Web capsule #1: The market in St-Lazare

Written by Yan Castonguay 01 October 2018

The market in St-Lazare, January to August 2018

How is the Saint-Lazare market evolving since the beginning of 2018? To compare, in 2017 during the same period, there had been a total of 263 sales for the first 8 months of the year. This year, total sales for the first 8 months are 239 properties which represents a 9% decrease in sales.

What explains this decline in sales? The inventory of the Saint-Lazare market has decreased in 2018. In 2017, always during the same period, 458 properties were put up for sale while in 2018; the market held 371 listings. This represents a decrease of about 20%. In consequence, this drop creates pressure on buyers due to a smaller pool of choice.

This has the effect of reducing the time of sale of the properties on the market. This year, the properties sell on average in 92 days, while the previous year they were selling on average in 100 days.

This goes without saying, it's a great time to put your house up for sale.

If you are looking to buy in Saint-Lazare now, there are currently 213 properties available, including many new construction projects. Prices range from $ 168,000 to over $ 4 million.

The neighborhood in St-Lazare that is most in demand right now, is Saddlebrook with 47 concluded transactions since early 2018.

Capsule web#1

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