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Moncton, NB Real Estate News

By Matt Estabrooks
Welcome to my neighbourhood, the Lewisville area of Moncton. Lewisville was a village with it's own mayor and council until it was amalgamated into Moncton in the sixties. In the early days it was known as Creek Village. I've lived in the Valleyview Subdivision in Lewisville for over six years. The houses in Lewisville range in ages from very old to newly constructed, and there is still lots of room for new homes. The residents are a mixture of Anglophones and Francophones. The neighbourhood offers elementary schools in either official language. The Lewisville area offers quick and easy access to Trans Canada Highway, the Irishtown Nature Park, the Caledonia Industrial Park, the Université de Moncton, Downtown Moncton and the Champlain Place shopping area. Matthew Estabrooks is a licen...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
The Multicultural Association of the Greater Moncton Area (MAGMA) is celebrating its third edition of the Multicultural Rendez-Vous Festival. The festival will run from June 28th untill July 1st, 2007 in Moncton, Riverview and Dieppe.The Multicultural Festival Rendez-Vous 2007highlight event will be an outdoor concert in downtown Moncton with eight eight different acts.  One of the new events that MAGMA introduces to this years program is a World Market Day. On June 30th, Oak Lane Park in Downtown Moncton will be transformed into a World Market with vendors from all over. The World Market Day will provide local artisans with an opportunity to sell any crafts jewelry, carvings, and clothing in an outdoor festival setting. Where: Oak Lane Park, Main Street, MonctonWhen: June 30th, 2007, 2...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
Right after the motorcycles of Atlanticade move on, downtown Moncton will host an International Water Association Specialists Conference focusing on wastewater biosolids.Organized by the Greater Moncton Sewage Commission, the Canadian Association on Water Quality and the Université de Moncton, the four day conference will bring leading experts to Moncton from around the world.Conference Chair Ronald J. LeBlanc writes in the conference program - "While the conference programme is a serious issue, Atlantic Canadians have a reputation for being good hosts. The Organizing Committee is committed to making sure that our delegates and their guests enjoy their visit and have some fun while attending the Moncton conference."Moncton hosts some great conferences.
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
Greater Moncton's first annual motorcycle festival, Atlanticade, kicked off this week.Activities include an meet 'n' greet with a comedian and a band, cruises, demo rides, a poker run, a pool tournament, Legion breakfast, downtown Moncton street party with live entertainment, support our troops rally, treasure hunt, show 'n' shine, motorcycle apparel fashion show, motorcycle stunt show, a Newfoundland night, a veteran's honor parade and last but not least a Parlee Beach party on Sunday afternoon.Here are some pictures. it would be nice if the showers would stop before the street party really gets going tonight.
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
Welcome to my neighbourhood, the Fairview Knoll area of Moncton, in which most people include the Sunny Acres subdivision. My wife and I have lived in the neighbourhood for over twenty years, I know it well. The houses range in age from around thirty years to newly constructed, and there is still some room for new homes. The residents are a mixture of Anglophones and Francophones The neighbourhood offers two elementary schools in either language as well as a Francophone high school. The Anglophone high school students are bussed to Moncton High School, located downtown. The Fairview Knoll neighbourhood offers quick and easy access to Trans Canada Highway, the Irishtown Nature Park, the Caledonia Industrial Park, the Université de Moncton, Downtown Moncton and the Champlain Place shoppi...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
Moncton homes compare favourably in price within Atlantic Canada. And you get a lot of home for the money. Robust economic activity has not yet overheated prices for Moncton homes. Prices for municipal serviced building lots are also attractive in Moncton, Riverview and Dieppe. 2006 year end average residential MLS® sale prices for: Fredericton 130,403 Halifax - Dartmouth 211,682 Moncton 121,429 Saint John 120,971 Newfoundland (all areas) 139,542 PEI (all areas) 125,430 (source CREA)  If you're considering investing in a home anywhere in the Moncton area, start here: www.MonctonHomes.info   Larry Estabrooks is an independent real estate agent in Moncton, New Brunswick, Canada www.LarryEstabrooks.com - My personal home page- www.MonctonLand.info - If it's just building lots or acreages,...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
Moncton, the second largest city in New Brunswick with well over 60,000 residents, is located in the easternmost corner of the Province in Westmorland County. Moncton's unofficial nickname is the Hub City, likely for two reasons. First because it was formerly a railroad hub, headquarters of the Intercolonial Railway and secondly because of its location at the geographic center of the three Maritime Provinces. All highway traffic between New England as well as the rest of Canada West of New Brunswick and the three other Atlantic Provinces East of New Brunswick passes by Moncton on the Trans Canada Highway. (However there are three auto ferries that cross the Bay of Fundy to Nova Scotia, one from Saint John, New Brunswick to Digby, Nova Scotia, one from Bar Harbour, Maine to Yarmouth, No...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
