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St. John’s Newfoundland Real Estate July MLS Stats
As expected the rea
l estate market for St. John’s and surrounding areas noticed a little slow down in July. Housing inventory appeared to be on the rise as well as the number of price reductions. The number of listings are up 4% this year compared to the same time last year and the number of sales are down 10%. Personally I think this is a little “blimp” in the market and should be no cause for concern. Majority of the houses sold in and around St. John’s were in the $260,000 to $349,900 range. There have been 6 houses that sold this year over the 1 million figure.
Total # of new MLS Listings [July] =1054 (based on residential stats)
Total # of Sales [July] = 522
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3937 (residential only)
Here is a break down by area for the month of July
St. John’s Real Estate: Listings = 199 Sales = 118 Sales/Listings Ratio = 59%
Average Sale Price is St. John’s: $281,912 for the month of July and the 12 month average $256,553
Mount Pearl Real Estate: Listings = 28 Sales = 22 Sales/Listings Ratio = 79%
Average Sale Price (12 month average): $226,224
Paradise Real Estate: Listings =64 Sales = 51 Sales/Listings Ratio =80%
Average Sale Price (12 month average): $278,293
East Extern Real Estate: Listings = 43 Sales = 32 Sales/Listings Ratio = 74%
Average Sale Price (12 month average): $277,410
Conception Bay South Real Estate: Listings = 47 Sales = 36 Sales/Listings Ratio = 77%
Average Sale Price (12 month average): $239,621
St. John’s Newfoundland Real Estate June MLS Stats
The real estate market for St. John’s and surrounding areas saw slight increases in the number of listings on the market in June as well as the number of sales. The number of expired listings are up a whopping 23% since the same month last year. What’s the cause? As I mentioned there are a lot of listings on the market so supply and demand would be a factor for sure. The biggest reason is there are a lot of houses listed on MLS in the St. John’s real estate market that are over priced.
Total # of new MLS Listings [Jun] =1141 (based on residential stats)
Total # of Sales [Jun] = 483
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3777 (residential only)
Here is a break down by area for the month of June
St. John’s Real Estate: Listings = 220 Sales = 121 Sales/Listings Ratio = 55%
Average Sale Price is St. John’s: $264,848 for the month of June and the 12 month average $251,390
Mount Pearl Real Estate: Listings = 30 Sales = 13 Sales/Listings Ratio = 43%
Average Sale Price (12 month average): $224,158
Paradise Real Estate: Listings =70 Sales = 37 Sales/Listings Ratio =53%
Average Sale Price (12 month average): $278,250
East Extern Real Estate: Listings = 52 Sales = 15 Sales/Listings Ratio = 29%
Average Sale Price (12 month average): $271,421
Conception Bay South Real Estate: Listings = 58 Sales = 25 Sales/Listings Ratio = 43%
Average Sale Price (12 month average): $236,965
Newfoundland Real Estate March Stats
The number of listings were up for the month of March by 13% compared to March 2009. Sales as well are up by 25% year to date compared to last year. Interestingly the average house price for St. John’s dropped slightly last month by almost $5000 compared to February’s MLS listing averages. The twelve month overall average for St. John’s is still increasing with a figure of $243,532. There was a fair number of buying/selling activity in between 260k and 350k last month. With the spring market upon us we will start to see increased activity from both buyers and sellers.
Total # of new MLS Listings [Mar] =933 (based on residential stats)
Total # of Sales [Mar] = 336
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3020 (residential only)
Here is a break down by area for the month of March
St. John’s Real Estate: Listings = 181 Sales = 89 Sales/Listings Ratio = 49%
Average Sale Price is St. John’s: $266,336 for the month of March and the 12 month average $243,532
Mount Pearl Real Estate: Listings = 19 Sales = 9 Sales/Listings Ratio = 47%
Average Sale Price (12 month average): $221,094
Paradise Real Estate: Listings =60 Sales = 31 Sales/Listings Ratio =52%
Average Sale Price (12 month average): $271,002
East Extern Real Estate: Listings = 31 Sales = 17 Sales/Listings Ratio = 55%
Average Sale Price (12 month average): $266,462
Conception Bay South Real Estate: Listings = 49 Sales = 22 Sales/Listings Ratio = 45%
Average Sale Price (12 month average): $228,770
Newfoundland Real Estate MLS Stats February
Buyers are taking advantage of favourable real estate market conditions around St. John’s and areas….sellers too are reaping the rewards. Multiple offers are a factor in our marketplace once again, with well-priced listings—especially around the $200k to $260k price range. Properties priced at market value will likely sell quickly for top dollar. The overall pressure on sales and price is significant across the board – and it’s not likely to subside unless more inventory comes on-stream. The Bank of Canada released today that it will keep it’s interest rate “as is” but hinted at the fact it will most likely increase in June/July due to Canada’s higher then expect latest GDP numbers.
