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From my perspective it's looking like this year could be a late blooming summer for residential real estate sales in the metro Moncton area. The sales to listings ratio for July was over 70% in the metro area. There are some good deals to be had by savvy home-buyers who have their own agent representing them. I represented four buyer clients in making smart buys in July.

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Today I composed my Canada Day Metro Moncton Real Estate Market Report, hung out the flag, did a little weeding in my front perennial patch, and made appointments to show a couple of houses tomorrow.
Now a lot of people in the greater Moncton area are hoping the clouds that have blocked the sun all day won't release any rain tonight to spoil the fireworks . The highlight of my Canada Day will be going to an outdoor performance by a local rock 'n' rolk group at 7:30 this evening- The GTO Band . Video to follow.
RAIN, RAIN , STAY AWAY

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The total number year-to-date of residential sales within the City of Moncton reported to the GMREB is down by 28.5%. This number stands out when compared to the City of Dieppe (-8%) and the Town of Riverview (-17.5%). The overall number for the three municipalities is down 22.7%. Learn how to take advantage of the current real estate market on my blog - www.blogMoncton.com.
Because a significant percentage of residential sales in Moncton are new construction housing, I prepared a chart for existing and a chart for new.


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Now that Winter has melted away the Moncton housing market should be warming up. But that is not the case so far in 2009.
Both new and existing residential unit sales reported on the Greater Moncton Real Estate Board MLS® are down. If fact residential unit sales are at the lowest year-to-date level in the last 5 years.
Also single detached and multiple new housings starts reported by the Canada Mortgage and Housing Corporation for the Moncton Census Metropolitan Area indicate lower numbers in both categories.
For the latest numbers in a larger visual format just click on the graph.
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I'm doing another OPEN HOUSE this Sunday, March 15th, from two to four in the afternoon at 26 Firwood Crescent in Grove Hamlet subdivision. If you're in the market for a four upstairs bedrooms home and $184,900 is in your price range then you owe it to yourself to visit this property. This is a sale of an already foreclosed property by the mortgage insurer and could very well be great buy for you. Find more details or take a 360 degree virtual tour on the web at http://26Firwood.info.
Stop in for a visit or to just talk real estate.
Searching for more local bank sale foreclosure properties?
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