Market Report for Downtown Montreal Condos For May 2010 Downtown Montreal condominium market activity in May 2010 was normal but not impressive. MLS® recorded 24 sales which were close to the median for the last 12 months. With 227 properties in the market and 64 new condos put up for sale the inventory went up to 9.5 months from 4.9 in April. The average price for these sales was $607,338 was the second highest in the last 12 months while maintaining an average discount level of 95% off the last asking price for the last 4 months. The time properties stayed on the market in May was 107 days. This was higher than the previous month of April at 79 days though I would say that was a peculiarly low month considering the last 6 months of 2009 averaged 152 days. 07/06/2010

Market Report For Downtown Montreal Condos For March 2010 Downtown Montreal (Ville-Marie) condominiums (Condos) sold for $570,952 on average on 29 sales coming close to this year’s high of $575,877 done in January for 15 sales. Sales take a much longer downtown as these are high rise buildings requiring a little more effort to sell represented by the 109 days on market in March with a 7 month inventory. As a consequence, sales discounts are a little steeper at 94% off the average asking price. There is also a greater supply of available property of 202 units in March with 64 units of them new to market.   04/13/2010