The pandemic "bounce" in our real estate market seems to be continuing unabated. As of April 1st pending sales for the month of April have already exceeded previous years. You can be sure in the coming days more unconditional pending sales with April closings will be reported. What's it like in your real estate market? Time frame is the months January-April for the years 2019-2021 Major Areas included are 'Dieppe', 'Moncton', 'Riverview', 'Rural Routes', 'Outside' Property Sub Type is one of 'Detached', 'Semi - Detached', 'Townhouse' Results calculated from 2,136 sales and unconditional pending sales  04/01/2021

In our Atlantic Canadian Province of New Brunswick, it should be no surprise that we are experiencing a SELLER'S market in real estate. The chart above clearly shows the New Brunswick real estate market over the last few years has trended in favour of Seller's.In 2020, after the initial shock of the Spring pandemic lockdown, the Summer brought a flood Buyers. And the steady stream of Buyers shows no signs of waning as we enter Spring 2021.The inventory of listings remains at all time lows. Buyers would be wise to seek full representation in this market. 03/18/2021

Two charts below clearly illustrate the active listings versus sales situation in the greater Moncton residential real estate market.  As Spring approaches, we are in seriously uncharted territory.Obviously Sellers have the advantage in the current marketplace. Will a surge in Sellers quell Buyer's thirst for listings? Will Buyers, who've been waiting on the sidelines, become disillusioned with market conditions? This Spring, will builders be willing and able to supply new housing listings to the marketplace? Or will builders be too busy building for recent Sellers who have cashed in their old house for a new build.Based on the first quarter, the rest of the year will certainly be an unusual one in our local real estate market. 03/13/2021

You are a first time buyer and plan to purchase in 2021. Currently your local real estate market favors sellers; low inventory and strong sales.How can you protect yourself from Sellers' (and their agents) overpriced listings?First, never reveal information to the Sellers (or their representative agents) that could put you at any disadvantage in negotiating an agreement to purchase. If you are not sure about what information you could reveal, your starting point should be: NOTHING. I'm serious. Reveal no information unless you can be guaranteed it will be kept confidential. It would be wise to speak with a real estate licensee about single agency buyer representation and if they offer that type of representation. If anyone attempts to convince you that dual (double) agency is acceptable... 02/17/2021

Time frame - Jan 2016 to Dec 2020 Major Areas include Dieppe, Moncton, Riverview, Rural Routes and "Outside" (all of Albert, Kent and Westmorland counties)  Property type includes Detached and Semi - Detached Results calculated from approximately 19,000 listings  Month 2016 2017 2018 2019 2020 Jan 1,897 1,607 1,467 1,155 971 Feb 1,916 1,629 1,541 1,149 954 Mar 2,001 1,716 1,585 1,245 936 Apr 2,073 1,854 1,681 1,381 936 May 2,167 1,941 1,743 1,466 988 Jun 2,236 2,011 1,784 1,511 1,027 Jul 2,191 2,011 1,729 1,469 1,036 Aug 2,157 1,970 1,698 1,447 996 Sep 2,083 1,934 1,624 1,399 934 Oct 1,977 1,803 1,506 1,277 812 Nov 1,846 1,688 1,348 1,138 669 Dec 1,649 1,491 1,209 1,011 527 01/02/2021

The chart above illustrates strong second half sales of  detached and semi-detached housing located within the adjoining municipalites of Dieppe, Moncton and Riverview. (sometimes referrred to a "metro" Moncton) These sales are all freehold ownership as I chose not to include our small condominium ownership market, averaging less than 10 sales per month in 2020.As we head into 2021, active listings are at an all time low. I'll post the December end of month active listing numbers on January 1.  12/30/2020

The chart above reflects the monthly ratio of list price vs sale (closed) price detached and semi-detached housing located within the adjoining municipalites of Dieppe, Moncton and Riverview. (sometimes referrred to a "metro" Moncton) These would all be freehold ownership as I chose not to include our small condominium ownership market, averaging less than 10 sales per month.The ratio has indeed risen in 2020. In my opinion driven up the combination of lack of inventory on the market throughout the year combined with an increased number of active buyers. 12/30/2020

The chart above reflects the monthly number of closed sales of detached housing located within the adjoining municipalites of Dieppe, Moncton and Riverview. (sometimes referrred to a "metro" Moncton)Yes the second half of the 2020 housing market was indeed "warmer" than the first half. The chart below reflects the monthly number of closed sales of semi-detached housing located in metro Moncton. The chart below reflects the monthly number of closed sales of detached housing located in Albert, Kent and Westmorland counties outside of metro Moncton. The housing market in this collective area was much warmer than previous years.I have a suspicion as to why the housing market numbers are this way. 12/29/2020

In the metro Moncton - Dieppe - Riverview real estate market the low inventory trend continues. In the chart above, one line historically illustrates the scarcity of active listings in our MLS System. The other line shows the months of inventory at the current level of sales. Two months of inventory means Buyers do not have many offerings from which to choose. Buyers are under pressure to act quickly when a new offering does come on the market. So new listings often attract multiple offers. This estate market favours Sellers over Buyers. Buyers would be wise to have undivided loyalty with single agency representation before shopping for a property. Just say NO DUAL AGENCY.   09/08/2020

