Mirabel condo market — July 2025
Based on 13 actual sales · CourtiConnect
Market context: condo in Mirabel
The condo market in the neighbourhood recorded 13 documented sales in July 2025, establishing a median price of $438,000 and an average price of $436,300. This performance positions the neighbourhood at a 9.5 percent premium relative to the broader Mirabel condo market, where the median price across 139 sales over the trailing twelve months stood at $400,000. The neighbourhood therefore commands a notably stronger price position than the city as a whole, reflecting either superior property characteristics, location desirability, or both. The average days on market for these thirteen sales reached 54 days, a metric that reveals a measured pace of absorption. This timeframe suggests neither urgency nor stagnation, but rather a balanced market where properties require a reasonable marketing window before closing. Buyers in this neighbourhood are not encountering properties that disappear within days, nor are they discovering listings that have lingered for months, which indicates relatively stable buyer-seller dynamics. The sale-to-asking price ratio, calculated across the thirteen documented sales, measured 0.985. This figure sits just below parity, indicating that buyers on average negotiated prices marginally below the original asking amounts, though the difference remains minimal. This data point demonstrates that sellers retained reasonable leverage, securing closings near their initial pricing expectations without substantial concessions, a pattern consistent with a market neither dominated by buyer nor seller advantages. The building stock in this neighbourhood leans decidedly modern, with 77 percent of the thirteen documented sales involving condos built after 2010 and 23 percent constructed between 1980 and 2010. No sales involved buildings from before 1980, meaning the neighbourhood consists almost entirely of contemporary and relatively recent residential stock. This composition typically correlates with more predictable building systems, updated construction standards, and lower structural age-related concerns. In the course of these transactions, 8 percent of sales concluded without a legal warranty of quality, a proportion that remains within the normal range encountered in residential real estate acquisitions. Buyers pursuing any purchase in this neighbourhood should undertake standard due diligence measures, including property inspections and customary investigative checks, as part of their acquisition process. For buyers, this neighbourhood presents modern inventory at a premium relative to city-wide pricing, requiring clear justification for the price differential before committing to purchase. For sellers, the market environment supports realistic asking prices with a reasonable probability of achieving near-ask closings within approximately two months. To understand the current estimated value of a specific property in this neighbourhood, consider using the real estate estimator tool, which can provide tailored insights based on individual property characteristics and market conditions.