market analysis: FREDERICTON REAL ESTATE REPORT FOR THE MONTH OF MARCH - 04/01/10 03:48 PM
Wow! what a fantastic year we are having in the City of Fredericton. Listings are up in March 17% over last year @ 663 in total. Year over year listings are up 13% @ 1544. Again it looks very much like this growth is going to continue even in the face of substancial interest rate hikes. The market here in Fredericton is so strong that it is the #1 commodity that everyone wants to aquire. So vendors get your home on the market now and take advantage of this super active boom time.
If we think listings are strong so far this … (10 comments)

market analysis: FREDERICTON REAL ESTATE REPORT FOR MONTH OF FEBRUARY - 03/23/10 04:45 PM
Spring has really sprung. Real estate listings are up a wooping 10%, year over year. This is up from 1% last month. A healthy inventory like this assures the market will stay lever without great expectations of fearing inflation. Which means that sales can bounce along with a healthy increase without creating a steep price escalation. This trend looks like it will continue into March and April at least. Wow, what a year we are having already.
Speaking of sales would you believe they are beating January's wooping increase of 39% over last year to a 42% year over year for … (0 comments)

market analysis: RESULTS OF PREDICTIONS FOR YEAR 2009 IN FREDERICTON, N.B. AND PREDICTIONS FOR 2010 - 01/03/10 07:56 PM
Predicting real estate listings, unit sales, and dollar volume in any economy is difficult at best. However, it is possible to a degree, depending on how well you have studied your market area over a reasonable amount of years. Of course none of us wish to be wrong or appear to not know what we are talking about. Well, that just happens to be the Dark Hole we enter when we take the risk of predicting anything.
The important thing is that it doen't matter whether you are right or wrong but what you can share with others and what you can take … (4 comments)

market analysis: FREDERICTON REAL ESTATE REPORT FOR MONTH OF NOVEMBER 2009 - 12/16/09 06:30 AM
November definitely had some very attractive results from what we usually expect this time of year. The stablization of our economy is reflected in our real estate production. Listings have stopped the -17% freefall decline and only posted a -3% for the month of November. Hopefully, this trend will continue in December. Interesting that our decline in listings is still quite consistant year over year at -6% for November. I expect we will finish the year at an average loss of listing production in the -7% or -8% which is better than the -10% I predicted at the first of the Year.
November sales … (2 comments)

market analysis: FREDERICTON REAL ESTATE MARKET ACTIVITY FOR JUNE 2009 - 07/16/09 05:43 AM
As we expected the month of June has also posted a -3% drop in listing activity, as did May. This will stay quite consistant with last years listing portfolio throughout the rest of this year. No suprises there.
However, we are blown away by the fantastic June production of unit sales which increased from May's -13% to only a -7% in June.The dollar volume did even better increasing from May's -7% to June's +0% for year over year from 2008. This is spectacular in a market that has been increasing consistantly for the past 10 years with no letup in sight. It's fair … (3 comments)

 
Phil Booker (Booker Realty)

Phil Booker

Fredericton, NB

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Booker Realty

Address: 461 St. Mary's Street, Fredericton, 307 King's College Rd. , Fredericton, N.B., E3B 2E6

Office: (506) 206-7500

Mobile: (506) 292-6726

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