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.)

---

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/