{"id":136,"date":"2006-04-10T16:38:17","date_gmt":"2006-04-10T22:38:17","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/2006\/04\/14425-properties-changed-hands-in-the-first-quarter-of-2006\/"},"modified":"2006-04-10T16:38:17","modified_gmt":"2006-04-10T22:38:17","slug":"14425-properties-changed-hands-in-the-first-quarter-of-2006","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/14425-properties-changed-hands-in-the-first-quarter-of-2006\/","title":{"rendered":"14,425 properties changed hands in the first quarter of 2006"},"content":{"rendered":"\n\n\n
\u00cele-des-Soeurs, April 4, 2006 \u2013 <\/strong>A total of 14,425 residential sales were recorded on the Greater Montr\u00e9al Real Estate Board (GMREB) S.I.A.\u00ae\/MLS\u00ae System in the first quarter of 2006, which makes it the second best quarter of all time after 2002, when 16,024 sales were closed.According to statistics published by the GMREB, the average price of a single-family home for the first three months of 2006 was $207,000, compared to $195,000 at the same time a year ago, which is a 6% increase.<\/p>\n\n\n\n\n\n\n\n\n
ZONE<\/th>\nAVERAGE PRICE (single-family)<\/th>\nVARIATION 2005-2006<\/th>\n<\/tr>\n
Montr\u00e9al <\/span><\/td>\n$312,000 <\/span><\/td>\n+2% <\/span><\/td>\n<\/tr>\n
Laval <\/span><\/td>\n$211,000 <\/span><\/td>\n+9% <\/span><\/td>\n<\/tr>\n
Mont\u00e9r\u00e9gie <\/span><\/td>\n$196,000 <\/span><\/td>\n+8% <\/span><\/td>\n<\/tr>\n
Laurentians <\/span><\/td>\n$187,000 <\/span><\/td>\n+8% <\/span><\/td>\n<\/tr>\n
Lanaudi\u00e8re <\/span><\/td>\n$152,000 <\/span><\/td>\n+5% <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The total sales dollar volume of units sold for the first quarter of 2006 was $2.98 billion, an 11% increase compared to the previous record of $2.68 billion set in 2005. \u201cThe number of units sold confirms that the market remains strong and, as we had predicted earlier this year, price increases have stabilized,\u201d says Michel Beaus\u00e9jour, FCA, GMREB Chief Executive Officer.<\/p>\n

March 2006<\/strong>
\nAccording to the GMREB statistics, 6,332 sales were registered in March 2006, up by 5.5% when compared to the 6,003 sales for the same time period a year ago. In March, the total sales dollar volume of units sold was $1.32 billion, a 10% increase when compared to the total of $1.2 billion in March 2005.<\/p>\n

As of March 31, there were 36,642 residential listings on the S.I.A.\u00ae\/MLS\u00ae System, while there were 32,323 at the same time last year. Also, 10,697 new listings were entered in our system in March 2006, an increase of 13% compared to the 9,479 new listings entered in March 2005.<\/p>\n

\u201cThat\u2019s good news for sellers because the market is still very active, and also for buyers because the number of active listings keeps increasing, which gives them a broader choice of properties,\u201d adds Michel Beaus\u00e9jour.<\/p>\n

According to GMREB statistics, the average price of single-family homes was $211,000 in March 2006, up by 6% when compared to $199,000 in March 2005.<\/p>\n\n\n\n\n\n\n\n\n
ZONE<\/th>\nAVERAGE PRICE (single-family)<\/th>\nVARIATION 2005-2006<\/th>\n<\/tr>\n
Montr\u00e9al <\/span><\/td>\n$314,000 <\/span><\/td>\n-1% <\/span><\/td>\n<\/tr>\n
Laval <\/span><\/td>\n$212,000 <\/span><\/td>\n+10% <\/span><\/td>\n<\/tr>\n
Mont\u00e9r\u00e9gie <\/span><\/td>\n$199,000 <\/span><\/td>\n+9% <\/span><\/td>\n<\/tr>\n
Laurentians <\/span><\/td>\n$185,000 <\/span><\/td>\n+4% <\/span><\/td>\n<\/tr>\n
Lanaudi\u00e8re <\/span><\/td>\n$154,000 <\/span><\/td>\n+5% <\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not necessarily a true indication of the actual price of single-family homes, but rather an indication of the trend in the average cost of properties located in the areas covered by the GMREB. <\/p>\n

<\/div>\n

<\/p>\n

About the GMREB<\/strong>
\nThe Greater Montr\u00e9al Real Estate Board is a non-profit organization and has close to 9,000 members, real estate brokers and agents. It is the second most important board in Canada and its mission is to actively promote and protect its members\u2019 professional and business interests in order for them to successfully meet their business objectives.<\/td>\n

<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

\u00cele-des-Soeurs, April 4, 2006 \u2013 A total of 14,425 residential sales were recorded on the Greater Montr\u00e9al Real Estate Board (GMREB) S.I.A.\u00ae\/MLS\u00ae System in the first quarter of 2006, which makes it the second best quarter of all time after 2002, when 16,024 sales were closed.According to statistics published by the GMREB, the average price […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-136","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"\n14,425 properties changed hands in the first quarter of 2006 - 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