Villeray–Saint-Michel–Parc-Extension plex market — June 2026

Market context: plex in Villeray–Saint-Michel–Parc-Extension

During June 2026, the plex market in Villeray/Saint-Michel/Parc-Extension recorded eight documented sales transactions, establishing a median price of $1,182,500 and an average price of $1,187,250 for the period. This neighbourhood positioned itself 2.8 percent above the median plex price recorded across Montréal over the trailing twelve months, which stood at $1,150,000 based on 467 sales city-wide. The modest transaction volume reflects a concentrated market segment, though the price differential suggests that properties in this area command a modest premium relative to the broader municipal plex inventory. The average time a plex remained on the market before sale closure was 58 days, a timeframe that indicates a moderate pace of transaction activity. This duration suggests neither a particularly tight inventory environment nor an abundance of unsold stock; rather, it reflects a balanced rhythm in which sellers could reasonably expect their properties to attract serious buyer interest within approximately two months, though individual outcomes naturally varied within the eight recorded sales. The sale-to-asking price ratio across the eight documented sales stood at 0.982, meaning that buyers collectively negotiated properties to approximately 1.8 percent below the initial asking prices on average. This ratio reveals that sellers held some negotiating leverage during the period, as closing prices did not reach asking prices, yet the gap remained narrow enough to suggest relatively stable pricing expectations and transactions completed without exceptional concessions or protracted disputes. The building profile for properties included in these eight sales showed that 100 percent of the units were constructed before 1980, reflecting the established character of the neighbourhood's housing stock. This vintage composition indicates that purchasers were acquiring mature residential buildings with decades of occupancy history, requiring typical due diligence appropriate to pre-1980 construction. Among the eight sales, 75 percent concluded without a legal warranty of quality, a fact that underscores the importance of standard inspection protocols and customary due diligence checks that buyers routinely undertake when acquiring pre-owned residential properties. This share is consistent with normal real estate practice in mature neighbourhoods where properties trade on an as-is basis following inspection and negotiation. For buyers entering this market, the moderate days-on-market figure suggests a reasonable window to evaluate opportunities without excessive time pressure. For sellers, the slight discount from asking prices indicates that realistic pricing from the outset remains a practical approach to achieving efficient closures. To obtain a current estimate of a specific property's market value in Villeray/Saint-Michel/Parc-Extension, consider using the Quebec real estate price estimator tool tailored to this neighbourhood's current conditions.

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