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Ben Schmidt of http://www.benschmidt.tv a Fredericton NB and
Oromocto NB Real Estate Agent video blogs about the year 2010 This
is my attempt to cram in a review in under 2 minutes (hahaha it
took 3 minutes) that's gonna be tough....

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Ben Schmidt of http://www.benschmidt.tv a Fredericton NB and
Oromocto NB Real Estate Agent video blogs about the year 2010 This
is my attempt to cram in a review in under 2 minutes (hahaha it
took 3 minutes) that's gonna be tough. Listing - homes that Came on
the market place. Specific to Fredericton North and South. So this
is not Oromocto this is not surrounding areas. We saw an increase
in listings over the run in a year by about 7.5 %. In 2009 we have
roughly 1830 homes come on in the market place. 2010 we had about
1970 so right around 130 more homes and again an increase of 7.5
percent. This meant more to choose from as a buyer and it meant
more competition if you were a seller. So it was a tough year for
sellers. In terms of sales first 4 months we rocked it we were
doing much better than 2009. Houses were selling in 24 hours 48
hours or less. We are just moving and shaking. May it just tanked.
For the next four months nothing happened. I think it had to do
with mortgage rates to start the year we were record lows both 3.6%
and right around May is when they gone up to 4.4 percent. Bank of
Canada dropped that sales did pick up. I think the other reason why
it went kind of slow is the amount of attention that the canadian
real estate market as a whole was getting. Fredericton and Oromocto
is a much more insulated city compared to the rest of those big
market places.. Vancouver calgary etc.. I'll do a post why I think
that. So don't believe on a lot of media that you read see and hear
when you hear about the Canadian real estate market as it applies
to Fredericton it does not really apply. May June July August it
tanked. There is no sales happening. In the last 4 months were
pretty equal to the way they look at 2009. So we ended the year
terms of sales just last 2009 3.5 percent less homes sold which was
about 37 less homes which really wasn't a whole lot. So with the
end of the year pretty close to 2009. What that means overall
there's more l

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