Market Report For Notre Dame-de-Grace (NDG) Montreal For February 2010

Market Report For Notre Dame-de-Grace (NDG) Montreal For February 2010

Notre Dame-de-Grace saw homes selling like hot cakes at a country fair in February 2010 averaging 36 days on market for the 8 sales  with multiple bids driving prices up to $540,500. This is a return to rising prices seen in the last 3 quarters of 2009 after a stall in November and December averaging $530,500. As more homes came to market in February, the inventory level was driven up to 4.1 months over the recent norm of around 2.5 months.

Notre Dame-de-Grace (NDG) condos consist principally of duplexes converted to either divided or undivided co-ownership dwellings. They are somewhat more affordable averaging at $ 311,636 in February 2010 for 22 MLS reported sales. The average days on market were 58 days showing an average inventory of 5.0 months. Of the 109 properties on the market in February, 46 were new listings.