HOUSE CONDO DUPLEX TRIPLEX FOR SALE MILTON-PARC-MCGILL-GHETTO

History of MILTON-PARC-MCGILL-GHETTO

Milton Park (or McGill Ghetto) is a neighborhood in the district Le Plateau -Mont- Royal in Montreal, immediately east of the downtown campus of McGill University.

Milton Park neighborhood is one of the oldest neighborhoods of Montreal. Inhabited since 1783 is the mid-nineteenth century that this portion of the territory of the city of Montreal is a neighborhood itself. The area is composed mostly of historic townhouses. Many were built in the 1900s for businessmen means working in offices in downtown adjacent. It was the spirit of the neighborhood before the great waves of elites moving to the suburbs, such as Westmount, for English speakers.

Although the name “McGill Ghetto” is commonly used to identify this area, it is more appropriate to call it by its real name is Milton Park neighborhood. The area is inhabited by permanent residents, property owners and members of housing cooperatives and tenants. Milton Park is now considered the largest community of co-ops in Canada.

(Source: Wikipedia )

STATISTICS OF RESIDENTIAL PROPERTIES FOR SALE MILTON-PARC-MCGILL-GHETTO

 

SINGLE FAMILY HOUSE FOR SALE MILTON-PARC-MCGILL-GHETTO

 

3rd Quarter 2013(1) Last 4 Quarters(1) Past 5 years(1)
Sales 19 ** – 18 %
Active Listings 30 13 % 16 %
Median Price ** ** 680000 $ 4 % 45 %
Average Days (Days) ** ** 66 19

 

CONDO FOR SALE MILTON-PARC-MCGILL-GHETTO

 

3rd Quarter 2013(1) Last 4 Quarters(1) Past 5 years(1)
Sales 131 -11 % -25 %
Active Listings 546 14 % 9 %
Median Price 320000 $ -3 % 325000 $ 0 % 26%
Average Days (Days) 86 -3 81 0

 

DUPLEX TRIPEX QUADRUPLEX AND FIVEPLEX FOR SALE MILTON-PARC-MCGILL-GHETTO

 

3rd Quarter 2013(1) Last 4 Quarters(1) Past 5 years(1)
Sales 32 28 % -7 %
Active Listings 123 44 % 53 %
Median Price 588000 $ -14 % 627500 $ – 2 % 47%
Average Days (Days) 137 85 83 32

 

(Source : Centris.ca & FCIQ par Centris ® )(ref 1 includes : Le Plateau, MILTON-PARC-MCGILL-GHETTO, Milton Parc (Ghetto-McGill))

Property values have increased significantly the past 5 years. But how much is a property worth today?

Property owners want to sell at the Fair Market Value not to lose money.

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