|
| |
market reports: FREDERICTON REAL ESTATE REPORT FOR MONTH OF FEBRUARY - 03/23/10 04:45 PM
Spring has really sprung. Real estate listings are up a wooping 10%, year over year. This is up from 1% last month. A healthy inventory like this assures the market will stay lever without great expectations of fearing inflation. Which means that sales can bounce along with a healthy increase without creating a steep price escalation. This trend looks like it will continue into March and April at least. Wow, what a year we are having already.
Speaking of sales would you believe they are beating January's wooping increase of 39% over last year to a 42% year over year for … (0 comments)
|
market reports: FREDERICTON REAL ESTATE REPORT FOR MONTH OF JANUARY 2010 - 03/22/10 08:06 PM
This fantastic winter with very little snow helped us get off to an amazing start for January 2010. Our listings are only down -1% for month of January. I expect that the listings will stay quite consistant throughout the first half of this year and remain around the 1% to 10% increase. This should bode well in us maintaining a prosperity market, it least in the first 6 months.
Sales are skyrocketing to an unprecedenting 41% in the first month of 2010. Wow, we never had it so good. Ironically, there seems to be no slowing down. It appears that sales … (0 comments)
|
market reports: FREDERICTON REAL ESTATE REPORT FOR MONTH OF DECEMBER 2009 - 01/03/10 03:07 PM
December was quite typical of the past several Decembers. Listings dipped -4% and finished year over year at -6% which has been the norm this past few years.
December sales where also quite typical as to the Decembers in the past. Units sales are only down -1% and Dollar volume was also down a -1% for the month. However, it is enlightening to see dollar volume year over year is up +4% to $368,200,000 from $356,367,000 in 2008. To keep our production in perspective it is prudent to understand that our 2009 sales of $368,200,000 is exactly -10% reduction of our sales of $378,000,000 … (0 comments)
|
market reports: FREDERICTON REAL ESTATE REPORT FOR MONTH OF NOVEMBER 2009 - 12/16/09 06:30 AM
November definitely had some very attractive results from what we usually expect this time of year. The stablization of our economy is reflected in our real estate production. Listings have stopped the -17% freefall decline and only posted a -3% for the month of November. Hopefully, this trend will continue in December. Interesting that our decline in listings is still quite consistant year over year at -6% for November. I expect we will finish the year at an average loss of listing production in the -7% or -8% which is better than the -10% I predicted at the first of the Year.
November sales … (2 comments)
|
market reports: FREDERICTON REAL ESTATE REPORT FOR THE MONTH OF OCTOBER - 11/05/09 10:52 AM
October posted a negative -18% in listing production for the month of October. This follows a-17% in listing production in the month of September. As bad as this looks it will help correct the overall reduction in sales per month. Thus, keeping the listings to sales ratio relatively at the same spread so we might be able to stay in a prosperity market ( where there as many homes for sale as there are buyers for those homes ) which will help ward off a buyers market. As much as this consistant lose of listings for September and October looks scary it … (0 comments)
|
market reports: FREDERICTON REAL ESTATE MARKET REPORT FOR THE MONTH OF SEPTEMBER - 10/21/09 09:23 PM
WELL FOLKS, SEPTEMBER IS UPON US AND THE CRACKS IN OUR PRODUCTION FOR 2009 ARE STARTING TO SHOW. BOTH IN LISTING PRODUCTION AND SALE PRODUCTION. LISTINGS POSTED A -17% REDUCTION FOR SEPTEMBER WHICH WIPES OUT OUR BEAUTIFUL INCREASE 16% IN AUGUST. BUT AGAIN, WE STILL SHOW A VERY CONSISTANT -4% YEAR OVER YEAR REDUCTION FROM LAST YEAR. LOOK FOR A GOOD OCTOBER LISTING FRENZY AND I BELIEVE A CONSISTANT -9% YEAR OVER YEAR BY DECEMBER END.
OUR SALES ON THE OTHER HAND WILL HAVE A MAJOR NEGATIVE CORRECTION IN THE LAST QUARTER OF THIS YEAR. POSSIBLY IN THE -10% TO -15% YEAR … (2 comments)
|
market reports: FREDERICTON REAL ESTATE MARKET ACTIVITY FOR JUNE 2009 - 07/16/09 05:43 AM
As we expected the month of June has also posted a -3% drop in listing activity, as did May. This will stay quite consistant with last years listing portfolio throughout the rest of this year. No suprises there.
However, we are blown away by the fantastic June production of unit sales which increased from May's -13% to only a -7% in June.The dollar volume did even better increasing from May's -7% to June's +0% for year over year from 2008. This is spectacular in a market that has been increasing consistantly for the past 10 years with no letup in sight. It's fair … (3 comments)
|
market reports: FREDERICTON REAL ESTATE ACTIVITY FOR MAY 2009 - 07/16/09 04:49 AM
As we continue into Summer and our typical booming sales season things just keep getting better and better! Wow, we are sooo lucky in Fredericton, the city of Stately Elms. What a real estate haven!
Now for the facts. Our listings are averaging only a -3% drop and have been quite consistantly throughout the year. We should expect the same average drop for the rest of the year.
Sales in units has increased year over year from a -15% in April to a -13% for May. This should improve more as we move into June. Our dollar volume of sales has improved … (0 comments)
|
market reports: FREDERICTON REAL ESTATE MARKET ACTIVITY FOR APRIL 2009 - 06/01/09 08:52 PM
Well, well, well things are improving as we see the Spring sales getting ever so gradually better and better. This is so typical of the Fredericton Market where each month from January to June we see gradual improvement quite consistantly year after year.
We can readily see that April sales volume has improved from a -16% in March to a -12% in April. Unit sales have increased from a -20% in March to a -15% in April. Listings are holding constant at a -3% month to month. This represents a very gradual slowing of our market so that it is not visable to the average consumer. In … (0 comments)
|
market reports: LET'S LOOK AT WHAT HAPPENED IN THE FREDERICTON REAL ESTATE MARKET IN MARCH 2009. - 04/16/09 07:57 PM
We have some good news for March 2009. Sales have picked up substancially throughout the month. In
fact they increased 18% over March of last year. Now that the snow banks have receeded March sales
have gone a long way to correct the snowy January and February shortfall from the same periods over last year.
This dropped the per centage of dollar volume down, year over year from -35% to -16%. I suspect that this -16%/month
will stick around throughout April, May and June. The overall correction should level out at -10% year over
year, by July or August stats.
The good news … (0 comments)
|
market reports: January Real Estate Market Report for Fredericton, NB Area - 02/03/09 09:14 PM
FREDERICTON MARKET FOR JANUARY 2009
Fredericton market to date indicates the severity of the American and Global recession. The stats for January 2009, which I share with you today, gives us a birds-eye view of what the real estate market will do in 2009. Forwarned is forarmed. I believe we are heading into a very strong buyers market as early as April of this year. Supply and Demand. If you have lots of listings and few buyers it makes sense that buyers will experience some fantastic buys throughout the year. Let's look at the stats so far for January 09.
Total # of Listings year to … (2 comments)
|
|
|
|
|
|
|
|
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.
;)
;)
