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New Moncton Casino Will Effect Property Values, but how?

The Province of New Brunswick recently approved a bid that will result in the construction of what will be the only casino in the Province.

The reportedly $90,000,000 destination casino and 128 room hotel will be built on a 70 acre parcel of land located a few hundred feet outside of Moncton city limits and adjacent to the Trans Canada Highway. In addition to being our first casino, a development of this scale outside of the downtown area is unprecedented in our real estate market. In the immediate area of the casino parcel several smaller parcels of vacant land and some residences are currently for sale.

Based on your real estate experience, what effect do you expect the new development will have on property values in the immediate area of a new casino complex?

casino parcel

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

Maximum Internet Exposure & Why it's Important in Saint John!

In today's market more than 88% of buyers start their home search online. Most of them start searching online before they even speak to an agent. The Saint John real estate market moves very quickly and many buyers depend on the internet to get the upper hand on new listings. That's why it is so important to have your home marketed online with MAXIMUM web exposure.

When you market your property online you have the ability to show the value in your home with large pictures, slide shows, and detailed information. When hiring an agent, you will want to make sure they have their own website where they will display the detailed information and the large pictures. You will also want to make sure they have a way to capture information from potential buyers.

Along with marketing your home on the agent’s website, you will likely have it advertised on MLS.ca (soon to be REALTOR.ca). It is important to advertise on MLS.ca simply because the website receives a huge sum of daily visits. Unfortunately there may not be room for full details, large images, maps, videos and other value added content.

You want your home to be advertised on the agent's website in conjunction with several other websites - including local classified websites, social networking websites, and search engines.

Generally speaking I like to advertise on Facebook and using Google Adwords. Both of these websites allow me to target people living in your area. For example, if I am selling a home in Saint John I want to limit my Google ad words to people in New Brunswick, or even just Saint John, Rothesay and Sussex. These are the people most likely to purchase your home (it doesn't make sense to advertise to people in Japan if you want to target people in the greater Saint John Area. This can cost a lot of money which could be better used to market your home). With Facebook, you can also add a picture of the home for sale and choose where it will show up (in the ad box, or on people's main screen). When they click on the photo and description, they end up at my website where they can see all the features of your home, and most importantly see the value in your home.

Along with these websites I advertise in the online classifieds, and on the radio. The radio allows me to market your home to thousands all at the same time. Although they can't see you home on the radio, we use descriptive keywords for them to imagine what your home might be like. After hearing the ad, they will often visit my website to take a look at your home.

Whether you choose me to sell your home with me or another agent - make sure to ask them what they do to market your home on the internet!

Luther Harrity (Royal LePage Atlantic)

1-866-593-7446 www.sellwithme.ca

Luther Harrity - Saint John, Rothesay,  Hampton, New Brunswick Real Esate: Real Estate Agent in Saint John, NB

YES!!! Medical School Coming to Saint John, New Brunswick

What a wonderful, exciting encouraging and motivating proposal for the Saint John students and their parents, now realizing that a state-of-art Medical School will be housed in the Saint John area. Having a Medical School in the area, will give local students resources for finishing their education locally, without moving out to get the professional training. This will give residents future doctors, nurses and other medical professionals.

Since most employers look to see what services the community have before they move into them. What a ingenious way to entice future employers to locate their corporations in the Saint John, New Brunswick area. This is working on the infrastructure of the community for future years to come.

People will be encouraged to move back, if not, move to Saint John, knowing that their families will have health professionals to visit in a shorter time frame. This is an absolutely wonderful way to motivate the public to a revitalized Saint John in years to come, especially as the uprising energy hub!!!

Ann-Marie Clements, GREEN REALTOR® M.S. Saint John & Kings County: Real Estate Sales Person in Saint John, NB

New Brunswick Municipal Elections 2008

Once every four years New Brunswick citizens residing in municipalities and local service districts of various sizes exercise their right to vote by choosing local leaders. These leaders enact zoning bylaws, set rates for property taxes and enact local legislation, all of which affect property owners. Of course there are often other issues, but municipal spending is the one that impacts property owners directly.

In our general area about 65% of all households own the property in which they live. So what would one expect to be a reasonable percentage of eligible voters who took the time to vote? It varies widely, as you can see below.

Moncton
DieppeRiverviewShediacSackville
MemramcookCap-Pele
SalisburyPetitcodiac

Larry Estabrooks is licensed as an independent real estate agent in Moncton, New Brunswick

LarryEstabrooks.com

MonctonGuide.com

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

Lewisville Real Estate Market Report

05-11-08
Authored by: Matthew Estabrooks


My Lewsiville and Valleyview real estate market report to the end of April shows a strong increase in the number home of sales from 2007.

In the Lewisville and Valleyview area of Moncton there are currently 33 detached and 7 semi-detached homes for sale priced from $95,000 to $296,900.

These statistics point to an active local Moncton market so if you'd like to find a home or sell your property,
 please call me - 383-3085.

