Shediac and area market report

This monthly sales report is for the benefit of my local and out of Province clients,
and is my first report of 2008
and covers 2007 and the first three months of 2008.
January through March (first quarter) unit sales are
ahead of last year in the single family detached category,
behind in the cottage / recreational and land categories.

Now that spring is here sales will pick up with an influx of new listings.

To view a list of properties for sale in and around the seaside Town of Shediac,
choose from the two areas below which will open new windows:

<click here> - for East Shediac

<click here> - for West Shediac

You may receive full details on any property advertised on mls.ca
by contacting me with the MLS® number and I will email you the full details.
I'm available to represent your interests as your agent, as long as a property is not listed with me.
Learn more about how this works at www.MonctonGuide.com

Single family detached
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2008	186800	175071	94%	135 days	14
FEB-2008	130371	123683	95%	130 days	24
JAN-2008	232775	224500	96%	175 days	8
DEC-2007	166260	155980	94%	169 days	10
NOV-2007	137100	130040	95%	100 days	15
OCT-2007	173163	153821	89%	90 days	19
SEP-2007	161405	147060	91%	166 days	20
AUG-2007	167470	160209	96%	85 days	23
JUL-2007	181046	173942	96%	115 days	26
JUN-2007	176426	168389	95%	130 days	19
MAY-2007	144319	139305	97%	147 days	21
APR-2007	139194	131550	95%	122 days	18
MAR-2007	168770	162290	96%	92 days	10
FEB-2007	142500	135238	95%	136 days	16
JAN-2007	192970	184700	96%	88 days	10
Averages:	162800	153847	95 %	124 days	253

Cottage / recreational
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2008	39900	34000	85%	57 days	1
FEB-2008	43900	39000	89%	337 days	1
JAN-2008	$0	$0	-- %	0 days	0
DEC-2007	199900	215000	108%	21 days	1
NOV-2007	58400	53250	91%	62 days	2
OCT-2007	127450	124700	98%	50 days	2
SEP-2007	176467	155833	88%	28 days	3
AUG-2007	78750	70683	90%	96 days	6
JUL-2007	93900	85667	91%	204 days	3
JUN-2007	103140	95600	93%	137 days	5
MAY-2007	155075	150500	97%	46 days	4
APR-2007	79175	64500	81%	31 days	4
MAR-2007	52400	50750	97%	186 days	2
FEB-2007	44900	30000	67%	181 days	1
JAN-2007	141900	139450	98%	130 days	2
Averages:	103384	95700	93 %	100 days	37

vacant lots and acreages
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2008	17900	16000	89%	43 days	1
FEB-2008	18900	17500	93%	838 days	1
JAN-2008	15950	14200	89%	494 days	2
DEC-2007	$0	$0	-- %	0 days	0
NOV-2007	29680	27040	91%	388 days	5
OCT-2007	26600	23800	89%	179 days	3
SEP-2007	31360	27300	87%	325 days	5
AUG-2007	36838	32442	88%	259 days	13
JUL-2007	46150	41125	89%	218 days	8
JUN-2007	38700	43667	113%	227 days	6
MAY-2007	40457	31071	77%	270 days	7
APR-2007	39114	37857	97%	269 days	7
MAR-2007	20560	17880	87%	333 days	5
FEB-2007	38783	34983	90%	126 days	6
JAN-2007	60367	50000	83%	195 days	6
Averages:	37183	33327	90 %	264 days	75

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Larry Estabrooks is a licensed independent real estate agent in New Brunswick, Canada

For contact information click here: www.LarryEstabrooks.com/contact/

www.LarryEstabrooks.com - My personal home page

The influence of age on the sale to list price for residential properties.

• The tables below speak for themselves about the influence of the age of a home on the sale to list percentage.

• The numbers for the same period last year back up the figures for this year.

• In the metro area sales of new construction homes represent 25% of all home sales in the first quarter.

• I attribute this to strong sales of new semi-detached homes.
  
  Larry Estabrooks
  "Your Local Expert"

Moncton, Dieppe & Riverview - new construction
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2008	165030	162372	98%	130 days	37
FEB-2008	149340	149204	100%	140 days	30
JAN-2008	174967	176127	101%	102 days	24
Averages:	162478	161659	99 %	126 days	91

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2007	151089	151525	100%	169 days	37
FEB-2007	151243	151194	100%	118 days	37
JAN-2007	187275	183761	98%	137 days	24
Averages:	160009	159295	100 %	142 days	98

 

Moncton, Dieppe & Riverview - one to ten years old
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2008	191045	186703	98%	53 days	31
FEB-2008	228208	219765	96%	98 days	26
JAN-2008	208367	202429	97%	120 days	24
Averages:	208106	201975	97 %	87 days	81

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2007	200529	194600	97%	60 days	34
FEB-2007	187959	183248	97%	63 days	29
JAN-2007	228042	220563	97%	76 days	24
Averages:	203929	197978	97 %	65 days	87

 

Moncton, Dieppe & Riverview - eleven to forty years old
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2008	147981	143352	97%	71 days	32
FEB-2008	165024	158520	96%	82 days	54
JAN-2008	163164	156555	96%	67 days	22
Averages:	159595	153625	96 %	76 days	108

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2007	148218	141632	96%	79 days	44
FEB-2007	168458	164217	97%	73 days	36
JAN-2007	155246	148125	95%	101 days	24
Averages:	156846	150948	96 %	82 days	104

 

Moncton, Dieppe & Riverview - over forty years old
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2008	133700	128029	96%	89 days	35
FEB-2008	138085	131474	95%	76 days	32
JAN-2008	127213	120242	95%	88 days	24
Averages:	133531	127186	95 %	84 days	91

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
MAR-2007	131043	123318	94%	56 days	37
FEB-2007	123593	117129	95%	76 days	42
JAN-2007	125107	119743	96%	74 days	31
Averages:	126526	119947	95 %	69 days	110

(I caution that average price information is useful in establishing trends, but does not indicate home prices in any age group.)

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

www.LarryEstabrooks.com

www.MonctonGuide.com

email - larry@larryestabrooks.com , for more contact information: www.LarryEstabrooks.com/contact/

Snowbanks everywhere! Is it affecting the real estate market?

The last few years we've had some low snowfall winters. Listing and showing properties was relatively hassle free as far as snowbanks. Not this year. Five, six, seven, eight foot banks of snow pushed up by armies of street plows have buried lawn signs. Streets and driveways in some subdivisions are canyons with high white sides.

Well the numbers are in and sales are down for the first time in years.

Is it the sign of a developing trend or is it only this snowy winter covering the for sale signs?

Read more at www.blogmoncton.com