#1 Moncton Real Estate Blog

OPEN HOUSE Sunday May 6

2012-05-04T18:44:24Z

Another Sunday Open House in the Carriage Hill Subdivision of Riverview.

open house signs are up
the open house notice is on REALTOR.ca
the open house notice is on my web site - openhouses.monctonguide.com
The weather forecast for Sunday is a mix of sun and clouds.

Do drop by between 10 and 1 and have a look at these two shiny new houses on Millwood and Sawgrass. Reay and waiting for the first owners.

Moncton and Dieppe Housing Market Update

2012-05-02T22:58:51Z

Year to the end of April, 2012 the number of residential sales reported on the Moncton MLS System is lower than the last two years.

I've prepared two graphs, one for residential properties located in the City of Moncton and the other for properties located in the City of Dieppe. Lower unit sales combined with more properties listed for sale results a marketplace where buyers can find bargains. Particularly with the assistance of a loyal buyer's agent.

OPEN HOUSE Sunday Forecast for Carriage Hill

2012-04-19T11:08:44Z

I'm looking forward to my fist Sunday Open House of Spring 2012 in the Carriage Hill Subdivision of Riverview.

open house signs are up
print ad is out in the real estate guide publication
the open house notice is on REALTOR.ca for each property
the open house notice is on my web site - openhouses.monctonguide.com

The weather forecast for Sunday is periods of rain. Low 13. High 16.
As for the visitor forecast, well let's just say I'm hoping for some vsiitors.
Please drop by.

Off My Chart

2012-04-01T14:01:42Z

2012 - Q1 - Metro Moncton Housing Market Update

The mild Winter of 2011-2012 and low interests rates made no difference and did not help lift first quarter residential unit sales in the municipalities of Moncton, Dieppe and Riverview (reported on MLS®). My chart below reveals the second lowest first quarter in the last six years. Unit sales were off for new and well as existing dwellings in metro Moncton. As the Spring building season begins, I expect builders are anxious to move their new house inventory carried over from last season.

Moncton Housing Market Update February 2012

2012-03-02T16:13:13Z

The numbers reveal that in the first two months of 2012, housing sales in Moncton are somewhat lower than in most recent years.
Renters should note that the average sale price continues to rise. Buying sooner rather than later might be wise. Current interest rates are very attractive.

New Construction Super Open House on Super Bowl Sunday

2012-01-18T03:34:24Z

Along with some assistance I'm hosting a Super Open House on three new constructions in the Carriage Hill subdivision in Riverview, just across the Gunningville Bridge from Moncton. I've set an early time for the Super Open House, before all the television broadcasts leading up to the Super Bowl.

And to keep in the spirit of the big game day, those who attend the open house may have their name placed in a bowl from which we will draw one name who will receive two tickets to the Game Day Tailgate Buffet at Casino New Brunswick. More info and directions at http://openhouses.monctonguide.com/ See you at the Super Open House

METRO MONCTON NEW HOUSING SALES REPORT - 2011

2011-12-29T20:31:58Z

Further to my previous post about MLS® new housing unit sales, I thought it would be interesting to compare the average sale price of semi-detached, single detached and condominium ownership housing.

I prepared the chart below that illustrates the average sale price trends in the metro market. Some of the increases can be attributed to higher construction costs, however I also suspect that some of the increases are due to consumers trending to purchase dwellings with more square footage.

(note: "metro" encompasses only the City of Moncton, the City of Dieppe and the Town of Riverview)

METRO MONCTON NEW HOUSING SALES REPORT - 2011

2011-12-26T23:46:26Z

What makes up new housing sales on MLS® in the metro area real estate market? As my chart below shows, semi-detached housing followed by single detached housing followed by condominium ownership housing.

Annual Metro Moncton Real Estate Market - 2011

2011-12-26T23:13:24Z

OK so 2011 is not quite over yet. However I say why wait for the last few days. Here is the big picture. In 2011, unit sales of existing properties are up slightly and unit sales of new housing are down slightly. There you have it. No boom, no bust. Residential housing in the metro Moncton area is doing alright.
(note: "metro" is only the City of Moncton, the City of Dieppe and the Town of Riverview).

Best Deals in Real Estate - Moncton rated A+ by MoneySense Magazine

2011-06-20T15:18:27Z

June 2011 - Of 180 Canadian cities and towns, Moncton was awarded the only A+ in all of Canada for Best Deals in Real Estate by MoneySense Magazine ( note this is up from an A- in their 2010 survey).

Housing in the Metro Moncton market (Moncton - Dieppe - Riverview) is indeed affordable. People from far and near are moving to the Southeast New Brunswick area for affordable housing, jobs and the quality of life offered here.

As I've reported here before, it is notable that new housing sales make up 25% (that's one in four) of all residential MLS® sales in the Metro Moncton market.

