Moncton Real Estate Forecast for 2013

It's 2013 and a year since my last post to this blog. Not that I haven't been blogging. I'm been posting on my #1 Moncton Real Estate Blog - blogMoncton.com - all last year.

So here is my prediction for the local real estate market for 2013. Lots of listings from which to choose, in fact above average all year. About the same number of buyers as in 2012. However 2013 will favour those buyers over sellers who are motivated to sell. 2013 will be a disappointing year for sellers who only list their properties to "test the market".
These sellers will hold out for top dollar, hoping to find a unsophisticated or unrepresented buyer.

So, buyers, here it is. Buyer's market for buyers who, find motivated sellers. And the best way to achieve that goal is for a buyer to be represented by an experienced buyer agent.

Larry

New Construction Open Houses on Super Bowl Sunday 2012

Announcing my super Open House on Super Bowl Sunday, February 5th 2012 at the Carriage Hill Development in Riverview from 10 am to 1 pm,. And, if you wish, we will place your name in a bowl from which we will draw one name who will receive two tickets to the Game Day Tailgate Buffet at Casino New Brunswick
(you must be over 19 for your name to be to placed in the bowl)

Open House details here: http://openhouses.monctonguide.com/


Look here for details on these new constructions in Carriage Hill : http://carriage-hill.monctonguide.com/

It's Sold You're Moving: THE PITFALL OF MULTIPLE REPRESENTATION aka Dual Ag...

It's Sold You're Moving: THE PITFALL OF MULTIPLE REPRESENTATION aka Dual Ag...: "To many, the term - dual agency means that a REALTOR ® represents both the buyer and the seller in the sale of the REALTOR's ® listing. T..."

Moncton Leads MLS® Sales in New Brunswick

The Moncton area real estate market activity is outstanding in the Province!

Moncton
Nov-2010 - Sales: 231 - Volume Sold: $ 32,817,209
Oct-2010 - Sales: 217 - Volume Sold: $ 29,969,317
Sep-2010 - Sales: 233 - Volume Sold: $ 30,811,523

Fredericton
Nov-2010 - Sales:  149 - Volume Sold: $ 22,732,110
Oct-2010 - Sales: 168 - Volume Sold: $ 24,045,500
Sep-2010 - Sales: 195 - Volume Sold: $ 28,422,011

Saint John
Nov-2010 - Sales: 133 - Volume Sold: $ 22,286,640
Oct-2010 - Sales: 170 - Volume Sold: $ 26,726,453
Sep-2010 - Sales: 196 - Volume Sold: $ 32,086,753

Moncton Leads MLS® Sales in New Brunswick

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

An energy efficient house built ahead of its time

Not all twenty plus year old houses are energy hogs. Some were built to energy efficiency levels that are higher than most new housing being built today. Recently I listed for sale just such a house. This is a multi level style with over 2,000 square feet of living area above grade. Built for the owner with 9 inch thick walls rated at R-28, a heat recovery ventilation system and baseboard electric heat, this house is at the top tier of energy efficiency even today.



The NB Power bills from the last twelve months including taxes total under $3,000. That's a 12 month average of just $250 per month. If you would like to see the billing summary it's on the web site at www.29Aurora.info.

Housing Sales in the City - Not Hot

The total number of residential sales within the City of Moncton reported to the GMREB year-to-date is down by 28.5%. This number stands out when compared to the City of Dieppe (down 8%) and the Town of Riverview (down 17.5%).

Buyers take note - now is the time to find the motivated sellers. But beware of double agents. You should have the undivided loyalty of you own agent. Learn more about agency on my other blog www.blogMoncton.com

Because a significant percentage of residential sales in Moncton are new construction housing, I prepared a chart for existing and a chart for new.