Includes Moncton, Dieppe & Riverview

For 2009 in my Monthly Metro Real Estate Market Reports I'm going to separate sales of existing and new construction.

In addition I'm including the three month period to reduce fluctuations caused inconsistent reporting of sales when they occur.

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 neighbourhoods and age of properties.

Unit sales of existing homes were down and average of 30% over the three month period.
The sale to list price also declined somewhat.
The average days on market for a sold listing rose slightly.

Existing only
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2009	166618	158138	95%	100 days	45
DEC-2008	179362	168764	94%	103 days	53
NOV-2008	173292	165581	96%	78 days	62
3 month period	173426	164542	95 %	93 days	160

Existing only
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2008	166336	159833	96%	92 days	70
DEC-2007	158585	151879	96%	107 days	62
NOV-2007	161626	155626	96%	73 days	97
3 month period	162243	155897	96 %	88 days	229

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Unit sales of new homes were down and average of 13% over the three month period.
The average days on market for went down by over two weeks.

New only
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2009	157176	157229	100%	133 days	17
DEC-2008	183064	181783	99%	93 days	28
NOV-2008	173557	174221	100%	80 days	14
3 month period	173349	172914	100 %	102 days	59

New only
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	# Of Sales
JAN-2008	180883	182093	101%	102 days	23
DEC-2007	172743	172048	100%	145 days	23
NOV-2007	155445	154293	99%	105 days	22
3 month period	169900	169702	100 %	118 days	68

 

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I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton

Contact me at www.LarryEstabrooks.com