The price of a condo in Vaudreuil-Soulanges continued a steady climb upward last year, with the average price hitting $358,250.
This average price represents just a 1-per-cent increase compared with the average price of $356,000 recorded in 2022, according to the latest figures released the Quebec Professional Association of Real Estate Brokers earlier this month, but it is a whopping 46.2-per-cent jump from the prices seen since the pandemic lockdowns in 2020.
Vaudreuil-Soulanges was the only region in the Montreal area that saw the average price of a condo go up last year. All other areas saw the average prices fall by 1 to 3 per cent.
Since 2020, the average price of a condo sold in Vaudrueil-Soulanges, which was pegged at $245,000, increased by $113,250 by the end of 2023.
The rate of acceleration in condo prices in this region far outpaced most other sectors in and around the Greater Montreal area, including on the island of Montreal, where condos prices increased by just under 15 per cent since the pandemic, and the provincial average, that recorded a jump in condo prices by just more than 34 per cent since 2020.
Number of units sold dropping
The number of condos sold in this region dropped last year by 22 per cent compared with the number of units that changed hands in 2023. Only 366 units were sold in Vaudrueil-Soulanges last year, a dip of 106 from the 469 sales recorded in 2022. The number of units sold last year was also well below the 611 condos that were purchased in the region in 2021.
The amount of time for a condo to sell also grew longer in 2023, with the average selling time of a unit stretching to 61 days, a whole 23 days longer than the 38-day average recorded in 2022.