Cabin for Sale on Northern Rocky Pond – Southern Shore Newfoundland

August 25, 2010 · Filed Under New MLS Listings · 2 Comments 

***SOLD***Located right on the pond a 2 bedroom cabin plus a new 2 storey 20×24 detached building framed out for 3 bedroom plus bath on 2nd floor. Already wired with electricity and lots of vinyl windows. Bottom floor presently used a storage garage but could also be converted to livable space. Cabin nicely decorated with pine on the interior and has new vinyl windows. Absolute beautiful view of pond from deck. Floating wharf and lots of pond frontage. New septic in last 5 years. 125 amp electrical service. Only 40 minutes from city. Directions: Turn onto first entrance to Beachy Cove Road entering Tors Cove. Go 3.3km and turn right onto Northern Rocky Pond Road and go .5km. Follow signs. Asking price is $149,900. Call or email Fraser or Stephen Winters for more information.

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St. John’s Newfoundland Real Estate July MLS Stats

August 11, 2010 · Filed Under Monthly MLS Stats and St. John's Real Estate · Comment 

As expected the real estate market for St. John’s and surrounding areas noticed a little slow down in July.  Housing inventory appeared to be on the rise as well as the number of price reductions.  The number of listings are up 4% this year compared to the same time last year and the number of sales are down 10%.  Personally I think this is a little “blimp” in the market and should be no cause for concern.  Majority of the houses sold in and around St. John’s were in the $260,000 to $349,900 range.  There have been 6 houses that sold this year over the 1 million figure.

Total # of new MLS Listings [July] =1054 (based on residential stats)

Total # of Sales [July] = 522

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3937 (residential only)

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

St. John’s Real Estate: Listings = 199   Sales = 118  Sales/Listings Ratio = 59%

Average Sale Price is St. John’s: $281,912 for the month of July and the 12 month average $256,553

Mount Pearl Real Estate: Listings = 28 Sales = 22  Sales/Listings Ratio = 79%

Average Sale Price (12 month average): $226,224

Paradise Real Estate: Listings =64 Sales = 51 Sales/Listings Ratio =80%

Average Sale Price (12 month average): $278,293

East Extern Real Estate: Listings = 43 Sales = 32  Sales/Listings Ratio = 74%

Average Sale Price (12 month average): $277,410

Conception Bay South Real Estate: Listings = 47   Sales = 36  Sales/Listings Ratio = 77%

Average Sale Price (12 month average): $239,621

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St. John’s Real Estate July Housing Starts

August 10, 2010 · Filed Under CMHC Reports · Comment 

Just released from CMHC: Housing Now publications press release for housing starts in Newfoundland and Labrador.

“Urban housing starts decreased during the month of July, according to  preliminary released today by Canada Mortgage and Housing Corporation (CMHC). July’s housing starts totaled 176 throughout the St. John’s area versus 216 starts in July of 2009. There were 19 additional starts recorded outside the St. John’s area, for a total of 195 provincial urban starts compared to 270 last July. Year to- date, starts remain positive, with 998 recorded in the St. John’s region versus 875 last year.


“July’s decline in the number of new homes started is in line with the current forecast and the expectation that starts will slow over the  remainder of 2010,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “New home demand was steady in the first half of 2010, but will continue to be lower in the coming months, due to recent price growth and record high home prices,” added Janes.

In urban centres across Canada, total housing starts increased 34 per cent with 15,195 recorded in July compared to 11,313 during July of 2009. Throughout Atlantic Canada, there were 1,208 urban housing starts posted versus 954 the previous July, an increase of 27 per cent.”

The entire Housing Now release can be found here.

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