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The current real estate market in the Moncton area definitely favours buyers. Sure there are a lot of sellers testing the market. However there are also seller's who are highly motivated due to a transfer, change in marital status, or financial difficulties. When a first time buyer is represented by their own agent (Buyer's Agent) acting in single agency (not in the seller's best interest), the buyer can really take advantage of a motivated seller.

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 

One of the benefits of being designated as a census metropolitan area by Statistics Canada is being included in the yearly population estimates released by the federal department between the actual census. (Which by the way will take place this year.) My "home town", Moncton is the largest center in New Brunswick.

2010 Moncton population estimate

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 

You can easily see by the chart I prepared from the year-to-date numbers published by the Canada Mortgage and Housing Corporation that the Moncton CMA has dominated housing starts in New Brunswick for three of the last four years when compared to the Saint John CMA and the Fredericton CA.

Moncton leads in both single-detached starts and multiple starts. Would you like to learn more about investment opportunities in the Moncton area housing market? If so please contact me by email or phone.

Moncton CMA housing starts

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 

In New Brunswick you, Buyer, have the right to be represented in any real estate transaction.

  • You deserve to know your prospect representative's credentials and experience.
  • You have the right to know if your representative will also we working for the seller.
  • You are entitled to know up front if a prospective representative will remain loyal to you throughout the buying process.

Learn about real representation before you begin the real property buying process.

 

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 
Overview:
The real estate industry is regulated by this Act, together with private legislation (An Act to Incorporate the New Brunswick Real Estate Association), which is administered by the industry through its Association.

The industry is responsible for education of its members or prospective licensees, complaint handling and disciplinary procedures respecting their Code of Ethics and Standards of Business Practices, collection of membership fees and the administration of local Real Estate Boards.
 
Eligibility:
There are four classes of licenses issued by Consumer Affairs under this Act. Any company or individual that is in the business of trading in real estate, as defined by the Act, is required to license. Applicants must submit the proper application form and fees, as well as a surety bond.

An agent's license is issued to the corporate body, partnership or individual who is legally responsible for contracts, financial accountability, advertising, sales representatives and other matters respecting the trading in real estate.

1. For an Agent's license:
a. Complete form 45-3674, "Application for a Real Estate Agent's License" and have it duly signed by an authorized official of the company;
b. Obtain a bond for the prescribed amount according to the number of managers and salespeople employed;
c. Open a trust account. Details pertaining to that account can be obtained from the New Brunswick Real Estate Association (506) 459-8055.

2. For a Manager's license:
a. Complete form 45-3680, "Application for a Real Estate License", as a Manager, and have it signed by an authorized official of the agent;
b. Contact the New Brunswick Real Estate Association (506) 459-8055 regarding their membership process.

3. For a Salesman's license:
a. Complete form 45-3680, "Application for Real Estate License", as a Salesman
b. Contact the New Brunswick Real Estate Association (506) 459-8055 regarding their membership process.

4. For Branch Offices complete a "Branch Office Statement".
 
This Act, along with the Act to Incorporate the New Brunswick Real Estate Association Act, provides consumer protection through mandatory educational requirements for licensees, as well as by authorizing investigations of complaints and audits where necessary.

 

I'm licensed as an Agent, the top level license issued in New Brunswick. If you are not sure about the difference, read my post - A Salesperson Is Not An Agent.

 

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 

It's unwise to be unrepresented when buying real estate ! If you don't know who is really representing you then you could be at risk. Should you really take advice from the Seller's representatives? That's like taking advice from the coach of the opposing team.

If you want your own coach in the real estate game, find a licensed professional who will fully represent you in single agency with undivided loyalty. (This means no double dipping, double ending or whatever.)

Need I say it? Find someone like me. I'm all about full representation service to my buyer clients and I want to be your metro Moncton Property Guy.

I won't be coaching the other side so it's safe to place your trust in me. More on - MonctonPropertyGuy.com

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 

The seaside Town of Shediac, situated on the warm, sandy shores of the Northumberland Strait, is a haven for tourists each Summer. Whether you're looking for that perfect little cottage, a grand Summer residence, or a seasonal business opportunity, you may find it in the Shediac area.

Need help finding the right property? I'm a licensed independent Buyer's Agent so feel free to contact me for assistance.

Websites to check out include SeasideShediac.com

Or browse a sampling of Shediac real estate for sale.

