Moncton Homes and Real Estate

Will you be guilty of apathy?

2008-10-13T18:31:45Z

Tomorrow - Tuesday - October 14 - 2008 - is federal election day in Canada.
The reasons why Canadian citizens should vote may be found throughout our history.
Casting your vote is a right of citizenship. However it's not an obligation.
And it's your right to be apathetic about voting.
However democracy feels much better when a high percentage of citizens vote.
To quote our great Canadian character Red Green, "We're all in this together".
So please vote.

P.S. - Bring your identification, driver's license, et cetera.

Canadian Homebuyers and Real Estate Professionals Should be Pleased

2008-10-12T08:48:58Z

Provided the news reports are accurate, the Government of Canada made a smart move by purchasing 25 billion dollars worth of residential mortgages which are insured by the Canada Mortgage and Housing Corporation. This is a sound investment at this time because Canadian insured mortgages offer a guaranteed rate of return.

Canadian mortgage lenders will now be able to continue offering residential mortages to their homebuying clients. The world wide credit crunch might have affected Canadian mortgage lenders ability to fund residential housing purchases in Canada.

This is good news for Canadian home buyers and Canadian real estate professionals.

Moncton - Saint John - Fredericton 2008 Housing Starts Revealing

2008-10-11T20:23:23Z

New Brunswick Housing Starts - Year to date to end of September 2008

In New Brunswick, multiple starts (which include semi-detached homes) are up 11.2% while single detached starts are up 2.9% resulting in a 6.7% increase in the total number of all unit starts.
In September Saint John lead the province with 131 total starts.
Moncton's year to date decline of 16% in single family starts is responsible for all but 4 of Moncton's lower start total.
Moncton continues to lead in total starts year to date with 1,009, followed by Saint John with 669 and Fredericton with 515.
Multiple starts as a percentage of all starts year to date is 45% in Saint John, 59% in Moncton and 29% in Fredericton.

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

If you would like to discuss any real estate topic my contact information is here: www.MonctonAgent.com/contact.htm

(preliminary figures provided by Canada Mortgage and Housing Corporation)

Year to end of September - all starts
1095- - 985- - 876- - 766- - 657- - 547- - 438- - 328- - 219- - 109- - 0-
		Saint John	Moncton	Fredericton	Other
	2008
	2007

Canada's World Economic Forum Rankings

2008-10-10T10:35:40Z

The World Economic Forum ranks Canada as #10 overall in their 2008-2009 Global Competitiveness Report.

Inside the report Canada achieves number one rank in three specific areas with two of these from hard data results. Canada is #1 in soundness of banks, personal computers per 100 of population and the lowest number of procedures required to start a business.

As you read this on the Internet take note that Canada ranks 6th for Internet users at 76.8 per 100 of population and ranks 10th in broadband Internet subscribers at 22.9 per 100 of population.

Moncton Home Priced For Quick Sale

2008-10-07T22:39:53Z

Just over a year ago when the seller bought this new home he didn't plan on moving again so soon.

But a new business opportunity in another area means moving away and now 27 Sunshine Drive in the Magnetic Hill Estates neighbourhood of Moncton is priced to sell.

This property backs on the new 90 million dollar Casino New Brunswick complex which is under construction and will consist of a hotel, a multifunction entertainment / convention centre and a casino. There is a 12 meter wide strip of treed land for public purposes behind the back yard which acts a visual buffer.

See more pictures and even book an appointment online at www.27Sunshine.info

Canadian Housing Website Stats August 2008

2008-09-30T21:07:41Z

Activity on the Canadian REALTOR® web sites - www.mls.ca and www.sia.ca - was down in August compared to the previous two years. So if you've noticed a little less activity on your MLS® listing, now you know why. The key word is little. The number of unique visitors was down only 10% from 2007 and almost identical to 2006. I find there are other interesting trends in these statistics. The mls.ca site is in English and the sia.ca site is in French.

