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Larry Estabrooks, Moncton Real Estate

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My Metro Moncton Market Report for January 2009

01-30-09
Larry Estabrooks, Moncton Real Estate

 

My report includes the City of Moncton, the City of Dieppe and the Town of Riverview.

In 2009 my Monthly Metro Real Estate Market Reports will show sales of existing and new construction separately.

Also I'll now include a three month period to reduce fluctuations caused by inconsistent reporting of sales as they occur.

I caution that average price information can be useful in establishing trends over time, but does not indicate actual prices in cities and towns comprised of widely divergent neighbourhoods and age of properties.

Unit sales of existing homes were down and average of 30% over the three month period.
The sale to list price percentage for existing residential properties declined somewhat.
The average days on market rose slightly from the previous year.

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Of Sales
JAN-2009 166618 158138 95% 100 days 45
DEC-2008 179362 168764 94% 103 days 53
NOV-2008 173292 165581 96% 78 days 62
3 month period 173426 164542 95 % 93 days 160
JAN-2008 166336 159833 96% 92 days 70
DEC-2007 158585 151879 96% 107 days 62
NOV-2007 161626 155626 96% 73 days 97
3 month period 162243 155897 96 % 88 days 229

Unit sales of new homes were down an average of 13% over the three month period compared to the prior year.
The average days on market for went down by over two weeks.
The sales to list price for new construction is steady.
Worth noting is that new construction as a percentage of all residential sales is now running at 27%.

Month

 Average List Price Average Sale Price Sale to List Price Average List Duration # Of Sales
JAN-2009 157176 157229 100% 133 days 17
DEC-2008 183064 181783 99% 93 days 28
NOV-2008 173557 174221 100% 80 days 14
3 month period 173349 172914 100 % 102 days 59
JAN-2008 180883 182093 101% 102 days 23
DEC-2007 172743 172048 100% 145 days 23
NOV-2007 155445 154293 99% 105 days 22
3 month period 169900 169702 100 % 118 days 68

I'm an independent real estate agent, licensed in New Brunswick, Canada and residing in Moncton

For help with the local housing market contact me at www.LarryEstabrooks.com

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Moncton Listed in Top Seven

01-22-09
Larry Estabrooks, Moncton Real Estate

The Intelligent Community Forum announced yesterday its list of the Top Seven Communities of 2009 and for the first time Moncton was selected to be included.

The Intelligent Community Forum recognizes communities that are working to create prosperity and social inclusion in what the Forum terms the "Broadband Economy". The Forum bases its recognition on analysis by a team of independent academic experts.

The ICF announcement says this about Moncton, New Brunswick, Canada.
"Twenty years ago, the Moncton region was a former railroad and industrial hub facing a doubtful future. Since then, this bilingual community has become a major Canadian customer contact and back office center, and built a "near-shore" IT outsourcing industry. Private-sector carriers have collaborated in the city's growth as a telecom-centric economy, and helped power the addition of 20,000 new jobs since the early 1990s."

Also worth noting is that Fredericton, New Brunswick (2008 Top Seven) is also on the 2009 list.
This is a world wide process and two New Brunswick communities were selected for the 2009 Top Seven list.

Congratulations to Bristol, Virginia, USA, the only other North American community to be selected for inclusion in the 2009 list.

The selection is another accolade that bodes well for the continued growth and success of the Moncton community.

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UNESCO Biosphere Reserve in My Neighborhood

01-21-09
Larry Estabrooks, Moncton Real Estate

In the world, there are 529 Biosphere Reserves in 105 countries.
In Canada, there are 15 biosphere reserves in 8 provinces.

So it's really something special to have my trading area, my neighborhood, designated a UNESCO Biosphere Reserve.

A Fundy Biosphere Reserve Sustainable Tourism Conference will be held in Moncton on February 16-17 at the Delta Beauséjour.

There are some wonderful commercial and recreational real estate opportunities in the area of the Fundy Biosphere Reserve.

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New Brunswick Housing Starts For 2008

01-09-09
Larry Estabrooks, Moncton Real Estate

Preliminary housing start figures for 2008 supplied by CMHC highlight comparisons between Moncton, Saint John and Fredericton.

  • The Moncton CMA recorded a significant decline in December starts. The 49 unit decline in December was the main cause that total 2008 starts were 4% lower than 2007. In 2008 the Moncton CMA recorded 43% of the total starts for all urban centres in New Brunswick.

  • Total starts in the Saint John CMA were up a significant 47% over 2007 and accounted for 26% of all urban starts.

  • Total starts in the Fredericton CA were up 9.7% over 2007 and accounted for 22% of all urban starts.

  • Also of note is that Moncton multiple unit starts exceeded single unit starts while the reverse was true for Saint John and Fredericton.

2008 Housing Starts New Brunswick Moncton Saint John

I'm an independent real estate agent in Moncton, New Brunswick, Canada
you'll also find me at www.MonctonGuide.com
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Treed Acre Lot - Nice View - Bay of Fundy

01-05-09
Larry Estabrooks, Moncton Real Estate

$12,900 is a cheap price to own a little piece of beautiful Albert County, New Brunswick. Just over an acre with 400 feet of road frontage. The location is in a rural setting on the corner of the New Ireland Road and Highway 114 which runs between Fundy National Park and Moncton. This is soon to be the Fundy Trail. Electrical and telephone service are available as well as rear round access on this road. Yearly property taxes are only $68 based on an assessed value of $3,600. You may find a copy of the land survey, more location details and larger pictures on this web site -  www.Rural4Sale.com

 

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