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CURRENT STATISTICS

 

 

Greater Moncton home sales come off the boil in November

 
Residential sales in the area served by the Greater Moncton REALTORS® du Grand Moncton numbered 147 units in November, a 2.6 per cent decrease from levels in November 2013.
“Following a strong summer and fall, the pace of home sales in the Greater Moncton region slowed down in November, although activity remains quite a bit higher than it was over the first half of the year,” said Ricky Cormier, President of the Greater Moncton REALTORS® du Grand Moncton. “Prices moderated slightly in November compared to October, with semi-detached home prices continuing to edge modestly higher on a year-over-year basis, while detached prices stood about half a per cent below last November’s levels.” 
The MLS® Home Price Index (HPI), tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI for Greater Moncton edged down 0.66 per cent in November 2014 compared to the same month last year.
Year-over-year price growth remained modestly positive for semi-detached homes (+0.61 per cent), while detached properties saw a slight decrease compared to a year earlier (-0.54 per cent). Prices declined for townhouse/row units (-3.79 per cent) and apartment style condo units (‑5.00 per cent). That said, for apartment style condos it was the smallest decline in a year, reflecting the fact that prices have been trending back up again since May.
The average price of Greater Moncton home sales edged higher by 1.9 per cent from November 2013. Supported by year-over-year increases mainly in the first half of the year, the average price for the year-to-date in November was up two per cent from the same period last year. 
While the use of average price information can be useful in establishing trends when applied over a period of time, i.e. six months or longer, the Greater Moncton REALTORS® du Grand Moncton cautions that an average price does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR®.
New listings numbered 286 units in November, rising 7.5 per cent from November 2013.
Existing supply levels remain elevated, although they have been trending lower since July. Active residential listings on the Board’s MLS® System numbered 2,420 units at the end of November 2014, an increase of 16.5 per cent from the same time last year.
There were 16.5 months of inventory at the end of November 2014, up from 14.0 months reported at the end of November 2013 and above the long-run average for this time of the year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity. 
The total value of residential sales reported through the Board’s MLS® System was $24.7 million in November 2014. This marked a 0.8 per cent decrease from year-ago levels.
Sales of all types of properties numbered 159 units in November, down 2.5 per cent from a year earlier. The value of all property sales in November 2014 amounted to $26.3 million, an increase of 4.1 per cent from last November.
The Greater Moncton REALTORS® du Grand Moncton represents more than 275 REALTORS® from over 26 member offices in Moncton, Dieppe, and Riverview as well as nearby communities in South Eastern New Brunswick. MLS® is a co-operative marketing system used only by Canada's real estate Boards to ensure maximum exposure of properties listed for sale.
 
 
 
MLS® Home Price Index
percentage change vs.
 Semi-Detached Benchmark:
November 2014
1 month ago
3 months ago
6 months ago
12 months ago
3 years ago
5 years ago
Greater Moncton
$159,100
-0.23
-0.38
0.08
0.61
4.05
12.36
Dieppe
$158,400
0.3
0.3
1.98
1.21
3.49
9.15
Moncton
$158,900
-0.38
-0.54
-0.61
0.39
4.68
13.46
Riverview
$159,500
0.15
0.15
1.97
1.58
3.37
9.94
 
MLS® Home Price Index
percentage change vs.
 Single Family Detached Benchmark:
November 2014
1 month ago
3 months ago
6 months ago
12 months ago
3 years ago
5 years ago
Greater Moncton
$156,500
-0.23
0
-0.31
-0.54
1.1
7.19
Dieppe
$215,700
0.3
-2.78
-1.7
-0.82
1.14
9.19
Moncton
$164,800
-0.46
0.08
-1.07
0.46
2.69
8.81
Outside
$116,700
-0.24
2.31
1.72
-1.12
0.24
5.26
Riverview
$151,900
0.15
-3.2
-2.69
-2.26
-1.74
5.78
Rural Routes
$135,200
-1.17
1.94
3.02
0.56
3.35
6.13

 

MLS® Home Price Index
percentage change vs.
 Composite Benchmark:
November 2014
1 month ago
3 months ago
6 months ago
12 months ago
3 years ago
5 years ago
Greater Moncton
$150,400
-0.55
-0.47
-0.7
-0.7
0.79
6.37
Dieppe
$201,200
-0.23
-2.59
-1.64
-0.08
1.31
8.31
Moncton
$152,400
-0.78
-0.63
-1.4
-0.24
1.6
6.92
Outside
$117,100
-0.32
2.23
1.64
-1.2
0
5.01
Riverview
$149,800
-0.08
-3.06
-2.69
-1.96
-0.91
6.03
Rural Routes
$135,100
-1.17
1.94
3.02
0.56
3.35
6.13
 
 
 
 
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Greater Moncton home sales remain at historically strong levels in October

Residential sales in the area served by the Greater Moncton REALTORS® du Grand Moncton numbered 213 units in October, a 31.5 per cent jump from levels in October 2013.
 
