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Moncton, NB

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Revealing Metro Moncton Real Estate Market Report

07-31-10
Larry Estabrooks, REALTOR®/Moncton, NB, Canada
Larry Estabrooks, REALTOR®/Moncton, NB, Canada: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

My Metro Moncton Residential Market Report includes the cities of Moncton and Dieppe as well as the Town of Riverview.

I've prepared the graph below to illustrate that metro units sales in the last 90 days of 2010 have been the lowest of the last four years. The average days on market of these sales is running at over 100 days, a record high for the period.

2010 Metro Moncton Real Estate Market Graph

If you would like to discuss these metro Moncton real estate market statistics or any other real estate topic, feel free to call me at 506.856.0202

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Canada and Moncton Host Junior Track and Field Athletes From Around the Globe

07-20-10
Larry Estabrooks, REALTOR®/Moncton, NB, Canada
Larry Estabrooks, REALTOR®/Moncton, NB, Canada: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

What's billed as the largest sporting event ever held in Atlantic Canada officially open last night in Moncton. The International Association of Athletics Federations World Junior Championships 2010 places Moncton and it's new stadium on the world stage.

The 400 meter, eight lane track has a Mondo FTX surface, the same artificial surface used at the Beijing Olympics. The events will be televised and the broadcast picked up by countries around the world. The CBC offers coverage each day of the competition on the main network and CBCSporta.ca, where you will find the schedules . It is also availabe in High Definition on CBCHD. The time slot is after midnight so you might want to record it. Look for "Track and Field". There is also daily coverage on the CBC Bold cable channel.

Moncton 2010

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Moncton Awarded an A minus for Best Deals in Real Estate from MoneySense Magazine

06-27-10
Larry Estabrooks, REALTOR®/Moncton, NB, Canada
Larry Estabrooks, REALTOR®/Moncton, NB, Canada: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

The Moncton area was awarded one of only two A's in all of Canada for Best Deals in Real Estate.

Housing in the Metro Moncton market (Moncton - Dieppe - Riverview) is indeed affordable. People are moving here from far and near for affordable housing and the quality of life.

The average sale price in the Metro Moncton market is running around the $170,000 mark so far this year.

And new housing sales make up 25% (that's one in four) of all residential MLS® sales.

Read the MoneySense article.

Then read about what a buyer client from the UK whom I represented has to say about housing prices and the quality of life here in the Moncton area.

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Moncton East Real Estate Market Report For May 2010

05-30-10
Matt Estabrooks
Matt Estabrooks: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 383-3085
  • Mobile: (506) 383-3085


This May 2010 Moncton East real estate market report includes these neighbourhoods: Sunny Brae, Humphrey, Fairview Knoll, Sunny Acres, Cherryfield,  Tankville, Valleyview, Lewisville, Camelot Estates, Harrisville, Royal Oaks, Savannah Heights, Grove Hamlet and Meadow Lake Estates.

Currently in the Moncton East area there are 27 new detached and semi-detached houses as well as 19 new condominium units for sale.

Current existing properties for sale in Moncton East include 117 detached and semi-detached houses as well as 21 condominium units, all priced from $82,500 to $1,695,000.

If you would like to discuss representation in finding a property or in selling one,  please call me at 383-3085.
Matthew Estabrooks
Full representation for real estate clients

In Moncton East so far this year Buyers have the upper hand in local the real estate market.

Year to date shows a softer market for existing properties, averaging more Days on Market and fewer sales:

  Average List Price Average Sale Price Sale to List % Average DOM # Sales
MAY-2010 158267 153547 97% 164 days 15
APR-2010 164252 157214 96% 154 days 14
MAR-2010 176177 166577 95% 74 days 13
FEB-2010 136758 132442 97% 39 days 12
JAN-2010 158978 151711 95% 106 days 9
YTD 159297 152768 96 % 111 days 63
           
MAY-2009 177594 171450 97% 80 days 18
APR-2009 160389 153989 96% 69 days 9
MAR-2009 169643 161764 95% 106 days 17
FEB-2009 183801 177350 96% 84 days 14
JAN-2009 155336 144682 93% 89 days 11
YTD 171102 163716 96 % 87 days 69
           
MAY-2008 155396 149465 96% 74 days 24
APR-2008 156545 148643 95% 50 days 22
MAR-2008 136823 130992 96% 58 days 13
FEB-2008 175896 167540 95% 81 days 23
JAN-2008 161756 153878 95% 111 days 9
YTD 158831 151632 95% 71 days 91

New construction housing sales are also weaker and also average more Days on Market.

  Average List Price Average Sale Price Sale to List % Average DOM # Sales
MAY-2010 229900 225000 98% 443 days 1
APR-2010 184400 193950 105% 167 days 2
MAR-2010 221250 211117 95% 231 days 6
FEB-2010 124900 112320 90% 167 days 1
JAN-2010 167900 167300 100% 54 days 3
YTD 196523 191832 98 % 192 days 13
           
MAY-2009 369900 348000 94% 214 days 2
APR-2009 190150 188775 99% 63 days 4
MAR-2009 143800 150500 105% 107 days 3
FEB-2009 177400 176850 100% 101 days 2
JAN-2009 168425 172100 102% 134 days 4
YTD 197353 196313 99 % 116 days 15
           
MAY-2008 166525 170356 102% 78 days 8
APR-2008 176122 176472 100% 137 days 9
MAR-2008 175913 172087 98% 139 days 8
FEB-2008 133100 130100 98% 132 days 4
JAN-2008 204233 200283 98% 65 days 3
YTD 170928 170283 100 % 115 days 32

 

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

MatthewEstabrooks.com

Moncton-Real-Estate.com

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Moncton Real Estate Investment Opportunity

04-27-10
Larry Estabrooks, REALTOR®/Moncton, NB, Canada
Larry Estabrooks, REALTOR®/Moncton, NB, Canada: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

Soon to be listed - 5.5 acres zoned MU1 (Multiple Unit Density 1)

Permitted uses include

  • Multiple unit residential buildings, either rental or condominium.

  • Health and wellness centre which typically include services such as acupuncture, naturopathic medicine, homeopathy, fitness, and massage therapy.

  • Daycare centre use - The provincial regulation requires 35 square feet per child of usable floor space, exclusive of offices, hallways, washrooms, lockers, kitchen facilities, shower rooms and isolation rooms. Maximum lot coverage in this zone is 50% so a 242,187 square foot lot can accommodate quite a substantial building.

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