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The principle cause costs are going up so quick is that there simply aren’t sufficient properties on the market to satisfy demand. Patrons usually tend to bid at or above record value once they worry they’ll be dealing with a bidding conflict.
In December, there have been nearly 60 per cent fewer properties on the Vaudreuil-Soulanges market in comparison with the identical time final yr — but gross sales had been up 22 per cent. Count on costs to remain excessive till there are sufficient new listings to satisfy the demand.
Vaudreuil-Soulanges by the numbers:
Based mostly on Centris gross sales of single-family properties, as reported within the This autumn 2020 Barometer report launched by the Quebec Skilled Affiliation of Actual Property Brokers.
Median Worth Common Worth Improve in common value over previous 5 years
L’Île-Perrot $420,000 $513,999 54 per cent
Vaudreuil-Dorion $436,500 $512,209 51 per cent
St-Lazare/Hudson $493,000 $618,165 39 per cent
Soulanges South* $345,000 $388,447 44 per cent
(*St-Zotique, Les Coteaux, Coteau-du-Lac, Les Cèdres, Pointe-des-Cascades)