House for Lease in east end St. John’s: 17 Tobin Crescent $1250 a month pou

November 24, 2010 · Filed Under For Lease, New MLS Listings and St. John's Real Estate · Comment 

Located on a quiet street in the East End of St. John’s.  Very well looked after 3 + 1 bedroom bungalow with lots of upgrades.  Hardwood floors.  Updated kitchen and bathroom.  Open concept living room/dining room.  Wood burning fireplace.  Fully developed basement with rec room, laundry room, 3 piece bathroom and lots of storage.  For lease: $1250 a month pou. Includes fridge, stove, dishwasher, washer and dryer. Comes partially furnished. Close to MUN, schools and hospital. Contact Fraser or Stephen Winters for more information.

Virtual tour of 17 Tobin Crescent

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St. John’s Real Estate Average House Prices forecasted to rise in 2011

November 16, 2010 · Filed Under CMHC Reports, Market Trends, Newfoundland Economy and Newfoundland Oil and Gas · Comment 

With only a small rise in inventory in 2010, the growth in prices in the existing home market was higher than expected (approx 15% since 2009). For 2011, average house prices are forecast to increase across Atlantic Canada from a high of close to four per cent in Newfoundland and Labrador (NL), three per cent in Nova Scotia (NS) and close to one per cent in New Brunswick (NB). Prices in Prince Edward Island (PEI) are expected to rise less than one per cent in 2011. Existing home sales are expected to decline modestly.

Sales declines will vary across Atlantic Canada from one per cent in NS, close to four per cent in NB and NL and nearly eight per cent in PEI.

Although the economic forecast remains positive, recent concerns regarding the global outlook have tempered the possibility of stronger growth in 2011.

For Newfoundland and Labrador, energy and mining development will continue to be the main source of future growth. Several major capital projects will continue to  inject stimulus into the local economy and contribute to a positive outlook.

Growth in commodity prices has also provided a lift to mining companies in the interior of the province. Stronger income growth compared to the other three Atlantic provinces has also helped support the level of consumer spending, as well as the stronger than expected level of housing activity. The fishing industry will continue to pose a challenge for Newfoundland’s rural economies,  but population losses will moderate over the forecast period due to improving economic conditions in St. John’s.  Natural declines in offshore oil production will restrain GDP growth, although increased royalties received by the province will offset the effects of production declines on economic growth overall.

(source: CHMC)

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12 Julia Place – New Home for sale in Conception Bay Newfoundland

November 9, 2010 · Filed Under New MLS Listings · Comment 

Don’t judge a book by its cover for this property. This house is HUGE!! This 2800 sqft bungalow is fully developed and located on a quiet cul-de-sac. Hardwood and laminate flooring throughout the main floor. There are three bedrooms on the main and one in the basement (with the potential for a 5th). Country style eat-in kitchen with door to patio deck. Spacious living room with propane fireplace, crown mouldings and a partial view of Conception Bay. Master bedroom has ensuite with whirlpool tub and separate standup shower. The basement is fully developed and includes an enormous rec room. Laundry is conveniently located on the main floor. The backyard is a child’s dream and includes a swing set, playhouse and sandbox. Fully landscaped with mature trees, baby barn and is very private. Property is wheelchair accessible. Located on school bus routes and is next to local playground. Asking price is $249,900 ** withdrawn** MLS #: 160142 Call Fraser or Stephen Winters for additional information.

View the virtual tour of 12 Julia Place here.

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St. John’s Real Estate Housing Market Activity Cooled During Third Quarter

November 5, 2010 · Filed Under CMHC Reports · Comment 

CHMC just released their latest housing report for the St. John’s Newfoundland Real Estate Market.  The Fourth Quarter 2010 edition of CMHC’s Housing Now – Major Centres – St. John’s can be accessed by clicking on the link below. http://www.cmhc-schl.gc.ca/odpub/esub/64199/64199_2010_Q04.pdf or I have some clips of the report outline below.

“Recent price growth and an increasing supply of unsold homes had a cooling effect on the St. John’s housing market during the third quarter, despite growth in population, income and employment. During the July to September period, new home construction activity declined slightly, while resale market activity remained mixed, with sales declining and average
price advancing. From an overall historical perspective, the St. John’s area housing market was strong, but recent record housing market activity went unmatched in the third quarter.