 Parlee Beach - New Brunswick

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 


This May 2010 Moncton East real estate market report includes these neighbourhoods: Sunny Brae, Humphrey, Fairview Knoll, Sunny Acres, Cherryfield,  Tankville, Valleyview, Lewisville, Camelot Estates, Harrisville, Royal Oaks, Savannah Heights, Grove Hamlet and Meadow Lake Estates.

Currently in the Moncton East area there are 27 new detached and semi-detached houses as well as 19 new condominium units for sale.

Current existing properties for sale in Moncton East include 117 detached and semi-detached houses as well as 21 condominium units, all priced from $82,500 to $1,695,000.

If you would like to discuss representation in finding a property or in selling one,  please call me at 383-3085.
Matthew Estabrooks
Full representation for real estate clients

In Moncton East so far this year Buyers have the upper hand in local the real estate market.

Year to date shows a softer market for existing properties, averaging more Days on Market and fewer sales:

  Average List Price Average Sale Price Sale to List % Average DOM # Sales
MAY-2010 158267 153547 97% 164 days 15
APR-2010 164252 157214 96% 154 days 14
MAR-2010 176177 166577 95% 74 days 13
FEB-2010 136758 132442 97% 39 days 12
JAN-2010 158978 151711 95% 106 days 9
YTD 159297 152768 96 % 111 days 63
           
MAY-2009 177594 171450 97% 80 days 18
APR-2009 160389 153989 96% 69 days 9
MAR-2009 169643 161764 95% 106 days 17
FEB-2009 183801 177350 96% 84 days 14
JAN-2009 155336 144682 93% 89 days 11
YTD 171102 163716 96 % 87 days 69
           
MAY-2008 155396 149465 96% 74 days 24
APR-2008 156545 148643 95% 50 days 22
MAR-2008 136823 130992 96% 58 days 13
FEB-2008 175896 167540 95% 81 days 23
JAN-2008 161756 153878 95% 111 days 9
YTD 158831 151632 95% 71 days 91

New construction housing sales are also weaker and also average more Days on Market.

  Average List Price Average Sale Price Sale to List % Average DOM # Sales
MAY-2010 229900 225000 98% 443 days 1
APR-2010 184400 193950 105% 167 days 2
MAR-2010 221250 211117 95% 231 days 6
FEB-2010 124900 112320 90% 167 days 1
JAN-2010 167900 167300 100% 54 days 3
YTD 196523 191832 98 % 192 days 13
           
MAY-2009 369900 348000 94% 214 days 2
APR-2009 190150 188775 99% 63 days 4
MAR-2009 143800 150500 105% 107 days 3
FEB-2009 177400 176850 100% 101 days 2
JAN-2009 168425 172100 102% 134 days 4
YTD 197353 196313 99 % 116 days 15
           
MAY-2008 166525 170356 102% 78 days 8
APR-2008 176122 176472 100% 137 days 9
MAR-2008 175913 172087 98% 139 days 8
FEB-2008 133100 130100 98% 132 days 4
JAN-2008 204233 200283 98% 65 days 3
YTD 170928 170283 100 % 115 days 32

 


Matthew Estabrooks is a licensed independent real estate agent in Moncton, New Brunswick

MatthewEstabrooks.com

Moncton-Real-Estate.com

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 

I've just listed this turn key business with real estate located right on Main Street in the seaside resort town of Shediac, New Brunswick.

The owners have made significant improvements to the business since they purchased it two years ago. The century old residence is listed in the Canadian Register of Historic Places. This 5,000 square foot building has been used as an Inn for a number of years.

Find more details on http://ShediacInn.com

 ShediacInn.com

 Feel free to contact me for information and assistance on any Shediac area real estate listings.

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 

Searching the Internet for a small business opportunity can be frustrating. Few details, fewer pictures and very little information about the who is representing the seller. And you certainly don't want to reveal information about yourself to some unlicensed middle person from who knows where.

But searching doesn't have to be that way. Use the service of a New Brunswick licensed real estate professional to represent your best interests and protect your anonymity and privacy. Ask about credentials and years of experience.

Yes, I represent buyer clients in commercial transactions. Let's have a confidential conversation about representing you.

Matthew Estabrooks

Independent Real Estate Agent - Moncton, NB
Licensed since 2000 (remember Y2K?)
506.383.3085
MatthewEstabrooks.com

MonctonPropertyGuy.com

 
 

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