{"id":66241,"date":"2024-12-06T15:55:56","date_gmt":"2024-12-06T15:55:56","guid":{"rendered":"https:\/\/yanicksarrazin.com\/?p=66241"},"modified":"2024-12-09T17:11:07","modified_gmt":"2024-12-09T17:11:07","slug":"real-estate-statistics-november-2024-the-montreal-real-estate-market-is-booming","status":"publish","type":"post","link":"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/real-estate-statistics-november-2024-the-montreal-real-estate-market-is-booming\/","title":{"rendered":"Real estate statistics – November 2024: The Montreal real estate market is booming"},"content":{"rendered":"\t\t
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Our Montreal real estate brokers<\/a> have recently analyzed the latest APCIQ<\/a> real estate statistics, covering the month of November 2024. In order to assess trends and developments in the Montreal<\/a> real estate market over the past year, this analysis aims to compare the results obtained in November 2024 with data from November 2023. For a more precise analysis, real estate brokers<\/a> have structured their observations into three main categories: single-family homes<\/strong>, divided and undivided co-ownerships<\/strong>, and plexes<\/strong> (2 to 5 units).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Analysis of real estate statistics for Montreal neighborhoods<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Plateau-Mont-Royal<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Single-family homes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the Plateau-Mont-Royal<\/a> district, there was a significant drop in the number of single-family properties, from 5<\/strong> to 4<\/strong> transactions, a decrease of 20%<\/strong>. On the other hand, the sale price of properties rose significantly, from $1 026 000<\/strong> to $1 276 250<\/strong>, an increase of 24%<\/strong>. Finally, the average selling time rose from 33<\/strong> to 51<\/strong> days, an extension of 18 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Condominiums<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sales of divided and undivided co-ownerships on the Plateau<\/a> rose significantly, from 46<\/strong> to 67<\/strong> transactions, an increase of 45%<\/strong>. The average sale price also rose, from $516 590<\/strong> to $571 723<\/strong>, an increase of 11%<\/strong>. Lastly, the average sales time decreased slightly, from 47<\/strong> to 45 days<\/strong>, a reduction of 2 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Plexes (2-5 units)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The number of income property sales on the Plateau-Mont-Royal<\/a> also rose, from 22<\/strong> to 31<\/strong> transactions, an increase of 41%<\/strong>. Plexes also sold faster, with the average time to market falling from 94<\/strong> to 55 days<\/strong>, a decrease of 39 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Rosemont-La-Petite-Patrie<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Single-family homes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the Rosemont<\/a> district, sales of single-family homes rose sharply, from 1<\/strong> to 5<\/strong> transactions, an increase of 400%<\/strong>. House prices also rose, from $499 000<\/strong> to $1 411 200<\/strong>, an impressive 80%<\/strong> increase. Lastly, the time to sell rose slightly, from 68<\/strong> to 76 days<\/strong>, an increase of 8 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Condominiums<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sales of divided and undivided condominiums in the Rosemont-La-Petite-Patrie<\/a> borough also rose, from 46<\/strong> to 67<\/strong> transactions, an increase of 45%<\/strong>. Sales prices followed this trend, rising from $516 590<\/strong> to $571 723<\/strong>, an increase of 11%<\/strong>. Finally, the average selling time decreased slightly, from 47<\/strong> to 45 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Plexes (2-5 units)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the Rosemont<\/a> district, sales of income properties also rose, from 22<\/strong> to 31<\/strong> transactions, an increase of 41%<\/strong>. At the same time, these properties sold more quickly, with the average time to market dropping from 94<\/strong> to 55 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Villeray-Saint-Michel-Parc-Extension<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Single-family homes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the Villeray-Saint-Michel-Parc-Extension<\/a> district, the number of sales rose sharply, from 5<\/strong> to 11 transactions<\/strong>, an increase of 120%<\/strong>. The average sale price followed this trend, rising from $700 000<\/strong> to $881 000<\/strong>, an increase of 25%<\/strong>. Finally, the average selling time decreased by 5 days<\/strong>, from 58<\/strong> to 53 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Condominiums<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sales of divided and undivided condominiums in the Villeray<\/a> district fell from 36<\/strong> to 23<\/strong> transactions, a decrease of 36%<\/strong>. The average sale price also fell, from $522 258<\/strong> to $485 000<\/strong>, a drop of around 7%<\/strong>. Finally, the average sales time increased from 36<\/strong> to 49 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Plexes (2-5 units)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The income property market in the Villeray<\/a> district also recorded a slight increase, rising from 23<\/strong> to 26<\/strong> transactions. However, these sales took longer on average, from 65<\/strong> to 75 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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HOMA<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Single-family homes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In the Hochelaga-Maisonneuve<\/a> district, the number of single-family home sales remained stable at 2<\/strong> transactions. However, the average sale price rose considerably, from $670 000<\/strong> to $1 015 000<\/strong>, an increase of approximately 51.5%<\/strong>. Finally, the average selling time also increased, from 23<\/strong> to 33 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Condominiums<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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As for sales of divided and undivided condominiums in the Hochelaga-Maisonneuve<\/a> district, the number of transactions almost doubled, from 22<\/strong> to 43<\/strong>, an increase of 95.5%<\/strong>. On the other hand, the average sale price fell slightly, from $422 623<\/strong> to $417 807<\/strong>, a decrease of 1%<\/strong>. Finally, the average sales time decreased from 67<\/strong> to 50 days<\/strong>, a reduction of 17 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Plexes (2-5 units)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sales of income properties in Hochelaga-Maisonneuve<\/a> also rose, from 5<\/strong> to 14<\/strong>, an increase of 180%<\/strong>. The average sale time also decreased, from 73<\/strong> to 67 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Outremont<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Single-family homes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In Outremont, sales of single-family homes rose considerably, from 1<\/strong> to 9<\/strong> transactions, an increase of 800%<\/strong>. However, the average sale price fell from $5 500 000<\/strong> to $2 260 333<\/strong>. Finally, the average selling time rose from 8 days<\/strong> to 15 days<\/strong>, an increase of 7 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Condominiums<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sales of divided and undivided condominiums in Outremont<\/a> rose sharply, from 8<\/strong> to 15<\/strong> transactions. The average sale price also rose, from $708 500<\/strong> to $791 598<\/strong>, an increase of 11.7%<\/strong>. Finally, the average sale time for these properties increased by 8 days<\/strong>, from 79<\/strong> to 71 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Plexes (2-5 units)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Finally, the plex market in Outremont<\/a> remained stable, with just one transaction. However, the average selling time rose considerably, from 21<\/strong> to 201 days<\/strong>, an increase of 180 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Southwest<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Single-family homes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Sales in the Southwest<\/a> sector also increased, from 5<\/strong> to 12<\/strong> transactions. The average price also rose, from $849 800<\/strong> to $800 361<\/strong>, an increase of almost 6%<\/strong>. Last but not least, the average sales time decreased from 133<\/strong> to 51<\/strong> days, a reduction of 82 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Condominiums<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The condominium market in the Southwest<\/a> also recorded an increase, with the average sale time rising from 53<\/strong> to 78<\/strong> days. The average sales price rose from $501 179<\/strong> to $588 169<\/strong>, an increase of 17.4%<\/strong>. The average sales time fell from 59<\/strong> to 51 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Plexes (2-5 units)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The income property market in the Southwest<\/a> sector enjoyed strong growth. Plex sales rose from 4<\/strong> to 18<\/strong> transactions. However, the average selling time increased by 20 days, from 51<\/strong> to 71 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Overview of the Montreal real estate market<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Single-family homes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Sales of single-family homes rose sharply, from 269<\/strong> to 374<\/strong> transactions, an increase of 39%<\/strong>. The average house price also rose significantly, from $740 000<\/strong> to $800 000<\/strong>, representing an increase of 8%<\/strong>. Finally, the average time to sell increased slightly, from 56<\/strong> to 59 days<\/strong>, a gain of 3 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Condominiums<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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The market for divided and undivided co-properties was also booming. Sales increased by 35%<\/strong>, from 600<\/strong> to 812<\/strong>. The average price of condominiums grew by 6%<\/strong>, from $449 000<\/strong> to $477 000<\/strong>. The average selling time remained stable at 66 days<\/strong>, with no notable variation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Plexes (2-5 units)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Plex sales recorded significant growth, rising from 170<\/strong> to 268<\/strong> transactions, an increase of 57%<\/strong>. The average sale price also climbed by 8%<\/strong>, from $773 500<\/strong> to $836 000<\/strong>. Finally, the average time to sell a plex increased by 7 days<\/strong>, from 65<\/strong> to 72 days<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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In short, the real estate statistics for November 2024 highlight the dynamism of the Montreal<\/a> real estate market. This vitality creates interesting opportunities for both buyers and sellers. If you’re ready to make your real estate project a reality, our brokers<\/a> in Montreal<\/a> are at your disposal to guide you through the buying <\/a>or selling<\/a> of your property<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Our Montreal real estate brokers have recently analyzed the latest APCIQ real estate statistics, covering the month of November 2024. In order to assess trends and developments in the Montreal real estate market over the past year, this analysis aims to compare the results obtained in November 2024 with data from November 2023. For a […]<\/p>\n","protected":false},"author":16,"featured_media":66220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[606,604,641,511],"tags":[598,927,18,546,542,773,1197],"class_list":["post-66241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buyer-information","category-real-estate-information","category-real-estate-news-buyer-information","category-real-estate-news","tag-buyer-information","tag-immobilier-en","tag-real-estate","tag-real-estate-information","tag-real-estate-montreal","tag-rosemont-en","tag-rosemont-la-petite-patrie-5"],"acf":[],"yoast_head":"\nReal estate statistics - November 2024: The Montreal real estate market is booming - Courtier Immobilier Montr\u00e9al Yanick E Sarrazin<\/title>\n<meta name=\"description\" content=\"Our team of Montreal real estate brokers analyzes real estate statistics for November 2024, comparing them with data from 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/yanicksarrazin.com\/en\/immobilier\/buyer-information\/real-estate-news-buyer-information\/real-estate-statistics-november-2024-the-montreal-real-estate-market-is-booming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real estate statistics - 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