Moncton real estate activity - 1st quarter - 2007

New listings are stable and unit sales are up 16% so the sales to listings ratio climbs higher.

That means 2007 is off to a positive start in the city of Moncton. Compared to the same period in 2006, the average sale price is unchanged in Moncton North and advancing in Moncton East and Moncton Center.

What's not to like

	March 2007
	Listings		Sales		Sales/Listings Ratio		Average Sale Price
Area	Mnth	YTD	Mnth	YTD	Mnth	YTD	Mnth	12 Mnth
MC	40	102	21	63	53%	62%	$140,405	$128,737
ME	24	66	18	46	75%	70%	$180,522	$161,419
MN	35	82	17	46	49%	56%	$179,409	$172,935
MW	3	8	2	6	67%	75%	$156,450	$137,004
Total	102	258	58	161	57%	62%
	March 2006
MC	35	88	19	59	54%	67%	$126,116	$121,387
ME	25	70	12	34	48%	49%	$165,008	$147,742
MN	44	90	16	43	36%	48%	$219,338	$173,883
MW	5	11	1	3	20%	27%	$169,000	$118,875
Total	109	259	48	139	44%	54%

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
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%