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Thinking of Selling? Start preparing your home for sale now with these handy tips.
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The non-profit Royal LePage Shelter Foundation focuses on enabling women and children to live safe, healthy lives, and reach their full potential unhindered by violence. Through the contributions of our agents, brokers, and staff, we raise funds to support the West Island Women's Shelter. |
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In this 2008 Year in Review market update, we'll look at what has happened in the local real estate market over the last year, and let you know what you can expect to see for the first part of 2009. We've also got some helpful tips to help you prepare your home should you be thinking of selling.
As always, feel free to pass this newsletter along to friends or colleagues you think might find the information useful and interesting. Happy New Year to all our clients and friends.
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West Island Market Update
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2008 was another positive year for the West Island market. The price of a single family home rose by 3.9% compared to 2007 from $323,00 to $336,000. The number of sales were down in almost all areas which was also the trend across the Greater Montreal area. While we did experience a slow down particularly in the latter half of the year, prices continued to hold and buyer activity remained solid particularly in the lower price ranges.
"Montreal's real estate market has done quite well this year especially when you consider that prices are up and we're comparing today's sales with 2007, the year that broke all sales records," said Michel Beauséjour, CEO of the Greater Montreal Real Estate Board. "All being said and done, Montreal's market continues to be a good investment, particularly when comparisons are made with other major Canadian cities such as Toronto, Calgary and Vancouver where sales of single-family homes have dropped by as much as 37 per cent year-to-date, whereas we're only at a decrease of 9 per cent," he said. "Obviously Montreal is not immune from the economic uncertainties facing consumers today. There are three variables that affect the real estate market – interest rates, job creation and consumer confidence. Consumer confidence has dropped for the last two months and employment in Montreal is on the decline as well," he added.On a positive note, interest rates continue to remain extremely low and we are confident that this will stimulate buyer activity, particularly in the lower price ranges and starter home markets.
Don't list your home before meeting with Libby, Sean & Catherine to hear about our aggressive marketing strategy for a successful sale.
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Year to date(Jan-Dec) 2008 vs (Jan-Dec) 2007
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Number
of Sales
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Average sale price
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| Lakeshore |
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2008 |
2007 |
% |
2008 |
2007 |
% |
| Baie d'Urfe |
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48 |
52 |
-7.7% |
$544,505 |
$475,226 |
14.6% |
| Beaconsfield |
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287 |
279 |
2.9% |
$444,642 |
$416,103 |
6.9% |
| D.D.O |
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324 |
405 |
-20% |
$347,535 |
$326,191 |
6.5% |
| Dorval |
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119 |
149 |
-20.1% |
$327,000 |
$291,286 |
12.3% |
| Kirkland |
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187 |
209 |
-10.5% |
$382,988 |
$347,286 |
10.3% |
| Ile Bizard |
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152 |
177 |
-14.1% |
$407,195 |
$290,705 |
29% |
| Lachine |
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130 |
171 |
-24% |
$275,242 |
$258,572 |
6.4% |
| Pierrefonds |
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503 |
622 |
-19.1% |
$266,730 |
$260,312 |
2.5% |
| Pointe-Claire |
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284 |
355 |
-20% |
$300,333 |
$273,799 |
9.7% |
| Roxboro |
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69 |
62 |
11.3% |
$234,918 |
$235,858 |
-0.4% |
| St. Anne de B. |
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28 |
42 |
-33.3% |
$310,161 |
$310,590 |
-0.1% |
| Senneville |
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10 |
10 |
0% |
$545,300 |
$785,040 |
-31% |
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| Off Island |
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| Hudson |
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88 |
108 |
-18.5% |
$443,017 |
$396,597 |
11.7% |
| Ile Perrot |
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122 |
126 |
-3.2% |
$210,780 |
$201,486 |
4.6% |
| ND-Ile Perrot |
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139 |
159 |
-12.6% |
$263,587 |
$242,104 |
8.9% |
| Pincourt |
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226 |
177 |
27.7% |
$223,227 |
$212,165 |
5.2% |
| Saint-Lazare |
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263 |
348 |
-24.4% |
$296,602 |
$296,794 |
-0.1% |
| Vaudreuil-Dorion |
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406 |
490 |
-17.1% |
$226,224 |
$211,318 |
7.1% |
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Price: $1,590,000
Bedrooms: 4
Bath: 2-1/2
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Located at:
5 EAST GABLES
BEACONSFIELD
Opportunity knocks! Renovate extend or build the house of your dreams on this spectacular waterfront property located in prime Beaconsfield south. 28,497 sq.ft. lot
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Price: $774,000
Bedrooms: 4
Bath: 3-1/2
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Located at:
100 GABLES COURT
BEACONSFIELD
Superb executive cottage with main floor extension. Loaded with charm & located in very desirable Gables Court with private pool, tennis courts and lake access. 12,809sq.ft lot
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Price: $739,000
Bedrooms: 4+1
Bath: 3-1/2
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Located at:
260 ALICE CARRIERE
BEACONSFIELD
Gorgeous 3,800 sq.ft executive cottage with IG pool, superb basement with wine cellar and theatre room. Updated with style and taste. 7,000 sq.ft. lot
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Price: $599,000
Bedrooms: 5+1
Bath: 3-1/2
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Located at:
212 HAMPSHIRE
BEACONSFIELD
Beautifully renovated 5+1 bedroom executive cottage with IG pool, numerous renovations including beautiful new kitchen and gorgeous newly finished basement. 15,781 sq.ft. lot
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Many thanks to all of you who graciously referred us to friends, family, colleagues and neighbours. Our business is built on positive comments and referrals from people like you. We are never too busy for your referrals.
Please remember, if you or anyone you know is looking for a home or would like to learn more about how to maximize their return on investment when selling, just give us a call. We'd love to help.
Warmest Regards,
Libby, Sean & Catherine
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Royal LePage Elite
50, ST-CHARLES BLVD. #16
BEACONSFIELD, Quebec
H9W 2X3 |
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Copyright © 2002 Royal LePage Real Estate Services Ltd.
Not intended to solicit properties currently listed for sale. |
