Explore Fredericton, NB
By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
Comments 0
Why this endorsement? In a word - respect. I respect Phil's professional accomplishments in his lengthy real estate career. Knowning Phil for most of my own years real estate, I unequivocally endorse his professional real estate services. Licensed and active in real estate for over forty years. Over those many years of serving clients, Phil also volunteered to serve on his local real estate board as well as the provincial real estate association. Educated and mentored his employees as well as many of his real estate colleagues. Phil continues to provide excellence in service to his real estate clients.   Phil possesses a wealth of real estate knowledge to share and I hope he finds the inspiration and time to do some more blogging here on ActiveRain. http://activerain.com/philbooker http...
By Phil Booker
(Booker Realty)
Comments 10
Sizes: S · Medium · L · XL · X2 · X3 · O · Auto · Save Photo |  365 of 559  | | Show Details | Close There are many ways all of us can give back to our fellow man and our community. I joined our city running club about 20 years ago and now participate in a few races from the 5k to the ultra marathon each year. All the races are usually donating to some worthy cause and it feels good, especially after the race is over, to know that a great deal of the monies are going to a charity who needs help. Yesterday, I participated in a little 5k race locally and was very pleased to be part of the 285 other race/walkers helping to raise funds for the IWK. We all know it is heart lefting to see the amazing things the folks at IWK can do to make these little children recover. So when you see the nex...
By Phil Booker
(Booker Realty)
Comments 10
Wow! what a fantastic year we are having in the City of Fredericton. Listings are up in March 17% over last year @ 663 in total. Year over year listings are up 13% @ 1544. Again it looks very much like this growth is going to continue even in the face of substancial interest rate hikes. The market here in Fredericton is so strong that it is the #1 commodity that everyone wants to aquire. So vendors get your home on the market now and take advantage of this super active boom time. If we think listings are strong so far this year, wow, look at sales. This month sales have jumped 47% over last year for the month of March. Year over year sales are up a whopping 45%. This represents a total dollar volume of $36,666,334 for March sales and a year over year volume until March 31,2010 to $73,66...
By Phil Booker
(Booker Realty)
Comments 2
Phil Booker, Booker Realty, Real Estate Fredericton Oromocto CFB Gagetown Tweet,tweet; Oh, but it was so beautiful early this morning. There is something surreal about running in the last snowfall of the year---so refreshing! Don't you think?
By Phil Booker
(Booker Realty)
Comments 0
    Phil Booker, Booker Realty, Real Estate Fredericton Oromocto CFB Gagetown   Tweet, tweet; Oh, but it was so beautiful early this morning. There is something surreal about running in the last snow of the year---so refreshing! Don't you think?
By Phil Booker
(Booker Realty)
Comments 4
When a seller lists their home on the market it is natural for them to list for the highest possible price they can expect. Of course in the beginning of the listing the vendor and the real estate salesperson are quite optimistic of  their expectation of receiving the list price. Now, in a perfect, world one can only hope that this listing price is attainable. However, as time goes on and the market changes ever so slightly, maybe everyones expectations are remaining rather over confident in still trying to obtain the original listing price. As an example, say the property was listed on May1,2010 but 2 months goes by and the vendor finds himself missing selling his home in the hot Spring season and now he is facing the very busy summer season when most families go to the cottage or on a...
By Phil Booker
(Booker Realty)
Comments 0
Spring has really sprung. Real estate listings are up a wooping 10%, year over year. This is up from 1% last month. A healthy inventory like this assures the market will stay lever without great expectations of fearing inflation. Which means that sales can bounce along with a healthy increase without creating a steep price escalation. This trend looks like it will continue into March and April at least. Wow, what a year we are having already. Speaking of sales would you believe they are beating January's wooping increase of 39% over last year to a 42% year over year for February. Ironically, the expectation is that this looks like it will continue from now until at least June. Sales in the Fredericton/Oromocto area have been running at an all time high now for 10 years with no abating i...
By Phil Booker
(Booker Realty)
Comments 0
This fantastic winter with very little snow helped us get off to an amazing start for January 2010. Our listings are only down -1% for month of January. I expect that the listings will stay quite consistant throughout the first half of this year and remain around the 1% to 10% increase. This should bode well in us maintaining a prosperity market, it least in the first 6 months. Sales are skyrocketing to an unprecedenting 41% in the first month of 2010. Wow, we never had it so good. Ironically, there seems to be no slowing down. It appears that sales will continue to remain at the 30%-40% mark throughout the first half of this year. Buyers as listings get scarcer properties will become more expensive so bounce into Spring and buy now before the price start escalating. So vendors now is t...
