Westmount Real Estate Market @ September 1st
According to an August article in the Globe & Mail, “The real estate sector keeps setting new records. Indeed, it’s now Canada’s biggest industry, leaving Alberta’s oil patch and Ontario’s manufacturing heartland in the dust. Canada is now a real estate nation, with little else to keep the economy from sinking into an even deeper funk.” Read more insight here.
So how has the Westmount Real Estate Market stood up this month?
Sales in Westmount almost doubled from last month with 16 sales in August to July’s 9. This is expected as August’s “back to school” home sales typically exceed those in July when many Westmounters are on holiday.
The average asking price remained the same over last month at $2,652,000 as there are still 4 homes on the market asking over $8M with the highest priced Westmount home at 10.8M
Available listings are down this month as a result of the increase in sales during the month of August, and fewer properties coming onto the market.
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