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Moncton, NB

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New Moncton Casino Will Effect Property Values, but how?

05-24-08
Larry Estabrooks, Moncton Real Estate
Larry Estabrooks, Moncton Real Estate: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

The Province of New Brunswick recently approved a bid that will result in the construction of what will be the only casino in the Province.

The reportedly $90,000,000 destination casino and 128 room hotel will be built on a 70 acre parcel of land located a few hundred feet outside of Moncton city limits and adjacent to the Trans Canada Highway. In addition to being our first casino, a development of this scale outside of the downtown area is unprecedented in our real estate market. In the immediate area of the casino parcel several smaller parcels of vacant land and some residences are currently for sale.

Based on your real estate experience, what effect do you expect the new development will have on property values in the immediate area of a new casino complex?

casino parcel

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Lewisville Real Estate Market Report

05-11-08
Matthew Estabrooks, REALTOR®
Matthew Estabrooks, REALTOR®: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 383-3085
  • Mobile: (506) 383-3085


My Lewsiville and Valleyview real estate market report to the end of April shows a strong increase in the number home of sales from 2007.

In the Lewisville and Valleyview area of Moncton there are currently 33 detached and 7 semi-detached homes for sale priced from $95,000 to $296,900.

These statistics point to an active local Moncton market so if you'd like to find a home or sell your property,
 please call me - 383-3085.

Matthew Estabrooks
"Your Local Expert"

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 131117 127142 97% 111 days 12
MAR-2008 135329 128487 95% 80 days 7
FEB-2008 124925 117576 94% 69 days 8
JAN-2008 132400 131450 99% 67 days 2
Averages: 130514 125125 96 % 89 days 29
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 127650 122763 96% 61 days 8
MAR-2007 156100 151333 97% 104 days 3
FEB-2007 117820 111500 95% 72 days 5
JAN-2007 108800 104667 96% 58 days 3
Averages: 126579 121453 96 % 70 days 19

(These figures include both existing and new construction)

Matthew Estabrooks is a licensed independent real estate agent in Moncton, New Brunswick

MatthewEstabrooks.com

Moncton-Real-Estate.com

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2008 Moncton Sales Are Stable

04-30-08
Larry Estabrooks, Moncton Real Estate
Larry Estabrooks, Moncton Real Estate: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202


I've prepared the three tables below to show sales in the City of Moncton reported through the Moncton Real Estate Board Multiple Listing Service® .

These statistics point to a Moncton market that so far is almost identical to last year. These figures include both existing and new construction.

In the City of Moncton there are currently 417 detached, 101 semi-detached and 64 condominium properties listed for sale on MLS® .
In Moncton the median list price for a detached property is $174,900, for a semi-detached is $138,900 and for a condominium is $175,900.

Larry Estabrooks
"Your Local Expert" - If you would like to discuss the local real estate market please call me at 506-856-0202.
Buy or Sell with confidence in my professional expertise.

 

detached
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 170864 164208 96% 75 days 76
MAR-2008 168287 162959 97% 93 days 75
FEB-2008 174593 167023 96% 96 days 68
JAN-2008 172660 165592 96% 87 days 42
Averages: 171384 164805 96 % 87 days 261
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 156098 151295 97% 64 days 80
MAR-2007 169985 162327 95% 86 days 65
FEB-2007 147432 141638 96% 80 days 66
JAN-2007 155650 149132 96% 74 days 50
Averages: 157279 151186 96 % 75 days 261

 

semi-detached
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 132805 130825 99% 149 days 21
MAR-2008 129760 126090 97% 57 days 20
FEB-2008 133400 132563 99% 118 days 19
JAN-2008 135700 134820 99% 84 days 10
Averages: 132510 130515 98 % 105 days 70
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 126094 124393 99% 110 days 17
MAR-2007 121725 123141 101% 117 days 20
FEB-2007 129407 129120 100% 119 days 15
JAN-2007 126300 126098 100% 138 days 12
Averages: 125544 125429 100 % 119 days 64

 

condominium
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 142550 141075 99% 81 days 4
MAR-2008 154320 149652 97% 148 days 5
FEB-2008 139900 142450 102% 171 days 2
JAN-2008 128767 126967 99% 63 days 3
Averages: 143421 141311 99 % 114 days 14
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 142433 139667 98% 130 days 3
MAR-2007 138820 134750 97% 64 days 5
FEB-2007 147300 144950 98% 60 days 2
JAN-2007 $0 $0 0 % 0 days 0
Averages: 141600 138265 98 % 83 days 10

 

(I caution that average price information can be useful in establishing trends, but does not indicate home prices in Moncton which is comprised of widely divergent neighbourhoods.)

Larry Estabrooks is licensed as an independent real estate agent in Moncton, New Brunswick

LarryEstabrooks.com

MonctonGuide.com

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Moncton Relocation Local Expert

02-05-08
Larry Estabrooks, Moncton Real Estate
Larry Estabrooks, Moncton Real Estate: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

Relocating to the Moncton area?

Is your first question what can I expect to pay for a home? Then you need a local expert!

I've assembled some statistics of existing home prices for 2007.

Comparing all styles of single family homes to bungalows and two storey homes we find that bungalows are lower than the average while two storey homes command a higher than average price. You may also be interest on my statistics for new home prices.

