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.












