Westmount house market — August 2026

Market context: house in Westmount

In August 2026, the residential market in Westmount recorded 11 documented sales with a median price of $2,150,000 and an average price of $2,552,058. The neighbourhood's median price stands 6.3 percent below the city-wide median of $2,295,000 calculated across 168 sales over the trailing twelve months, positioning this segment of Westmount as more affordable relative to other parts of the municipality. This price positioning reflects the current distribution of available inventory and buyer activity within this particular neighbourhood during the observation period. The average time properties spent on market reached 220 days, indicating a measured pace of sales activity typical of a market where both buyers and sellers engage in deliberate decision-making. This timeframe suggests that properties are neither moving with urgency nor facing extended holding periods, reflecting conditions in which purchasers have adequate opportunity to evaluate options while vendors pursue their asking prices without excessive pressure to concede ground. Across the 11 documented sales in August 2026, the average sale-to-asking price ratio was 0.932, meaning that properties sold at approximately 93.2 percent of their listed asking prices on average. This figure reveals that buyers held meaningful negotiating leverage during this period, as the consistent discount from list price across the sample indicates a pattern rather than isolated instances. The small sample size of 11 transactions warrants caution in generalizing this pattern, though the consistency of the ratio across these documented sales is noteworthy. The building stock demonstrates a profile heavily weighted toward older construction, with 82 percent of the 11 sales involving properties built before 1980, while 18 percent were constructed after 2010. No sales in this dataset involved homes built between 1980 and 2010, creating a bimodal distribution that reflects the neighbourhood's established character combined with selective newer development. This composition underscores the neighbourhood's dual identity as predominantly vintage properties with a modest contemporary component. In terms of purchase documentation, 55 percent of the sales concluded without legal warranty of quality. Buyers acquiring properties under these conditions proceed through standard due diligence practices including property inspections and customary checks, consistent with typical residential real estate transactions where this contractual arrangement is negotiated between parties. For buyers, the 220-day average absorption period and sub-asking negotiation pattern present an environment favouring deliberate evaluation and price discussion. For sellers, the substantial time-on-market figure underscores the importance of realistic pricing and property positioning to attract committed purchasers. To explore neighbourhood trends and individual property valuations further, consider using the Westmount real estate estimator to gain additional perspective on current market conditions and property-specific factors.

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