COVID-19 is affecting residence gross sales, listings in Larger Moncton, Says Dealer Group – New Brunswick

A sharp drop in home sales and new listings in Greater Moncton amid the COVID-19 pandemic this spring has created a real estate market for sellers, according to the Greater Moncton Realtors Group.

Parise Cormier, president of the Greater Moncton Realtors Group, said people are getting into bidding wars for houses for sale in the city because there are so few on the market right now.

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Cormier said that during the height of the pandemic, the province would only allow brokers to broker essential sales, meaning “people who sold a house that had to move or people who were moved here”.

Cormier said only 139 units were sold in April, a 47 percent decrease from a year earlier.

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New entries fell by almost 62 percent, and the number of apartments listed on the market is currently at its lowest level in 15 years.

Al LeClair from Dieppe said it was definitely a “seller’s market”. He said he didn’t even have time to put a property sign on his lawn before his home was sold.

“It was just kind of a Facebook preview and then people saw it and wanted to come in and they made an offer, so it was sold before it was even listed,” Leclair said.

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The total price of a home was nearly $ 198,000 in April, an increase of about nine percent over 2019, according to Cormier. The comparative price for a town house in the city rose by 14.4 percent compared to the previous year.

With the province moving into the yellow phase of its COVID-19 restrictions, Cormier said realtors can now list homes and sell to anyone. However, she said they still have to follow strict guidelines from the New Brunswick Department of Health when conducting demonstrations.

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“We need to sanitize high-contact areas, wear gloves and masks, and also perform physical distancing,” said Cormier.

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Because of this, according to Cormier, more and more people may choose to search the market using video tours. She said she even sold a home through FaceTime in March as a realtor for the first time in nearly 25 years.

“The homeowner was in his house and the buyers were in Montreal and we were on the phone and touring the house. It took me about an hour and a half to see it all, ”she said. By the time a vaccine is available, it may actually become a new real estate norm, according to Cormier.

Questions about COVID-19? Here are some things you need to know:

Symptoms can include a fever, cough, and difficulty breathing – very similar to a cold or flu. Some people can develop a more serious illness. The people most at risk include older adults and people with severe chronic conditions such as heart, lung, or kidney disease. If you develop symptoms, contact the health authorities.

To prevent the virus from spreading, experts recommend frequent hand washing and coughing up your sleeve. They also recommend minimizing contact with others, staying home as much as possible, and staying two meters away from other people when you go out. In situations where you cannot keep a safe distance from others, public health officials recommend using a non-medical face mask or cover to prevent the breath droplets that can carry the virus from spreading.

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