New Home Sales Drive Moncton Real Estate Market

Posted by Larry Estabrooks - Agent at 6/11/2008 9:29 PM and is filed under Market Reports

Residential sales are up in the city of Moncton year to date by 20 units, 17 of which were new homes.

Worth noting is that unit sales of new homes represent 25% of all residential units sold.

New home buyers in particular should avail themselves of their right to representation in their new home purchase.
New home buyers need to understand that the builder's agent is representing the builder.  

Larry Estabrooks
"Your Local Expert"

City of Moncton - all residential sales
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
MAY-2008 154751 150042 97% 73 days 144
APR-2008 162331 157398 97% 88 days 102
MAR-2008 158821 154005 97% 89 days 99
FEB-2008 165019 159114 96% 102 days 89
JAN-2008 163545 157890 97% 85 days 55
Averages: 160014 154913 97 % 86 days 489
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
MAY-2007 158345 153730 97% 86 days 133
APR-2007 150588 146373 97% 74 days 100
MAR-2007 157529 152087 97% 91 days 90
FEB-2007 144120 139379 97% 86 days 84
JAN-2007 149969 144674 96% 87 days 62
Averages: 152879 148079 97 % 84 days 469

 

City of Moncton - new only residential
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
MAY-2008 159958 160796 101% 90 days 31
APR-2008 164060 162887 99% 132 days 35
MAR-2008 170933 166705 98% 136 days 24
FEB-2008 151643 151667 100% 133 days 21
JAN-2008 167400 166071 99% 92 days 12
Averages: 162573 161500 99 % 118 days 123
Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales
MAY-2007 153094 153696 100% 150 days 33
APR-2007 150180 148852 99% 158 days 15
MAR-2007 150830 152253 101% 153 days 23
FEB-2007 157167 156700 100% 132 days 18
JAN-2007 165659 163440 99% 122 days 17
Averages: 154897 154770 100 % 144 days 106

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