Nick Riberdy-Real Estate Broker

November 2022 Real Estate Update 🏡

Home prices in Montreal’s housing market continue to fall as real estate markets across Canada face a slowdown in recent months.

The average home sold price for the West Island of Montreal was $656,300 for the month of November 2022, a 23% decrease from $857,688 in November 2021.

The average price for condominiums in November 2022 was $450,625 compared to November 2021 average price of $459,062. The condo market has remained stable even with the increase of interest rates. We are expecting one last rate hike before the end of 2022, should make for a slower start to the new year.

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Les prix des maisons sur le marché immobilier de Montréal continuent de baisser alors que les marchés immobiliers de tout le Canada font face à un ralentissement ces derniers mois.

Le prix moyen des maisons vendues dans l'Ouest-de-l'Île de Montréal était de 656 300 $ pour le mois de novembre 2022, soit une baisse de 23 % par rapport aux 857 688 $ de novembre 2021.

Le prix moyen des condominiums en novembre 2022 était de 450 625 $, comparativement au prix moyen de 459 062 $ en novembre 2021. Le marché des copropriétés est resté stable malgré la hausse des taux d'intérêt. On s'attend à une dernière hausse des taux avant la fin de 2022, ce qui devrait ralentir le début de la nouvelle année.

To help kick-off this winter holiday, Sean and Nick have put together a wonderful Holiday Gift Basket for (1) lucky winner to enjoy!

This gift basket will be filled with several items to help compliment your holiday celebrations such as: gift cards from select stores, olive oil, chocolate, pasta, coffee grounds and more!

To enter this contest, please be sure to click the link in our bio!

Best of luck to everyone who participates! 🎅🏼🎄

https://docs.google.com/forms/d/e/1FAIpQLSeOh6H1gd6SMxy6ttuCrJqqc4Rwg_tslIzDsIlGfnMqiq2HjA/viewform?fbclid=IwAR38-S8pl3RAtnk8ui8rt7294mRrZAQDgK7TVfNl9lS9ngO0r5KMHNSXlyQ

Beautiful 2 bedroom condo on the ground floor, spacious kitchen with a large kitchen peninsulas perfect for entertaining, quartz counter tops and lots of storage space, large patio, hardwood floors throughout, appliances and parking included. Building offers a rooftop BBQ, exercise room on the top floor, rooftop terrace with breathtaking views of the city! Located close to a Park, Medical facilities, Grocery stores, Shopping, Restaurants, Orange Julep and conveniently located right between 2 metro stations (Namur & De la Savane).

📍 5077 Rue Pare #102, Montreal, NDG
🏷Listed at $1,950

🛏2 bedroom
🛁1+1 bathroom

🌐Centris no. 27090517
📨DM for more details
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🔌 Sean Sullivan
📱514.465.5207
📧 [email protected]

🔌 Nick Riberdy
📱 514.570.0113
📧 [email protected]
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Congratulations to our buyer Megan on the purchase of her first property!

We wish her all the best in her new condo

If you are looking to buy, sell, invest or simply have any real estate questions, feel free to contact me ☎️514-570-0113 for all of your needs.

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