Saturday, May 4, 2013

The Gap Between Asked and Sold Prices, Not All Montreal Neighborhoods Are Created Equal.

 Roberto Rocha, a tech-savvy reporter at The Gazette crunched some real-estate sales numbers to see which neighborhoods in Montreal have the smallest gap between asking prices and sale  prices in this softer than usual market. It makes for interesting reading.

These are are average listing and sale prices for all housing types combined. Nice to see my favorite, Verdun, up near the top of the list. I think it might have done even better had the numbers been parsed more closely to exclude Nuns' Island. The island and mainland are very distinct real estate beasts. 

I do wonder how it can be that Outremont, home to Quebec's francophone business, legal and health care elites and that great bald-headed Cirque du Soleil git Whatshisname, can possibly have an average asking price of $450,000. That will buy you a nicer than average house near the water in Verdun, but certainly not a three-bedroom starter mansion in Outremont. Hmm.

The Plateau, where I do a fair amount of business, remains a hot commodity, with properties selling for just a shade under 95 per cent of asking price.

Westmount trails the pack, with a nearly 10-per-cent gap between asking and sold prices.

Have a look. 

No comments:

Post a Comment

Hi, in an effort to cut down on spam, I will now be moderating comments prior to publication. If you're a real person with a real comment or question, I'll get to you as soon as I can. Thanks!