Moncton CMA Housing Starts Trend Downward

2011-06-10T12:06:00Z

2011 total housing starts in the Moncton CMA are off to a slow start to the end of May 2011. My graphs below illustrate the numbers supplied by the Canada Mortgage and Housing Corporation for the Fredericton CA, the Moncton CMA and the Saint John CMA for the last five years. As you can see housing starts in the two other major New Brunswick population centers are off as well.

The Moncton CMA does lead the Province in the multiple starts category with over two thirds of the multiple starts year to date.

May 2011 Metro Moncton Real Estate Market

2011-05-31T23:48:45Z

May 2011 is coming to an end and the housing sales have been reported. So what is happening in the Metro Moncton-Dieppe-Riverview real estate market so far this year?

Unit sales of existing residential properties reported year-to-date to the end of May have not broken the 500 mark for three years. (see my graph below)
The average sale price of existing properties year-to-date ($175,538) is an all time high though the increase from the same period last year is a modest 2.5% .
The averages for sales to list ratio and days on the market are unchanged from last year.

New housing unit sales this May tied the previous record in May 2007. Year-to-date new housing unit sales reported are at an all time high. This is noteworthy compared to sales of existing homes. 30% of all residential unit sales reported year-to-date have been new construction.

The Best Things About Living in Moncton, Dieppe, Riverview

2011-05-25T19:09:15Z

Every year more people relocate to the Moncton - Dieppe - Riverview area. Of course some move away, but the "tide is rising" in our metro population. It begs the question "What are the best things about living in our area?"

I've started a list and I invite you to add your favourite thing(s).

Please go here : www.MonctonGuide.com

Moncton Housing Prices

2011-05-22T12:52:00Z

A single family detached house without a garage, with three to four bedrooms, up to 25 years old, located in Moncton, Dieppe or Riverview and on municipal water and sewer services. Using this criteria, the stats below reveal Moncton area housing sales over the last 36 months.

Does your idea of Moncton area housing have a different profile? Let me know your criteria and I will do the analysis.

Moncton CMA Housing Starts Slower YTD April 2011

2011-05-10T02:15:00Z

2011 total housing starts in the Moncton CMA are off to a slow start to the end of April. As are New Brunswick two other population centers.

Here is a chart I prepared to illustrate the numbers supplied by the Canada Mortgage and Housing Corporation for the Fredericton CA, the Moncton CMA and the Saint John CMA for the last five years.

Perhaps these numbers only reflect the past Winter's harshness. Or perhaps it is the beginning of a trend for 2011. Let's see what next month brings.

Off My Chart

2011-04-10T13:55:00Z

Here is a tale of two cities in two charts. Moncton and Dieppe. Just look at the unit sales of new housing compared to the unit sales of existing housing in Dieppe !
Now who would like to see a comparison chart of the average sale prices?

2011 Metro Moncton Real Estate Market Q1

2011-04-06T20:36:00Z

Below is my Metro Moncton (just Moncton, Dieppe & Riverview) Housing Market Report for the first quarter of 2011.

Existing residential and new construction sales are separated below. Find me on the web at www.LarryEstabrooks.com
I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton. And a REALTOR®.

EXISTING HOUSING ONLY

First quarter unit sales of existing residential properties are down from last year. Days on the market is the same but the average list and sale price is down. Very interesting. Could it be moving towards a buyer's market?

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2011 175654 170072 97% 85 days 90

FEB-2011 161235 153788 95% 92 days 76

JAN-2011 171793 161349 94% 98 days 56

3 months: 169744 165945 96 % 90 days 222

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2010 181763 174653 96% 84 days 100

FEB-2010 181546 174887 96% 87 days 93

JAN-2010 170411 160205 94% 101 days 61

3 months: 178957 171269 96 % 89 days 254

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2009 178573 171919 96% 78 days 92

FEB-2009 160484 153792 96% 81 days 79

JAN-2009 166618 158138 95% 100 days 45

3 months: 169466 162418 96 % 84 days 216

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2008 155385 150423 97% 72 days 97

FEB-2008 171995 165010 96% 84 days 112

JAN-2008 166336 159833 96% 92 days 70

3 months: 164800 158640 96 % 82 days 279

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2007 158158 151400 96% 66 days 115

FEB-2007 156019 150684 97% 72 days 108

JAN-2007 165534 158994 96% 83 days 79

3 months: 159323 153130 96 % 72 days 302

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2006 150981 145490 96% 75 days 101

FEB-2006 142428 136797 96% 70 days 93

JAN-2006 139062 132421 95% 97 days 70

3 months: 144808 138963 96 % 79 days 264

NEW HOUSING ONLY

Year-to-date unit sales of new homes are down from last year but still the second best on record. This is really noteworthy compared to sales of existing homes. About one in three residential sales in the first quarter were new construction.

