Wednesday 28 February 2007

Moncton Residential Real Estate Market Report for 2006

  • 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
Ratio

Average Sale Price

AreaDecYTDDecYTDDecYTDDec12 Month
MC1441314254100%62%$112,543$126,612
ME112921016391%56%$157,050$157,801
MN19392823142%59%$179,431$175,471
MW24312250%51%$120,900$133,877
Total461,1393367059%

December 2005

MC1442914270100%63%$118,068$120,937
ME1028819196190%68%$157,416$150,464
MN11351721864%62%$186,500$169,138
MW045029064%0$117,767
Total351,1134071364%

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