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Home2008 Moncton Sales Are Stable

2008 Moncton Sales Are Stable


 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

Posted Wednesday Apr 30
(05/01/08 10:50AM) — Kathy Clulow ASP® SRES®

Larry - I really like your caution message - having the figures that are put out by the various boards and picked up by the press are simply not enough. You need the expertise of a qualified, competent REALTOR® to explain just what those figures mean to you as an indvidual buyer or seller.

(05/01/08 02:26PM) — Larry Estabrooks, Licensed Independent Agent

Yes Kathy you're absolutely correct.
A general market report is not a substitute for a comparable market analysis.
My market reports are about trends.

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