The property market in decline for 4th quarter

1189279For a fourth consecutive quarter, the residential real estate market in the Saguenay-Lac-Saint-Jean has decreased activity with 383 transactions, down 2% compared to the same period last year.

According to data from the Real Estate Board of Saguenay-Lac-Saint-Jean, buyers are still favored by the situation because of the abundance of homes on the market. Single family homes posted an increase in sales of 4% for three months while for plexes, 33 units were traded, a significant drop of 25%.

Sectors spared

The analysis reveals that the three sectors did very well in the game. This is the case for the Bay where 50 homes changed hands, Chicoutimi-Nord / Canton Tremblay (43) and Chicoutimi (128) for respective increases 19%, 23% and 8%.

Conversely, Jonquière, with 127 transactions, and the outskirts of Saguenay (35) experiencing declines in sales of 18% and 10% respectively.

Stable prices

With respect to sales prices, single-family homes in the census metropolitan area sells the median price $ 174 $ 500. This price remained stable in the last ten quarters. Price declines were even recorded in all sectors except for Jonquière where the median price increased by 2% to 168 250 $.

According to Carlos Cordeiro, Director General of the Chamber, this is explained by the fact that buyers, holding the upper hand, counteract any upward pressure.

Across Quebec, the provincial Chamber recorded 24,605 ​​transactions, an increase of 4%. This is the eighth consecutive increase, but also the best result for a second quarter in four years.

Among the CMAs experienced the largest increase in sales, Gatineau had the highest growth (12%) while Trois-Rivières was up 5% registering a record of activity for the quarter.

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