Predicting real estate listings, unit sales, and dollar volume in any economy is difficult at best. However, it is possible to a degree, depending on how well you have studied your market area over a reasonable amount of years. Of course none of us wish to be wrong or appear to not know what we are talking about. Well, that just happens to be the Dark Hole we enter when we take the risk of predicting anything. The important thing is that it doen't matter whether you are right or wrong but what you can share with others and what you can take away from the experience. So lets review the results of my predictions for 2009 and have a peek at my ----PREDICTIONS FOR 2010.   (1) Employment will remain strong in Fredericton throughout 2009?----Yes, I was right and I take from this that I can pr...
By Phil Booker
(Booker Realty)
Comments 0
December was quite typical of the past several Decembers. Listings dipped -4% and finished year over year at -6% which has been the norm this past few years. December sales where also quite typical  as to the Decembers in the past. Units sales are only down -1% and Dollar volume was also down a -1% for the month. However, it is enlightening to see dollar volume year over year is up +4% to $368,200,000 from $356,367,000 in 2008. To keep our production in perspective it is prudent to understand that our 2009 sales of $368,200,000 is exactly -10% reduction of our sales of $378,000,000 in 2007. The good news is that even if we drpped to $300,000,000 per year in the Fredericton area we would still be experiencing a fantastic real estate market. Our industry has been good to us during this ve...
By Phil Booker
(Booker Realty)
Comments 2
November definitely had some very attractive results from what we usually expect this time of year. The stablization of our economy is reflected in our real estate production. Listings have stopped the -17% freefall decline and only posted a -3% for the month of November. Hopefully, this trend will continue in December. Interesting that our decline in listings is still quite consistant year over year at -6% for November. I expect we will finish the year at an average loss of listing production in the -7% or -8% which is better than the -10% I predicted at the first of the Year. November sales is another heartening story. If you look at November production for 2008 you will see that we are up a whopping 36% in volume sales. As attractive as this appears it is really only up .6% over 2007...
By Phil Booker
(Booker Realty)
Comments 0
October posted a negative -18% in listing production for the month of October. This follows a-17% in listing production in the month of September. As bad as this looks it will help correct the overall reduction in sales per month. Thus, keeping the listings to sales ratio relatively at  the same spread so we might be able to stay in a prosperity market ( where there as many homes for sale as there are buyers for those homes ) which  will help ward off a buyers market. As much as this consistant lose of listings for September and October looks scary it really only amounts to a -7% listing reduction year over year. Because this trend will continue for the rest of the year we will see about a -10% year to year reduction of both listings and sales. This prediction is contrary to this weeks ...
WELL FOLKS, SEPTEMBER IS UPON US AND THE CRACKS IN OUR PRODUCTION FOR 2009 ARE STARTING TO SHOW. BOTH IN LISTING PRODUCTION AND SALE PRODUCTION. LISTINGS POSTED A -17% REDUCTION FOR SEPTEMBER WHICH WIPES OUT OUR BEAUTIFUL INCREASE 16% IN AUGUST. BUT AGAIN, WE STILL SHOW A VERY CONSISTANT -4% YEAR OVER YEAR REDUCTION FROM LAST YEAR. LOOK FOR A GOOD OCTOBER LISTING FRENZY AND I BELIEVE A CONSISTANT -9% YEAR OVER YEAR BY DECEMBER END. OUR SALES ON THE OTHER HAND WILL HAVE A MAJOR NEGATIVE CORRECTION IN THE LAST QUARTER OF THIS YEAR. POSSIBLY IN THE -10% TO -15% YEAR OVER YEAR. THIS SAID, SEPTEMBER SURELY ISN'T TOO BAD YET, POSTING A SMALL UNIT REDUCTION OF -9% FOR SEPTEMBER AND A POSITIVE DOLLAR VOLUME OF 1% YEAR OVER YEAR. ACTUALLY, OCTOBER IS NOT LOOKING THAT BAD EITHER AND IT IS EXPECTE...
By Phil Booker
(Booker Realty)
Comments 0
SURPRISE, SURPRISE! LISTINGS FOR AUGUST HAVE REDUCED A -16% DEFICIT IN JULY TO 0% IN AUGUST. THIS IS AN INDICATION THAT SALES FOR THIS FALL SHOULD BE QUITE STRONG. HOWEVER, MY GUESS IS THAT A STRONG LISTING MONTH  OF AUGUST SHOULD BE SHOWING A STRONG CORRECTION IN SEPTEMBER. WE WILL SEE. NEVER THE LESS, OUR YEAR OVER YEAR STATS SHOW A CONSISTANT -4%. NEXT MONTH IT SHOULD BE ABOUT THE SAME. OUR CURRENT LISTING PORTFOLIO IS STILL 2464 ACTIVE LISTINGS. THIS IS VERY CONSISTANT WITH PREVIOUS YEARS. OUR SALES UNITS FOR AUGUST DID IN FACT HAVE THE EXPECTED FALL OF -9% FOR AUGUST TO MAKE UP FOR OUR FANTASTIC MONTH OF JULY. THAT'S OKAY AS SALE UNITS YEAR OVER YEAR ARE CONSISTANTLY AT -4%. AGAIN, THE MONTH OF AUGUST IS DOWN -9% IN DOLLAR VOLUME AS EXPECTED. HOWEVER, THE YEAR OVER YEAR VOLUME IS U...
