#1 Moncton Real Estate Blog: Labour Day 2008 Real Estate Market Report

Labour Day 2008 Real Estate Market Report

The Labour Day weekend is here and two thirds of 2008 is now past.

The real estate market in the metro Moncton area can best be described as balanced and stable.

Realistically priced properties are selling and buyers have choices in a wide range of prices.

Unit sales are down 5% from the record high in 2007 and new listings processed year to date are almost identical to 2007.
The sales to listings ratio remains historically strong in the 61% range.

Do you have a real estate question or request? Click here to submit.

Larry Estabrooks, Licensed Independent Agent, REALTOR®
Making sense of the local real estate market.

Residential MLS ® Statistical Report - to August 31 2008
(source: Greater Moncton Real Estate Board)

	2008				2007
	Listings	Sales	Sales to Listings Ratio	Average Sale	Listings	Sales	Sales to Listings Ratio	Average Sale
Area	YTD	YTD		12 Month	YTD	YTD		12 Month
MC	413	254	62%	$140,912	425	266	63%	$129,855
ME	277	179	65%	$164,173	243	160	66%	$160,009
MN	280	167	60%	$192,829	285	194	68%	$183,503
MW	27	26	96%	$151,514	40	27	68%	$164,817
	(997)	(626)			(993)	(647)
DC	107	57	53%	$179,118	108	83	77%	$180,564
DH	95	64	67%	$204,870	130	78	60%	$213,783
DE	21	15	71%	$128,708	25	8	32%	$126,377
DF	100	52	52%	$201,921	98	45	46%	$181,859
	(323)	(188)			(361)	(214)
RC	74	46	62%	$166,908	93	67	72%	$172,466
RE	58	27	47%	$151,502	55	43	78%	$135,839
RW	124	96	77%	$149,963	115	72	63%	$143,119
	(256)	(169)			(263)	(182)
RM	73	34	47%	$163,412	67	29	43%	$144,386
RR	40	19	48%	$215,568	43	25	58%	$152,392
RD	75	37	49%	$107,791	51	34	67%	$102,373
	(188)	(90)			(161)	(88)
Total	1764	1073	61%		1778	1131	64%
MC=Moncton Center, ME=Moncton East, MN=Moncton North, MW=Moncton West
DC=Dieppe Center, DH=Dieppe Chartersville, DE=Dieppe East, DF=Dieppe Fox Creek
RC=Riverview Center, RE=Riverview East, RW=Riverview West
RM=Rural Moncton, RR=Rural Riverview, RD=Rural Dieppe

Posted by Larry Estabrooks - Agent at Monday, September 01, 2008 12:18 PM