Westmount, with its tree lined streets, old Victorian homes, and affluent inhabitants, is definitely one of the most beautiful parts of the Montreal Real Estate Market. With a population of over twenty thousand inhabitants living in the small area of 4 km squared, it is no wonder we see such high prices for the properties in this area of the Montreal real estate market. In fact the average Montreal homes for sale which sold in Westmount since January 2009 has been $1,026,374. There were 106 single family home sales in the Westmount sector of the Montreal real estate market since January 1st, 2009 for a total volume of $108,795,623. The single family homes for sale in Westmount took an average of 112 days to sell in this period.
The Montreal condo market is also important in Westmount real estate. In the Montreal real estate market since January 2009, 41 condos were sold in Westmount for a total volume of $21,480,333. The average price for a condo in the Westmount section of the Montreal real estate market was $523,900 for this period. The condos in this sector of the Montreal real estate market took an average of 125 days to sell during this same period.
Although accounting for a smaller portion of the market share, revenue property sales are an important part of the Westmount market portion of Montreal real estate. Since the start of the year, 9 revenue properties were sold in the Westmount portion of the Montreal real estate market for a total volume of $9,613,00. Most of these were duplexes who’s average price was $1,008,100. The revenue properties in this sector of the Montreal real estate market took an average of 206 days to sell since January 1st, 2009.