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

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

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

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

Looking back on 2017 the number of detached sales reported rose slightly in 2017. The increased sales activity slightly advanced the average sale price. With an ample supply of listings, it's still a buyer's market. 01/03/2018

For the fourth consecutive month Moncton's benchmark price trends lower : And the trend is lower for the Moncton HPI:Attention Buyers: Lots of listings coming on the market. There will be some great buys!We are in the middle of the Spring real estate market. There are lots of properties on the market and some of the sellers are very motivated to sell. Potential buyers in this amarket would be wise to look at some of the offerings now.  05/04/2016

In the first month of 2016 reported sales of single family housing show a surprising rise in the HPI in comparison to one year ago: It will be interesting to see if this trend continues going into the busy Spring real estate market. The New Brunswick government just announced a doubling of the property transfer tax effective April 1. This and the rise in the Home Price Index may influence some first time buyers to purchase now rather than in the Spring.There are still some well priced offerings out there in the housing market; however they may not remain for long.If you are considering a home purchase this year you should be talking to a real estate professional now. In real estate, timing is important. If you are currently not represented by a real estate licensee I am available to hel... 02/04/2016

     In 2014, the most popular housing style purchased in Moncton was the detached two storey style, followed closely by the detached bungalow. The next most popular choice was the semi-detached two storey. These three styles accounted for two out of every three single family housing styles purchased in 2014.Note:  All housing styles shown below are freehold ownership. 12/23/2014

The number of sales reported thus far in the last quarter of 2013 is quite low as you can see from my graph below. It is certainly not because of a lack of housing from which to choose. There are many motivated sellers sitting on vacant Moncton properties. There are over one hundred existing properties that are unoccupied as well as another hundred new construction properties. Moncton homebuyers shgould take note, it's an opportunity to make a smart purchase.          12/03/2013

  Current activity in Moncton area residential housing market is almost identical to last year. However as my graph shows, active residential listings continue trending to record levels. On the surface it appears that Buyers have lots of listings from which to choose and Sellers have lots of competition for Buyer's attention. Typically this situation gives Buyers an advantage in the marketplace.  A savvy Buyer's agent, representing a Buyer in single agency, is best able to advise the Buyer client in this real estate market. 08/01/2013

In the "metro" Moncton area the three municipalities that share a border on the Petitcodiac River also share a Canada Day fireworks display. Each municipality has it's own celebrations in the afternoon including live entertainment. Then after dark people from far and wide gather along both sides of the Petitcodiac River to view the big fireworks show.   Moncton Dieppe Riverview Have a safe Canada Day! 06/30/2013

On June 17 Moncton City Council decided to, shall I say, put some skin in the game. The City of Moncton will soon purchase roughly 11 acres of land fronting on Main Street in the downtown core. City council selected the site as the best available location for a future downtown events centre. Now begins a process towards what could be a "game changer" for the City of Moncton. The future of Moncton's downtown is now pregnant with possibilities. And as well the Moncton real estate market.   The City of Moncton web site provides links to presentations, reports and videos about the proposed downtown centre.   The site is outlined in green below:    06/18/2013

  Below par is the kindest way to describe residential unit sales reported in May on the Moncton MLS System®. The number of properties reported sold is below the ten year average. So the year-to-date unit sales in Moncton-Dieppe-Riverview are still trending downward. With 1,442 active residential listings in the three municipalities as of May 31st, this trend is definitely not due to a lack of inventory. With single agency representation, metro Moncton area house buyers are in the driver's seat. 05/31/2013

When buying or selling real estate, knowledge is a powerful advantage.  More than mere information, real estate knowledge comprises facts, truths and principles of real estate. Let's face it, there is lots of information about real estate out there. In practice you can't have too much information about a property, its neighborhood and the local real estate market. It's an important principle to have accurate, complete and current information. Not all real estate information is current, factual or even truthful.         There is another facet about knowledge to consider and that is experience. Many acquire knowledge but frankly it takes time spent applying that knowledge to acquire experience. 05/05/2013

… you hire an amateur !   If you think it's expensive to engage a professional to do the job, wait until you engage an amateur.   There is no shortcut to becoming a professional. Amateurs start with some formal training. Then their journey from amateur to professional begins. Some acquire skills faster than others. Some never finish the journey. My point is that the above is relevant to real estate services and representing clients. In real estate, at the completion of your transaction, it may cost you no more to have hired a professional. Larry Estabrooks, licensed independent Agent, REALTOR®, since 1975   03/29/2013

  Sellers: Don’t Fool Around this Springin the Moncton Real Estate Market     Summer arrives in less than 90 days. Sellers have no time to fool around if they plan to sell their Moncton area dwelling this Spring. If a seller wastes time now, the odds are that their property will still be on the market in September.   Our current Moncton area real estate market is experiencing fewer buyers who are ready to purchase this Spring and more properties listed for sale than at this time last year.   Serious sellers need to have up-to-date comparable sales info and a smart pricing strategy.   The Spring 2013 metro Moncton real estate market will be more challenging than Spring 2012:   03/20/2013

  Spring is Time for Reality Pricing in Moncton Real Estate Market Spring arrives today along with 20 centimeters of snow for Southeast New Brunswick. Spring is the most active season in the metro Moncton area real estate market. To date in 2013 the number of residential properties reported sold has been below par while the number for sale is at an all time high. Faced with the reality of the current level of activity in the residential real estate market, I recommend that my seller clients set their listing price at an attractive level. I remind my seller clients they are under no obligation to entertain any offer less than the full listed price.   This pricing strategy will better position their listing in comparison to other sellers who may only be testing the Spring market. This Spr... 03/19/2013

  The busiest part of the 2013 relocation season is upon us. Some will be leaving the local housing market. Others will take up residence here.Personally I have more clients arriving than leaving this year. As the trend has been in the last few years, people from near and far are relocating to the Moncton area.Positive migration numbers in recent years have fueled the local housing market.The difference in 2013 is the number of active listings on the market. It's at an all time high for this time of year. Buyers have lots of properties from which to chooseMy buyer clients seek my expertise to assist them in finding the roses among the thorns. And I enjoy doing that.Larry Estabrooks, Agent   03/11/2013

  The Moncton area housing market continues to be balanced in favour of Buyers. there is a more than ample supply of housing from which to choose unit sales are lower than last year developers are more receptive to negotiating on new construction average sale prices are relatively unchanged in the last twelve months mortgage interest rates continue to be very attractive They key for savvy Buyers is distinguishing between sellers who are truly motivated to sell and sellers who are really just testing the market. Buyers relocating to Moncton from one on Canada's hot or warm real estate markets will be pleased with our local housing prices.My buyer clients appreciate full representation and no double agency. I’m a licensed independent real estate agent so I can represent you in single agen... 03/04/2013