Westmount house market — February 2025
Based on 13 actual sales · CourtiConnect
Market context: house in Westmount
The residential market in Westmount recorded 13 sales in February 2025, with a median price of $2,290,000 and an average price of $2,550,962. When positioned against the broader Westmount market over the trailing twelve months—which reported 24 sales at a median of $2,293,500—this neighbourhood sits marginally below the city-wide median by 0.2 percent, indicating pricing alignment with the overall market despite the relatively modest transaction volume observed this month. The pace of sales in February reflects a market segment where properties are moving, though the modest number of transactions suggests deliberate rather than frenzied activity. Real estate markets in affluent areas often operate at a steadier cadence than mass-market segments, and this month's activity is consistent with that pattern. The small sample of 13 documented sales means readers should approach month-to-month conclusions with appropriate caution, as individual transactions carry proportionally greater weight in the aggregate figures. The average sale-to-asking price ratio across the 13 documented sales was 0.946, indicating that properties sold, on average, at approximately 94.6 percent of their asking price. This ratio reveals that sellers maintained meaningful negotiating position; buyers did not collectively drive prices upward, yet neither did they secure substantial discounts from listed values. The ratio suggests a balanced dynamic rather than a buyer's market characterized by deep reductions or a seller's market defined by bidding wars. The building profile reflects a neighbourhood dominated by established architecture. Over the 13 sales examined, 92 percent of properties were constructed before 1980, with the remaining 8 percent built between 1980 and 2010. No properties from post-2010 construction changed hands this month. This composition underscores Westmount's character as a community defined by mature residential stock, where buyers typically encounter and acquire homes with substantial history and established neighbourhoods. In the context of property acquisition, 46 percent of the 13 documented sales were concluded without a legal warranty of quality. This contractual choice is a standard consideration in real estate transactions; buyers engaging in such purchases routinely rely on inspections and standard due-diligence processes to verify property condition and identify any required remediation or maintenance before closing. For prospective buyers, this market presents established properties at prices aligned with broader Westmount values, with room for negotiation evident in the sale-to-asking dynamics. For sellers, current pricing reflects competitive positioning within a stable, albeit moderately active, marketplace. To explore valuations for specific properties or neighbourhoods in Westmount, consider using the real estate estimator tool, which can provide insight tailored to individual circumstances and market conditions.