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.

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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

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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

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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