Wednesday, December 7, 2011

Montreal Resales Top the Billion Dollar Mark

Montreal home sales rose by three per cent in October, the sixth straight month of sales increase in the metropolitan area.
The big news is that sales topped the $1-billion mark, a notable accomplishment in a market where the average price of a single-family home is in the range of $270,000 and the average condo just under $227,000.
Price hikes were seen in most parts of Greater Montreal, with the exception of the South Shore, where sales were flat and the nunber of active listings rose by 21 per cent.
For the record, only a modest part of that $1 billion ended up in my mink-lined pocket last month.

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