Residential sales recorded by the Real Estate Board
of the Fredericton Area Inc. numbered 72 units in December
2011. This stood 36 per cent below the record month of
December in 2010.
By comparison, sales in all of New Brunswick were
up three per cent compared to December
2010.
Sales priced from $150,000 to $250,000 in
Fredericton fell 33 per cent on a year-over-year basis in
December, while sales in the range from $250,000 to $350,000
fell 15 per cent. There were three sales in the price range
from $350,000 to $500,000 whereas there were none in December
2010.
Some 2,075 homes traded hands via the Board’s
MLS® System in 2011. This was just half of one per
cent below the annual figure from 2010.
The residential average price was $168,580 in
December 2011, jumping 18 per cent from a year earlier. The
average price for home sales in all of New Brunswick was
$153,089, up two per cent from December
2010.
The average price for all homes sold in 2011 was
$170,563, up three per cent from the annual figure in 2010.
The provincial annual average price was $160,545, an increase
of two per cent from 2010.
New listings numbered 168 units in December 2011.
This was down 21 per cent from an unprecedented level in
December 2010. There were 987 active residential listings on
the Board’s MLS® System at the end of December, a two per cent
increase from the end of December 2010.
There were 10.3 months of inventory at the end of
December 2011 on a seasonally adjusted basis, up from eight
months at the end of November. 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 value of all residential sales activity in
December 2011 amounted to $12.1 million, down 24 per cent from
year-ago levels. By comparison, the monthly dollar volume of
residential sales in New Brunswick rose 11 per cent from one
year earlier.
Sales of all property types numbered 85 units in
December, a decrease of 36 per cent on a year-over-year basis.
The combined value of all property sales totalled $13.5
million, down 21 per cent from December 2010
.