Total # of new MLS Listings [Feb] =567 (based on residential stats)
Total # of Sales [Feb] = 259
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2650 (residential only)
Here is a break down by area for the month of February
St. John’s Real Estate: Listings = 117 Sales = 66 Sales/Listings Ratio = 56%
Average Sale Price is St. John’s: $270,742 for the month of February and the 12 month average $240,470
Mount Pearl Real Estate: Listings = 13 Sales = 7 Sales/Listings Ratio = 54%
Average Sale Price (12 month average): $218,063
Paradise Real Estate: Listings =64 Sales = 18 Sales/Listings Ratio =28%
Average Sale Price (12 month average): $268,980
East Extern Real Estate: Listings = 37 Sales = 14 Sales/Listings Ratio = 38%
Average Sale Price (12 month average): $259,371
Conception Bay South Real Estate: Listings = 48 Sales = 19 Sales/Listings Ratio = 40%
Average Sale Price (12 month average): $225,728
Newfoundland Real Estate Stats for August
We are about to enter into the fall St. John’s real estate market and things are still looking positive for the remainder of the year. Average MLS housing prices for Newfoundland have been steadily increasing throughout the year. Thanks to continuing low mortgage rates first time buyers and those looking to up size to bigger homes can still do so despite the large increase in Newfoundland housing prices since last year. Two apartment (2-apt) homes are still in high demand and if priced right usually sell fairly quickly and for top dollar.
The average price for a home in St. John’s edged slightly higher again for another month, currently at $223,810 for a 12 month period) compared to the Newfoundland Average Sale Price of $201,799. This is up from $170,941 from last years prices.
Total # of MLS Listings [Aug] =494 (based on single family homes)
Total # of Sales [Aug] = 336
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2261 (residential only)
Here is a break down by area for the month of August
St. John’s Real Estate: Listings = 187 Sales = 147 Sales/Listings Ratio = 79%
Average Sale Price is St. John’s: $244,195 for the month of August
Mount Pearl Real Estate: Listings = 25 Sales = 26 Sales/Listings Ratio = 104%
Average Sale Price: $200,862
Paradise Real Estate: Listings =65 Sales = 33 Sales/Listings Ratio =51%
Average Sale Price: $261,353
East Extern Real Estate: Listings = 36 Sales = 23 Sales/Listings Ratio = 64%
Average Sale Price: $250,678
Conception Bay South Real Estate: Listings = 37 Sales = 40 Sales/Listings Ratio = 108%
Average Sale Price: $228,363
Newfoundland Real Estate Stats for May
The spring real estate market is upon us as noted by the increase in Active MLS Listings last month. Average home prices in all areas have increased since the April St. John’s Real Estate Market Stats. Increased housing prices means added pressure to first time buyers. This spins off into lower vacancy rates – great for those who own investment 2-apt homes or considering buying an investment property. Houses are still staying on the market longer – pricing your home correctly is crucial in the market. I would still call it a buyers market, but again, there are still some houses receiving multiple offers.
The average price for a home in St. John’s edged slightly higher again for another month (currently at $210,969 for a 12 month period).
Mortgage rates are still at all time lows. The Bank of Canada’s Prime lending rate is at 2.25% and supposed to hold steady here til 2010. Great for varible rate mortgages but it might be the time to look into a fixed term as the rates can only go up from here.
Total # of MLS Listings [May] = 1108
Total # of Sales [May] = 347
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3491
Here is a break down by area for the month of May
St. John’s Real Estate: Listings = 210 Sales = 103 Sales/Listings Ratio = 49%
Average Sale Price: $221,707 for the month of May
Mount Pearl Real Estate: Listings = 46 Sales = 15 Sales/Listings Ratio = 33%
Average Sale Price: $201,126
Paradise Real Estate: Listings =46 Sales = 21 Sales/Listings Ratio =46%
Average Sale Price: $240,342
East Extern Real Estate: Listings = 36 Sales = 27 Sales/Listings Ratio = 75%
Average Sale Price: $236,090
Conception Bay South Real Estate: Listings = 50 Sales = 20 Sales/Listings Ratio = 40%
Average Sale Price: $205,934
Newfoundland Real Estate Stats for April
Active MLS Listings have increased this month compared to March NLAR stats, while home sales have remained fairly constant. The biggest increase in stats was Expired Listings. Up a whopping 39% since last year. What does this mean to the St. John’s Real Estate Market? Houses are staying on the market longer. Potential for price reductions. It appears to be slipping into a buyers market now. However, there are still houses selling the same day and some still seeing multiple offers.
The average price for a home in St. John’s edged slightly higher again for another month (currently at $206,938 for a 12 month period).
Mortgage rates are still at all time lows. The Bank of Canada’s Prime lending rate is at 2.25% and supposed to hold steady here til 2010. Great for varible rate mortgages but it might be the time to look into a fixed term as the rates can only go up from here.
Total # of MLS Listings [Apr] = 975
Total # of Sales [Apr] = 288
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2953
Here is a break down by area for the month of April
St. John’s Real Estate: Listings = 181 Sales = 66 Sales/Listings Ratio = 36%
Average Sale Price: $214,590 for the month of April
Mount Pearl Real Estate: Listings = 24 Sales = 10 Sales/Listings Ratio = 42%
Average Sale Price: $198,655
Paradise Real Estate: Listings =65 Sales = 22 Sales/Listings Ratio =34%
Average Sale Price: $239,039
East Extern Real Estate: Listings = 45 Sales = 18 Sales/Listings Ratio = 40%
Average Sale Price: $231,872
Conception Bay South Real Estate: Listings = 56 Sales = 15 Sales/Listings Ratio = 27%
Average Sale Price: $202,399
Recommended Real Estate Links
- Fraser and Stephen Winters
- Remax St.John's
- Terry Kelly
- St. John's MLS Listings
- Carter Home Designs
- St. John's Newspaper
- VOCM Local News
- CBC Newfoundland
- Eastern School District
- St. John's Weather
- St. John's Board of Trade
Real Estate Sites
- Search MLS.ca
- St. John's Listings
- Globe & Mail Real Estate
- Real Estate Blogs Directory
- Canadian real estate
- Home Builders Association
- Atlantic Home Warranty
- Homeplus Online
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