Slight growth in the real estate market in Saguenay

Légère croissance du marché immobilier à Saguenay

The real estate market is growing slowly in Saguenay as to Alma. During the first 10 months of 2018, the number of sales of single-family homes has increased slightly, their median price is relatively stable, but the homes are selling for slightly under the reference price established by the assessment roll.

JLR Solutions property has made the portrait real estate in major cities in Quebec. In the region, the data relating to Saguenay and Alma were analyzed.

In Saguenay, 1064 single-family homes were sold between the months of January to October 2018, an increase of 4 % compared to the same period in 2017. This is only the second time since 2013 that an increase in the number of transactions recorded during the first 10 months of the year.

Their median sales price was $ 185 $ 500, during the first ten months of the year 2018, an amount comparable to the prices to the same period in the previous year, as well as those recorded five years ago.

JLR concludes that even if the sales have slightly increased in recent months, the market of single-family homes is all in all a little strong in the Saguenay, which helps limit the progression of the sale price of the houses.

In regards to condominiums, 134 have changed hands between January and October, five more than during the same period in 2017. Their median sales price was $ 163 500 $, which represents a decrease of 1 % compared to the previous year.

The single-family residences such as condominiums sell at a lower price of 4 % and 3 % to the value of reference July 2014 for the role of land tenure in 2016-2018.

The park residential real estate Saguenay is comprised of approximately 75 % of single family homes, plexes to about 20 %, and condominiums to about 5 %.

Alma

To Alma, the median sales price of single family homes was $ 165 000 $ during the first 10 months of the year 2018. This is an increase of 2 % compared with the same period last year. The single-family homes, however, were sold on average at a price 4 % below the reference price established for the role devaluation of land of 2016-2018.

A total of 239 homes were sold during the first 10 months of the year. This is nine more than the same period last year, which represents an increase of 4 %. It is still 2% lower than five years ago.

The number of single-family homes sold is growing slowly since 2015. As in the whole province of quebec, Alma has recorded a decline in the number of transactions since the tightening of mortgage rules in 2012. The market has since taken over in the province as a whole, but Alma is on the list of cities where the recovery is more difficult.

The park residential real estate market of the city is composed of approximately 79 % of single-family homes and nearly 19 % of plex. Condominiums supplement the addition.

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