How to Buy Moncton Homes by Larry Estabrooks, Agent, REALTOR® The secret of buying the right home at the right price is having your very own Agent on your side. If you're in the market to buy a home in the Moncton area, I invite you to learn about my credentials and professional services as an independent Buyer's Agent. Visit my web site at: www.LarryEstabrooks.com to learn about Undivided Loyalty versus Double Agents. Larry Estabrooks, Agent, REALTOR® 506-856-0202 / larry@LarryEstabrooks.com Search ALL Moncton area homes listed on MLS® in a new window by clicking here: > Be very careful giving out information if you call or email the Seller's Agent or their salesperson. All the salespeople and their employers are working for their respective Sellers as Seller's Agent. They have promise...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
In May, the City of Moncton issued 163 building permits valued at $17,243,000. This represents the highest value of building permits ever issued for the month of May.  Building permits value year to date is up 39 per cent over 2006. Although the residential sector is off slightly from last year, the other sectors have risen significantly. In the past, the residential sector almost always recorded a strong increase in the year following a banner commercial and industrial construction year. Building Permits Approved - City of Moncton    Residential Construction     May Year-to-date   2007 2006   2007 2006   Permits 110 99 +11.1% 245 237 +3.4% Units 76 95 -20.0% 213 215 -0.9% $ Value * $6,944 $8,713 -20.3% $19,442 $20,286 -4.2%               Institutional & Government Construction     May...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
This is a single family residential report.City of Moncton home sales up 7.4 % year to end of May.Year to date unit sales are up in all areas of the city.The increased # of new listings YTD equal the increased # of sales.The sales to listings ratio climbs slightly.The twelve month average sale price advanced in all areas except Moncton North.For more Moncton Real Estate contact me at LarryEstabrooks.com.May 2007 ListingsSalesSales/Listings Ratio %$ Average Sale PriceAreaMonthYTDMonthYTDMonthYTDMonth12 MonthMC41200271126656129,474128,779ME3713117814662140,876159,179MN45168371038261190,517173,940MW42161615076237,750168,416TOTAL127520873126860May 2006MC5216624994660137,175122,661ME3311618665557149,128150,190MN4517941989155175,716175,900MW723111415761127,409121,903TOTAL135484942776957(I cau...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
This is a single family residential report (MLS®) The year is off to another record start in the City of Moncton Unit sales in up 22% overall in the city. The sales to listings ratio climbs above last year's level. The twelve month average sale price advanced in all areas except Moncton North. For more Moncton Real Estate contact me at LarryEstabrooks.com. April 2007   Listings Sales Sales/Listings Ratio % $ Average Sale Price Area Month YTD Month YTD Month YTD Month 12 Month MC 52 159 22 85 42 53 146,486 129,471 ME 27 94 18 64 67 68 157,625 159,907 MN 35 123 21 66 60 54 161,869 171,678 MW 7 17 4 10 57 59 147,969 138,516 TOTAL 121 393 65 225 53 57 April 2006 MC 26 114 16 75 62 66 141,025 121,952 ME 13 83 14 48 108 58 175,875 149,455 MN 44 134 14 57 32 43 186,257 175,837 MW 5 16 0 3   19...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
In the first quarter of 2007, in the City of Moncton, residential units and total permit values are up from last year. Will this be another good year for residential construction in the city? Well, the current inventory of unsold new construction may have an influence on what may transpire. There are currently 167 detached, semi-detached and freehold townhouses for sale on MLS®. Of these, at least 20 are yet under construction. That still leaves over 140. Of these, 3 were listed in 2005 and 93 were listed in 2006. So there seem to be a fair amount of unsold inventory. Year to date, 72 new construction properties were sold on MLS®. Find more at LarryEstabrooks.com      
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
This is the residential report.The year is off to a positive start in the city of Moncton as the sales to listings ratio climbs above last year's level.The twelve month average sale price is virtually unchanged in Moncton North and advancing in Moncton East and Moncton Center.So far, new listings are the same as last year. For more Moncton Real Estate contact me at LarryEstabrooks.com. March 2007   Listings Sales Sales/Listings Ratio % $ Average Sale Price Area Month YTD Month YTD Month YTD Month YTD 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 48 219,338 173,8...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
On the first weekend of Summer 2007 the Moncton area will play host to motorcycle enthusiasts from Atlantic Canada and beyond. The name Atlanticade is unique, combining elements of word motorcade (which usually includes motorcycles) and Atlantic, as in Atlantic Canada, our region. The Moncton area's reputation for outstanding hospitality should help to make this inaugural event a success. Atlanticade is open to all makes and models. For more information, visit the web site Atlanticade.ca.
