market trends interest rates: ADJUST LISTING PRICE TO REFLECT MARKET FLUXUATIONS - 03/23/10 10:22 PM
When a seller lists their home on the market it is natural for them to list for the highest possible price they can expect. Of course in the beginning of the listing the vendor and the real estate salesperson are quite optimistic of  their expectation of receiving the list price. Now, in a perfect, world one can only hope that this listing price is attainable.
However, as time goes on and the market changes ever so slightly, maybe everyones expectations are remaining rather over confident in still trying to obtain the original listing price. As an example, say the property was … (4 comments)

market trends interest rates: 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 trends interest rates: FREDERICTON REAL ESTATE REPORT FOR MONTH OF DECEMBER 2009 - 01/03/10 03:07 PM
December was quite typical of the past several Decembers. Listings dipped -4% and finished year over year at -6% which has been the norm this past few years.
December sales where also quite typical  as to the Decembers in the past. Units sales are only down -1% and Dollar volume was also down a -1% for the month. However, it is enlightening to see dollar volume year over year is up +4% to $368,200,000 from $356,367,000 in 2008. To keep our production in perspective it is prudent to understand that our 2009 sales of $368,200,000 is exactly -10% reduction of our sales of $378,000,000 … (0 comments)

market trends interest rates: 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 trends interest rates: FREDERICTON REAL ESTATE MARKET REPORT FOR MONTH OF AUGUST 2009 - 10/21/09 08:18 PM
SURPRISE, SURPRISE! LISTINGS FOR AUGUST HAVE REDUCED A -16% DEFICIT IN JULY TO 0% IN AUGUST. THIS IS AN INDICATION THAT SALES FOR THIS FALL SHOULD BE QUITE STRONG. HOWEVER, MY GUESS IS THAT A STRONG LISTING MONTH  OF AUGUST SHOULD BE SHOWING A STRONG CORRECTION IN SEPTEMBER. WE WILL SEE. NEVER THE LESS, OUR YEAR OVER YEAR STATS SHOW A CONSISTANT -4%. NEXT MONTH IT SHOULD BE ABOUT THE SAME. OUR CURRENT LISTING PORTFOLIO IS STILL 2464 ACTIVE LISTINGS. THIS IS VERY CONSISTANT WITH PREVIOUS YEARS.
OUR SALES UNITS FOR AUGUST DID IN FACT HAVE THE EXPECTED FALL OF -9% … (0 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

Mobile: (506) 292-6726

Office: (506) 206-7500

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