Canada Votes: Federal Election Debates

2008-09-28T13:25:54Z

The nationally televised Canadian leaders' debates will take place this week:
* French debate: Wednesday, Oct. 1, 2008, 8 to 10pm EDT
* English debate: Thursday, Oct 2, 2008, 9 to 11pm EDT

With:
* Stéphane Dion, Liberal Party of Canada
* Gilles Duceppe, Bloc Québécois
* Stephen Harper, Conservative Party of Canada
* Jack Layton, New Democratic Party
* Elizabeth May, Green Party of Canada

There may be issues which might effect real estate in Canada.
Do you plan to watch?

Metro Moncton housing more affordable than Fredericton or Saint John

2008-09-25T16:34:55Z

Live for less in the metro Moncton area.

Average housing prices are not jumping in the metro Moncton area. I've prepared the tables below to show sales in the metro area ONLY (City of Moncton, City of Dieppe and Town of Riverview), as reported in the Moncton Real Estate Board Multiple Listing Service® database.

These statistics point to a metro area residential market that so far is almost identical to last year.
Unit sales are down a mere 1.7% year to date.
Average sale price, average sale to list percentage and average list duration are all nearly the same year over year.
New construction sales represent over 20% of the residential metro market.

Click here for more about affordable Moncton homes...

Average Price of a Riverview Bungalow

2008-09-12T15:20:43Z

I've prepared the table below to show the year to date average sale price of only bungalows, between twenty and fifty years old and located in the Town of Riverview.

(as reported through the Moncton Real Estate Board Multiple Listing Service® )

In the Town of Riverview there are currently 15 bungalows between twenty and fifty years of age listed for sale on MLS® .

Larry Estabrooks, Independent Agent
"Your Local Expert"
www.larryestabrooks.com
Buy or Sell with confidence in my market expertise.

NO GARAGE

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales

SEP-2008 124900 121000 97% 60 days 1

AUG-2008 133650 131575 98% 27 days 4

JUL-2008 118400 116000 98% 72 days 2

JUN-2008 129500 127500 98% 29 days 2

MAY-2008 144900 144200 100% 10 days 2

APR-2008 129900 128250 99% 13 days 2

MAR-2008 127900 125000 98% 6 days 1

FEB-2008 119925 114000 95% 64 days 4

JAN-2008 $0 $0 0 % 0 days 0

Averages: 128472 125567 98 % 38 days 18

WITH GARAGE

Month Average List Price Average Sale Price Sale to List Price Average List Duration # Sales

SEP-2008 134900 130000 96% 17 days 1

AUG-2008 134650 127750 95% 35 days 4

JUL-2008 154233 147633 96% 35 days 3

JUN-2008 138650 133375 96% 89 days 4

MAY-2008 147500 143000 97% 25 days 1

APR-2008 $0 $0 -- % 0 days 0

MAR-2008 $0 $0 -- % 0 days 0

FEB-2008 134900 131950 98% 84 days 2

JAN-2008 141400 140450 99% 99 days 2

Averages: 140641 135600 96 % 59 days 17

Labour Day 2008 Metro Moncton Market Report

2008-09-01T10:46:34Z

With two thirds of 2008 now past, the real estate market in Metro Moncton and surrounding area continues to reinforce its reputation for stability.

Although unit sales are down 5% from 2007 ( a record year), new listings processed year to date are almost identical to 2007.
The sales to listings ratio remains historically strong in the 61% range.

In order to make sense of the local real estate market,
use the services of a professional advisor.
Please contact me to assist you,
you'll be glad you did.

Larry Estabrooks, Licensed Independent Agent, REALTOR®
Making sense of the local real estate market.

