Sales were up by 15% in August 2023 compared to the previous year
In the dynamic world of sales and real estate in the south-east region of New Brunswick, the numbers for August tell an intriguing story. Sales for the month of August surged impressively, marking a substantial increase of 15%. However, when viewed from a broader perspective, the year-to-date sales figures painted a different picture, showing a 15% decrease.
In a surprising turn of events, the real estate market in the south-east region of N.B. witnessed a remarkable surge in August 2023, particularly in the value of the volume of sales. This growth was nothing short of impressive, with a staggering increase of 38% compared to the same month in the previous year. The volume value catapulted from 98.7 million to an impressive 136 million, showcasing a significant uptick in economic activity within the market, and signifying a potentially promising trend for the region's real estate sector moving forward.
Turning our attention to property listings, the month of August saw a marginal decline of 1%. Yet, for the year as a whole, listings experienced a more significant dip, declining by 13%. The current total active listings stand at 1990, reflecting the evolving landscape of the real estate market.
Perhaps one of the most noteworthy developments in August was the list-to-sale ratio. It climbed to 83%, showing a remarkable upswing of 14 points compared to the same month in the previous year. This rise indicates a strengthening in the efficiency of real estate transactions, making it a prime time for both buyers and sellers to participate in the market.
These numbers underscore the need for a nuanced perspective when evaluating trends in the sales and real estate sectors. While August brought robust sales growth and an improved list-to-sale ratio, the year-on-year figures reveal a more challenging market environment with declining sales and listings. Navigating this ever-changing landscape requires a keen understanding of the intricacies of the real estate market.
Sales were down by 9% in March 2024 compared to the previous year. In March 2024, sales in the south-east region of New Brunswick experienced a noticeable decline, with a 9% decrease compared to the previous year. A total of 308 properties were sold
Moncton is reviewing its zoning rules in order to access millions in federal housing funding, a move that could allow four-unit buildings in any residential area. The city applied for $13.4 million over several years through the h
Kirby Burditt lives in a modest house on Saint John's west side that he has owned for 17 years, and he isn't looking forward to receiving this year's property tax bill, which is to be mailed out by the province today. "Any little extra really takes t
Sales were down by 9% in March 2024 compared to the previous year. In March 2024, sales in the south-east region of New Brunswick experienced a noticeable decline, with a 9% decrease compared to the previous year. A total of 308 properties were sold
Moncton is reviewing its zoning rules in order to access millions in federal housing funding, a move that could allow four-unit buildings in any residential area. The city applied for $13.4 million over several years through the h