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Since Chevron signed the multibillion-dollar memorandum of understanding to develop the Hebron offshore oilfield project back in August 2007, St. John's real estate and surrounding areas have gained favorable optimism and increases in residential homes. Looking to sell you home for TOP DOLLAR? Contact Fraser and Stephen Winters for your free, confidential Home Market Evaluation
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St. John’s Newfoundland MLS Stats for April
Average price of a house in St. John’s increased slightly this month. March average sale price was approx $277,000, for April it is $285,000. Average sales price year to date is up as well, almost 6.5% (all of Newfoundland) Interestingly the current real estate market certainly doesn’t reflect this increase. From looking at the break down in homes sold, it appears that this data is a little “skewed” as a majority of the houses sold were in the 260k to 350k price range, hence bringing up the average prices. Currently, HALF of the homes on the market expire. Meaning they do not sell. From my opinion, majority of the houses currently on the market are WAY overpriced. We are seeing a large number of reductions in prices. Houses are sitting on the market an average of 60 days before selling. I don’t think we will see a drop in the average house prices, but we will certainly see a lot of home owners having to reduce their homes to be in line with the market. It seems that I have the following statement each month……but….. proper pricing on your home is key in this market and will be the same trend in 2011. Contact us for a free market evaluation on your home.
Total # of new MLS Listings [April] = 814 (based on residential stats)
Total # of Sales [April] = 303
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3700
Here is a break down by area for the month of April
St. John’s Real Estate: Listings = 190 Sales = 81 Sales/Listings Ratio = 42%
Average sale price for a home in St. John’s: $285,097 for the month of April and the 12 month average $281,644
Mount Pearl Real Estate: Listings = 32 Sales = 18 Sales/Listings Ratio = 41%
Average Sale Price (12 month average): $252,736
Paradise Real Estate: Listings =55 Sales = 26 Sales/Listings Ratio =52%
Average Sale Price (12 month average): $310,525
East Extern Real Estate: Listings = 53 Sales = 15 Sales/Listings Ratio = 33%
Average Sale Price (12 month average): $290,202
Conception Bay South Real Estate: Listings = 44 Sales = 15 Sales/Listings Ratio = 40%
Average Sale Price (12 month average): $258,061
St. John’s Newfoundland MLS Stats for March
Average price of a house in St. John’s dropped for the month of March. In January the average selling price (for that month only) was up over $300,000. See January MLS Stats here. For March the average was approx $277,000. The good news is yearly average prices haven’t dropped. They are actually up slightly. This is true for all areas in and around St. John’s. Sales/Listings Ratio have increased as well indicating we are starting to ramp up for the spring market.
The general population seems to think there are numerous homes for sale currently. (present company included) However, total number of listings for the year (compared to last year) is down 3%. I was surprised to see this as it doesn’t feel this way. This false impression I suspect is due to the drop in sales ( 5% YTD) and the large increase in expired listings – ( up 45% YTD). This coupled with houses staying on the market a lot longer then we are used to in recent years. I said it before….proper pricing on your home is key in this market and will be the same trend in 2011. Contact us for a free market evaluation on your home.
Total # of new MLS Listings [March] = 873 (based on residential stats)
Total # of Sales [March] = 335
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3477
Here is a break down by area for the month of March
St. John’s Real Estate: Listings = 173 Sales = 75 Sales/Listings Ratio = 40%
Average sale price for a home in St. John’s: $277,025 for the month of March and the 12 month average $279,472
Mount Pearl Real Estate: Listings = 45 Sales = 15 Sales/Listings Ratio = 33%
Average Sale Price (12 month average): $249,431
Paradise Real Estate: Listings =48 Sales = 32 Sales/Listings Ratio =67%
Average Sale Price (12 month average): $308,882
East Extern Real Estate: Listings = 36 Sales = 19 Sales/Listings Ratio = 53%
Average Sale Price (12 month average): $289,676
Conception Bay South Real Estate: Listings = 47 Sales = 28 Sales/Listings Ratio = 60%
Average Sale Price (12 month average): $255,683
St. John’s Newfoundland Real Estate Stats for January
Average sale price of a house for St. John’s and Paradise increased in January, both up over $300,000. I believe this is due to mostly new home construction sales. The bulk of homes sales (approx 57%) were in the $250,000 to $349,900 price range. The average price of a home in St. John’s is now approximately $279,000. There were 308 expired listings this month, up a whopping 52% from last January. Proper pricing on your home is key in this market and will be the same trend in 2011. Contact us for a free market evaluation on your home.
Total # of new MLS Listings [January] = 653 (based on residential stats)
Total # of Sales [January] = 207
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2925
Here is a break down by area for the month of January
St. John’s Real Estate: Listings = 168 Sales = 50 Sales/Listings Ratio = 30%
Average sale price for a home in St. John’s: $300,052 for the month of January and the 12 month average $278,753
Mount Pearl Real Estate: Listings = 34 Sales = 10 Sales/Listings Ratio = 29%
Average Sale Price (12 month average): $247,456
Paradise Real Estate: Listings =45 Sales = 17 Sales/Listings Ratio =38%
Average Sale Price (12 month average): $300,298
East Extern Real Estate: Listings = 42 Sales = 12 Sales/Listings Ratio = 29%
Average Sale Price (12 month average): $288,610
Conception Bay South Real Estate: Listings = 46 Sales = 13 Sales/Listings Ratio = 28%
Average Sale Price (12 month average): $255,094
St. John’s Newfoundland MLS Stats for November
Supply and demand for real estate in St. John’s and surrounding areas are getting fairly well balanced. Over all for the 2010 year we are up 6% on listings and flat on total sales. The majority of properties sold this month were evenly split between $150,000 to $249,900 and $250,000 to $349,900. That being said the number of listings this month is up 32% from last November and the sales are down 21%. Along with this we had 401 expired listings this month, up 18% from last year. Again I will say: proper pricing on your home is key in this market and will be the same trend in 2011.
Total # of new MLS Listings [November] = 595 (based on residential stats)
Total # of Sales [November] = 366
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3519
Here is a break down by area for the month of November
St. John’s Real Estate: Listings = 129 Sales = 87 Sales/Listings Ratio = 67%
Average price for a home in St. John’s: $276,910 for the month of November and the 12 month average $276,596
Mount Pearl Real Estate: Listings = 23 Sales = 11 Sales/Listings Ratio = 48%
Average Sale Price (12 month average): $242,577
Paradise Real Estate: Listings =46 Sales = 27 Sales/Listings Ratio =59%
Average Sale Price (12 month average): $294,424
East Extern Real Estate: Listings = 35 Sales = 13 Sales/Listings Ratio = 37%
Average Sale Price (12 month average): $284,647
Conception Bay South Real Estate: Listings = 43 Sales = 22 Sales/Listings Ratio = 51%
Average Sale Price (12 month average): $248,663
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
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
Recent Entries
- Lisa – 2012-05-17 17:33:54
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- Cy Hookey – 2012-05-10 11:21:57
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- Ida Cote-Persson – 2012-05-03 23:05:58
- ED SOPER – 2012-05-03 19:19:20
- David – 2012-05-01 12:50:52
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