Mirabel condo market — August 2025
Based on 15 actual sales · CourtiConnect
Market context: condo in Mirabel
The condo market in the neighbourhood recorded 15 sales in August 2025, with a median price of $390,000 and an average price of $392,593. This neighbourhood sits 2.5% below the city-wide median for Mirabel, which stood at $400,000 over the trailing twelve months based on 156 recorded transactions. The pricing differential suggests this area offers relative value compared to other residential segments within the municipality. The average time on market for condos in this neighbourhood was 76 days, indicating a moderate pace of sales activity. This timeframe reflects a balanced market where properties typically require several months to move from listing to closing, neither suggesting rapid turnover nor indicating prolonged market stagnation. Among the 15 documented sales, the average sale-to-asking price ratio was 0.988, meaning properties sold at approximately 98.8% of their asking price on average. This figure reveals fairly balanced leverage between buyers and sellers, with homes trending slightly below asking rather than commanding premiums, suggesting neither acute scarcity nor excess inventory characterized the period. The building profile reflects a predominantly newer neighbourhood. Among the 15 sales analyzed, 93% of units were constructed after 2010, while 7% dated to the 1980–2010 period, with no properties predating 1980. This contemporary construction base indicates buyers are acquiring homes with modern systems, recent finishes, and the structural standards of current building codes. In the course of standard due diligence, buyers should note that 7% of the 15 documented sales concluded without a legal warranty of quality. This is a routine consideration in real estate transactions, no different from arranging professional inspections and standard title and property checks before purchase. For buyers, this neighbourhood offers newer inventory at a modest discount to city-wide pricing, making it attractive for those seeking contemporary construction. For sellers, the moderate days on market and near-asking sales performance suggest straightforward, predictable transaction timelines. To explore further insights about condo valuations in this area, consider using the real estate estimator tool.