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Which Montreal Areas Showed The Highest Appreciation Rates At The End Of 2018?

Real estate growth rates across neighborhoods in the fourth quarter of 2018.

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According to the FCIQ’s latest real estate barometer, 2018 ended with market conditions firmly in favour of sellers for single-family homes, condominiums and ‘plexes.

Single family home demand largely exceeds supply on Montreal Island, where the number of months of inventory was slightly less than five.

Real estate prices have continued to grow at a rapid pace, reflecting a competitive seller’s market. The median price of single-family homes ($323,000) rose by 4%. Condominiums recorded a 3% increase in median price, to reach $255,000. ‘Plexes reached a median price of $514,000 in 2018, an increase of 8%.

Highest median price growth for single family homes, Q4, 2018

  • Cote des Neiges / Cote Saint Luc: $790,500 – appreciation of 30%
  • Brossard / Saint-Lambert: $503,000 – appreciation of 24%
  • Saint-Athenase/Iberville: $245,000 – appreciation of 23%
  • South West: $635,000 – appreciation of 21%
  • Vaudreuil-Dorion: $329,500 – appreciation of 15%

Highest median price growth for condominiums, Q4, 2018

  • West Island South: $317,324 – appreciation of 27%
  • CDN/CSL – $357,500 – appreciation of 15%
  • Anjou / Saint Leonard: $235,000 – appreciation of 15%
  • Plateau: $410,000 – appreciation of 14%
  • NDG/Montreal Ouest: $410,000 – appreciation of 14%

Highest median price growth for ‘plexes, Q4, 2018

  • Lachine/Lasalle: $500,000 – appreciation of 13%
  • South Shore: $434,900 – appreciation of 13%
  • Downtown Laval: $505,000 – appreciation of 11%
  • South West: $580,000 – appreciation of 10%
  • Rosemont: $630,000 – appreciation of 9%

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This article, Which Montreal Areas Showed The Highest Appreciation Rates At The End Of 2018?, appeared first on Shupilov News.

 

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