Average house prices for the St. John’s Real Estate Market July 2013

housing-price-graphTotal # of MLS Listings [July] = 1083 (residential stats)

Total # of Sales [July] = 494 (residential stats)

Number of  Active Listings for  Sale in Newfoundland = 5077

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

St. John’s Real Estate: Listings = 253 Sales = 116 Sales/Listings Ratio = 46%
Average sale price for a home in St. John’s: $334,733 for the month of July and the 12 month average $324,261

Mount Pearl Real Estate: Listings = 53 Sales = 29 Sales/Listings Ratio = 41%
Average Sale Price (12 month average): $292,683

Paradise Real Estate: Listings = 67 Sales = 39 Sales/Listings Ratio = 58%
Average Sale Price (12 month average): $339,839

East Extern Real Estate: Listings = 60 Sales = 23 Sales/Listings Ratio = 38%
Average Sale Price (12 month average): $364,327

Conception Bay South Real Estate: Listings = 51 Sales = 36 Sales/Listings Ratio = 71%
Average Sale Price (12 month average): $304,849

The overall housing demand was lower during the second quarter of 2013 with recent price growth and higher inventory (up 13% from this time last year) creating a dampening effect on sales of both new and existing homes throughout the St. John’s area. As a result, the strong local economy failed to increase housing demand relative to the same period a year ago.

Don’t forget to contact us for a free market evaluation on your home.

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