New Listing in Pleasantville near Quidi Vidi Lake – 3 Arnold’s Loop

November 23, 2009 · Filed Under First Time Buyers, New MLS Listings, St. John's East End, St. John's MLS listings and St. John's Real Estate · 2 Comments 

3arnolds

Fraser and Stephen Winters just listed an extremely well looked after property located in Pleasantville, in the east end  St. John’s.  Three bedrooms, 1 and a half bathrooms. Hardwood floors throughout most of the home.  Property is heated with an electric hot water radiation system providing very low monthly heating bills.  Located within walking distance to Quidi Vidi Lake (walking trails) and downtown St. John’s.  The Metro Bus passes right in front of the property. Front and rear garden well maintained.  Ideal home as an investment property or for a first time buyer.  Asking price is $169,900.

Tags: , , , , ,

Newfoundland Real Estate Stats for October

November 4, 2009 · Filed Under St. John's Real Estate · 1 Comment 

CMHC released their Third quarter data for Newfoundland MLS Real estate the other day.  As expected, we are officially in a balanced market now within the  St. John’s Real Estate area.  New MLS listings edged down once again, as did the number of sales compared to September’s Newfoundland Real Estate Stats.  New listings were on par with 2008’s third quarter, but with available inventory 27% higher, this gives buyers more time to shop and compare houses.  Total number of houses that expired in October was up 53% since October of last year.  Having your house priced correctly is KEY in this market.

Total # of new MLS Listings [Oct] =397 (based on residential stats)

Total # of Sales [Oct] = 325

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 1829 (residential only)

Here is a break down by area for the month of October

St. John’s Real Estate: Listings = 167   Sales = 132 Sales/Listings Ratio = 79%

Average Sale Price is St. John’s: $217,032 for the month of October

Mount Pearl Real Estate: Listings = 26 Sales = 23  Sales/Listings Ratio = 88%

Average Sale Price: $218,681

Paradise Real Estate: Listings =40 Sales = 41 Sales/Listings Ratio =102%

Average Sale Price: $262,591

East Extern Real Estate: Listings = 28 Sales = 19  Sales/Listings Ratio = 68%

Average Sale Price: $249,459

Conception Bay South Real Estate: Listings = 45   Sales = 31  Sales/Listings Ratio = 69%

Average Sale Price: $216,627

Tags: , , , , , , ,

Newfoundland Housing Market Third Quarter MLS Trends

November 3, 2009 · Filed Under St. John's Real Estate · Comment 

Canada Mortgage and Housing Corporation released its data on the third quarter MLS housing market trends for Newfoundland yesterday.

MLS® Residential Sales Lower during Third Quarter

  • MLS® sales decreased 11% to 1,504 compared to last year’s record third quarter sales of 1,695
  • July, August and September MLS® sales were 536, 472 and 496, respectively
  • Third quarter average St. John’s MLS® residential house price climbed 13% to $206,852 compared to $182,306 during the third quarter of 2008 – the only consistent price growth market in Canada during the past 12 month period

Balanced Residential Resale Market

  • There were 2,282 new residential listings during the third quarter compared to 2,246 during the same period last year
  • However, active listings or inventory averaged 2,200 from July to September versus a much lower 1,750 during Q3 of 2008
  • Sales-to-active listings ratio hit 24% in September and averaged 23% during the third quarter versus 32% in Q3 of 2008

Balanced Market Keeps Active Listings Up

  • Normalized demand for housing caused active residential listings to increase 27% to the end of the third quarter
  • Active listings for July, August and September were 2,301, 2,150 and 2,077, respectively, with new listings of 918, 695 and 669, respectively
  • New listings were on par with 2008’s third quarter, but with available inventory 27% higher, the market was balanced

Tags: , , ,