New Brunswick

April 2009 Moncton Housing Market Report

05-10-09

Larry Estabrooks, Moncton Real Estate: Real Estate Agent in Moncton, NB

view my blog
Office: (506) 856-0202

Mobile: (506) 856-0202

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.

3 Comments

LET'S LOOK AT WHAT HAPPENED IN THE FREDERICTON REAL ESTATE MARKET IN MARCH 2009.

04-16-09

Phil Booker

view my blog
Office: (506) 451-7653

Mobile: (506) 292-6726
Secondary: (506) 460-1400

We have some good news for March 2009. Sales have picked up substancially throughout the month. In

fact they increased 18% over March of last year. Now that the snow banks have receeded March sales

have gone a long way to correct the snowy January and February shortfall from the same periods over last year.

This dropped the per centage of dollar volume down, year over year from -35% to -16%. I suspect that this -16%/month

will stick around throughout April, May and June. The overall correction should level out at -10% year over

year, by July or August stats.

The good news is that we are experiencing a relatively strong stable real estate market and there is

nothing in the high water mark future that suggests anything but good times to come.

So with the Government's new home buyer incentive and the lowest interests in history @ 3.69% for 5

year term, we should have hoards of smart buyers on the market this Spring and throughout the year.

Talk to you all at April month end and enjoy the buzz of sales as we spring into Spring. Cheers, Phil.

0 Comments

Anticipation....

04-13-09

Nancy Hare

view my blog
Office: (506) 778-1920

Mobile: (506) 627-6735
Secondary: (506) 778-1935

Okay so the house was shown twice, no negative feedback. Actually received some compliments. All that prep work must of helped. I am ever hopeful that the place will sell.

It snowed today... yes you are reading that right. Kind of a downer... but I am convinced its the last snow of the Winter.. umm Spring.

I want to be out of here by June, so someone better get selling.. ha ha.

3 Comments

2009 Housing Starts - New Brunswick - Canada

04-12-09

Larry Estabrooks, Moncton Real Estate

view my blog
Office: (506) 856-0202

Mobile: (506) 856-0202

According to the Canada Mortgage and Housing Corporation, single family housing starts declined in the first quarter of 2009 for all three of New Brunswick's major urban centres.

Last year single detached starts in the Moncton CMA were also the lowest in the first quarter. However by the end of 2008 single detached starts in the Moncton CMA easily surpassed starts in the Saint John CMA and the Fredericton CA. Will this scenario repeat itself in 2009? I predict it will.

(Preliminary single family detached housing starts data supplied by the Canada Mortgage and Housing Corporation)

New Brunswick 2009 first quarter housing starts chart

2 Comments

New web site design service based in Moncton

04-12-09

Larry Estabrooks, Moncton Real Estate

view my blog
Office: (506) 856-0202

Mobile: (506) 856-0202

I recommend this IT professional. Manjit Hall and her immediate family recently immigrated from England to Canada. They chose Moncton, New Brunswick as their new home. Manjit can help you with your web page design wherever you live. Have a look at Manjit's web site for her qualifications and experience:

www.manjithall.com

0 Comments