The number of home sales in St. John’s increased in November to 477.  This is up 30% from November 2010.  There was a fair amount of activity this month compared to the previous months.   Listings were up only 2% and expired listings dropped back to 10%, but it was the 30% gain in sales for November made a huge difference to our market place.  It’s good to see expired listings  slowly dropping to normal levels.   With lots of buyers in the market place we should see a fairly active beginning to 2012 in St. John’s.

RE/MAX released their Canadian Housing Market Estimates for 2012 and prices for a house in St. John’s and surrounding area is estimated to increase by 5% in 2012.

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

Total # of MLS Listings [November] = 754 (based on residential stats)

Total # of Sales [November] = 477

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3600

Here is a break down by area for the month of November

St. John’s Real Estate: Listings = 144   Sales = 114 Sales/Listings Ratio = 79%

Average sale price for a home in St. John’s: $292,747 for the month of November and the 12 month average $290,428

Mount Pearl Real Estate: Listings = 18 Sales = 23  Sales/Listings Ratio = 128%

Average Sale Price (12 month average): $260,357

Paradise Real Estate: Listings =38 Sales = 45 Sales/Listings Ratio =118%

Average Sale Price (12 month average): 325,088

East Extern Real Estate: Listings = 33 Sales = 20  Sales/Listings Ratio = 61%

Average Sale Price (12 month average): $313,363

Conception Bay South Real Estate: Listings = 37   Sales = 32  Sales/Listings Ratio = 65%

Average Sale Price (12 month average): $273,702

21 Magee Drive is a charming one year old Victorian home located in Thomas Estates. There are 3 bedrooms and 2.5 bathrooms, lots of room for a growing family! The main floor contains a large, bright open-concept kitchen that balances both style and practicality. The kitchen also features a large versatile island and elegant custom-built cabinetry, organized around family living. Wide entrances and doorways with beautifully crafted mouldings open up the main floor to a formal, yet cozy living room featuring a beautiful propane fireplace. A custom designed staircase leads the way to a large master bedroom with a walk-in closet, reading nook, and an elegant ensuite with a jacuzzi and separate custom-built tile shower. Both main floor and upstairs feature luxurious dark hardwood floors while the ensuite and main bath have ceramics. The up and downstairs have been fitted with a state of the art surround sound system that allows for the convenience of multiple source inputs and is great for entertaining. Drive in access to the back yard.  Asking price is $369,900.  MLS:167443  Contact Fraser or Stephen Winters for more information.  **EXPIRED**

Be sure to view the virtual tour and view the interior photos.  Click here for 21 Magee Drive virtual Tour

**SOLD**Fraser and Stephen Winters have just listed an executive 3900 square foot 2 story home with premium finishes fixtures located on an oversized lot. 26 Clarke’s Hillview is located in Paradise.  (off Camrose Drive). This lovely new construction home has everything. Cherry hardwood floors throughout most of home. Ceramic floors in kitchen bathrooms. Maple hardwood stairs. Large open concept family room with propane fireplace leads into spacious eat in kitchen equipped with solid maple cabinets. There is a formal living room as well as a formal dining room. An oversized master bedroom with walkin closet and ensuite which consists of a corner standup shower, large soaker tub very functional double vanities. All door trims, door toppers, wide baseboard mouldings are made of pine. Crown mouldings can be found throughout most of the main floor. This property will be landscaped front and back and there will be a pave driveway (enough for 5 cars). On the right hand side a 6 foot high privacy fence will be installed. 16×12 pressure treated deck at rear.  Asking price is $424,900 Reduced: $409,900. MLS: 156309

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

Just listed in Paradise in the popular Elizabeth Park subdivision, this very well maintained 5 year old split entry bungalow. Laminate flooring throughout most of main floor. Ceramic tiles in kitchen, porch and bathroom. Open concept eatin kitchen with adjoining family room. Fully fenced back yard with 10×12 PT deck. Basement is roughed in for apartment. Still under 7 year Atlantic Home Warranty. Asking price for 106 Carlisle Drive is $224,900.  Call Fraser or Stephen Winters for more information. MLS LISTING # 145029

Just like new two-storey, three bedroom home in Sunset Gardens, Paradise.  Eat-in kitchen with door leading to padio deck.  Hardwood throughout most of main floor.  Master bedroom has three piece ensuite and walk-in closet.  Main floor half bathroom. This property has rear yard access.  Undeveloped full sized basement with lots of potential.

Asking price: $229,900

Call Fraser & Stephen Winters for more information.

New listing on 154 Elizabeth Drive in Paradise. Fully developed 4 year old home with rear yard access to 16×20 detached garage. Eat-in country style kitchen with birch cabinets. Hardwood floors throughout main with porcelain tile in porch, kitchen and bathroom. Basement fully completed with separate den, large rec room and bathroom. Rec room has rough in for wet bar. Garage is insulated and fully wired. Landscaped, fenced and greenbelt at rear. Shows like new!! Asking price $245,900.  Call Fraser or Stephen Winters for more information or a private viewing. 682-9245 or 682-9045.