2018 proved to be another great "rebound" year for real estate in SE New Brunswick. Here is a selection of statistics provided to us by the Greater Moncton Realtors du Grand Moncton real estate Board for 2018 vs 2017:
- sales dollar volume up 13%
- number of units sold up 6%
- ave. sale price of a single family home up 9.3% to $195,307 with a list to sell ratio of 64%
- ave sale price of a semi-detached home is up 1.4% to $163,988 with a whopping 89% list to sell ratio
Part of the increase in dollar value is from the fact we have seen an increase in the sale of homes between $300,000 and $700,000. I believe this is being driven by people from the Ontario and BC "cashing out" of those crazy markets and moving here to enjoy our celebrated East Coast Lifestyle and put some money in the bank as well.
The number of units sold between $300,000 and $700,000 in 2018 was up 42% to 302 sales.
We are also seeing a high demand for multi-residential properties and other similar investment properties. Again, our office is experiencing an increase in out of province buyers. If you have an investment property you wish to sell our commercial team has buyers for them.