Terrebonne condo market — February 2025
Based on 8 actual sales · CourtiConnect
Market context: condo in Terrebonne
The condo market in this Terrebonne neighbourhood recorded eight sales in February 2025, with a median price of $416,450 and an average price of $414,863. This neighbourhood sits 1.7 percent below the citywide median for condos across Terrebonne over the trailing 12 months, which stood at $423,500, indicating relative affordability within the local market. The six-month trend shows a decline of 7.3 percent in neighbourhood median pricing, suggesting moderating price momentum in the near term. While average days on market data is not available for this specific period, the volume of eight recorded transactions provides a baseline snapshot of activity levels during this month. The sale-to-asking price ratio, documented across five of the recorded sales, came in at 1.008, meaning properties sold slightly above their asking prices on average. This ratio indicates a relatively balanced negotiating dynamic between buyers and sellers, with neither party holding significant leverage during this particular month, though this figure represents documented transactions and may not capture the full transaction universe. The building profile shows a relatively modern housing stock in this neighbourhood. Sixty-three percent of the eight sales involved properties built after 2010, while 38 percent dated from between 1980 and 2010. No units in the sales sample predated 1980, reflecting the newer character of the available condo inventory. In the course of due diligence, buyers should be aware that 13 percent of the eight documented sales concluded without a legal warranty of quality, a standard inspection point that purchasers routinely address through property evaluations and standard verification checks during the acquisition process. For buyers, this neighbourhood offers established newer construction at a modest discount relative to the broader Terrebonne market, though the recent price trajectory warrants careful evaluation. For sellers, the current pricing environment requires realistic positioning given the downward six-month trend and the slight buyer leverage suggested by recent negotiations. To estimate the current value of a specific property in this neighbourhood, consider using the market estimator tool, which can help refine these observations with property-specific details.