Live for less in the metro Moncton area.
Yes, metro Moncton housing is more affordable than Fredericton or Saint John.
Average housing prices are not jumping in the metro Moncton area. I've prepared the two tables below to show sales in the metro area ONLY (City of Moncton, City of Dieppe and Town of Riverview), as reported in the Moncton Real Estate Board Multiple Listing Service® database.
These statistics point to a metro area residential market that so far is almost identical to last year.
Unit sales are down a mere 1.7% year to date.
Average sale price, average sale to list percentage and average list duration are all nearly the same year over year.
New construction sales represent over 20% of the residential metro market.
The real value in market statistics comes from delving deeper into the numbers and applying it to a specific property or neighbourhood.
That's what I do for my clients, whether buying or selling.
Larry Estabrooks
Independent real estate agent and local expert"
Sell or buy with confidence in my professional expertise.
If you would like to discuss the local real estate market please call me at 506-856-0202
or go to my web page - MonctonAgent.com - and click on "send a text message"
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RESIDENTIAL PROPERTIES OF ALL AGES | |||||
| Month | Average List $ | Average Sale $ | Sale to List % | Average List Duration | # Of Sales |
|---|---|---|---|---|---|
| AUG-2008 | 153627 | 149978 | 98% | 80 days | 170 |
| JUL-2008 | 167038 | 162284 | 97% | 83 days | 185 |
| JUN-2008 | 168761 | 164460 | 97% | 73 days | 205 |
| MAY-2008 | 158553 | 154122 | 97% | 79 days | 221 |
| APR-2008 | 163253 | 158501 | 97% | 92 days | 171 |
| MAR-2008 | 158048 | 153868 | 97% | 88 days | 134 |
| FEB-2008 | 168090 | 162513 | 97% | 96 days | 141 |
| JAN-2008 | 169933 | 165338 | 97% | 95 days | 93 |
| Averages: | 163071 | 158566 | 97 % | 84 days | 1320 |
| Month | Average List $ | Average Sale $ | Sale to List % | Average List Duration | # Of Sales |
|---|---|---|---|---|---|
| AUG-2007 | 162367 | 158318 | 98% | 84 days | 166 |
| JUL-2007 | 164862 | 160817 | 98% | 79 days | 189 |
| JUN-2007 | 161187 | 157196 | 98% | 84 days | 225 |
| MAY-2007 | 162288 | 158289 | 98% | 90 days | 209 |
| APR-2007 | 159332 | 155006 | 97% | 90 days | 155 |
| MAR-2007 | 156438 | 151430 | 97% | 91 days | 152 |
| FEB-2007 | 154801 | 150814 | 97% | 84 days | 145 |
| JAN-2007 | 170600 | 164765 | 97% | 95 days | 103 |
| Averages: | 161302 | 157001 | 97 % | 86 days | 1344 |
|
EXISTING RESIDENTIAL PROPERTIES | |||||
| Month | Average List $ | Average Sale $ | Sale to List % | Average List Duration | # Of Sales |
|---|---|---|---|---|---|
| AUG-2008 | 156465 | 151086 | 97% | 67 days | 125 |
| JUL-2008 | 168186 | 161978 | 96% | 74 days | 150 |
| JUN-2008 | 170726 | 165041 | 97% | 66 days | 163 |
| MAY-2008 | 158761 | 152913 | 96% | 73 days | 176 |
| APR-2008 | 163521 | 157386 | 96% | 74 days | 122 |
| MAR-2008 | 155385 | 150423 | 97% | 72 days | 97 |
| FEB-2008 | 171995 | 165010 | 96% | 84 days | 112 |
| JAN-2008 | 166336 | 159833 | 96% | 92 days | 70 |
| Averages: | 164025 | 158087 | 96 % | 74 days | 1015 |
| Month | Average List $ | Average Sale $ | Sale to List % | Average List Duration | # Of Sales |
|---|---|---|---|---|---|
| AUG-2007 | 162750 | 157234 | 97% | 67 days | 129 |
| JUL-2007 | 164384 | 158863 | 97% | 63 days | 143 |
| JUN-2007 | 159588 | 154292 | 97% | 73 days | 174 |
| MAY-2007 | 163567 | 158001 | 97% | 67 days | 157 |
| APR-2007 | 160187 | 155078 | 97% | 70 days | 129 |
| MAR-2007 | 158158 | 151400 | 96% | 66 days | 115 |
| FEB-2007 | 156019 | 150684 | 97% | 72 days | 108 |
| JAN-2007 | 165534 | 158994 | 96% | 83 days | 79 |
| Averages: | 161247 | 155613 | 97 % | 70 days | 1034 |
|
NEW CONSTRUCTION RESIDENTIAL PROPERTIES | |||||
| Month | Average List $ | Average Sale $ | Sale to List % | Average List Duration | # Of Sales |
|---|---|---|---|---|---|
| AUG-2008 | 145742 | 146898 | 101% | 116 days | 45 |
| JUL-2008 | 162117 | 163596 | 101% | 121 days | 35 |
| JUN-2008 | 161138 | 162204 | 101% | 101 days | 42 |
| MAY-2008 | 157742 | 158848 | 101% | 100 days | 45 |
| APR-2008 | 162586 | 161278 | 99% | 137 days | 49 |
| MAR-2008 | 165030 | 162901 | 99% | 130 days | 37 |
| FEB-2008 | 153010 | 152869 | 100% | 140 days | 29 |
| JAN-2008 | 180883 | 182093 | 101% | 102 days | 23 |
| Averages: | 159899 | 160158 | 100 % | 118 days | 305 |
| Month | Average List $ | Average Sale $ | Sale to List % | Average List Duration | # Of Sales |
|---|---|---|---|---|---|
| AUG-2007 | 161032 | 162097 | 101% | 140 days | 37 |
| JUL-2007 | 166348 | 166891 | 100% | 128 days | 46 |
| JUN-2007 | 166641 | 167105 | 100% | 122 days | 51 |
| MAY-2007 | 158427 | 159161 | 100% | 157 days | 52 |
| APR-2007 | 155092 | 154647 | 100% | 191 days | 26 |
| 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: | 161485 | 161629 | 100 % | 143 days | 310 |
(I caution that average $ information can be useful in establishing trends, but does not indicate home prices in the metro area which is comprised of widely divergent neighbourhoods.)
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