For Lease with Ocean view 19 Motion Lane – Torbay, Newfoundland

May 31, 2011 · Filed Under For Lease, New MLS Listings · Comments Off 

For Lease: Looking for  a panoramic ocean view when waking up? Enjoy watching Icebergs in May and whales in July, and be at work in 15 minutes?  Then this property is for YOU! 19 Motion Lane. WOW says it all for this property! Located on 1.67 acres with unobstructed view of the ocean, the inner cove’s cliffs and its waterfalls. Main floor has an open design concept great for entertaining. The numerous windows take advantage of the spectacular ocean view and provides plenty of natural light. Hardwood and ceramics floors throughout most of the property. High end kitchen with granite counter top and custom made cabinets. Even the appliances are top of the line. There is a separate seating area to relax and enjoy the in-ceiling surround sound system and take in the panoramic view. The second floor has 3 bedrooms,two of which are designed for the view. Large master bedroom with double walk-in closets. Large ensuite with glass stand up shower and custom glass tiles. This ensuite is even designed to take advantage of the ocean view. Convenient second floor laundry. There is a den in the shared area and is used as office . Wide corridors. Attention to detail is a must for this property. Almost everything is custom made. Be sure to view the photos to capture the true appreciation for this property. Fully furnished.  $3200 a month pou.  MLS: 165862 Contact Fraser or Stephen Winters for more information.

For a virtual tour of 19 Motion Lane click here


Buyer Representation Agreements

May 30, 2011 · Filed Under First Time Buyers, St. John's Real Estate · 1 Comment 

Check out this quick youtube video from the Toronto Real Estate Board.  It explains the benefits of signing a Buyer Representation Agreement.

While these agreements have been around St. John’s for years, they are becoming more and more common practice amongst Realtors and clients….both benefiting.

154 Swansea Street – Chamberlains Conception Bay South

May 30, 2011 · Filed Under New MLS Listings · Comments Off 

Just listed in Conception Bay South (Chamberlains) 154 Swansea Street. Extremely well kept split entry home with basement apartment situated on a corner lot. This property shows pride of ownership. Hardwood and ceramic floors throughout most of main. Crown mouldings. Open concept floor plan. Dining room has patio doors leading to patio deck with a beautiful view. High efficient electric fireplace in living room. There is a rec room for the main unit in the basement as well as laundry and storage room. The basement apartment is a spacious 1 bedroom (can be converted to 2 bedrooms quite easily) Very bright and in great condition. Separate laundry hookup. Excellent tenants in place that would love to stay. The grounds are well cared. Large shed at the rear. Asking price is $289,900 REDUCED: $285,900 MLS: 165850 Call Fraser or Stephen Winters for more information.

For a Virtual Tour of 154 Swansea Street click here

22 School Road – Open House this Sunday 2pm to 4pm

May 12, 2011 · Filed Under St. John's Real Estate · Comments Off 

I will be hosting an open house on 22 School Road this Sunday (May 15) from 2pm to 4pm.  Drop in and view this lovely home in St. Philip’s

$279,900 is the asking price. MLS: 163669

St. John’s Newfoundland MLS Stats for April

May 11, 2011 · Filed Under Monthly MLS Stats, St. John's Real Estate · Comments Off 

Average price of a house in St. John’s increased slightly this month. March average sale price was approx $277,000, for April it is $285,000. Average sales price year to date is up as well, almost 6.5% (all of Newfoundland) Interestingly the current real estate market certainly doesn’t reflect this increase.  From looking at the break down in homes sold, it appears that this data is a little “skewed” as a majority of the houses sold were in the 260k to 350k price range, hence bringing up the average prices. Currently, HALF of the homes on the market expire.  Meaning they do not sell.  From my opinion, majority of the houses currently on the market are WAY overpriced.  We are seeing a large number of reductions in prices.  Houses are sitting on the market an average of 60 days before selling.  I don’t think we will see a drop in the average house prices, but we will certainly see a lot of home owners having to reduce their homes to be in line with the market.  It seems that I have the following statement each month……but….. proper pricing on your home is key in this market and will be the same trend in 2011.  Contact us for a free market evaluation on your home.

Total # of new MLS Listings [April] = 814 (based on residential stats)

Total # of Sales [April] = 303

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3700

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

St. John’s Real Estate: Listings = 190   Sales = 81 Sales/Listings Ratio = 42%

Average sale price for a home in St. John’s: $285,097 for the month of April and the 12 month average $281,644

Mount Pearl Real Estate: Listings = 32 Sales = 18  Sales/Listings Ratio = 41%

Average Sale Price (12 month average): $252,736

Paradise Real Estate: Listings =55 Sales = 26 Sales/Listings Ratio =52%

Average Sale Price (12 month average): $310,525

East Extern Real Estate: Listings = 53 Sales = 15  Sales/Listings Ratio = 33%

Average Sale Price (12 month average): $290,202

Conception Bay South Real Estate: Listings = 44   Sales = 15  Sales/Listings Ratio = 40%

Average Sale Price (12 month average): $258,061

April Housing Starts for the St. John’s Area

May 10, 2011 · Filed Under CMHC Reports, St. John's Real Estate · Comments Off 

ST. JOHN’S, May 9, 2011 – Housing starts in the St. John’s region declined during the month of April, according to preliminary data released today by Canada Mortgage and Housing Corporation (CMHC). April’s housing starts totaled 71 units throughout the St. John’s area compared to 129 units in April  of 2010. There were five additional starts recorded in urban centres outside the St. John’s area, for a total of 76 urban housing starts across the province.

“New home construction activity slowed in April, with significant declines recorded in both single and multiple starts,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “While housing starts are forecast to end the year down from 2010 levels, the trend to lower levels of activity is expected to moderate in the coming months,” added Janes.

In urban centres across Canada, total housing starts recorded in April were down 15 per cent to 13,528 units compared to last year’s total of 15,897. Single-detached starts declined 27 per cent to 5,382 units, while multiple starts decreased four per cent to 8,146 units in April. In the Atlantic region, 551 new units were started compared to 640 units during April 2010.

The complete CHMC Report can be found here.