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My Metro Moncton Market Report for January 2009

 

My report includes the City of Moncton, the City of Dieppe and the Town of Riverview.

In 2009 my Monthly Metro Real Estate Market Reports will show sales of existing and new construction separately.

Also I'll now include a three month period to reduce fluctuations caused by inconsistent reporting of sales as they occur.

I caution that average price information can be useful in establishing trends over time, but does not indicate actual prices in cities and towns comprised of widely divergent neighbourhoods and age of properties.


Unit sales of existing homes were down and average of 30% over the three month period.
The sale to list price percentage for existing residential properties declined somewhat.
The average days on market rose slightly from the previous year.

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Of Sales
JAN-2009 166618 158138 95% 100 days 45
DEC-2008 179362 168764 94% 103 days 53
NOV-2008 173292 165581 96% 78 days 62
3 month period 173426 164542 95 % 93 days 160
JAN-2008 166336 159833 96% 92 days 70
DEC-2007 158585 151879 96% 107 days 62
NOV-2007 161626 155626 96% 73 days 97
3 month period 162243 155897 96 % 88 days 229

Unit sales of new homes were down an average of 13% over the three month period compared to the prior year.
The average days on market for went down by over two weeks.
The sales to list price for new construction is steady.
Worth noting is that new construction as a percentage of all residential sales is now running at 27%.

Month

Average List Price Average Sale Price Sale to List Price Average List Duration # Of Sales
JAN-2009 157176 157229 100% 133 days 17
DEC-2008 183064 181783 99% 93 days 28
NOV-2008 173557 174221 100% 80 days 14
3 month period 173349 172914 100 % 102 days 59
JAN-2008 180883 182093 101% 102 days 23
DEC-2007 172743 172048 100% 145 days 23
NOV-2007 155445 154293 99% 105 days 22
3 month period 169900 169702 100 % 118 days 68

I'm an independent real estate agent, licensed in New Brunswick, Canada and residing in Moncton

For help with the local housing market contact me at www.LarryEstabrooks.com

Posted Friday Jan 30
( 02/17/09 10:33AM ) — The Editor

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Regards
The Editor

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