Below is a snapshot of what happened in the Fredericton market in the first seven months of the year.
Fredericton home sales post second-best July on record
Residential sales recorded by the Real Estate Board of the Fredericton Area Inc. totaled 276 units in July 2019. While this was a decrease of 19.3% from the monthly record set in July 2018, it was still the second-best month of July ever in the region.
On a year-to-date basis, home sales totaled 1,565 units over the first seven months of the year, an increase of 18.7% from 2018. 2019 is currently trailing only 2007, and not by much, putting it in the running to be a record year for sales activity.
The average price of homes sold in July 2019 was $186,424, down 5.6% from July 2018.
The more comprehensive year-to-date average price was $192,222, up 1.9% from the first seven months of 2018.
September is typically a busy month for homeowners.
Kids go back to school. Work increases at many businesses as the fourth quarter looms. Major home renovation projects are in the midst of wrapping up, and smaller projects may be about to start!
If there’s anything I can do to help with questions, contractor referrals, advice, or information related to real estate, give me a call.
In fact, that’s the reason I stay in touch with you on a regular basis. I want to continually remind you that my services don’t end once I’ve helped you buy or sell a home. In the months and years in between transactions, I’m dedicated to helping you enjoy your home and understand your real estate options.
So, if you need help or advice, get in touch with me. That’s why I’m here!