St. John’s Real Estate Average Housing Prices for March 2014

April 13, 2014 · Filed Under Market Trends, Monthly MLS Stats and St. John's Real Estate · Comments Off 

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The St. John’s Real Estate Market for the month of March (2014) showed little change from the previous month with regards to price changes.  We are seeing fair number of price reductions on properties. (a good thing)  Listings were down slightly this month so this could quite possibly be a little shift in the market.  With all the inventory out there we really need some of it to “dry up”.  There are lots of buyers looking and inquiring but many are sitting on the fence.  Expired listings are down from last month but still 23% of listings are expiring. The total number of sales for the year are down 7% unchanged from February. 

Personally I expect once all this snow disappears we will start to see a slight shift in the St. John’s real estate market.  I don’t expect records numbers, however I think we will get back to a more balance real estate market.

 

Total # of MLS Listings [Mar]  = 947  Total # of Sales [Mar] = 273 

Number of  Active Listings for Sale in Newfoundland = 4261

Numbers are based on both residential and commercial listings/sales

Here is a break down by area for March:

St. John’s Real Estate: Listings = 147  Sales = 59  Sales/Listings Ratio = 40%

Average sale price for a home in St. John’s: $352,860 for the month of March and the 12 month average $334,331

Mount Pearl Real Estate: Listings = 35 Sales = 9 Sales/Listings Ratio = 26% Average Sale Price (12 month average): $297,417

Paradise Real Estate: Listings = 35 Sales = 16 Sales/Listings Ratio = 46% Average Sale Price (12 month average): $352,421

East Extern Real Estate: Listings = 54 Sales = 14 Sales/Listings Ratio = 26% Average Sale Price (12 month average): $370,422

Conception Bay South Real Estate: Listings = 43 Sales = 19 Sales/Listings Ratio = 44% Average Sale Price (12 month average): $305,946

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

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St. John’s Real Estate Average House Price for February 2014

March 9, 2014 · Filed Under Market Trends and Monthly MLS Stats · Comments Off 

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Sales were down 7% for the month of February in the St. John’s Real Estate market compared to last February.  The number of new listings are up 16% from last year.  Expired listings (houses that didn’t sell) are up 40%.  Pricing is key in this market.  It’s currently a buyers market however we are still seeing multiple offers on some homes in certain areas.  Expect to see a relatively flat market for the remainder of 2014.

 

Total # of MLS Listings [Feb]  = 927  Total # of Sales [Feb] = 230 

Number of  Active Listings for Sale in Newfoundland = 4143

Numbers are based on both residential and commericial listings/sales

Here is a break down by area for February:

St. John’s Real Estate: Listings = 140  Sales = 50  Sales/Listings Ratio = 36%

Average sale price for a home in St. John’s: $341,467 for the month of February and the 12 month average $331,043

Mount Pearl Real Estate: Listings = 48 Sales = 6 Sales/Listings Ratio = 13% Average Sale Price (12 month average): $298,919

Paradise Real Estate: Listings = 40 Sales = 15 Sales/Listings Ratio = 38% Average Sale Price (12 month average): $354,191

East Extern Real Estate: Listings = 40 Sales = 17 Sales/Listings Ratio = 43% Average Sale Price (12 month average): $373,614

Conception Bay South Real Estate: Listings = 41 Sales = 13 Sales/Listings Ratio = 32% Average Sale Price (12 month average): $304,948

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

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St. John’s Real Estate Average House Price for January 2014

February 24, 2014 · Filed Under Market Trends, Monthly MLS Stats and St. John's Real Estate · Comments Off 

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Total # of MLS Listings [Jan]  = 997

Total # of Sales [Jan] = 224 

Number of  Active Listings for Sale in Newfoundland = 3633

Numbers are based on both residential and commericial listings/sales

Here is a break down by area for January:

St. John’s Real Estate: Listings = 189  Sales = 48  Sales/Listings Ratio = 25%

Average sale price for a home in St. John’s: $365,063 for the month of January and the 12 month average $333,265

Mount Pearl Real Estate: Listings = 26 Sales = 6 Sales/Listings Ratio = 26% Average Sale Price (12 month average): $298,687

Paradise Real Estate: Listings = 51 Sales = 12 Sales/Listings Ratio = 24% Average Sale Price (12 month average): $352,529

East Extern Real Estate: Listings = 43 Sales = 9 Sales/Listings Ratio = 21% Average Sale Price (12 month average): $372,717

Conception Bay South Real Estate: Listings = 50 Sales = 12 Sales/Listings Ratio = 24% Average Sale Price (12 month average): $304,573

