New design, new team, new website, same great REALTORS® www.TeamWinters.ca

www.TeamWinters.ca

We have moved our Blog to a platform, new design, new team and new website address.

 www.TeamWinters.ca

You can still view all the older market stats on this current site you are viewing (from Oct 2007 to Oct 2014)

For the up to date St. John’s Real Estate Market stats and latest blog posts 
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Assessment Values vs Appraisal Values

January 12, 2015 · Filed Under St. John's General · Comment 

 

taxesproperty taxes calculated in St. John’s?

For the taxation year 2015, residential property tax is calculated at the rate of 8.1 mils, or 0.81 per cent of a property’s total assessment. A property with a total assessed value of $100,000 would be charged an annual property tax of $810, calculated as follows:

Assessed Value = $100,000
X Mil Rate = .0081 (8.1 Mils)
Annual Tax = $810

The water tax portion is a separate flat rate of $615 / yr

To search for your property assessment value for St. John’s click here.

To search for all other municipalities outside St. John’s visit the Municipal Assessment Agency or click here for the 2015

market-value-does-not-equal-appraised-value

Appraisal Value

An appraisal is a method of valuation that compares similar properties in a similar area usually within a shortened time frame.  This is similar to a REALTORS® Comparative Market Evaluation (CMA) but not as in-depth. While both are using essentially the same information, they can vary depending on the property, location and appraiser/REALTOR®.  Sellers can be very fixed on this figure, especially when it benefits them.  (think refinancing) The problem with a high appraisal value is that it can be an unreliable means of what the value really is today’s market. Nothing worse then over pricing your home to list.  Just because you have listed your home with the an appraisal in place or not, true market value is what a buyer is willing to give and a seller is willing to accept.

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For a FREE no obligation market evaluation on your home

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Average Housing prices for St. John’s (Oct 2014)

November 25, 2014 · Filed Under Monthly MLS Stats · Comment 

House Graph

St. John’s Real Estate Average House Prices for October 2014

Total # of MLS Listings = 994
Total # of Sales [Oct] = 432

Number of Active Listings for Sale in Newfoundland = 5384
Numbers are based on both residential and commercial listings/sales

 

Here is a break down by area for October:
St. John’s: Listings = 240 Sales = 67
Sales/Listings Ratio = 28%
Average sale price for a home in St. John’s: $358,225 for the month of October and the 12 month average $346,513

Mount Pearl: Listings = 38 Sales = 16
Sales/Listings Ratio = 42%
Average Sale Price (12 month average): $300,476

Paradise: Listings = 63 Sales = 25
Sales/Listings Ratio = 40%
Average Sale Price (12 month average): $350,679

East Extern: Listings = 64 Sales = 20
Sales/Listings Ratio = 31%
Average Sale Price (12 month average): $404,049

Conception Bay South: Listings = 48 Sales = 35
Sales/Listings Ratio = 73%
Average Sale Price (12 month average): $303,353

2 apartment Investment property in Paradise 39 Fred W Brown Drive

November 1, 2014 · Filed Under New MLS Listings and Paradise Real Estate · Comment 

39 fred w brownLooking for a great investment property?!! Live in an almost brand new home, quickly build equity and avail of financial security! 39 Fred W Brown Drive is a split entry 2 Apartment home with ALL the bells and whistles! From the dark hardwood, center island, open concept, pot lighting in kitchen, up graded fixtures, headers, ceramics in all wet areas, en-suite of Master, stainless steel appliances, microwave/range hood, fridge with water and ice dispenser on main. Completed rec room. Lower level 2 bedroom apartment is above ground with ground level entry,lots of natural lighting, spacious, open concept, more than ample walnut stained cabinet and counter space, stainless steel appliances, dishwasher,microwave/range hood,quality laminate flooring.Washer and dryer included in both units.Separate driveways for each unit;apt driveway can easily accommodate 2 vehicles.Currently rented top and bottom. Asking price $379,000 MLS: 1105771 For more information call Stephen Winters (709.682.9045) or Janice Briffett (709.727.6901)

St. John’s Average House Price September 2014

October 6, 2014 · Filed Under Monthly MLS Stats · Comment 

st. john's real estate prices

St. John’s Real Estate Stats for September 2014

Total # of MLS Listings = 1111
Total # of Sales [Sept] = 430

Number of Active Listings for Sale in Newfoundland = 5508
Numbers are based on both residential and commercial listings/sales

Here is a break down by area for September:
St. John’s: Listings = 291 Sales = 86
Sales/Listings Ratio = 30%
Average sale price for a home in St. John’s: $321,928 for the month of September and the 12 month average $345,988

Mount Pearl: Listings = 52 Sales = 17
Sales/Listings Ratio = 33%
Average Sale Price (12 month average): $298,465

Paradise: Listings = 77 Sales = 22
Sales/Listings Ratio = 29%
Average Sale Price (12 month average): $353,284

East Extern: Listings = 47 Sales = 21
Sales/Listings Ratio = 45%
Average Sale Price (12 month average): $402,665

Conception Bay South: Listings = 61 Sales = 25
Sales/Listings Ratio = 41%
Average Sale Price (12 month average): $304,576

46 Mountbatten Drive – Bally Hally East End home for sale

46 mountbatten **SOLD** If you are looking for a 4 bedroom 2-story home that includes all the extras then look no further! This home has it all! Enjoy new kitchen cabinets and propane fireplace in this open concept kitchen & dining area. Large center island with wine cooler. There is a separate family room as well as a separate living room for entertaining. Hardwood & ceramic floors throughout the entire home. Four large bedrooms on the second floor. Master has walk-in closet and an ensuite with custom glass shower & marble tiles. The main bathroom has a jacuzzi soaker tub and a separate custom built shower complete with body jets. The basement is a large open concept design with pre-engineered hardwood floors, acoustic tile ceilings and all windows meet egress. There are numerous pot lights and in ceiling multi zone speakers throughout this home! Drive-in access for a stand alone rear garage in addition to the attached garage. Large patio with tempered glass sides. Rough-in for a heated driveway.  Call Fraser or Stephen Winters for more information.  Asking price $569,900

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