If you would like more detailed information please email me - Larry@LarryEstabrooks.com, and you will find more relocation information at www.LarryEstabrooks.com.

All single family detached homes
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 162723 155865 96% 106 days 52
NOV-2007 167505 160899 96% 73 days 83
OCT-2007 163885 157652 96% 66 days 95
SEP-2007 161335 155130 96% 69 days 86
AUG-2007 167864 162087 97% 70 days 114
JUL-2007 168606 162964 97% 64 days 129
JUN-2007 162573 157100 97% 75 days 159
MAY-2007 171214 165249 97% 67 days 135
APR-2007 163928 158632 97% 70 days 117
MAR-2007 165831 158584 96% 68 days 99
FEB-2007 161271 155902 97% 73 days 96
JAN-2007 167174 160526 96% 84 days 77
Averages: 165547 159543 96 % 72 days 1242

 

Single family detached bungalow
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 134000 127675 95% 100 days 16
NOV-2007 143385 137131 96% 60 days 27
OCT-2007 136425 131375 96% 51 days 20
SEP-2007 148417 142429 96% 50 days 27
AUG-2007 133455 128286 96% 48 days 40
JUL-2007 152937 146770 96% 55 days 41
JUN-2007 144919 139492 96% 63 days 54
MAY-2007 143881 139115 97% 46 days 36
APR-2007 138043 133422 97% 53 days 28
MAR-2007 145871 140055 96% 56 days 28
FEB-2007 143013 138077 97% 68 days 31
JAN-2007 147772 142165 96% 80 days 32
Averages: 143360 137882 96 % 59 days 380

 

Single family detached 2 storey
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 224609 217345 97% 120 days 11
NOV-2007 228264 220559 97% 76 days 22
OCT-2007 214229 205888 96% 85 days 24
SEP-2007 212653 206350 97% 69 days 15
AUG-2007 212955 205482 96% 93 days 33
JUL-2007 213397 208022 97% 60 days 34
JUN-2007 198689 192790 97% 86 days 44
MAY-2007 222376 215353 97% 90 days 37
APR-2007 232396 223607 96% 80 days 27
MAR-2007 206352 199569 97% 52 days 29
FEB-2007 206440 201125 97% 90 days 20
JAN-2007 225702 214656 95% 76 days 16
Averages: 214987 207904 97 % 80 days 312
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Blog_tag

Moncton Relocation Local Expert

02-05-08
Larry Estabrooks, Moncton Real Estate
Larry Estabrooks, Moncton Real Estate: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

Relocating to the Moncton area?

Is your first question what can I expect to pay for a home? Then you need a local expert!

Well, I've assembled some statistics of new home prices for some different types of new homes. New homes are often an attractive option because they are new, no improvements or repairs needed. Windows, roofing, flooring, cabinetry, are all new. New home prices tend to set the price ceiling and used properties usually sell for less than similar new ones.

 Comparing single family detached and semi-detached homes we find semi-detached prices most affordable. You may also be interest on my statistics for existing home prices.

If you would like more detailed information please email me - Larry@LarryEstabrooks.com, and you will find more relocation information at www.LarryEstabrooks.com.

 

New Single Family Detached
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 199264 199009 100% 185 days 11
NOV-2007 186167 184133 99% 82 days 9
OCT-2007 197562 197646 100% 121 days 13
SEP-2007 188280 186316 99% 108 days 15
AUG-2007 197724 198118 100% 146 days 17
JUL-2007 228113 226003 99% 161 days 15
JUN-2007 213490 210944 99% 156 days 20
MAY-2007 194336 193228 99% 193 days 22
APR-2007 198322 196489 99% 222 days 9
MAR-2007 202900 201155 99% 163 days 11
FEB-2007 187669 185531 99% 146 days 13
JAN-2007 310675 299988 97% 108 days 8
Averages: 205706 203873 99 % 152 days 163
New Semi-Detached
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 131811 131512 100% 97 days 9
NOV-2007 134177 133635 100% 120 days 13
OCT-2007 137074 138671 101% 123 days 19
SEP-2007 133895 134555 100% 118 days 20
AUG-2007 129944 131289 101% 143 days 18
JUL-2007 134031 135194 101% 115 days 26
JUN-2007 132805 134205 101% 106 days 21
MAY-2007 130932 133244 102% 118 days 25
APR-2007 132333 131898 100% 154 days 12
MAR-2007 126919 129049 102% 139 days 21
FEB-2007 130749 131931 101% 103 days 22
JAN-2007 126386 126213 100% 133 days 14
Averages: 131809 132894 101 % 122 days 220
New Condominium
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 198300 194800 98% 144 days 3
NOV-2007 $0 $0 -- % 0 days 0
OCT-2007 128950 128950 100% 140 days 2
SEP-2007 144567 147878 102% 178 days 6
AUG-2007 128950 133200 103% 67 days 2
JUL-2007 149100 154374 104% 100 days 5
JUN-2007 144000 148516 103% 86 days 10
MAY-2007 137900 138850 101% 195 days 5
APR-2007 131900 133932 102% 222 days 5
MAR-2007 138620 136740 99% 306 days 5
FEB-2007 139900 139900 100% 113 days 2
JAN-2007 119900 121695 101% 286 days 2
Averages: 143091 145187 101 % 163 days 47

 

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