While I’m sure many of you have seen bits and pieces in the news about how wild the housing market was to 2021. Today, I’m gonna dig into how this affected our areas specifically to help you understand what this means for you.
When you look at this chart, the main takeaway is that in these three areas, we saw a jump in homes sold in 2020, and then a big drop in 2021. What you hear most of the news is about the lack of supply, meaning a historically low number of homes for sale, andwe’re definitely seeing that here in our local market.
Spring 2022 Real Estate Market Update: Hudson, Saint-Lazare & Vaudreuil
The real estate market in Hudson, Saint-Lazare, and Vaudreuil has seen significant shifts over the past two years. Today, we’re diving into key trends, including home sales activity, buyer demand, and home price growth, to help you understand what this means for homeowners and buyers alike.
The Shift in Home Sales: Supply Challenges Continue
The local market has been on a rollercoaster ride. In 2020, home sales surged, followed by a sharp drop in 2021. One of the biggest reasons? Low inventory.
A historically low number of homes for sale has been driving competition, leading to multiple-offer scenarios and rising home prices. This supply shortage has created a seller’s market, where homes are moving quickly, often above the asking price.
🔗 Looking to sell your home? Check out our Home Selling Guide for expert tips on maximizing your sale price.
Buyer Demand in Saint-Lazare, Hudson, and Vaudreuil
While inventory has shrunk, buyer demand has only increased. One key indicator? Days on Market (DOM)—how quickly homes are selling.
- In Vaudreuil, homes are selling twice as fast as they did two years ago.
- In Saint-Lazare, homes are selling three times faster.
- In Hudson, sales speed has quadrupled compared to previous years.
This sustained demand comes from both new buyers moving into the area and existing homeowners looking to move within the region.
However, by late 2021, many buyers stepped back due to market fatigue, becoming more selective about their offers. While multiple-offer situations still happen, the frantic pace of early 2021 has eased slightly.
🔗 Curious about the best neighborhoods? Read our Community Spotlight on Hudson, Saint-Lazare, and Vaudreuil.
Home Prices Surge in the Region
With demand outpacing supply, home prices have soared:
- Vaudreuil: The median sale price hit $520,000, up 27% from 2020 and 51% from 2019.
- Saint-Lazare: The median price reached $615,000, a 31% increase from 2020 and 46.8% from 2019.
- Hudson: Homes averaged $669,000, up 21.6% from 2020 and a staggering 63.8% from 2019.
For perspective, between 2012 and 2018, home prices in the region increased by just 24.5%—a much slower rate compared to the last three years.
How Does This Compare to the Rest of Canada?
Across Canada, home prices rose:
- 26% in 2021
- 40% since January 2020
Our local market has outpaced the national average, reflecting the growing appeal of Hudson, Saint-Lazare, and Vaudreuil as desirable places to live.
📍 Related: 7 Home improvement projects that add value
Need Help Selling Your Home?
Every home has the right buyer—sometimes, it’s just about making the right adjustments.
If you have questions about why your home isn’t selling or want an expert’s opinion on market conditions in Quebec, reach out today!
📞 Call Peter Thompson: (438) 500-8344
📩 Email: peter@peterthompson.ca
🏡 About Peter Thompson
Peter Thompson is a Quebec real estate expert specializing in helping homeowners navigate complex market conditions. Contact him today for a personalized home sale strategy.
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