May 2010 MLS® Sales Reported in New Brunswick

For the month of May 2011 - Total real property unit sales reported on MLS® tied in Moncton and Fredericton while Saint John sales remained lower.

For a closer look at the Moncton housing market see http://www.blogmoncton.com/ 


Fredericton



May-2011 - Units Sold: 315 - Volume Sold: $ 54,941,705
May-2010 - Units Sold: 279 - Volume Sold: $ 47,452,649

May-2009 - Units Sold: 326 - Volume Sold: $ 56,252,025

May-2008 - Units Sold: 351 - Volume Sold: $ 55,012,311




Moncton

May-2011 - Units Sold: 315 - Volume Sold: $ 50,979,909

May-2010 - Units Sold: 249 - Volume Sold: $ 35,292,013

May-2009 - Units Sold: 281 - Volume Sold: $ 38,624,440

May-2008 - Units Sold: 362 - Volume Sold: $ 50,495,357



Saint John

May-2011 - Units Sold: 203 - Volume Sold: $ 33,069,271

May-2010 - Units Sold: 207 - Volume Sold: $ 33,435,947

May-2009 - Units Sold: 249 - Volume Sold: $ 44,613,494

May-2008 - Units Sold: 272 - Volume Sold: $ 41,049,722



Northern New Brunswick
May-2011 - Units Sold: 52 - Volume Sold: $ 4,626,694
May-2010 - Units Sold: 43 - Volume Sold: $ 3,658,050

May-2009 - Units Sold: 49 - Volume Sold: $ 4,471,451

May-2008 - Units Sold: 57 - Volume Sold: $ 4,040,150


Valley
May-2011 - Units Sold: 25 - Volume Sold: $ 2,343,400
May-2010 - Units Sold: 19 - Volume Sold: $ 2,083,450

May-2009 - Units Sold: 24 - Volume Sold: $ 2,667,200

May-2008 - Units Sold: 23 - Volume Sold: $ 2,577,000

October 2010 MLS® Sales Reported in New Brunswick, Canada

Hot off my computer for the month of October, 2010 - Total real property sales and volume reported on MLS® slipped in all three of New Brunswick's major centres. In October, the Moncton area was the most active real estate market with over 25% more sales reported than either Saint John or Fredericton.
Moncton
Oct-2010 - # Sold: 217 Volume Sold: $ 29,969,317
Oct-2009 - # Sold: 231 Volume Sold: $ 31,494,937
Oct-2008 - # Sold: 225 Volume Sold: $ 29,278,327
Oct-2007 - # Sold: 265 Volume Sold: $ 35,064,200

Saint John
Oct-2010 - # Sold: 170 Volume Sold: $ 26,726,453
Oct-2009 - # Sold: 224 Volume Sold: $ 34,133,322
Oct-2008 - # Sold: 214 Volume Sold: $ 31,099,196
Oct-2007 - # Sold: 229 Volume Sold: $ 31,072,700

Fredericton

Oct-2010 - # Sold: 168 Volume Sold: $ 24,045,500
Oct-2009 - # Sold: 186 Volume Sold: $ 23,834,543
Oct-2008 - # Sold: 157 Volume Sold: $ 19,616,709
Oct-2007 - # Sold: 222 Volume Sold: $ 27,025,000

August 2010 MLS® Sales

Hot off the computer on August 31st - Total real property sales and volume reported in Fredericton, Moncton and Valley are not far off previous years but Saint John and and Northern New Brunswick have stumbled. The Moncton area remains the most active real estate market.

Fredericton
Aug-2010 Sales: 215 - Volume Sold: $ 31,358,938
Aug-2009 Sales: 234 - Volume Sold: $ 32,993,806
Aug-2008 Sales: 260 - Volume Sold: $ 36,301,562

Moncton
Aug-2010 Sales: 275 - Volume Sold: $ 39,835,571
Aug-2009 Sales: 254 - Volume Sold: $ 41,606,384
Aug-2008 Sales: 286 - Volume Sold: $ 40,556,633

Saint John
Aug-2010 Sales: 181 - Volume Sold: $ 30,473,985
Aug-2009 Sales: 224 - Volume Sold: $ 35,146,361
Aug-2008 Sales: 284 - Volume Sold: $ 43,156,931

Northern New Brunswick
Aug-2010 Sales: 64 - Volume Sold: $ 4,751,100
Aug-2009 Sales: 52 - Volume Sold: $ 4,651,900
Aug-2008 Sales: 100 - Volume Sold: $ 9,015,322

Valley Board
Aug-2010 Sales: 18 - Volume Sold: $ 1,443,700
Aug-2009 Sales: 27 - Volume Sold: $ 1,651,600
Aug-2008 Sales: 24 - Volume Sold: $ 1,773,900

NB Real Estate Market Update

As the double naught decade closes I offer this snapshot of yearly real estate unit sales reported on MLS® in the three major New Brunswick markets.

The Moncton area dominated the decade while Saint John and Fredericton jockeyed for second place.

NB Real Estate Market Update

• Total unit sales and dollar volumes reported in New Brunswick's three largest real estate markets made significant year over year gains in November.
• Fredericton area unit sales reported in November came within a whisker of their all time record for November unit sales set in 2007.
• Moncton area unit sales reported in November were the second best on record for November.
• In Saint John the November record for unit sales reported was set in 2005 (239).

Will this trend continue through the final month of 2009?

In 31 days I'll post my 2009 report.

March 2009 - Declining Unit Sales Again? YES and NO!

Surprise!
The double digit percentage year over year decline in unit sales stopped in March.
Comparing MLS® unit sales recorded this March with last:

• Fredericton posted an 8% gain
• Moncton posted a 3.7 % decline
• Saint John posted a 7% decline

First quarter 2009 unit sales in New Brunswick are still down in the 15% range from 2008 due much lower unit sales in January and February. And first quarter 2009 unit sales are off 29% from the all time record high recorded in the first quarter of 2007.

Will March 2009 go down as a turning point in the New Brunswick real estate market? Stop back later in the year for the answer.

Fewer MLS® Sales in November

The number of MLS® sales reported in New Brunswick declined 24% last month in comparison November of 2007.The area hardest hit was Moncton (-35%), followed by Saint John (-24%) and Fredericton (-18%).

Even though the Greater Moncton area experienced a 35% decline in the number of MLS® sales last month, this pales in comparison to higher priced areas such as Greater Vancouver where MLS® sales of existing homes fell 70% from November 2007.

Fewer buyers and more active listings signal a buyer's market. Aggressive marketing techniques will be needed to attract buyers in this market.

Buyers who have the undivided loyalty of their own agent (buyer's agent) will have a distinct advantage in this market.