- In 2006, the number of residential sales was down slightly in the City of Moncton.
- Sales were lower in all areas except Moncton North.
- Average sale prices were up in all areas.
- Moncton North continued to record the highest 12 month average sale price.
- Moncton West recorded the largest average sale price increase over 2005.
- The sales to listing ratio dropped in all areas in 2006.
- While still a healthy overall ratio, it indicates a trend towards a more balanced market.
I caution that average price information can be useful in establishing trends over time, but does not indicate actual prices in areas comprised of widely divergent neighborhoods.
December 2006 | ||||||||
---|---|---|---|---|---|---|---|---|
Listings | Sales | Sales/Listngs | Average Sale Price | |||||
Area | Dec | YTD | Dec | YTD | Dec | YTD | Dec | 12 Month |
MC | 14 | 413 | 14 | 254 | 100% | 62% | $112,543 | $126,612 |
ME | 11 | 292 | 10 | 163 | 91% | 56% | $157,050 | $157,801 |
MN | 19 | 392 | 8 | 231 | 42% | 59% | $179,431 | $175,471 |
MW | 2 | 43 | 1 | 22 | 50% | 51% | $120,900 | $133,877 |
Total | 46 | 1,139 | 33 | 670 | 59% | |||
December 2005 | ||||||||
MC | 14 | 429 | 14 | 270 | 100% | 63% | $118,068 | $120,937 |
ME | 10 | 288 | 19 | 196 | 190% | 68% | $157,416 | $150,464 |
MN | 11 | 351 | 7 | 218 | 64% | 62% | $186,500 | $169,138 |
MW | 0 | 45 | 0 | 29 | 0 | 64% | 0 | $117,767 |
Total | 35 | 1,113 | 40 | 713 | 64% |