42 Mcfarlane Street – Located in downtown St. John’s

October 18, 2011 · Filed Under New MLS Listings, St. John's MLS listings and St. John's Real Estate · Comment 

** SOLD** 42 Mcfarlane Street is located in downtown St. John’s with numerous upgrades.  This three bedroom home has 1.5 baths, new vinyl windows, doors and roof covering this past summer. The electrical and the plumbing have been updated in recent years as well.  It’s fully detached with a large private driveway with enough room to hold 2 – 3 vehicles.  Just a quick 3 minute walk to Mile One. This is a great downtown property and awaits its new owner. Asking price is REDUCED $214,900 MLS Number: 171091

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MLS Trends for Third Quarter Housing Market in Newfoundland

October 18, 2011 · Filed Under CMHC Reports and Market Trends · Comment 

MLS® Residential Sales Up in Third Quarter

  • MLS® sales increased 12.8% to 1,493 compared to 2010’s third quarter sales of 1,323
  • July, August and September MLS® sales were 499, 551 and 443, respectively
  • Third quarter average MLS® residential house price climbed 6.5% to $253,755 compared to $238,285 during the third quarter of 2010

Buyers’ Market Conditions

  • There were a 2,658 new residential listings during the third quarter compared to 2,356 during the same period last year, an increase of 13%
  • Active listings or inventory averaged 2,750 a month from July to September versus 2,442 a month during Q3 of 2010
  • The sales-to-active listings ratio indicated that 18% of listings sold in July, 20% in August and 17% in September, and averaged 18% during the quarter, unchanged from the third quarter of 2010

Active Listings Increase

  • Active residential listings or inventory increased approximately 13% during the quarter
  • Active listings for July, August and September were 2,816, 2,807 and 2,628, respectively
  • With inventory increasing on par with sales, housing market conditions favoured buyers during the whole third quarter

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