Photo credit : Maurice Nantel
This month, we are introducing you to new neighbourhoods…
HoMa has the wind in its sails. Long ignored and judged, this working-class and industrial district has been redesigned over the past 20 years, and we can feel it in the real estate sector. 34% of its properties are sold at higher bidding. If we compare the first ten months of 2018 and 2019, this neighbourhood shows an 11% increase in its median selling price for its condominiums, but if we compare only the month of October, it is a 26% increase.
⦁ Condominium: 42% sold at a higher price with a median price of $290,000
⦁ Plex: Plexes in this neighbourhood are dealt on an average of 63 days with a median price of $562,500.
⦁ Single family: No sale at the asking price, 8 sold at 106% over the asking price within an average of 6 days and 8 sold at 97%.
An old neighbourhood on the banks of the Rivière des Prairies with beautiful parks and bike paths. This one, too, stands out for the substantial increase in its median selling price, from January 1 to October 31 it is an increase of 4% for condominiums sold but for October 2019, it is only 28% increase compared to October 2018.
⦁ Condominiums: 43 sold in October, with an average of 10 to 102% over the asking price within an average of 37 days.
⦁ Plex: 28 sales, 7 of which were sold within 8 days at 106%, on average, over the asking price.
⦁ Single-family: 25 sold, 6 of which were sold at an average overbid of 108% over the asking price.
Another booming district, located near the downtown, major highways and the ETS, is very popular! 40% of its properties are sold at higher bidding and this, within an average period of 12 days.
⦁ Co-ownership: 74 co-ownerships sold within an average of 32 days. With a median price of $371,500, this neighbourhood stands out for its steady growth.
⦁ Plex: 1 plex out of 2 sells for more… but at what price? $625,000 on average.
⦁ Single-family: 15 properties sold with a median price of $650,000. The average time out of the 7 sold by higher bid; 8 days.
Would you like to take advantage of the dynamism of the current market? Contact one of our brokers now, with no obligation on your part.