By Phil Booker
(Booker Realty)
Comments 0
Wow! What a fantastic month of July. I Believe the cool weather did us a favour by keeping our consumer buying real estate rather than going to the cottage every weekend. So for that maybe rain is  good for something other than watering the flowers? Imagine, 5 days of sunshine in the whole month of July. It never happened before in my lifetime. Enough!!! July listings are down 16% which hauls the year to year listings down to -5%. This is very consistant with years past. So no big surprises there. However, sales are quite another thing. Unit sales for the month of July have posted a 15% increase over last year. This gives us a year to year total sales to date just down -3%. That's not bad at all. Dollar volume for July is up 25% over last year. Fantastic! So our year over year productio...
By Phil Booker
(Booker Realty)
Comments 3
As we expected the month of June has also posted a -3% drop in listing activity, as did May. This will stay quite consistant with last years listing portfolio throughout the rest of this year. No suprises there. However, we are blown away by the fantastic June production of unit sales which increased from May's -13% to only a -7% in June.The dollar volume did even better increasing from May's -7% to June's +0% for year over year from 2008. This is spectacular in a market that has been increasing consistantly for the past 10 years with no letup in sight. It's fair to say we have a very special city here and a lot of people are recognizing the value of living in a clean, safe and beautiful environment where housing prices are consistantly far below the North American price trend. The youn...
By Phil Booker
(Booker Realty)
Comments 0
As we continue into Summer and our typical booming sales season things just keep getting better and better! Wow, we are sooo lucky in Fredericton, the city of Stately Elms. What a real estate haven! Now for the facts. Our listings are averaging only a -3% drop and have been quite consistantly throughout the year. We should expect the same average drop for the rest of the year. Sales in units has increased year over year from a -15% in April to a -13% for May. This should improve more as we move into June. Our dollar volume of sales has improved substantially year over year from -12% in April to only a -7% in May. That is almost a 50% increase in sales from month to month. The activity now is unprecedented in a global market now in a recession. The real irony is that June even expects to...
By Phil Booker
(Booker Realty)
Comments 0
Well, well, well things are improving as we see the Spring sales getting ever so gradually better and better. This is so typical of the Fredericton Market where each month from January to June we see gradual improvement quite consistantly year after year. We can readily see that April sales volume has improved from a -16% in March to a -12% in April. Unit sales have increased from a -20% in March to a -15% in April. Listings are holding constant at a -3% month to month. This represents a very gradual slowing of our market so that it is not visable to the average consumer. In fact the decrease in our market is so subliminal that the unit price in Fredericton is still going up as the buyer here believes we are in a prosperity market. Again, I believe this gradual increase in production wi...
   After 40 years in the real estate business I think I am in a position to share some of my beliefs as to what might happen in the Fredericton real estate market for 2009. As you can appreciate this is extremely subjective so I am even more excited to visit with you again on December 31,2009, just to see how we did. As I reflect on 2005. 2006, and 2007 it dumbfounds me to see the continued increase in gross yearly sales, year after year, when each year we waited for a free fall in both unit price and yearly dollar volume.    Well, good things must come to an end as we see the market slowing and a slight 7% decrease in dollar volume for 2008. The good news is that Fredericton is a real estate haven where real estate sales go up very gradual and down very gradual. Thus for the most part ...
By The Team at EXIT Realty
(EXIT Realty Corp. International)
Comments 0
Since 2004, EXIT Realty Corp. International has been the proud Corporate Sponsor of ten home builds for Habitat for Humanity.  One of the most recent is concluding in Fredericton, New Brunswick and EXIT Realty's Habitat for Humanity liaison, Christine Ireborg, visited the building site.  "EXIT Realty couldn't be a prouder sponsor of Habitat for Humanity," Ireborg said.  "We wanted to identify with an organization that shares our values and philosophies; an organization based on giving back, transforming lives by providing new homes and a higher standard of living to individuals in the local communities." During her visit, Ireborg interviewed Deanne Boudreau, the proud recipient of this home.  "We'll be moving in with our four children. It was like winning the lottery," Boudreau exclaim...

Fredericton, NB Real Estate Professionals