Talk about low inventory of detached houses for sale in metro Moncton - Dieppe - Riverview ! The chart above illustrates the scarcity of active listings on our MLS System. Current real estate maket conditions definitely favor Sellers. Buyers are waiting for new listings to come on the market, sometimes becoming frustrated when those new listngs attract multiple offers.Buyers as well as Sellers woulde be wise to obtain independent advice in this Moncton area real estate market. 08/04/2020

Active residential listings continue to be at historic low levels.Monthly sales remain in the normal range however active listings are in short supply. This will certainly favor Sellers over Buyers in the tri-community "metro" Moncton area. To be fully represented, Buyers as well as Sellers should choose the undivided loyalty of single agency representation. This is no time to agree to the limited representation of double agency. 03/01/2020

Loads of fun at the Hunter Brothers Farm and corn maze in Florenceville New Brunswick, Canada. We're up in Canada for a late summer vacation, when there's fewer bugs and the nights are cool.  This is a good time of year to be here, and not just because of the weather.  At this time of year there's harvesting to be done, with corn and pumpkins, and potatoes ready to come out of the ground.At the Hunter Brothers Farm they've turned this into a great opportunity for a family fun park, with farm themed activities for the kids.  The corn maze is the big attraction, and I think it may hold the honors for being one of the biggest in the country at 6 acres!  Other fun things to do include:- straw bale castle- zip lines- corn room- tug of war- tube slides- tractor slide- pedal bike race course- ... 09/17/2019

Single family detached homes make up the majority of residential sales in the "metro Moncton" area (City of Moncton - City of Dieppe - Town of Riverview).Sale numbers of single family detached houses set new monthly records in the Spring/Summer of 2019. This occurred in spite of a historically low inventory of single family detached listings. And prices remain remarkably reasonable.With interest rates for residential mortgages holding steady, the affordability of housing in the metro area is outstanding. Now is a good time for renters to consider moving into home ownership. It can't hurt to shop the market this fall before winter sets in. 09/05/2019

Hot sale numbers of detached housing set new records in the Summer of 2019. In spite of the low inventory of listings, prices remain remarkably reasonable. And with interest rates for residential mortgages holding steady, the affordablity of housing in the city is outstanding. Now would be the time for renters to get into home ownership. 08/14/2019

OPEN HOUSE October 7 - 2018 from 2 - 4 pm at 264 Hennessey Rd, Moncton, New Brunswick First time on the market, owners started at $250k, now down to $220k: bedrooms upstairs - 5 full bathrooms upstairs - 2 square footage above grade - 2,133 garage - double (attached) square footage below grade - 1,000 MLS® Number: M115939 ENERGY STAR rated windows and heat recovery ventilation system, access to the basement level from the garage, 80x100 foot lot and a Southern exposure back yard.Located in the Fairview Knoll neighbourhood of Moncton East. This family friendly neighbourhood offers English and French schools, the extensive and recently renovated Fairview Knoll Park and public bus service the the CF Champlain shopping mall. The owners have moved away and the house is unoccupied. Contact me... 10/06/2018

"metro" Moncton  refers to three adjoining municipalities: the cities of Dieppe and Moncton and the Town of Riverview. Moving outward from that core of three municpalities is a surrounding band of unincorprated area: the "RURAL ROUTES". Next "OUTSIDE" includes many distinct communities such as Shediac, Sackville, Memramcook, Bouctouche, Salisbury, Saint-Antoine as well as unincorporated areas, local service districts, cottage country and camp country. When combined, all these areas are called "Greater Moncton" for the purposes of the HPI tool.You may learn more about the MLS® Home Price Index at the Canadian Home Price Index web site In 2014, for the second consecutive time KPMG ranked Moncton as the most cost competitive city in Canada. Find more about Moncton's key industries and sect... 06/07/2018

I could certainly offer my own 10 reasons why the greater Moncton area is a great place to live. Which I might do in a future post. In this post however I would like to praise Nathalie Rivard for her wonderful article of May 23rd posted in Trends & Insights on www.realtor.ca. I urge those who are considering a move to Moncton to real Nathalie's post:https://www.realtor.ca/TrendsInsights/PostPage/3578/1364/10-Reasons-to-Move-to-Moncton/ Even current or former Monctonians may enjoy her post. Perhaps some have their own reasons they would like to offer? feel free to comment. 05/28/2018

Looking back to last year, my pie chart illustrates that one level and two or more storey detached homes were the most popular choices in housing styles reported sold on the "metro" Moncton area (the adjoining municipalities of Dieppe, Moncton, & Riverview). These two styles accounted for just over 50% of all freehold sales.As of the date of this post, comparing the pie chart below representing current active listings of the same housing styles, it reveals an over supply of two or more storey homes on the market. This demand versus supply situation leads one to believe that this segement of the current market definitely favors the Buyer seeking a two storey home.    05/07/2018

OPEN HOUSE SUNDAYAPRIL 22 / 2-4 PMIs it ime to move up to a larger or perhaps newer home? Here's a lot of house for the money!  *For a full description of this property, driving directions and neighbourhood demograhics including education, languages and occupations:CLICK HEREI hope to see you at the public Open House. 04/15/2018

Moncton, New Brunswick is a small but vibrant region with the lowest price for benchmark single family homes as represented in this Canadian infographic. You may learn more about the MLS® Home Price Index at the Canadian Home Price Index web site In 2014, for the second consecutive time KPMG ranked Moncton as the most cost competitive city in Canada. Find more about Moncton's key industries and sectors at monctonwins.caFeel free to email me for more information.  03/28/2018