“October was the fourth straight month of historically very strong resale housing activity in the region, marking a sharp contrast to the quiet start to the year,” said Ricky Cormier, President of the Greater Moncton REALTORS® du Grand Moncton. “It was the fourth best October on record for sales, with year-to-date activity running almost five per cent ahead of the same time last year. Semi-detached home prices continue to post modest year-over-year gains, while detached prices have largely flattened out.”
 
This month, the Greater Moncton REALTORS® du Grand Moncton launches its MLS® Home Price Index (HPI), which tracks price trends far more accurately than is possible using average or median price measures.
 
The overall MLS® HPI for Greater Moncton was unchanged compared to October last year. Prices have held fairly steady since they recovered toward the end of summer last year. Year-over-year increases of around two per cent in the first half of 2014 reflected a weaker pricing environment in early 2013. However, prices have been flat for the past three months.
 
Year-over-year price growth remained modest for semi-detached homes (+0.92 per cent), although this outpaced single family detached home price which have largely stabilized (-0.08 per cent). By contrast, prices declined for townhouse/row units (-3.84 per cent) and apartment units (‑10.85 per cent), the latter reflecting a spike in prices in 2012/2013 that has since come back down to earth.
 
The average price of Greater Moncton home sales edged higher by 0.7 per cent from October 2013. Supported by year-over-year increases mainly in the first half of the year, the average price for the year-to-date in October was up 2.0 per cent from the same period last year.
 
While the use of average price information can be useful in establishing trends when applied over a period of time, i.e. six months or longer, the Greater Moncton REALTORS® du Grand Moncton cautions that an average price does not indicate the actual value of any particular property. Those requiring specific information on property values should contact a REALTOR®.
 
New listings numbered 421 units in October, rising 10.5 per cent from October 2013.
 
Existing supply levels remain elevated, but are showing tentative signs of having topped out this summer. Active residential listings on the Board’s MLS® System numbered 2,585 units at the end of October 2014, an increase of 16.4 per cent from the same time last year.
 
There were 12.1 months of inventory at the end of October 2014, down from 13.7 months reported at the end of October 2013 but still above the long-run average for this time of the year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
 
The total value of residential sales reported through the Board’s MLS® System was $33.2 million in October 2014. This marked a 32.4 per cent increase from year-ago levels.
 
Sales of all types of properties numbered 241 units in October, up 28.9 per cent from a year earlier. The value of all property sales in October 2014 amounted to $37.2 million, an increase of 38.0 per cent from last October.
 
The Greater Moncton REALTORS® du Grand Moncton represents more than 280 REALTORS® from over 26 member offices in Moncton, Dieppe, and Riverview as well as nearby communities in South Eastern New Brunswick. MLS® is a co-operative marketing system used only by Canada's real estate Boards to ensure maximum exposure of properties listed for sale.
 

MLS® Home Price Index
percentage change vs.
 Semi-Detached Benchmark:
October 2014
1 month ago
3 months ago
6 months ago
12 months ago
3 years ago
5 years ago
Greater Moncton
$159,500
-0.46
-0.38
1.23
0.92
4.04
12.71
Dieppe
$157,900
-2.27
0.76
1.52
1.45
3.50
9.45
Moncton
$159,500
0.23
-0.69
1.16
0.62
4.49
13.80
Riverview
$159,200
-1.97
0.82
1.81
1.89
3.62
10.50
 
MLS® Home Price Index
percentage change vs.
 Single Family Detached Benchmark:
October 2014
1 month ago
3 months ago
6 months ago
12 months ago
3 years ago
5 years ago
Greater Moncton
$156,900
-0.85
-0.08
1.66
-0.08
1.18
8.26
Dieppe
$215,000
-3.21
-4.53
-2.71
-1.12
0.68
10.58
Moncton
$165,600
0.23
-0.53
2.28
0.54
3.17
9.31
Outside
$117,000
-0.24
4.01
4.54
0.32
0.32
6.78
Riverview
$151,600
-3.49
-5.32
-3.92
-2.41
-1.89
6.66
Rural Routes
$136,800
1.43
4.92
6.85
2.65
3.40
9.13

 

MLS® Home Price Index
percentage change vs.
 Composite Benchmark:
October 2014
1 month ago
3 months ago
6 months ago
12 months ago
3 years ago
5 years ago
Greater Moncton
$151,200
-0.78
-0.23
1.43
0.00
1.03
7.76
Dieppe
$201,700
-2.51
-3.86
-1.79
-0.08
1.07
10.46
Moncton
$153,600
0.08
-0.62
1.67
0.16
2.00
7.76
Outside
$117,500
-0.24
4.02
4.55
0.24
0.32
6.62
Riverview
$149,900
-3.20
-4.34
-3.20
-1.88
-0.69
7.43
Rural Routes
$136,700
1.43
4.92
6.85
2.65
3.40
9.13