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The
home sales market in New Brunswick edged up three per cent in
December 2011 from the same levels in December 2010. There
were 329 residential properties sold through the MLS® Systems
of the real estate boards in New Brunswick in December 2011.
At the national level, sales were up five per cent compared to
December 2010.
Annual
sales totaled 6,599 units in 2011. This was down just 1.5 per
cent from the 2010 annual sales figure. National sales
activity was up two per cent compared to 2010.
MLS®
Sales activity was up in Moncton (+43 per cent) and Northern
New Brunswick (+39 per cent) on a year-over-year basis in
December, while Saint John (-4 per cent) and Fredericton (-36
per cent) recorded declines.
The
average price for homes sold in New Brunswick in December 2011
was $153,089 – up seven per cent on a year-over-year basis.
The national average price edged up one per cent from year-ago
levels to $347,801 in December.
The
provincial average price for all home sales in 2011 was
$160,545, up two per cent from the annual average price in
2010. The national annual average price was $363,346, rising
seven per cent from 2010.
There
were 541 new residential listings added to the MLS® Systems of
the real estate boards in December 2011, down two per cent
from the same month one year ago.
The
overall supply of homes on the market remains at elevated
levels, but has shown signs of plateauing. There were 4,130
active residential listings on the MLS® Systems of real estate
boards in New Brunswick at the end of December 2011, up four
per cent from levels at the end of December 2010.
There
were 10.3 months of residential inventory at the end of
December on a seasonally adjusted basis, up from 10.1 months
at the end of November 2011. The number of residential
inventory is the number of months it would take to sell
current inventories at the current rate of sales
activity.
|
New
Brunswick
December
2011 |
Residential
Dollar Volume |
Total
Dollar Volume |
Residential
Sales |
Residential
Average Price |
|
Fredericton |
$12,1337,7520 |
$13,450,850 |
72 |
$168,580 |
|
Moncton |
$19,993,816 |
$21,670,516 |
127 |
$157,432 |
|
Northern
NB |
$5,857,444 |
$6,465,944 |
54 |
$108,471 |
|
Saint
John |
$12,377,300 |
$15,142,800 |
76 |
$162,859 |
|
Provincial |
$50,366,310 |
$56,730,110 |
329 |
$153,089 |
|
New
Brunswick
2011 |
Residential
Dollar Volume |
Total
Dollar Volume |
Residential
Sales |
Residential
Average Price |
|
Fredericton |
$353,918,138 |
$378,135,834 |
2,075 |
$170,563 |
|
Moncton |
$391,168,902 |
$415,441,914 |
2,467 |
$158,561 |
|
Northern
NB |
$46,555,430 |
$51,756,909 |
485 |
$95,991 |
|
Saint
John |
$267,795,733 |
$298,374,115 |
1,572 |
$170,354 |
|
Provincial |
$1,059,438,203 |
$1,143,708,772 |
6,599 |
$160,545 |
The New Brunswick Real Estate Association
represents over 1,000 agents, salespeople and affiliate
members throughout the province. NBREA serves its members
through a wide variety of educational programs, publications
and special services. The association also provides all real
estate licensing courses in the province and co-regulates the
industry with the Department of Justice. REALTOR® is a
trademark, which identifies real estate professionals who are
members of the Canadian Real Estate Association and, as such,
subscribe to a high standard of professional service and to a
strict code of ethics.
Important
information
Please note the statistics quoted in this
report do not include those of the Valley Real Estae Board in
northeastern New Brunswick. The average price information
quoted can be useful in establishing trends over time, but
does not indicate actual prices in centres comprised of widely
divergent neighbourhoods, or account for price differentials
between geographical areas.
For additional
information, please contact:
Erika
Smith
Communications Coordinator
New Brunswick Real
Estate Association
22 Durell Street, Unit 1
Fredericton,
N.B. E3C 1N8
Telephone: 506-459-8055
Fax:
506-459-8057
E-mail: esmith@nbrea.ca
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