Residential MLS ® Statistical Report - to August 31 2008 (source: Greater Moncton Real Estate Board)
	2008				2007
	Listings	Sales	Sales to Listings Ratio	Average Sale	Listings	Sales	Sales to Listings Ratio	Average Sale
Area	YTD	YTD		12 Month	YTD	YTD		12 Month
MC	413	254	62%	$140,912	425	266	63%	$129,855
ME	277	179	65%	$164,173	243	160	66%	$160,009
MN	280	167	60%	$192,829	285	194	68%	$183,503
MW	27	26	96%	$151,514	40	27	68%	$164,817
	(997)	(626)			(993)	(647)
DC	107	57	53%	$179,118	108	83	77%	$180,564
DH	95	64	67%	$204,870	130	78	60%	$213,783
DE	21	15	71%	$128,708	25	8	32%	$126,377
DF	100	52	52%	$201,921	98	45	46%	$181,859
	(323)	(188)			(361)	(214)
RC	74	46	62%	$166,908	93	67	72%	$172,466
RE	58	27	47%	$151,502	55	43	78%	$135,839
RW	124	96	77%	$149,963	115	72	63%	$143,119
	(256)	(169)			(263)	(182)
RM	73	34	47%	$163,412	67	29	43%	$144,386
RR	40	19	48%	$215,568	43	25	58%	$152,392
RD	75	37	49%	$107,791	51	34	67%	$102,373
	(188)	(90)			(161)	(88)
Total	1764	1073	61%		1778	1131	64%
MC=Moncton Center, ME=Moncton East, MN=Moncton North, MW=Moncton West
DC=Dieppe Center, DH=Dieppe Chartersville, DE=Dieppe East, DF=Dieppe Fox Creek
RC=Riverview Center, RE=Riverview East, RW=Riverview West
RM=Rural Moncton, RR=Rural Riverview, RD=Rural Dieppe

65 Gordon - Moncton - www.bank-sale.info

2008-08-10T07:55:18Z

COMMERCIAL PROPERTY FOR SALE
65 Gordon Street, Moncton
New Brunswick, Canada

Just listed at $110,000 - MLS® # 283993

Foreclosure opportunity - corner lot offers great exposure for your business in Downtown Moncton. Secondary Business District zoning permits a wide range of uses. 783 square feet on both first and second floors (1,566 total) with some additional space in the walk up attic. This property must be sold so act now, click here to make an appointment to view this property on www.bank-sale.info

Offered for sale by

Larry Estabrooks, Independent Agent - 506-856-0202 and Matthew Estabrooks, Independent Agent - 506-383-3085

New Brunswick Market Report - first half of 2008

2008-08-08T22:25:34Z

The table below offers some insight into the New Brunswick residential real estate market during the first half of 2008. Points to note:

The average days on market was down in every area of the three major New Brunswick markets
The average sale price was up in every submarket of the three major areas with the exception of Dieppe
Unit sales were down in every submarket except the outlying areas of greater Moncton

Source: The Greater Moncton Real Estate Board, Saint John Real Estate Board, The Real Estate Board of the Fredericton Area and CMHC.

New Brunswick Celebrates Acadian Day 2008

2008-08-08T09:56:30Z

In Canada, August 15th is officially designated as National Acadian Day and in New Brunswick, Canada's only officially bilingual province, August 15th date is celebrated widely and with enthusiasm.

Dieppe - a traditional tintamarre or celebration parade where people go out into the streets and make as much noise as possible with pots and pans, whistles, horns which will be followed by music at the St. Anselme Rotary Park.
Moncton - a "Quinze août des fous" musical program will be held at the Sommet Art Park.
Fredericton - the Le Centre communautaire Sainte-Anne (CCSA) is sponsoring activities.
Saint John - the New Brunswick Museum has a National Acadian Day program.
Memramcook - the Monument Lefebvre National Historic Site of Canada will offer Acadian Dishes, BBQ, cake, games, face painting & music on August 15 from 12 - 8pm. All activities are free. Info: 506-758-9808

New Brunswick Real Estate Market Report - July 2008

2008-08-03T23:17:03Z

Here are the latest real estate sales numbers recorded in the month of July - 2008 by the five New Brunswick Real Estate Boards (in alphabetical order).