Matthew Estabrooks
"Your Local Expert"

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 131117 127142 97% 111 days 12
MAR-2008 135329 128487 95% 80 days 7
FEB-2008 124925 117576 94% 69 days 8
JAN-2008 132400 131450 99% 67 days 2
Averages: 130514 125125 96 % 89 days 29
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 127650 122763 96% 61 days 8
MAR-2007 156100 151333 97% 104 days 3
FEB-2007 117820 111500 95% 72 days 5
JAN-2007 108800 104667 96% 58 days 3
Averages: 126579 121453 96 % 70 days 19

(These figures include both existing and new construction)


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

MatthewEstabrooks.com

Moncton-Real-Estate.com

Authored by: Matthew Estabrooks
Matthew Estabrooks: Real Estate Agent in Moncton, NB

CANADA: Saint John is Growing!!!

Welcome to Saint John, New Brunswick, CANADA!!! Where people are very friendly and transitioning from blue collar work to high skilled labor & technically advanced market. The area around Saint John is beginning to flourish, especially the Kennebasis Valley, Milledgeville and the River Valley area of Grand Bay-Westfield. WHY? The unlimited resources of minerals and the wonderful scenic hills of continous granite lined streets and waterways. This is an untapped market, getting ready to boom. My vision of the future, is continual job and economic growth, cultural diversification, with a "green" environment. With an increasily "green" environmental future, with the harbour cleanup initiative, this will become one of the greatest harbours on the eastern seaboard. With the building of a clean, environmentally friendly new technology oil refinery and the greenhouse free electrical output of the LePreau Generating Station and potential development of "wave energy" conversion technology, Saint Johners are looking to our children's future.

Ann-Marie Clements, GREEN REALTOR® M.S. Saint John & Kings County: Real Estate Sales Person in Saint John, NB

2008 Moncton Sales Are Stable


I've prepared the three tables below to show sales in the City of Moncton reported through the Moncton Real Estate Board Multiple Listing Service® .

These statistics point to a Moncton market that so far is almost identical to last year. These figures include both existing and new construction.

In the City of Moncton there are currently 417 detached, 101 semi-detached and 64 condominium properties listed for sale on MLS® .
In Moncton the median list price for a detached property is $174,900, for a semi-detached is $138,900 and for a condominium is $175,900.

Larry Estabrooks
"Your Local Expert" - If you would like to discuss the local real estate market please call me at 506-856-0202.
Buy or Sell with confidence in my professional expertise.

 

detached

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 170864 164208 96% 75 days 76
MAR-2008 168287 162959 97% 93 days 75
FEB-2008 174593 167023 96% 96 days 68
JAN-2008 172660 165592 96% 87 days 42
Averages: 171384 164805 96 % 87 days 261
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 156098 151295 97% 64 days 80
MAR-2007 169985 162327 95% 86 days 65
FEB-2007 147432 141638 96% 80 days 66
JAN-2007 155650 149132 96% 74 days 50
Averages: 157279 151186 96 % 75 days 261

 

semi-detached

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 132805 130825 99% 149 days 21
MAR-2008 129760 126090 97% 57 days 20
FEB-2008 133400 132563 99% 118 days 19
JAN-2008 135700 134820 99% 84 days 10
Averages: 132510 130515 98 % 105 days 70
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 126094 124393 99% 110 days 17
MAR-2007 121725 123141 101% 117 days 20
FEB-2007 129407 129120 100% 119 days 15
JAN-2007 126300 126098 100% 138 days 12
Averages: 125544 125429 100 % 119 days 64

 

condominium

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 142550 141075 99% 81 days 4
MAR-2008 154320 149652 97% 148 days 5
FEB-2008 139900 142450 102% 171 days 2
JAN-2008 128767 126967 99% 63 days 3
Averages: 143421 141311 99 % 114 days 14
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 142433 139667 98% 130 days 3
MAR-2007 138820 134750 97% 64 days 5
FEB-2007 147300 144950 98% 60 days 2
JAN-2007 $0 $0 0 % 0 days 0
Averages: 141600 138265 98 % 83 days 10

 

(I caution that average price information can be useful in establishing trends, but does not indicate home prices in Moncton which is comprised of widely divergent neighbourhoods.)


Larry Estabrooks is licensed as an independent real estate agent in Moncton, New Brunswick

LarryEstabrooks.com

MonctonGuide.com

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

Dieppe Real Estate Market Report


The two tables below show Dieppe single detached and semi-detached sales to date of this post.
The stats point to a more balanced market in this almost four month period.
The average sale price and the number of sales is down from last year while the average days on the market is up.
The figures include both existing and new construction sales on freehold land.

Currently there are 160 single family detached and 27 semi-detached homes for sale in Dieppe.
Of these, only seven are priced under $100,000.

Larry Estabrooks
"Your Local Expert" - Sell or Buy with confidence in my professional expertise.