Resale Market Favoured Buyers
Fewer sales and increased inventory,positioned the market as  buyers during the third quarter. In terms of resale market  dynamics, buyers had a broader choice of available homes and some sellers were forced to reduce the asking price on their  properties as the market shifted. Available inventory increased approximately 16 per cent in the quarter (23 per cent in August) and listings remained on the market for an average of 61 days, while prices continued to show gains over the July to September period of 2009. Despite higher inventory, offers came in at approximately 98 per cent of asking price. For the St. John’s area, there were 1,785 new residential listings during the third quarter compared to 1,795 during the same period in 2009.
Active listings averaged 1,796 a month during the quarter, versus 1,548 a month during the third quarter of 2009. The sales-to-active listings ratio averaged 20 per cent during  the quarter compared to 26 per cent during the same period in 2009, resulting in buyers’ resale market conditions.

MLS® Sales Declined, Prices Advanced
With fewer sales of existing homes and higher inventory available throughout the St. John’s area during the third quarter, the average MLS® residential price showed little change compared to the second quarter, but continued to advance compared to the same period last year. It reached another record level in the quarter peaking at $262,316 in the month of August. The number of MLS® sales declined 11 per cent with 1,069 sales compared to 2009’s third quarter sales of 1,197 units. The average MLS® residential price in the St. John’s CMA was 15 per cent higher than it was a year ago. Despite tepid sales activity during the July to September period, the average MLS® residential price climbed to $255,496 compared to $221,253 during the third quarter of 2009. The average price appears to have stabilized around the $250,000 level, as the recent momentum has begun to wane. The relative strength in the average MLS® residential price continued to be supported by positive economic conditions, as well as higher priced newly built home sales going through the MLS® system in the third quarter.
At the provincial level, there were 1,323 MLS® sales compared to 1,504 in the third quarter of last year. The average MLS® residential price in Newfoundland was $238,285 during the July to September period – an increase of 15 per cent.“

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New East End St. John’s MLS Listing – 32 Taylor Place

November 5, 2010 · Filed Under New MLS Listings, St. John's East End and St. John's MLS listings · Comment 

**SALE PENDING** Wow! Great house on a fantastic corner cul-de-sac lot in the east end of St. John’s. 32 Taylor Place is a large 2 storey home with many upgrades including vinyl windows, vinyl siding and shingles. Hardwood floors throughout most of the main floor. Ceramic tiles in spacious kitchen with over sized center island. Separate dining room opens up into adjacent living room complete with wood burning fireplace and bay window. There is a cozy den with built in bookcase as well as two bedrooms on the main floor that can also be used as an office or hobby room. The second floor has 3 bedrooms and has an updated bathroom. An additional full bathroom can be found on the main floor as well as a half bathroom in the basement. Large recroom and storage room in the basement and there is an entrance to the in-house garage. This property is VERY well cared for. The grounds are immaculately landscaped. Enjoy peace and quiet on the patio deck surrounded by mature trees. Close to Quidi Vidi walking trails. Don’t miss out on this rare find!  Asking price is $319,900 $309,900 MLS: 160062  Call Fraser or Stephen Winters for more information.

Click here for the Virtual Tour of 32 Taylor Place

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Investment property in St. John’s near CONA – 6 Morrison Place

November 4, 2010 · Filed Under New MLS Listings, St. John's East End, St. John's Investments, St. John's MLS listings and St. John's Real Estate · 1 Comment 

Fraser and Stephen Winters have just listed a great investment property in the East End of St. John’s. 6 Morrison Place is a 2 Apartment home located on a cul-de-sac in a great area close to CONA and MUN.  Hardwood on main with exception of kitchen and bathroom.  Mostly all new vinyl windows. Oak cabinet doors and new counter top. Roof re-shingled in recent years. 8 x 16 patio deck. The apartment is spacious and mostly above ground. Has its own large separate driveway. It is a one bedroom apt with easy potential for 2 bedrooms. Mature back garden. Some appliances are included. An absolutely great investment property or a family home with rental income. Asking price is $259,900  MLS: 160047

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Bungalow for sale in East End St. John’s – 37 Parliament Street

November 3, 2010 · Filed Under New MLS Listings, St. John's East End and St. John's MLS listings · Comment 

Located in a convenient East End St. John’s neighborhood.37 Parliament Street is a  2500sqft bungalow with lots of hardwood floors. The open concept kitchen and dining room has an exterior door leading to a patio deck. There is a large sunken living room with a cozy wood burning fireplace. Three bedrooms on the main floor with the potential for a 4th in the basement. The rec room is a spacious 26×20 in size and has a pellet stove insert. Fully fenced and landscape. Close to Mary Queen of Peace and McDonald Drive Schools. Call Fraser or Stephen Winters for more information.  Asking price is $279,900.  MLS: 159979.

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