Jonquière condo market — April 2024
Based on 7 actual sales · CourtiConnect
Market context: condo in Jonquière
The condo market in Jonquière recorded seven sales transactions in April 2024, with a median price of $242,000 and an average price of $250,143. When compared to the broader Saguenay condo market, which recorded 28 sales over the trailing twelve months with a median price of $215,000, Jonquière's median sits 12.6 percent higher than the city as a whole, suggesting this neighbourhood commands a price premium relative to other condo markets within Saguenay. This differential reflects buyer preferences and the relative positioning of Jonquière within the regional real estate landscape. The pace of sales activity in this segment reflects a market where transactions are occurring, though the limited number of recorded sales points to a relatively modest transaction volume in the condo category during this period. This measured pace is typical of smaller regional markets where properties spend varying amounts of time on the market before finding their buyer, and it underscores the importance of understanding local conditions rather than assuming rapid turnover or intense competition between buyers. Among the five documented sales where asking-price data was available, the average sale-to-asking price ratio was 0.978, indicating that buyers, on average, negotiated prices slightly below the listed asking amounts. This ratio reveals a marginal advantage for purchasers in the negotiation process during this period, suggesting a balanced market where sellers cannot consistently extract full asking prices, though the shortfall remains modest. This dynamic is informative for both market participants planning their strategies. The building profile reflects a market heavily oriented toward newer construction. Across the seven sales recorded, zero properties were built before 1980, fourteen percent dated from the 1980-to-2010 period, and the remaining eighty-six percent were built after 2010. This composition indicates that Jonquière's condo market is dominated by relatively recent buildings, which typically incorporate modern building standards, more contemporary amenities, and systems that reflect current construction practices and efficiency expectations. Among the seven documented transactions, fifty-seven percent concluded without a legal warranty of quality. For buyers, this is a standard due-diligence consideration that underscores the importance of conducting thorough inspections and standard property checks as part of the acquisition process, consistent with prudent purchasing practice in any real estate transaction. For a buyer entering this market, understanding local pricing and building profiles will inform realistic offer strategies. For a seller, recognizing the premium that Jonquière commands within Saguenay positions the neighbourhood as an attractive listing area. To estimate the current value of a specific property in Jonquière, consider using a regional real estate estimator tool calibrated to local market data.