Mirabel condo market — January 2025
Based on 19 actual sales · CourtiConnect
Market context: condo in Mirabel
The condo market in Mirabel recorded 19 sales in January 2025, with a median price of $370,000 and an average price of $417,795. The neighbourhood sits marginally above the city-wide baseline, trading at a premium of 0.3% relative to the median condo price across all of Mirabel over the trailing 12 months, which stood at $368,750. This positioning reflects a market where local conditions remain closely aligned with broader city trends, suggesting stable and consistent pricing dynamics without significant neighbourhood-specific premiums or discounts. The pace of sales activity in this period indicates a market functioning at a steady rhythm, though the specific average days on market has not been detailed in the available data. What emerges clearly from transaction patterns is the overall volume and price consistency, pointing to a market where properties are moving through their cycles at a predictable rate characteristic of Mirabel's residential landscape. Among the documented sales, the average sale-to-asking price ratio stood at 0.980 across 18 properties. This figure—below the 1.0 benchmark—reveals that buyers held moderate leverage during this period, with properties typically closing at a small discount to listed asking prices. This pattern suggests a balanced market where seller expectations require modest adjustment to secure transactions, indicating neither excess buyer urgency nor significant inventory pressure. The building profile across the 19 sales demonstrates a heavily modern inventory composition, with 89% of units constructed after 2010 and 11% built between 1980 and 2010. No condos from before 1980 were part of the transaction set, reflecting Mirabel's relatively newer housing stock and buyer preference for contemporary construction. This prevalence of newer buildings aligns with the broader development trajectory of the region and typically supports lower maintenance concerns and contemporary amenities. In reviewing any purchase, buyers should engage standard due-diligence practices including inspections and routine quality checks, as is customary across all real estate transactions. Across the 19 documented sales in this dataset, all units retained legal warranty of quality, which forms part of standard transactional practice. For buyers, this period represents an opportunity to acquire relatively new inventory at prices tracking closely with city averages. For sellers, the modest discount-to-asking pattern underscores the value of realistic pricing to facilitate timely closes. To explore current market conditions and estimate values for specific properties in Mirabel, consider using the market estimator tool, which integrates recent transaction data and local pricing trends.