Hottest October Ever Market Report

Moncton area MLS® residential unit sales thermometer sets all time record.

} Residential units include single family detached homes, semi-detached, condominiums, mini homes, recreational properties, duplexes and triplexes. Both existing and newly constructed properties are included.

} Year to date in the market area , residential unit sales are up 10% over 2006.

} Year to date average sale price is up 9.4%.

} There were 56 residential properties that sold for less than $100,000, 95 that sold between 100,000 and 149,999, 65 that sold between 150,000 and 249,999 and 14 that sold for more than $250,000.

} Active residential listings at the end of October were up 4% from October of 2006.

} The area covered by the Greater Moncton Real Estate Board is the most active real estate market in New Brunswick.

 

$ Value of Units sold

# Units Sold

Average sale price $

Month 2007 2006 2007 2006 2007 2006
October 31,665,150 26,649,214 230 218 137,674 122,244
September 31,368,405 28,115,118 232 237 135,208 118,629
August 38,414,243 34,191,546 274 253 140,197 135,144
July 42,993,468 31,448,713 293 240 146,735 131,036
June 46,235,437 33,416,104 325 262 142,262 127,542
May 46,330,505 44,694,591 327 348 141, 683 128,432
April 32,259,581 28,505,176 237 213 136,116 133,357
March 30,566,553 27,117,105 228 208 134,063 130,370
February 28,961,325 22,799,388 215 181 134,703 125,963
January 22,122,247 14,619,400 145 119 152,576 122,852
YTD 350,916,914 291,556,355 2,506 2,279 140,030 127,931

(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 neighborhoods or account for price differential between geographic areas. Statistical information contained in this report includes all residential housing types.)

Buying or Selling? Contact me anytime for a customized, in depth market analysis.

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

www.LarryEstabrooks.com - My personal home page

www.BlogMoncton.com

www.MonctonHomes.info

 

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