2024
2023
2022
2021
2016
2015
2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
2012
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
2011
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
2010
- November 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
2009
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
2008
- December 2008
- November 2008
- October 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
2007
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
2006
0
Team McGuigan Pepin is pleased to provide you with targeted MARKET REPORTS on the neighborhoods of your choice and emailed to you either monthly or quarterly.
December Sales: Prices Even Out
December Sales: Prices Even Out
Download the Graph The Westmount real estate market has been almost stagnant in the past several months after rising rapidly in the early part of 2011, but there is plenty of volume which indicates there are still buyers out there ready to pay the million-dollar prices Westmount has to offer.Though markups have dipped slightly in the past couple of months, the “typical” Westmount house price has has a value averaging $1,437,275 plus or minus one percent for every month since May.Nine sales were reported by agents in December, bringing the year’s total to 160 sales compared with only 147 in 2010, more than half of them over the $1 million mark for the third year in a row. Two December sales were for more than $2 million and the lowest price was $866,000, one of three sales under $1 million. All of the December sales were for more than municipal evaluation, between 9 and 34 percent markups, with an average 19 percent.For the entire year of 2011, the adjusted average price of a ‘Westmount home is almost exactly $1,400,000, up nine percent from 2010.Only one condominium sold in December and the late reporting of one apartment sale in November rounds out the total condo list for the fourth quarter of 2011. That brings the year’s total condo sales to 31, about the same as in 2008 and 2009 but six fewer than in 2010. The “typical” price of a condo moved up to almost $800,000 but the range was extremely wide, between $275,000 and $1,965,000.Adjacent Westmount was very quiet in December, with two house sales, both in the “Golden Square Mile” district downtown; a share of a duplex and a condo duplex sold in the area to the north of the city limits.Many vendors will be putting their houses on the market in the next few weeks for the spring market, and it appears there is still plenty of demand so the market appears strong to start the new year. With the world economic recovery still in its infancy and an American election brewing south of the border, we would expect the market to stay strong, but of course only time will tell.
To view PDF files, you must have Adobe Acrobat Reader or other compatible software installed on your machine. Click here to download the latest version of Acrobat Reader, then follow the instructions on Adobe's website.
ROYAL LEPAGE HÉRITAGE REAL ESTATE AGENCY
INDEPENDENTLY OWNED AND OPERATED
INDEPENDENTLY OWNED AND OPERATED