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2011 161958 161679 100% 186 days 31

FEB-2011 170207 172102 101% 212 days 44

JAN-2011 191563 186925 98% 133 days 32

3 months: 174204 173515 100 % 181 days 107

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2010 148893 148578 100% 145 days 63

FEB-2010 181983 181819 100% 148 days 23

JAN-2010 160947 160378 100% 138 days 38

3 months: 158725 158360 100 % 143 days 124

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2009 175331 175650 100% 120 days 29

FEB-2009 162369 161545 99% 144 days 26

JAN-2009 157176 157229 100% 133 days 17

3 months: 166364 166207 100 % 132 days 72

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2008 165030 162901 99% 130 days 37

FEB-2008 153010 152869 100% 140 days 29

JAN-2008 180883 182093 101% 102 days 23

3 months: 165210 164592 100 % 126 days 89

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2007 151089 151525 100% 169 days 37

FEB-2007 151243 151194 100% 118 days 37

JAN-2007 187275 183761 98% 137 days 24

3 months: 160009 159295 100 % 142 days 98

Month Average List Average Sale Sale to List DoM # Of Sales

MAR-2006 165612 163744 99% 161 days 25

FEB-2006 143056 141830 99% 136 days 34

JAN-2006 145572 146997 101% 155 days 18

3 months: 150968 150153 99 % 149 days 77

Metro Moncton Real Estate Market - Not New And New

2011-02-03T00:11:00Z

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.

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.

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

Moncton CMA Housing Starts Rebound

2011-01-11T15:42:00Z

Total housing starts in the Moncton CMA rebounded in 2010.

Here is a chart I prepared to illustrate the last five years from numbers supplied by the Canada Mortgage and Housing Corporation for the the Fredericton CA, the Moncton CMA and the Saint John CMA.

Outstanding residential construction activity in the Moncton - Dieppe - Riverview area is a reflection of confidence as well as strength in the local economy.

Moncton Area Leads MLS® Sales in New Brunswick

2010-12-23T21:00:00Z

Real estate market activity in the Moncton area is outstanding in the Province!

Moncton
Nov-2010 - Sales: 231 - Volume Sold: $ 32,817,209
Oct-2010 - Sales: 217 - Volume Sold: $ 29,969,317
Sep-2010 - Sales: 233 - Volume Sold: $ 30,811,523
Aug-2010 - Sales: 275 - Volume Sold: $ 39,835,571
Jul-2010 - Sales: 283 - Volume Sold: $ 39,363,155

Fredericton
Nov-2010 - Sales: 149 - Volume Sold: $ 22,732,110
Oct-2010 - Sales: 168 - Volume Sold: $ 24,045,500
Sep-2010 - Sales: 195 - Volume Sold: $ 28,422,011
Aug-2010 - Sales: 215 - Volume Sold: $ 31,358,938
Jul-2010 - Sales: 211 - Volume Sold: $ 34,052,653

Saint John
Nov-2010 - Sales: 133 - Volume Sold: $ 22,286,640
Oct-2010 - Sales: 170 - Volume Sold: $ 26,726,453
Sep-2010 - Sales: 196 - Volume Sold: $ 32,086,753
Aug-2010 - Sales: 181 - Volume Sold: $ 30,473,985
Jul-2010 - Sales: 191 - Volume Sold: $ 32,370,995

#1 Moncton Real Estate Blog

OPEN HOUSE Sunday May 6

Moncton and Dieppe Housing Market Update

OPEN HOUSE Sunday Forecast for Carriage Hill

Off My Chart

2012 - Q1 - Metro Moncton Housing Market Update

Moncton Housing Market Update February 2012

The numbers reveal that in the first two months of 2012, housing sales in Moncton are somewhat lower than in most recent years. Renters should note that the average sale price continues to rise. Buying sooner rather than later might be wise. Current interest rates are very attractive.

New Construction Super Open House on Super Bowl Sunday

METRO MONCTON NEW HOUSING SALES REPORT - 2011

METRO MONCTON NEW HOUSING SALES REPORT - 2011

Annual Metro Moncton Real Estate Market - 2011

Best Deals in Real Estate - Moncton rated A+ by MoneySense Magazine

Moncton CMA Housing Starts Trend Downward

May 2011 Metro Moncton Real Estate Market

The Best Things About Living in Moncton, Dieppe, Riverview

Moncton Housing Prices

Moncton CMA Housing Starts Slower YTD April 2011

Off My Chart

2011 Metro Moncton Real Estate Market Q1

Below is my Metro Moncton (just Moncton, Dieppe & Riverview) Housing Market Report for the first quarter of 2011.

Existing residential and new construction sales are separated below. Find me on the web at www.LarryEstabrooks.com I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton. And a REALTOR®.

Metro Moncton Real Estate Market - Not New And New

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.

Moncton CMA Housing Starts Rebound

Moncton Area Leads MLS® Sales in New Brunswick

The numbers reveal that in the first two months of 2012, housing sales in Moncton are somewhat lower than in most recent years.
Renters should note that the average sale price continues to rise. Buying sooner rather than later might be wise. Current interest rates are very attractive.

Existing residential and new construction sales are separated below. Find me on the web at www.LarryEstabrooks.com
I'm an independent real estate agent, licensed in New Brunswick, residing in Moncton. And a REALTOR®.