This holiday season, let me take the opportunity to say, “Thank you”. The year is almost over and although you may be very busy this month, you’re probably spending some time thinking about what you’d like to accomplish in the coming year.
As you plan for 2018, it helps to look back at the past 12 months. It’s the same in real estate. Reviewing the market trends helps us make decisions for our future investments, so let me give you a brief update of what happened in the Fredericton market from January to November 2017.
A total of 2,316 houses changed hands from January to November, up four per cent compared to the same period last year. The total value of these sales is $400.92 million up five per cent compared to the same period last year.
The average price of houses sold in November 2017 was $192,629, higher by 1.26 per cent compared to November 2016.
In an extension of trends for 2017, average prices of homes in New Brunswick in 2018 are forecast to rise, which is more than the rate of consumer price inflation in the province, according to the Canadian Real Estate Association.
Whatever your goals and dreams are for 2018, I wish you all the best in achieving them. If any of those aspirations have to do with your home, give me a call. I may be able to help.
Warmest wishes to you and your family. I look forward to staying in touch in the New Year.
Wishing you a Merry Christmas and Happy holidays!