Your #1 Source of Montreal Real Estate News

Centris Residential Sales Statistics: January 2019

Montreal's residential real estate market is off to a robust start in 2019.

0 513

The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial database.

In total, 2,976 residential sales were concluded in January 2019, a 15 per cent increase compared to January of last year. This was the 47th consecutive increase in sales.

Residential Statistics – Montreal CMA

January 2019

Sales

2019

2018

Variation

Total residential

2,976

2,586

15%

Single-family

1,674

1,428

17%

Condominium

1,053

903

17%

Plex (2-5 dwellings)

247

254

-3%

Median price

2019

2018

Variation

Single-family

$316,000

$307,000

3%

Condominium

$248,271

$244,500

2%

Plex

$515,000

$495,000

4%

Sales volume

2019

2018

Variation

Total residential

1,086,931,980

933,469,651

16%

Listings

2019

2018

Variation

Active

20,873

24,918

-16%

New

6,312

6,214

2%

 

Sales by geographic area

  • All six main areas of the Montreal CMA registered an increase in sales in January.
  • Laval, Vaudreuil-Soulanges, the North Shore and the South Shore stood out with respective sales increases of 30 per cent, 23 per cent, 22 per cent and 17 per cent.
  • Sales also increased on the Island of Montreal (+6 per cent) and in Saint-Jean-sur-Richelieu (+2 per cent).

Sales by property category

  • Across the Montreal CMA, single-family home and condominium transactions both increased by 17 per cent to reach 1,674 sales and 1,053 sales, respectively. Plex sales fell by 3 per cent, with 247 transactions.

Prices

  • The median price of single-family homes and condominiums across the CMA continued to climb in January, reaching $316,000 (+3 per cent) and $248,271 (+2 per cent), respectively.
  • The median price of plexes registered a solid increase of 4 per cent compared to January 2018 to reach $515,000.

Number of properties for sale

In January, there were 20,873 active residential listings in the Montreal CMA, a 16 per cent drop compared to one year earlier.

Original article via Newswire.


This article, Centris Residential Sales Statistics: January 2019, appeared first on Shupilov News.

 

Want to stay informed on the latest real estate news?

Subscribe to get the latest news delivered straight to your inbox every week

Leave A Reply

Your email address will not be published.