Verdun condo market — May 2025
Based on 14 actual sales · CourtiConnect
Market context: condo in Verdun
The condo market in Verdun and Île-des-Soeurs recorded 14 sales in May 2025, establishing a median price of $575,500. This figure places the neighbourhood at a premium of 1.9 percent relative to the citywide median of $565,000 for condos across Montréal over the trailing twelve months, which was calculated from 473 documented transactions. The neighbourhood therefore commands a modest but measurable pricing advantage compared to the broader market, signalling steady demand for residential units in this area. The average time a property spent on market before sale stood at 48 days, a pace that reflects a balanced market environment. Properties neither languished in inventory nor sold in a matter of hours, suggesting that both buyers and sellers had reasonable opportunity to assess opportunities and make informed decisions without excessive urgency driving negotiations. This moderate absorption rate is consistent with a market where supply and demand remain relatively stable. Across nine documented sales with recorded asking prices, the average sale-to-asking price ratio reached 0.977. This figure indicates that properties in the neighbourhood typically closed at approximately 2.3 percent below their initial asking prices, revealing a buyer-friendly dynamic where negotiation generally favoured purchasers rather than sellers. The data shows that list prices in this market tended to exceed what final purchase agreements delivered, though the gap remained modest and predictable. The building profile in Verdun and Île-des-Soeurs demonstrates a notably modern housing stock. Half of the 14 transactions involved properties built after 2010, reflecting recent construction activity in the neighbourhood. An additional 36 percent of sales concerned buildings predating 1980, while the remaining 14 percent fell into the 1980-to-2010 period. This distribution reveals a market dominated by newer units, with a secondary presence of older heritage stock but minimal representation from the intermediate decades. Among the 14 recorded sales, 7 percent were concluded without a legal warranty of quality from the seller. For buyers acquiring property in such transactions, standard due diligence practices—including professional inspection, title verification, and verification of all municipal compliance documentation—remain particularly important safeguards during the acquisition process. For buyers, this neighbourhood offers a supply of modern condos at prices slightly above the city average, acquired on timelines that allow for thoughtful assessment. For sellers, the modest discount from asking price suggests setting realistic initial valuations aligned with market expectations. To estimate the current value of a specific property in Verdun or Île-des-Soeurs, you are invited to use the real estate estimator tool, which applies local market data to help establish fair market pricing.