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.