This article is brought to you by Lydia Soczniew and Sylvain Leclerc, real estate brokers in Rawdon.
The current trend in the Rawdon real estate market is part of a regional and provincial context marked by fluctuations. In Quebec, the market saw a slight decrease in residential property sales in the second quarter of 2023 compared to the previous year, but a significant increase compared to the first quarter of this year. Sellers remain generally favored, and there are even cases of overbidding despite the rise in interest rates.
In the Lanaudière region, where Rawdon is located, real estate activity also varied. The number of transactions was down on the previous year, but an increase on the previous quarter shows some momentum. The median price of single-family homes in Rawdon has risen significantly, posting a 9% increase over 2022, demonstrating a certain appeal for the municipality.
It's important to note that despite the fluctuations, the Rawdon real estate market remains active, with the number of listings on the rise. This could indicate continued buyer interest in the area. Ultimately, the current trend in the Rawdon real estate market is influenced by local and regional factors, but it also shows a certain resilience in a changing economic context. Future buyers and sellers should keep a close eye on market developments to make informed decisions.
Quebec real estate market
In the second quarter of 2023, the real estate market continued to show signs of a slowdown compared with the same quarter of the previous year. Province-wide, residential property sales totalled 18,374, down 28%. However, compared to the first quarter of 2023, transactional activity was up 28.1%, with a total of 23,550 sales, representing an additional 5,176 sales.
"In general, sellers remain generally favored despite favorable market conditions for buyers in some sectors. Rising interest rates have also had an impact, but the resilience of employment has limited the deterioration of the market. Most sales were concluded at the posted price, and some cases of overbidding were even observed," says the report by the Quebec Professional Association of Real Estate Brokers (QPAREB).
Source : Centris
Source : Centris
Lanaudiere real estate market
Following in Quebec's footsteps, real estate activity in the Lanaudière region slowed in the second quarter compared with the same period in 2022. Here are the details of transactional activity recorded by Centris:
- Number of real estate transactions: reached 1,888, representing a decrease of 10% compared to the same period in 2022. However, compared to the first quarter of 2023, the number of real estate transactions increased by 17.5%, with a total of 1,606 sales, representing 282 additional sales.
- The number of active listings totalled 2,485 in the second quarter of 2023, marking a decrease of 10% compared to the same period in 2022. However, it was up 18.3% on the first quarter of 2023 with a total of 2,101 listings, representing 384 additional listings.
- As for the median price of single-family homes, it stood at $385,000 in Joliette, recording an increase of 6% compared to 2022. In Rawdon, the median price of single-family homes, set at $385,000 in 2022, saw a more significant increase of 9%.
Source : Centris
Source : Centris
Rawdon housing market
Following in the footsteps of the Lanaudière region, real estate activity in the municipality of Rawdon also showed a slowdown in the second quarter of 2023 compared with the same period in 2022. Here are the details of transactional activity recorded by Centris:
- The number of real estate transactions stood at 49, down 33%.
- The number of active listings reached 72, up 33%.
Source : Centris
Source : Centris
Rawdon homes for sale
That's it! Knowing the local and regional real estate market is essential if you're thinking of buying, selling or investing in property. We hope you have found the above information useful.
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