property
Montmartre Penthouse at Rue Caulaincourt Tops July Auction at 2.8 Million Euros, Shifting Comparables
The record result from the July 3 auction has already pushed asking prices higher on adjacent streets in the 18th arrondissement.
How we reported this
A four-bedroom penthouse at 47 Rue Caulaincourt sold for 2.8 million euros on July 3, the highest single residential result recorded in Montmartre this month.
The transaction occurred against a backdrop of firmer clearance rates across the 18th arrondissement, where buyers have returned to viewings after a quieter spring. Local agents note that properties with terraces or direct sightlines to the Sacré-Cœur basilica have drawn the strongest interest, a pattern that accelerated once the Rue Caulaincourt result was registered with the Paris Chamber of Notaries.
The building sits two blocks from the Lapin Agile cabaret and within the catchment of the Montmartre Heritage Society’s quarterly open-house program, both of which continue to draw international visitors and second-home buyers. Several comparable apartments on Rue des Abbesses and Rue des Martyrs have since been re-listed with 8 to 12 percent price increases in the days since the auction.
Clearance Data and Square-Metre Benchmarks
Paris Chamber of Notaries figures released on July 6 show Montmartre’s clearance rate reached 71 percent for the four-week period ending July 5, up from 59 percent in the same window last year. The Rue Caulaincourt penthouse achieved 13,650 euros per square metre, the highest rate for any Montmartre apartment over 180 square metres since January. Two other lots in the same auction cycle, both on Rue Lepic, cleared at 11,900 and 12,400 euros per square metre respectively.
Next Steps for Sellers and Buyers
Owners planning to list before September are advised to obtain a recent notarial valuation and schedule viewings during the final two weeks of July, when foot traffic near the Place du Tertre typically peaks. Prospective buyers should prepare financing confirmations in advance, as four of the five highest bids in the July 3 session came from cash purchasers. Agents at local agencies along Boulevard de Clichy report that similar stock is now moving to private treaty within ten days of listing when priced within 5 percent of the new benchmark.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.