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
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.
The coast of New Brunswick along the Northumberland Strait offers the warmest seaside water temperatures in the Summer months of all the East coast beaches north of Virginia.
This seaside chalet is located in Grande-Digue, Kent County, New Brunswick - just a thirty minute drive from the Moncton International Airport and fifteen minutes from Shediac. This area of Grande-Digue is uncrowded, unspoiled and serene. Find more information and video on the web at www.GrandeDigue.info
*Update - there is now a pending sale on this seaside property. If you would like some help finding the seaside property of your dreams then please contact me about my services to Buyers.
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.
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)
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I'm a veteran New Brunswick real estate agent blogging about the real estate market, homes, relocation, agency, house construction and what's so great about Moncton, Dieppe, Riverview, Shediac, ...
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