Residential Real Estate Report-March
prepared by Diamond Diamond Real Estate INC.
Market Analysis- Diamond Diamond Real Estate INC.
On February, Quebec real estate market has exhibited an surging demand for condos. March continued the footsteps of the second month of 2021, the transactions, median price and total sales in condos skyrocketed, showing a jump of 45% of sales. The market has bounced back in island of Montreal.
The president of Diamond Diamond Real Estate INC, Jocelyn Kao indicates, as the economic center of Quebec, Montreal market shows no signs of slowing down. With market situation still very much to the advantage of seller’s market, the condos and plexes(2-5 units) in Montreal Island and surroundings increased drastically in price, sales as well as active listings in the market.
Among the most sold properties in Island of Montreal, Condos led the highest total sale of 1,426 while single family homes mark the sale of 609! Plexes (2-5 units) has the strongest growth by 22%, 368 properties are sold on March.