 

single detached

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 182776 175746 96% 143 days 17
MAR-2008 168288 166381 99% 121 days 8
FEB-2008 190220 183745 97% 87 days 20
JAN-2008 209863 206121 98% 125 days 19
Averages: 191333 186093 97 % 117 days 64
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 201558 196721 98% 118 days 24
MAR-2007 185368 180666 97% 82 days 19
FEB-2007 217789 215204 99% 86 days 27
JAN-2007 228923 220361 96% 100 days 22
Averages: 209522 204483 98 % 97 days 92

 

semi-detached

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2007 129567 128467 99% 118 days 3
MAR-2007 125333 123400 98% 70 days 6
FEB-2007 128553 130519 102% 84 days 9
JAN-2007 128900 128900 100% 102 days 1
Averages: 127714 127862 100 % 86 days 19
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
APR-2008 126150 125250 99% 81 days 4
MAR-2008 135900 135250 100% 97 days 8
FEB-2008 139900 134967 96% 146 days 3
JAN-2008 130100 131340 101% 138 days 5
Averages: 133100 132230 99 % 112 days 20

(I caution that average price information can be useful in establishing trends, but does not indicate home prices in municipalities comprised of widely divergent neighbourhoods.)


Larry Estabrooks is a licensed independent real estate agent in New Brunswick

www.LarryEstabrooks.com

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

2008 Shediac Real Estate Market Report

Shediac and area market report

This monthly sales report is for the benefit of my local and out of Province clients,
and is my first report of 2008
and covers 2007 and the first three months of 2008.
January through March (first quarter) unit sales are
ahead of last year in the single family detached category,
behind in the cottage / recreational and land categories.

Now that spring is here sales will pick up with an influx of new listings.

To view a list of properties for sale in and around the seaside Town of Shediac,
choose from the two areas below which will open new windows:

<click here> - for East Shediac

<click here> - for West Shediac

You may receive full details on any property advertised on mls.ca
by contacting me with the MLS® number and I will email you the full details.
I'm available to represent your interests as your agent, as long as a property is not listed with me.
Learn more about how this works at www.MonctonGuide.com

Single family detached

Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
MAR-2008 186800 175071 94% 135 days 14
FEB-2008 130371 123683 95% 130 days 24
JAN-2008 232775 224500 96% 175 days 8
DEC-2007 166260 155980 94% 169 days 10
NOV-2007 137100 130040 95% 100 days 15
OCT-2007 173163 153821 89% 90 days 19
SEP-2007 161405 147060 91% 166 days 20
AUG-2007 167470 160209 96% 85 days 23
JUL-2007 181046 173942 96% 115 days 26
JUN-2007 176426 168389 95% 130 days 19
MAY-2007 144319 139305 97% 147 days 21
APR-2007 139194 131550 95% 122 days 18
MAR-2007 168770 162290 96% 92 days 10
FEB-2007 142500 135238 95% 136 days 16
JAN-2007 192970 184700 96% 88 days 10
Averages: 162800 153847 95 % 124 days 253

Cottage / recreational

Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
MAR-2008 39900 34000 85% 57 days 1
FEB-2008 43900 39000 89% 337 days 1
JAN-2008 $0 $0 -- % 0 days 0
DEC-2007 199900 215000 108% 21 days 1
NOV-2007 58400 53250 91% 62 days 2
OCT-2007 127450 124700 98% 50 days 2
SEP-2007 176467 155833 88% 28 days 3
AUG-2007 78750 70683 90% 96 days 6
JUL-2007 93900 85667 91% 204 days 3
JUN-2007 103140 95600 93% 137 days 5
MAY-2007 155075 150500 97% 46 days 4
APR-2007 79175 64500 81% 31 days 4
MAR-2007 52400 50750 97% 186 days 2
FEB-2007 44900 30000 67% 181 days 1
JAN-2007 141900 139450 98% 130 days 2
Averages: 103384 95700 93 % 100 days 37

vacant lots and acreages

Month Average List Price Average Sale Price Sale to List Price Average List Duration Number Of Sales
MAR-2008 17900 16000 89% 43 days 1
FEB-2008 18900 17500 93% 838 days 1
JAN-2008 15950 14200 89% 494 days 2
DEC-2007 $0 $0 -- % 0 days 0
NOV-2007 29680 27040 91% 388 days 5
OCT-2007 26600 23800 89% 179 days 3
SEP-2007 31360 27300 87% 325 days 5
AUG-2007 36838 32442 88% 259 days 13
JUL-2007 46150 41125 89% 218 days 8
JUN-2007 38700 43667 113% 227 days 6
MAY-2007 40457 31071 77% 270 days 7
APR-2007 39114 37857 97% 269 days 7
MAR-2007 20560 17880 87% 333 days 5
FEB-2007 38783 34983 90% 126 days 6
JAN-2007 60367 50000 83% 195 days 6
Averages: 37183 33327 90 % 264 days 75

Larry Estabrooks is a licensed independent real estate agent in New Brunswick, Canada

For contact information click here: www.LarryEstabrooks.com/contact/

www.LarryEstabrooks.com - My personal home page

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

List Sale Price Ratio

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/

Larry Estabrooks, Independent Agent, REALTOR®: Real Estate Agent in Moncton, NB

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