Market Report For July 2011 In Westmount, Quebec

Market Report For July 2011 In Westmount, Quebec

MLS reported home sales slowed somewhat this July in Westmount to 11 from 23 in June. Active listings increased by 2 homes to 17 over last month. Existing inventory is now 8.1 months with the average for days sold dropping a little to 70 days.

I find this quite short considering the average sale in Westmount this month to be $1,160,000. The average discount from the asking price was 95% and within the norm. 7 contracts expired though it is likely we will see some of these homes come on market soon after summer vacation is over.

All in all, this is a good month for Westmount activity.

John B. Joseph has over 20 years of business to business experience in the U.S. and Canada in business process improvement, sales, consultation, sales management and has been helping buyers and sellers in real estate since 2005.