Photo: gmayster01 on & off/Flickr
According to the Greater Montreal Real Estate Board (GMREB), the city saw a 1 per cent gain in overall sales and single family home prices in November.
“Single-family home sales registered solid results in November, thanks to increases in the suburbs, particularly on the South Shore and in Vaudreuil-Soulanges which posted respective increases of 14 and 21 per cent,” said Diane Menard, Vice-President of the GMREB Board of Directors, in the news release.
However, both condos and plexes saw a decline in sales, particularly plexes, which posted a 10 per cent drop compared to November 2012.
The only areas that saw a boost in sales last month were the South Shore and Vaudreuil-Soulanges, which recorded a 13 per cent and 17 per cent increase respectively.
The median price for single family homes in Montreal rose by 1 per cent to $278,000 with the South Shore and Vaudreuil-Soulanges registering stable prices, and Laval and the North Shore seeing a 3 per cent hike. On the Island of Montreal, they fell by 5 per cent.
As for condos, the median price dropped by 3 per cent to $233,000 while plexes saw a 6 per cent climb, rising to a median price of $445,000.
For more information see the table below…