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List Sale Price Ratio

04-01-08
Larry Estabrooks, Moncton Real Estate
Larry Estabrooks, Moncton Real Estate: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

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/

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Blog_tag

Progress is GREAT in Saint John for creating an "Energy Hub" and for cleaning up the harbor!

03-29-08
Ann-Marie Clements Luxury Homes Realtor Saint John, Quispamsis, & Grand Bay
Ann-Marie Clements Luxury Homes Realtor Saint John, Quispamsis, & Grand Bay: Real Estate Agent in Saint John, NB
  • view my blog
  • Office: (800) 775-0077
  • Mobile: (506) 639-8617
  • Secondary: (506) 658-6440

It's wonderful to see the busy environment and the growing expectations for the Saint John "Energy Hub". With this endeavor, plus the harbor cleanup, will add to the enticement for future business interests to locate their businesses here in Saint John and their surrounding communities.

Let's make this transition as quickly and smoothly as possible, so the "outside world" and the "locals" can see the progression occurring. This will make the locals have faith in their community and the future it holds. As a transplant from "The States" I would love to see progressive and high end jobs settle in the Saint John community. It has wonderful hills, waterways and abundant natural resources, plus the added motivator; very friendly people.

Progress is GREAT for Saint John. Let's see it happen at a faster pace!!!

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Blog_tag

Cannot Read The Signs

03-03-08
Larry Estabrooks, Moncton Real Estate
Larry Estabrooks, Moncton Real Estate: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

Snowbanks everywhere! Is it affecting the real estate market?

The last few years we've had some low snowfall winters. Listing and showing properties was relatively hassle free as far as snowbanks. Not this year. Five, six, seven, eight foot banks of snow pushed up by armies of street plows have buried lawn signs. Streets and driveways in some subdivisions are canyons with high white sides.

Well the numbers are in and sales are down for the first time in years.

Is it the sign of a developing trend or is it only this snowy winter covering the for sale signs?

Read more at www.blogmoncton.com

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Blog_tag

Real Estate Forum - Saint John, New Brunswick

02-22-08
Luther Harrity - Saint John, Rothesay, Hampton, New Brunswick Real Esate
Luther Harrity - Saint John, Rothesay, Hampton, New Brunswick Real Esate: Real Estate Agent in Saint John, NB
  • view my blog
  • Office: (866) 593-7446
  • Mobile: (506) 654-2519

On Tuesday March 11th Fusion Saint John, B&N Flooring and myself will be hosting a Real Estate Forum.The forum will take place at B&N Flooring and covering topics including: The home buying process, the selling process, mortgages, investing, a career in real estate and more! The evening will primarily focus on First Time Home Buyers.

Speakers are as follows:

  • Myself (Luther Harrity) [REALTOR]
  • Sheila Elliott [REALTOR]
  • Emily Stevens [Mortgage Specialist]
  • Meghan Mackenzie [Interior Decorator - B&N Flooring]
For more details visit www.lutherharrity.ca
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Blog_tag

Moncton Relocation Local Expert

02-05-08
Larry Estabrooks, Moncton Real Estate
Larry Estabrooks, Moncton Real Estate: Real Estate Agent in Moncton, NB
  • view my blog
  • Office: (506) 856-0202
  • Mobile: (506) 856-0202

Relocating to the Moncton area?

Is your first question what can I expect to pay for a home? Then you need a local expert!

I've assembled some statistics of existing home prices for 2007.

Comparing all styles of single family homes to bungalows and two storey homes we find that bungalows are lower than the average while two storey homes command a higher than average price. You may also be interest on my statistics for new home prices.

If you would like more detailed information please email me - Larry@LarryEstabrooks.com, and you will find more relocation information at www.LarryEstabrooks.com.

All single family detached homes
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 162723 155865 96% 106 days 52
NOV-2007 167505 160899 96% 73 days 83
OCT-2007 163885 157652 96% 66 days 95
SEP-2007 161335 155130 96% 69 days 86
AUG-2007 167864 162087 97% 70 days 114
JUL-2007 168606 162964 97% 64 days 129
JUN-2007 162573 157100 97% 75 days 159
MAY-2007 171214 165249 97% 67 days 135
APR-2007 163928 158632 97% 70 days 117
MAR-2007 165831 158584 96% 68 days 99
FEB-2007 161271 155902 97% 73 days 96
JAN-2007 167174 160526 96% 84 days 77
Averages: 165547 159543 96 % 72 days 1242

 

Single family detached bungalow
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 134000 127675 95% 100 days 16
NOV-2007 143385 137131 96% 60 days 27
OCT-2007 136425 131375 96% 51 days 20
SEP-2007 148417 142429 96% 50 days 27
AUG-2007 133455 128286 96% 48 days 40
JUL-2007 152937 146770 96% 55 days 41
JUN-2007 144919 139492 96% 63 days 54
MAY-2007 143881 139115 97% 46 days 36
APR-2007 138043 133422 97% 53 days 28
MAR-2007 145871 140055 96% 56 days 28
FEB-2007 143013 138077 97% 68 days 31
JAN-2007 147772 142165 96% 80 days 32
Averages: 143360 137882 96 % 59 days 380

 

Single family detached 2 storey
Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
DEC-2007 224609 217345 97% 120 days 11
NOV-2007 228264 220559 97% 76 days 22
OCT-2007 214229 205888 96% 85 days 24
SEP-2007 212653 206350 97% 69 days 15
AUG-2007 212955 205482 96% 93 days 33
JUL-2007 213397 208022 97% 60 days 34
JUN-2007 198689 192790 97% 86 days 44
MAY-2007 222376 215353 97% 90 days 37
APR-2007 232396 223607 96% 80 days 27
MAR-2007 206352 199569 97% 52 days 29
FEB-2007 206440 201125 97% 90 days 20
JAN-2007 225702 214656 95% 76 days 16
Averages: 214987 207904 97 % 80 days 312
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