Villeray–Saint-Michel–Parc-Extension condo market — August 2026
Based on 6 actual sales · CourtiConnect
Market context: condo in Villeray–Saint-Michel–Parc-Extension
The condo market in Villeray/Saint-Michel/Parc-Extension recorded six sales in August 2026, establishing a median price of $651,750 and an average price of $716,583 for the period. This neighbourhood continues to command a premium relative to the broader Montreal market, sitting 12.5% above the city median of $579,500 over the trailing 12 months, which was calculated from 1,857 documented sales across all of Montreal. The neighbourhood's pricing strength reflects sustained buyer interest despite the modest transaction volume observed in this particular month. The average time on market for condos in this area stood at 70 days, a figure that indicates a measured pace of sales activity. This timeframe suggests that properties are neither moving with exceptional urgency nor lingering on the market without interest, reflecting a relatively balanced negotiating environment between buyers and sellers during this period. Across the six documented sales, the average sale-to-asking price ratio reached 0.972, meaning that properties sold at approximately 97.2% of their listed asking price on average. This figure reveals that buyers held sufficient negotiating leverage to secure modest discounts from the listed prices, though the gap remains relatively tight and suggests that asking prices were generally well-calibrated to market expectations. The building profile in this neighbourhood shows considerable diversity by construction period. Half of the recorded sales involved properties built before 1980, representing the older stock characteristic of these historically developed areas. One-third of sales involved more recent construction from 2010 onward, reflecting modernization and new development activity. The remaining 17% came from properties built between 1980 and 2010, filling out the mid-century and early contemporary range. All six documented sales were concluded with the standard legal warranty of quality in place, consistent with conventional real estate practice. Buyers in this market should conduct the customary due diligence including property inspections and standard title and structural checks as part of their acquisition process. For buyers, this neighbourhood offers established communities with a mix of older character properties and newer construction, positioned at a clear price premium to the city average. For sellers, the relatively quick absorption at near-asking prices suggests a receptive market for well-positioned listings. To evaluate a specific property in Villeray/Saint-Michel/Parc-Extension, consider using a local real estate estimator to understand how individual characteristics align with current market conditions.