Chomedey condo market — July 2025
Based on 9 actual sales · CourtiConnect
Market context: condo in Chomedey
The Chomedey condo market in July 2025 registered nine recorded transactions, establishing a median price of $415,000. This positions the neighbourhood at a 3.8 percent premium relative to the broader Laval condo market, where the median price across 283 sales over the trailing twelve months reached $400,000. Chomedey's position as a more expensive neighbourhood within the city reflects its particular appeal and characteristics, though the small number of transactions in the single month warrants careful interpretation of any broader trends. The average time on market for condos in Chomedey stood at 42 days, a metric that provides meaningful insight into the pace at which properties moved through the sales cycle. This timeframe suggests a reasonably active market where properties found buyers within a moderate window, neither languishing for extended periods nor selling with exceptional speed. The duration indicates a market pace consistent with balanced conditions where neither buyers nor sellers held overwhelming negotiating power during the period. Examining the documented sale-to-asking price ratio across eight of the recorded sales reveals an average of 0.981, meaning properties sold at approximately 98.1 percent of their asking price on average. This ratio below the 1.0 threshold indicates that, across these documented transactions, buyers were generally able to acquire properties slightly below the initial asking prices, though the margin remained narrow. This pattern reflects a market where modest buyer leverage existed, though sellers retained reasonable negotiating positioning. The building profile in Chomedey shows a stock heavily weighted toward mid-cycle properties. Across the nine sales, 78 percent involved condos built between 1980 and 2010, while 22 percent were built after 2010. No transactions involved buildings predating 1980, presenting a neighbourhood dominated by properties between fifteen and forty-five years old at the time of sale. This composition reflects a predominantly established residential market with a meaningful but smaller representation of newer construction. When reviewing purchase documents, buyers should note that 11 percent of the nine sales in July 2025 were concluded without legal warranty of quality. Like any real estate transaction, standard due diligence practices—including professional home inspections and customary title and condition checks—remain prudent steps regardless of warranty structures. For buyers, Chomedey presents established buildings in a neighbourhood commanding a modest premium within Laval's market. For sellers, the modest gap between asking and sale prices suggests reasonable market acceptance of listed properties during this period. To explore specific properties or estimate values in this neighbourhood, consider using a dedicated real estate estimator tailored to Laval's market conditions.