Fredericton - Units Sold: 259 - Volume Sold: $ 36,737,143

Moncton - Units Sold: 336 - Volume Sold: $ 48,798,301

Northern - Units Sold: 83 - Volume Sold: $ 7,139,200

Saint John - Units Sold: 275 - Volume Sold: $ 41,025,909

Valley - Units Sold: 17 - Volume Sold: $ 1,301,900

The metro Moncton area in Southeast New Brunswick leads the province in unit sales and dollar volume while maintaining the most affordable average sale price of the three major centers.

New Brunswick Day 2008

2008-08-03T18:56:59Z

Monday, August 3rd is New Brunswick Day 2008 and there are events across the Province. You'll find much more about New Brunswick Day on the Provincial New Brunswick Day website - http://nbday.ccpnbpcc.ca

I'm going to Shediac because this year the town will host the official New Brunswick Day celebrations. There's a full day scheduled from 10 am to 8 pm including a free community barbecue and a presentation of prizes to winners of NB Day Writing Drawing contest and Merit Awards.

If I don't see you in seaside Shediac, have a great New Brunswick Day!

Moncton ranks second in Canada according to new report

2008-07-29T10:07:44Z

Believing that the Moncton area is a great place for business, I've found a new report that confirms it.

In their Special Report: Focus on Tax, KPMG International ranks Moncton as number two in Canada in the overall Total Tax Indexfor business category. Of the one hundred and two international cities included in the report, in the overall Total Tax Index category Moncton places third. The overall category includes Manufacturing, Services and R&D.

Competitive Alternatives 2008 Special Report: Focus on Tax is part of the 2008 edition of Competitive Alternatives - KPMG's Guide to International Business Location, commissioned by KPMG Canada.

A copy of the report is availble in pdf formt here:
http://www.kpmg.ca/en/services/tax/documents/CompetitiveAlternativesFocusonTaxFINAL.pdf

Casino New Brunswick Location Revealed

2008-07-15T15:52:28Z

The location and some details for Casino New Brunswick, a destination casino, hotel and multi-use entertainment and convention centre to be built in the Magnetic Hill area of the City of Moncton were released today by the Province of New Brunswick and Sonco Gaming New Brunswick Limited Partnership.

The casino complex will be comprised of three completely separate and distinct buildings - a hotel, the Palladium (a multifunction entertainment and convention centre), and the casino - all integrated into one linear design. The buildings will be connected by an interior corridor that allows internal access to all three buildings.

Riverview Real estate Market - June 2008

2008-07-02T08:32:22Z

I've prepared the table below to show residential sales in the Town of Riverview reported through the Moncton Real Estate Board Multiple Listing Service® .

These statistics point to a Riverview real estate market that so far is almost identical to last year except for the decrease in the # of Sales and the increase in the Average Sale Price. These figures include both existing and new construction.

In the Town of Riverview there are currently 94 detached, 17 semi-detached and 39 condominium properties listed for sale on MLS® .

Larry Estabrooks, Independent Agent
"Your Local Expert"
www.larryestabrooks.com

If you would like to discuss the local real estate market please call me at 506-856-0202. Buy or Sell with confidence in my professional expertise.

MONTHLY SALES REPORT
( Results for this 6 month period have been rounded to the nearest dollar and percentage )

Month Average List Price Average Sale Price Sale to List Price Average List Duration # of Sales

JUN-2008 159148 154760 97% 58 days 31

MAY-2008 141154 138573 98% 52 days 26

APR-2008 151840 147681 97% 65 days 35

MAR-2008 159032 155726 98% 63 days 19

FEB-2008 167750 163693 98% 79 days 28

JAN-2008 161625 158583 98% 69 days 12

Averages: 156133 152414 98 % 64 days 151

Month Average List Price Average Sale Price Sale to List Price Average List Duration # of Sales

JUN-2007 144280 141345 98% 63 days 44

MAY-2007 151400 148740 98% 96 days 34

APR-2007 158769 154036 97% 121 days 27

MAR-2007 145417 140736 97% 94 days 36

FEB-2007 138310 132838 96% 82 days 21

JAN-2007 177566 172776 97% 125 days 17

Averages: 150507 146528 97 % 92 days 179

(I caution that average price information can be useful in establishing trends, but does not indicate home prices in Riverview which is comprised of widely divergent neighbourhoods.)

