Chomedey condo market — April 2025
Based on 11 actual sales · CourtiConnect
Market context: condo in Chomedey
The condo market in Chomedey recorded 11 sales in April 2025, with a median price of $455,000 and an average price of $438,445. This neighbourhood sits notably above the broader Laval market, where the median condo price over the trailing twelve months stood at $398,500 across 78 documented sales. Chomedey's median price represents a 14.2% premium relative to the rest of Laval, reflecting the relative appeal and positioning of this area within the municipality. The pace of transactions in April offers a snapshot of market momentum, though the modest sample size of 11 sales in a single month warrants caution when drawing broader conclusions about typical market velocity. With such a limited transaction count, the picture of buyer and seller activity remains incomplete, and prospective market participants should seek additional data points across multiple months to develop a fuller sense of how quickly properties move through the neighbourhood. Among documented sales where asking price data was available, the average sale-to-asking price ratio stood at 0.988, calculated over nine of the eleven sales. A ratio below 1.0 indicates that buyers generally purchased below the asking price, suggesting that sellers held the upper hand in negotiations during this period. This dynamic typically reflects a market where inventory is sufficient relative to demand, giving purchasers some room to negotiate downward from listing prices. The building stock in Chomedey skews toward the modern-established segment, with 73% of the eleven sales comprising units built between 1980 and 2010, while 27% date from after 2010. No sales involved condos built before 1980. This composition indicates a neighbourhood dominated by mid-range and newer construction, with a substantial portion of units falling into the thirty to forty-five year age bracket. No transactions from the pre-1980 era appeared in April's data, suggesting limited turnover in older buildings or their relative scarcity in current listings. Among the eleven documented sales, one transaction, or 9%, was concluded without a legal warranty of quality. This circumstance is a standard due-diligence consideration for any buyer conducting their property assessment, much like inspections or title checks. Purchases without such warranty simply require buyers to undertake their own verifications and appraisals of property condition before closing. For buyers entering this market, the modest negotiating advantage afforded by the sale-to-asking ratio provides a modest opportunity to secure value relative to initial pricing. For sellers, the premium positioning of Chomedey relative to broader Laval supports a competitive listing strategy aligned with neighbourhood fundamentals. To explore current listings and obtain a personalized estimate of property value in Chomedey, consider using an online real estate estimator tailored to this neighbourhood and the current market period.