Moncton Home Price Index rose less in October.
In back to back months the Moncton Home Price Index rise (percentage wise) was the highest in Canada.
June is now past. From the number of sales reported , it appears house buyers have responded to a metro Moncton real estate market that favours buyers over sellers.
In the metro Moncton real estate market reported sales of new homes were almost one out of every three sales in the first quarter of 2010 and 2011. In the first quarter of 2015 new homes accounted for only one in ten of all reported sales. Currently on the market are 94 new homes priced below $200,000 and 142 new homes priced between $200,000 and $300,000. So there is no shortage of new homes for sale. With the current market conditions, it just might be the right time to make a good buy on a new home.
Moncton Real Estate News
February 2015 Home Price Index slips
Fewer reported sales in the greater Moncton area may have influenced the February HPI. And perhaps one might fault the record February snowfall. Consider however the national MLS® HPI for January showed the HPI for greater Moncton also declined last month. In comparison to February 2014 the Home Price Index declined the most in Riverview and Dieppe. The rural areas immediately surrounding Moncton, Dieppe and Riverview posted an increase in the HPI. Continue reading
For Moncton – Dieppe _ Riverview, housing units reported sold in February equaled last year. Perhaps all the snow in the last few weeks dampened the January 2015 surge in unit sales. Or perhaps the January surge was an anomaly. In either case the lackluster sale numbers cannot be attributed to the abundant supply of housing for sale. Buyers have more than enough listings from which to choose. As Buyers, Sellers and REALTORS® suffer the last three weeks of Winter, we will carry on towards the busiest real estate market of the year, SPRING!
At the end of March I’ll compare the first quarter to previous years.
If so, it’s never too early to gather information on the local real estate market. The old adage, “Plan Ahead”, applies here. There are many topics to consider when purchasing real estate in the greater Moncton area. Closing costs, energy costs, neighbourhoods, property tax assessments, representation, schools, utility costs and zoning by-laws are just a few areas.
My professional services include providing buyer clients with current, reliable information as well as sage advice about real estate in Westmorland, Kent and Albert counties. Whether it’s residential, recreational or commercial real estate that interests you, feel free to contact me with your questions about the area. You will be pleased with my rapid response. The information and advice I provide will help you make an informed housing choice. And I pledge to represent you with undivided loyalty during negotiations on a property.
Strong 2015 unit sales in Moncton
Housing units reported sold in Moncton kept the metro Moncton numbers in positive territory. Residential units reported sold in Dieppe and Riverview were about average. However it is early in the year so I’ll wait until the end of the first quarter before predicting a trend. On the subject of house prices, the January 2015 Home Price Index declined from January 2014. More on the Home Price Index here …