Dieppe Real Estate Market - June 2008

2008-07-02T08:16:37Z

I've prepared the table below to show residential sales in the City of Dieppe reported through the Moncton Real Estate Board Multiple Listing Service® .

These statistics point to a Dieppe real estate market that so far is almost identical to last year except for the decrease in the Average Sale price.

These figures include both existing and new construction.

In the City of Dieppe there are currently 151 detached, 44 semi-detached and 6 condominium properties listed for sale on MLS® .

Larry Estabrooks, Independent Agent
"Your Local Expert"
www.larryestabrooks.com

If you would like to discuss the local real estate market please call me at 506-856-0202. Buy or Sell with confidence in my professional expertise.

MONTHLY SALES REPORT
( Results for this 6 month period have been rounded to the nearest dollar and percentage )

Month Average List Price Average Sale Price Sale to List Price Average List Duration # of Sales

JUN-2008 195589 190154 97% 64 days 46

MAY-2008 177614 173192 98% 104 days 52

APR-2008 177768 172950 97% 130 days 34

MAR-2008 152094 150816 99% 109 days 16

FEB-2008 179875 173742 97% 91 days 24

JAN-2008 187281 184211 98% 127 days 26

Averages: 181298 176797 98 % 101 days 198

Month Average List Price Average Sale Price Sale to List Price Average List Duration # of Sales

JUN-2007 176098 171707 98% 96 days 43

MAY-2007 183588 180457 98% 96 days 42

APR-2007 191107 186775 98% 119 days 28

MAR-2007 167919 163963 98% 86 days 26

FEB-2007 185887 184267 99% 80 days 40

JAN-2007 218963 210994 96% 97 days 24

Averages: 185667 181723 98 % 95 days 203

(I caution that average price information can be useful in establishing trends, but does not indicate home prices in Dieppe which is comprised of widely divergent neighbourhoods.)

Moncton Real Estate Market - June 2008

2008-07-02T07:56:57Z

I've prepared the table below to show residential sales in the City of Moncton reported through the Moncton Real Estate Board Multiple Listing Service® .

These statistics point to a Moncton market that so far is almost identical to last year except for the increase in the Average Sale price.

These figures include both existing and new construction.

In the City of Moncton there are currently 429 detached, 99 semi-detached and 79 condominium properties listed for sale on MLS® .

Larry Estabrooks, Independent Agent
"Your Local Expert"
www.larryestabrooks.com

If you would like to discuss the local real estate market please call me at 506-856-0202. Buy or Sell with confidence in my professional expertise.

MONTHLY SALES REPORT ( Results for this 6 month period have been rounded to the nearest dollar and percentage )

Month Average List Price Average Sale Price Sale to List Price Average List Duration # of Sales

JUN-2008 161065 157016 97% 81 days 129

MAY-2008 154785 150014 97% 74 days 143

APR-2008 162331 157398 97% 88 days 102

MAR-2008 158821 154005 97% 89 days 99

FEB-2008 165019 159114 96% 102 days 89

JAN-2008 163545 157890 97% 85 days 55

Averages: 160250 155354 97 % 85 days 617

Month Average List Price Average Sale Price Sale to List Price Average List Duration # of Sales

JUN-2007 161931 157729 97% 87 days 138

MAY-2007 158345 153730 97% 86 days 133

APR-2007 150588 146373 97% 74 days 100

MAR-2007 157529 152087 97% 91 days 90

FEB-2007 144171 139455 97% 87 days 83

JAN-2007 149969 144674 96% 87 days 62

Averages: 154962 150301 97 % 85 days 606

(I caution that average price information can be useful in establishing trends, but does not indicate home prices in Moncton which is comprised of widely divergent neighbourhoods.)

