My Metro Moncton Market Report for January 2011 includes Moncton, Dieppe & Riverview and I separated sales of existing residential and new construction.

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

Existing housing only:

Month	Average List Price	Average Sale Price	Sale to List %	Average days on market	# Of Sales
JAN-2011	171793	161349	94%	98 days	56
DEC-2010	174328	165892	95%	81 days	50
NOV-2010	173549	165700	95%	77 days	89
3 months	173245	164500	95 %	84 days	195

Month	Average List Price	Average Sale Price	Sale to List %	Average List Duration	# Of Sales
JAN-2010	170411	160205	94%	101 days	61
DEC-2009	169094	162580	96%	92 days	77
NOV-2009	174790	168163	96%	91 days	76
3 months	171492	163886	96 %	94 days	214

Month	Average List Price	Average Sale Price	Sale to List %	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 months	173426	164542	95 %	93 days	160

Month	Average List Price	Average Sale Price	Sale to List %	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 months	162243	155897	96 %	88 days	229

Unit sales of existing homes moved lower from January 2010.
The average days on market for a sold listing decreased slightly.
The sale to list price ratio also softened slightly.
The average sale price is relatively unchanged.

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New construction only

Month	Average List Price	Average Sale Price	Sale to List %	Average days on market	# Of Sales
JAN-2011	191563	186925	98%	133 days	32
DEC-2010	177971	179800	101%	143 days	7
NOV-2010	153335	154428	101%	198 days	49
3 months	169195	168263	99 %	170 days	88

Month	Average List Price	Average Sale Price	Sale to List %	Average List Duration	# Of Sales
JAN-2010	160947	160378	100%	138 days	38
DEC-2009	170000	168596	99%	161 days	21
NOV-2009	152526	153167	100%	96 days	43
3 months	159261	159030	100 %	125 days	102

Month	Average List Price	Average Sale Price	Sale to List %	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 months	173349	172914	100 %	102 days	59

Month	Average List Price	Average Sale Price	Sale to List %	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 months	169900	169702	100 %	118 days	68

Sales of new homes were down slightly compared to January 2010.
The average days on market is higher than the last two years.
The average sale price of new homes was up in January,
likely attributable to a decrease in sales of lower priced semi-detached housing.

Note: Almost one third of residential unit sales in the last three months were new construction.

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It's a great time in the Moncton area to make a smart buy on residential housing. Feel free to call me if you would like to discuss your buying strategy.I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton.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.

Find me on the web at www.LarryEstabrooks.com