St. John’s Newfoundland MLS Stats for October

November 3, 2011 · Filed Under Monthly MLS Stats · Comments Off 

Average price of real estate in St. John’s has increased slightly again this month. Average price of a home in St. John’s is hovering around $288,000.  For most of the year listings have been on the increase and sales at a decrease but we are starting to see a shift in the market now.  Listings are slowly decreasing and sales are starting to pick up.  We are up 11% this month compared to 2010 but there is virtually no change on a year to date perspective.  There are lots of buyers in the market place and we are still classified as being in a “buyers market” according to CMHC. Average sales price for a home in Newfoundland is now $248,678 up from the mid 230’s from last year.  The bulk of the sales are in the 260k to 350k price range. Expired listings are up still from last year, by 25%  Contact us for a free market evaluation on your home.

Total # of MLS Listings [October] = 813 (based on residential stats)

Total # of Sales [October] = 514

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3778

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

St. John’s Real Estate: Listings = 162   Sales = 102 Sales/Listings Ratio = 63%

Average sale price for a home in St. John’s: $296,165 for the month of October and the 12 month average $288,291

Mount Pearl Real Estate: Listings = 30 Sales = 25  Sales/Listings Ratio = 83%

Average Sale Price (12 month average): $262,379

Paradise Real Estate: Listings =59 Sales = 40 Sales/Listings Ratio =68%

Average Sale Price (12 month average): $318,443

East Extern Real Estate: Listings = 45 Sales = 26  Sales/Listings Ratio = 58%

Average Sale Price (12 month average): $309,886

Conception Bay South Real Estate: Listings = 48   Sales = 31  Sales/Listings Ratio = 65%

Average Sale Price (12 month average): $270,910

29 Gorman Ave – Two Apartment Home in Kilbride

November 1, 2011 · Filed Under New MLS Listings, St. John's Investments, St. John's MLS listings · Comments Off 

***REDUCED*** 29 Gorman Ave is located in Kilbride.  This 2-apt home has lots of potential. Three bedrooms on the main floor and two in the basement apartment.   Vinyl windows. Spacious main floor with open concept living room / dinging room.  Fully fenced back yard.  Patio deck.  and 12 x 16 shed.  Great investment property. Asking price is $190,000  MLS: 171512  Call Fraser or Stephen Winters for more information.