Moncton Homes and Real Estate

Will you be guilty of apathy?

Canadian Homebuyers and Real Estate Professionals Should be Pleased

Moncton - Saint John - Fredericton 2008 Housing Starts Revealing

New Brunswick Housing Starts - Year to date to end of September 2008

Canada's World Economic Forum Rankings

Moncton Home Priced For Quick Sale

Just over a year ago when the seller bought this new home he didn't plan on moving again so soon.

Canadian Housing Website Stats August 2008

Canada Votes: Federal Election Debates

Metro Moncton housing more affordable than Fredericton or Saint John

Live for less in the metro Moncton area.

Average Price of a Riverview Bungalow

I've prepared the table below to show the year to date average sale price of only bungalows, between twenty and fifty years old and located in the Town of Riverview.

In the Town of Riverview there are currently 15 bungalows between twenty and fifty years of age listed for sale on MLS® .

Larry Estabrooks, Independent Agent "Your Local Expert" www.larryestabrooks.com Buy or Sell with confidence in my market expertise.

Labour Day 2008 Metro Moncton Market Report

65 Gordon - Moncton - www.bank-sale.info

COMMERCIAL PROPERTY FOR SALE 65 Gordon Street, Moncton New Brunswick, Canada

New Brunswick Market Report - first half of 2008

New Brunswick Celebrates Acadian Day 2008

New Brunswick Real Estate Market Report - July 2008

New Brunswick Day 2008

Moncton ranks second in Canada according to new report

Casino New Brunswick Location Revealed

Riverview Real estate Market - June 2008

I've prepared the table below to show residential sales in the Town of Riverview reported through the Moncton Real Estate Board Multiple Listing Service® .

These statistics point to a Riverview real estate market that so far is almost identical to last year except for the decrease in the # of Sales and the increase in the Average Sale Price. These figures include both existing and new construction.

In the Town of Riverview there are currently 94 detached, 17 semi-detached and 39 condominium properties listed for sale on MLS® .

Larry Estabrooks, Independent Agent "Your Local Expert" www.larryestabrooks.com

Dieppe Real Estate Market - June 2008

I've prepared the table below to show residential sales in the City of Dieppe reported through the Moncton Real Estate Board Multiple Listing Service® .

These statistics point to a Dieppe real estate market that so far is almost identical to last year except for the decrease in the Average Sale price.

These figures include both existing and new construction.

In the City of Dieppe there are currently 151 detached, 44 semi-detached and 6 condominium properties listed for sale on MLS® .

Larry Estabrooks, Independent Agent "Your Local Expert" www.larryestabrooks.com

Moncton Real Estate Market - June 2008

I've prepared the table below to show residential sales in the City of Moncton reported through the Moncton Real Estate Board Multiple Listing Service® .

These statistics point to a Moncton market that so far is almost identical to last year except for the increase in the Average Sale price.

These figures include both existing and new construction.

In the City of Moncton there are currently 429 detached, 99 semi-detached and 79 condominium properties listed for sale on MLS® .

Larry Estabrooks, Independent Agent "Your Local Expert" www.larryestabrooks.com

Larry Estabrooks, Independent Agent
"Your Local Expert"
www.larryestabrooks.com
Buy or Sell with confidence in my market expertise.

COMMERCIAL PROPERTY FOR SALE
65 Gordon Street, Moncton
New Brunswick, Canada

Larry Estabrooks, Independent Agent
"Your Local Expert"
www.larryestabrooks.com

Larry Estabrooks, Independent Agent
"Your Local Expert"
www.larryestabrooks.com

Larry Estabrooks, Independent Agent
"Your Local Expert"
www.larryestabrooks.com