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
Mount Pearl Home for sale – 26 Michener Ave
New listing in Mount Pearl. This fantastic home with essentially nothing to do but move in! A great little property with vinyl windows, vinyl siding, some new laminate flooring and a new recroom in basement. Main floor family room is bright and cozy. 3 bedrooms on second floor. Main bathroom has lots of upgrades. Front and rear deck as well as a fenced rear yard. Asking price is $144,900. MLS # 144825 Call Stephen or Fraser Winters for more information. 709.682.9045 or 709.682.9245
September Newfoundland Real Estate Stats

The monthly Newfoundland Real Estate MLS housing price break down is showing an increase of 6% in listings this month and an increase of 27% in home purchases. Year to date, listings are up 1% and sales up 13% compared to this time last year. Properties sold in St. John’s in the $180,000 to $350, 000 range have doubled in number of units sold.
Total # of New MLS Listings [Sept] = 834
Total # of Sales [Sept] = 606
Number of Active Listings in the NLAR MLS System = 2587
The average price of a home in the St. John’s Real Estate market is now $183,929 year to date for 2008. Compared to $165,813 9YTD) for 2007. Remember this is for ALL Newfoundland (nlar.ca) Prices are closer to the $200,000 average in St. John’s, Mount Pearl and surrounding areas.
Here is a break down by area for the month of September for single family homes
St. John’s Real Estate: Listings = 178 Sales = 122 Sales/Listings Ratio = 67%
Average Sale Price: $192,575
Mount Pearl Real Estate: Listings = 21 Sales = 24 Sales/Listings Ratio = 114%
Average Sale Price: $177,445
Paradise Real Estate: Listings =52 Sales = 32 Sales/Listings Ratio = 61%
Average Sale Price: $210,327
East Extern Real Estate: Listings = 43 Sales = 25 Sales/Listings Ratio = 54%
Average Sale Price: $219,413
Conception Bay Real Estate: Listings = 41 Sales = 41 Sales/Listings Ratio = 100%
Average Sale Price: $197,360
Mount Pearl Real Estate 2-apt
19 Moores Drive
Asking $199,900

Well maintained registered 2-apt home in Mount Pearl off Ruth Ave. Large landscaped lot backing on greenbelt. Large 2 car detached garage with rear yard access. New vinyl windows, new electrical. Basement apartment has 2 bedrooms and is currently rented. Great investment property. Call Fraser or Stephen Winters for more information or a private viewing.











