement residences across Canada. Residents are independent, but Verve still offers medication management, mobility support, and more.

Read More
Hourly pool rentals are exploding in popularity
News

Swimply is an app that lets people rent a host’s backyard swimming pool by the hour and provides liability insurance for up to $1 million and $10,000 property damage insurance.

Read More
How TCS Marketing Systems differentiated itself from the competition
News

This team has a wealth of experience marketing and selling low-rise projects, including detached subdivisions and townhomes, in addition to condominiums.

Read More