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

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Average House Price for the St. John’s Real Estate Market December 2013

January 14, 2014 · Filed Under Monthly MLS Stats and St. John's Real Estate · Comments Off 

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Total # of MLS Listings [Dec]  = 497

Total # of Sales [Dec] = 334 

Number of  Active Listings for  Sale in Newfoundland = 3247

Numbers are based on both residential and commericial listings/sales

Here is a break down by area for December:

St. John’s Real Estate: Listings = 74 Sales = 70  Sales/Listings Ratio = 95%

Average sale price for a home in St. John’s: $328,864 for the month of December and the 12 month average $331,067

Mount Pearl Real Estate: Listings = 15 Sales = 16 Sales/Listings Ratio = 107% Average Sale Price (12 month average): $298,679

Paradise Real Estate: Listings = 13 Sales = 33 Sales/Listings Ratio = 254% Average Sale Price (12 month average): $352,121

East Extern Real Estate: Listings = 19 Sales = 22 Sales/Listings Ratio = 116% Average Sale Price (12 month average): $372,921

Conception Bay South Real Estate: Listings = 30 Sales = 23 Sales/Listings Ratio = 77% Average Sale Price (12 month average): $304,902

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

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Average house price for the St. John’s Real Estate Market November 2013

December 3, 2013 · Filed Under Monthly MLS Stats and St. John's Real Estate · Comments Off 

housing-price-graphTotal # of MLS Listings [Nov] = 904 (residential stats)

Total # of Sales [Nov] = 422 (residential stats)

Number of  Active Listings for  Sale in Newfoundland = 4436

Here is a break down by area for November:

St. John’s Real Estate: Listings = 181 Sales = 86 Sales/Listings Ratio = 48%

Average sale price for a home in St. John’s: $319,995 for the month of November and the 12 month average $329,946

Mount Pearl Real Estate: Listings = 26 Sales = 21 Sales/Listings Ratio = 81% Average Sale Price (12 month average): $293,546

Paradise Real Estate: Listings = 42 Sales = 28 Sales/Listings Ratio = 67% Average Sale Price (12 month average): $353,807

East Extern Real Estate: Listings = 38 Sales = 18 Sales/Listings Ratio = 47% Average Sale Price (12 month average): $370,807

Conception Bay South Real Estate: Listings = 42 Sales = 23 Sales/Listings Ratio = 55% Average Sale Price (12 month average): $308,911

Trending again for November, the St. John’s Real Estate Market has a year to date increase in listings of 10% and a decline in sales of 7%.  It’s a buyers market currently in Newfoundland but there are still areas where houses sell FAST, and for top dollar.  St. John’s overall has a fairly balanced sales to listings ratio (48%) This means that for every 2 houses listed, one house sells.

The Newfoundland economy is still moving forward. Newfoundland came out on top in terms of business confidence in Canada at 74.7 earlier this month. Business continues to boom here! So will the real estate market as we move into 2014.

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

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Average St. John’s Real Estate House Prices for October 2013

November 1, 2013 · Filed Under Monthly MLS Stats and St. John's Real Estate · Comments Off 

housing-price-graphTotal # of MLS Listings [Oct] = 866 (residential stats)

Total # of Sales [Oct] = 470 (residential stats)

Number of  Active Listings for  Sale in Newfoundland = 4566 (residential and non-residential)

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

St. John’s Real Estate: Listings = 196 Sales = 104 Sales/Listings Ratio = 53%
Average sale price for a home in St. John’s: $350,493 for the month of October and the 12 month average $330,294

Mount Pearl Real Estate: Listings = 31 Sales = 20 Sales/Listings Ratio = 65%
Average Sale Price (12 month average): $294,560

Paradise Real Estate: Listings = 56 Sales = 32 Sales/Listings Ratio = 57%
Average Sale Price (12 month average): $348,613

East Extern Real Estate: Listings = 54 Sales = 13 Sales/Listings Ratio = 24%
Average Sale Price (12 month average): $368,851

Conception Bay South Real Estate: Listings = 60 Sales = 42 Sales/Listings Ratio = 70%
Average Sale Price (12 month average): $312,881

Total number of listings are up 10% year to date compared to last year. No real change in the past few months.  Expired listings are up 41% again for the month (14% for the year)  There was an increase in sales for the month of  October.  Sales were up 12% compared to last October yet down 8% year to date.  Again the sweet spot for sales in the St. John’s Real Estate market are in the $260,00 to $349,999 range accounting for 142 sales during October.

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

 

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