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
a professional who is able to consider the data behind the numbers and provide comment. I'll use the chart below to make this point. It would seem, based on 28 sales year to date that there is a significant decline of the average sale price  in Moncton East. Has a housing price bubble burst in Moncton East? It's just not so. If you look at 2006 you'll see the same thing occurred. The reality is that a larger than normal number of lower priced, older homes were sold in February. One for as little as $60,000!             As for the City of Moncton in general?  Sales are up. Sales to listing ratio is strong. Average sale price is up slightly. It's another good start to what should be another good year. There is a lot to be said in favour of stable, manageable growth. It doesn't create a lo...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
Right up front I'll admit to blatant self promotion with me in the picture. This is my front yard in Moncton, New Brunswick, Canada. All plants on the curb side of the fence, which is actually part of the street, are drought resistant perennials. And all are hardy in my 4a zone. Once established, they require no watering, fertilizer or pesticides. And surprisingly very little weeding. In fact some of them are very aggressive. Artemesia, sedum, paeonia, aster, dianthus, hemerocallis, thyme and coreopsis are just a few of the species growing in my xeriscaped front yard.What has all this to do with real estate? More and more of today's home buyers and home owners are more environmentally conscious and desire a pesticide free home enviroment. The City of Moncton promotes a green, pesticide ...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
An agreement between Atlantic Education International Inc., an affiliate of the New Brunswick Department of Education, and the Office of Chinese Language Council International-Hanban, will see the establishment of a Confucius Institute in Moncton, New Brunswick. The full story and multimedia clip is here:http://www.gnb.ca/cnb/news/edu/2007e0145ed.htm Objectives of the Confucius Institute of New Brunswick Chinese Language Teaching: To promote and deliver teaching of Chinese in Eastern Canada to citizens, business persons and other students at appropriate levels. To develop programs in Eastern Canada for training teachers of Chinese in collaboration with the Chinese partner institution. To act as a service centre for instructors in Eastern Canada teaching Chinese in public and private sec...
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
One of the great events that take place in the Moncton area each year is the Atlantic Nationals Outdoor Automotive Extravaganza. As their web site says "4 fun filled days of cars, outdoor attractions, live entertainment, vendors, and cruising; all in one of the most picturesque venues you will ever see!" There are many things that add to the quality of life in a community and this event is one of them. Main Street is closed to traffic and filled with vistors and residents of all ages enjoying a stroll through the downtown. This year it takes place July 12-15.
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
It's been almost a year since Continental Airlines began a daily direct flight between the Moncton Airport (YQM) and Newark, NJ. Not only does this offer Moncton area residents a direct connection to a major US hub, but the potential for tourism and sales of recreational properties is huge. After a 2 hour flight from Newark, the warm, sandy beaches of the Northumberland Strait are a mere 20 minutes drive from the Moncton Airport. Contact me for information on recreational properties and pricing.
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By Larry Estabrooks, 100% representation means NEVER DUAL AGENCY !
(Independent Real Estate Agent)
In 2006, residential sales were down slightly in the City of Moncton. Sales were lower in all areas with the exception of Moncton North. Moncton North continues to record the highest average sales price while the average sale price in the the center of the city has dropped from 2005. The average sale price in Moncton east has remained stable while Moncton West recorded the largest year over year increase of any area. The sales to listing ratio dropped in all areas in 2006. While still a healthy ratio, it indicates a move towards a more balanced market. from the Greater Moncton Real Estate Board MLS ® Statistic Report Residential(single family) December 2006 for Moncton   2006 2005 Listings Sales Sales/Listings Ratio Average Sale Price Listings Sales Sales/Listings Ratio Average Sale Pri...
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