Tuesday, January 13, 2015

December Housing Sales Up vs 2012 & 2013

Montreal's resale market ended 2014 with a bang, recording its best December for housing sales in three years.

A total of 2,203 homes were sold in the final month of '14, a 9-per-cent increase over the same month in 2013, which, if we're being honest, was a pretty crappy year for the local housing scene. (I am looking at you Pauline Marois and your trio of ill-behaved frat boys, Drainville, Peladeau and Lisée.)

It is no secret that the housing market took a dive during the Parti Québeois' 18-month chair-warming tenure as government. That took care of the final quarter of 2012, all of 2013 and the first bit of 2014. Happily, sales began to regain equilibrium in the second half of last year.

The North Shore and Laval led the charge, registering an eye-popping  26 per cent and 19 per cent respectively. Sales were up on the island by 8 per cent and 4 per cent on the South Shore.

Somewhat surprisingly, sales of both single-family homes and condominiums rose by 9 per cent and plex sales rose by 10 per cent. This despite an abundance of new and resale condos available. The median home prices remained unchanged at $284,000, while condo prices inched up by two per cent.

The number of active listings also rose December over December by 8 per cent. More choice for everyone!

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