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Real Estate Market Profile: Plateau Mont-Royal

Sales activity, average prices and appreciation rates in the Plateau Mont-Royal, Montreal

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According to the latest figures (Q3 2018) Montreal’s Plateau Mont-Royal borough registered the highest price growth rate for revenue properties, where the average building with two or more doors) appreciated by 14% year over year and 11% quarterly.

Here is a summary of real estate activity in the Plateau, based on Centris statistics for the first three quarters of 2018:

Sales Activity: All Property Types

Q3 2018 % Change Last 4 Quarters % Change
Sales 233 8% 1,145 11%
New Listings 308 -13% 1,532 -9%
Active listings 343 -33% 412 -33%

 

Sales increased by 8% in the third quarter, and by 11% year over year. Meanwhile, active listings continue to decrease, indicative of a seller’s market.

Single Family Homes: Sales and Prices

  • The median single family home cost $980,750 in 2018, which is a whopping 32% increase year over year.
  • Sales dropped by 20% in 2018 compared to 2017, as inventory was extremely limited.

Condominiums: Sales and Prices

  • The median Plateau condo cost $384,200 in Q3 2018, which is 12% higher than in Q2.
  • Overall in 2018, the average condo cost $379,500, 13% higher than in 2017.
  • Total sales activity increased by 13 % compared to 2017.
  • Active listings dropped by -36 %.

‘Plexes: Sales and Prices

  • The median revenue property cost $845,000 in Q3 2018, which is 11% higher than in Q2.
  • Overall in 2018, the average condo cost $843,000, 14% higher than in 2017. 
  • Total sales activity increased by 18 % compared to 2017.
  • Active listings dropped by -19 %.

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This article, Real Estate Market Profile: Plateau Mont-Royal, appeared first on Shupilov News. 

 

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