Dear Montrealers, my name is Philip Clement, Licensed Real Estate Broker with Royal LePage Heritage in Westmount and certified analytical and marketing specialist.

At the beginning of my career I needed a good way to market myself, so I began a monthly distribution of letters such as this one. A portion of my success is directly related to these updates I have published and delivered myself in select areas of the city. Now I have a monthly column with The Montrealer that will enable me to share real estate market up dates with a wider audience. Some of you may wish to follow me on my online networking sites.

In my column I plan to address your most popular inquiries, discuss the strengths and weaknesses of different markets in our great city and discuss demographic, political, economic issues that may have an impact for Sellers and Buyers. Every month I will also target two municipalities with an in depth analysis of their markets compared to the previous year.

Recently the most talked about factor concerning the real estate market has been the September elections. Many speculated about what the impact would be, many put their plans of selling or buying on hold until the results where accounted for. Because of this, the fall market has some delay compared to previous years but continues as a good market for most communities in Montreal.

Westmount

In Westmount we have a strong market; 2011 was a good year and this year we have 4 more properties sold than last year at this date, which represents an increase of 3.4%. The average selling price is an impressive 15% over last years. This exceptionally large variation is due to a few key sales completed in 2012.

Montreal West

In Montreal West we have a slight decrease in number of sales since last year. In 2011 at this date there where 34 sales compared to 31 this year, which represents a decrease of 9%. We must remember that Montreal West always has a good strong fall season representing about one quarter (25%) of the annual sales of this mostly residential community. We have also registered an increase of 6% in the average sale price since the beginning of the year.

Even though I only cover two communities in my column each month I do continue to update my information for the following areas of Montreal, where I continue to do open houses, caravans, and meet new potential clients.

  • Westmount
  • Hampstead
  • NDG
  • Montreal West
  • Town of Mount Royal
  • Beaconsfield
  • Pointe Claire

Philip Clement is a licensed Real Estate Broker with Royal Lepage Heritage in Westmount. Sales figures are based on single family MLS listings.

Philip Clement

514-708-4056

www.pclement.ca

phil@pclement.ca