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About Westmorland County, NB

Metro Moncton housing more affordable than Fredericton or Saint John

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB
 

Live for less in the metro Moncton area.

Average housing prices are not jumping in the metro Moncton area. I've prepared the tables below to show sales in the metro area ONLY (City of Moncton, City of Dieppe and Town of Riverview), as reported in the Moncton Real Estate Board Multiple Listing Service® database.

These statistics point to a metro area residential market that so far is almost identical to last year.
Unit sales are down a mere 1.7% year to date.
Average sale price, average sale to list percentage and average list duration are all nearly the same year over year.
New construction sales represent over 20% of the residential metro market.

Click here for more about affordable Moncton homes...

Casino New Brunswick Location Revealed

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

The location and some details for Casino New Brunswick, a destination casino, hotel and multi-use entertainment and convention centre to be built in the Magnetic Hill area of the City of Moncton were released today by the Province of New Brunswick and Sonco Gaming New Brunswick Limited Partnership.

The casino complex will be comprised of three completely separate and distinct buildings - a hotel, the Palladium (a multifunction entertainment and convention centre), and the casino - all integrated into one linear design. The buildings will be connected by an interior corridor that allows internal access to all three buildings.

Casino NB

New Moncton Casino Will Effect Property Values, but how?

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

The Province of New Brunswick recently approved a bid that will result in the construction of what will be the only casino in the Province.

The reportedly $90,000,000 destination casino and 128 room hotel will be built on a 70 acre parcel of land located a few hundred feet outside of Moncton city limits and adjacent to the Trans Canada Highway. In addition to being our first casino, a development of this scale outside of the downtown area is unprecedented in our real estate market. In the immediate area of the casino parcel several smaller parcels of vacant land and some residences are currently for sale.

Based on your real estate experience, what effect do you expect the new development will have on property values in the immediate area of a new casino complex?

casino parcel

New Brunswick Municipal Elections 2008

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

Once every four years New Brunswick citizens residing in municipalities and local service districts of various sizes exercise their right to vote by choosing local leaders. These leaders enact zoning bylaws, set rates for property taxes and enact local legislation, all of which affect property owners. Of course there are often other issues, but municipal spending is the one that impacts property owners directly.

In our general area about 65% of all households own the property in which they live. So what would one expect to be a reasonable percentage of eligible voters who took the time to vote? It varies widely, as you can see below.

Moncton
DieppeRiverviewShediacSackville
MemramcookCap-Pele
SalisburyPetitcodiac

Larry Estabrooks is licensed as an independent real estate agent in Moncton, New Brunswick

LarryEstabrooks.com

MonctonGuide.com

Lewisville Real Estate Market Report

Matthew Estabrooks: Real Estate Agent in Moncton, NB


My Lewsiville and Valleyview real estate market report to the end of April shows a strong increase in the number home of sales from 2007.

In the Lewisville and Valleyview area of Moncton there are currently 33 detached and 7 semi-detached homes for sale priced from $95,000 to $296,900.

These statistics point to an active local Moncton market so if you'd like to find a home or sell your property,
 please call me - 383-3085.

Matthew Estabrooks
"Your Local Expert"

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 131117 127142 97% 111 days 12
MAR-2008 135329 128487 95% 80 days 7
FEB-2008 124925 117576 94% 69 days 8
JAN-2008 132400 131450 99% 67 days 2
Averages: 130514 125125 96 % 89 days 29
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 127650 122763 96% 61 days 8
MAR-2007 156100 151333 97% 104 days 3
FEB-2007 117820 111500 95% 72 days 5
JAN-2007 108800 104667 96% 58 days 3
Averages: 126579 121453 96 % 70 days 19

(These figures include both existing and new construction)


Matthew Estabrooks is a licensed independent real estate agent in Moncton, New Brunswick

MatthewEstabrooks.com

Moncton-Real-Estate.com