Clovelly Trails subdivision is one of the most popular subdivisions in the east end of St. John’s. The area offers well constructed homes by three of the top builders in St. John’s; Hann Construction, Erco Homes and New Victorian Homes.
Clovelly Trails has much to offer for the home owner. Located right in your “backyard” is The Osprey. One of the best golf courses St. John’s has to offer. Stavanger Drive (which loops around the Clovelly subdivision) offers shopping box stores, super markets, restaurants, coffee shops and easy access to the Outer Ring Road. Not to mention you are located 5 mins from the St. John’s Airport.
Housing prices in the Clovelly subdivision range from 350k up to a little over the 1 million dollar mark. The average price for a home in Clovelly would be approximately 450k. The houses typically sell quickly in this area due to it’s popularity. It’s not uncommon for residences of the earlier subdivision phases to sell and build in one of the newer phases. A bulk of the homes sold in the St. John’s Real Estate market come from this area. If you are curious to see what your home is worth in Clovelly, contact us for a free market evaluation.
Clovelly also is home to two 50 plus condominium complexes. An older complex (Manchester) is located in the early phase of the subdivision while newer detached bungalows are located in the new area of Osprey Landing.
The following schools are zoned for the families with children in Clovelly Trails.
Mary Queen of Peace (K – 6)
St. Paul’s Junior High (7 – 9)
Holy Heart of Mary (10 – 12)
For the St. John’s real estate market, starts for the first quarter of 2013 were 176. 133 of which was single detached. Total starts declined 38.7% with only a 6.3% decline for single detached.The average MLS price for a home in the St. John’s Real Estate Market was $309,551 for the first quarter of this year. This is an increase of 4.3% from last year’s first quarter. MLS sales have decreased by 34.1% comparing the two quarters.
Below are some snippets from CMHC’s Housing Market Outlook – Atlantic Region
- Housing starts in Atlantic Canada increased close to 33 per cent in the first quarter as a result of a significant rise in multiple starts. Single starts were down close to 24 per cent.
- Three of the four Atlantic provinces increased starts. Newfoundland was the lone decliner of new home starts
- Residential home starts declined 26% for Newfoundland
- Housing starts in Atlantic Canada are expected to fall about 11% for 2013 and a further 6% for 2014
- Multiple starts to fall 17% for 2013 and 12% for 2014 for the Atlantic provinces
- MLS® prices in the first quarter of 2013 were up close to three per cent. The full-year forecast for 2013 is for an increase of two per cent with a further 2.3 per cent rise expected in 2014.
- Sale were down close to 13% for the first quarter 2013
- Newfoundland will have the best economic performance in Atlantic Canada in 2013 and 2014 in terms of GDP growth. 2.5% for 2013 and 1.5% growth in 2014.
Released yesterday from CMHC – Housing starts in the St. John’s region decreased during the month of June, according to preliminary data1 released today by Canada Mortgage and Housing Corporation (CMHC). June’s housing starts totalled 237 units throughout the St. John’s area compared to 278 units in June 2011. Year-to-date starts are up 15 per cent to 931 units.
Single-detached and multiple unit construction activity both declined throughout the St. John’s area in June. There were 64 multiple units recorded versus 85 a year ago, while single-detached starts decreased ten per cent to 173 units compared to 193 last June. “Despite slower new home construction activity in June, solid economic and demographic fundamentals continue to support the local housing market,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador.
In urban centres across Canada, total housing starts recorded in June were up 12 per cent to 18,144 units compared to 16,244 a year ago. Single-detached starts decreased five per cent to 6,923 units, while multiple starts increased 25 per cent to 11,221 units in June. In the Atlantic region, 1,121 new homes were started compared to 1,055 during June 2011.
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Urban housing starts increased during the month of June, according to preliminary data released by Canada Mortgage and Housing Corporation (CMHC). June’s housing starts totaled 232 throughout the St. John’s area versus 183 starts in June of 2009. There were 53 additional starts recorded outside the St. John’s area, for a total of 285 provincial urban starts compared to 230 last June. “The number of new homes started in June represents a significant increase compared to June 2009. Year-to-date starts are up 25 per cent within the St. John’s region, with 822 starts recorded during the January to June period,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Healthy economic and demographic trends have supported new home demand during the first half of 2010,” added Janes. In urban centres across Canada, total housing starts increased 31 per cent with 15,345 recorded in June compared to 11,686 during June of 2009. Throughout Atlantic Canada, there were 1,012 urban housing starts posted versus 904 the previous June, an increase of 12 per cent.
Complete news release can be found here
ST. JOHN’S, January 11, 2010 – Urban housing starts posted consistent results during the month of December, according to preliminary released today by Canada Mortgage and Housing Corporation (CMHC). December’s housing starts totaled 201 throughout the St. John’s area versus 202 starts in December of 2008. An additional 22 starts were recorded in other urban areas across the province, for a total of 223 provincial starts compared to 226 the previous December. For 2009, urban housing starts totaled 1,703 in the St. John’s area and 2,022 provincially.
“The local residential construction industry remained buoyant throughout 2009 and ended the year off just nine per cent compared to 2008’s record pace,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “Despite weakness in the global economy in 2009, positive local economic and demographic factors continued to support stable residential construction activity within the St. John’s region, as well as in other urban centres across the province,” added Janes.
For Canada’s urban centres, total housing starts increased 17 per cent with 12,262 recorded in December compared to 10,488 during December of 2008. Single-detached starts increased 44 per cent to 6,222, while multiple starts of 6,040 represent a two per cent decline from a year ago. Throughout Atlantic Canada, there were 672 urban housing starts posted versus 574 the previous December, an increase of 17 per cent.