St. John’s RE/MAX Market share for 2011

January 6, 2012 · Filed Under Remax Newfoundland, Remax Reports and St. John's Real Estate · Comment 

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RE/MAX First Time Buyer Report 2011 for St. John’s

April 6, 2011 · Filed Under First Time Buyers, Market Trends, Remax Newfoundland and Remax Reports · Comment 

Demand for housing in St. John’s remains healthy, particularly among first time buyers, despite a decline in year-to-date sales.  Buyer’s market conditions and the best choice of product in years have buoyed the entry-level segment, along with wage gains, economic growth and rising consumer confidence levels. Affordability continues to be  favourable, with increased earnings offsetting the more moderate price growth of late.  Most young home buyers are now active from $200,000 to $250,000.  Those buying new construction will have to ante up more—typically between $230,000 and $280,000 to start—as the  price of new construction has risen at a greater rate.  Those on a tight budget will find that homes listed below $200,000 are few and far between and tend to sell for close to full price, if listed at fair market value.  Some even generate a rare multiple offer.

To illustrate the supply issue, only 34 homes have sold year-to-date under $175,000, accounting for just 10 per cent of all sales, and only 39 listings under that price point are currently available. Given that, buyers at the lowest end of the price spectrum will have to act more quickly.  The housing mix in St. John’s continues to favour the single detached home, particularly in the first-time buyer segment.

Of the 34 homes sold under $175,000, only three were condominiums. Entry-level condominium product remains limited in St. John’s, as builders continue to focus on the mid-range—units priced between $250,000 and $350,000. While condominiums are gaining traction with younger buyers, they remain only a small portion of entry-level sales. Condominiums now start from $165,000 to $175,000 for an  older, 650 to 750 sq. ft. walk-up unit on Thorburn Rd., Dalton Ave., and in Pleasantville.

With the current oversupply of homes listed for sale in St. John’s, buyers remain in the driver’s seat. That, along with historically low interest rates, continues to serve as a significant  impetus.

Detached homes can be found from $169,000 for an older bungalow requiring work, located on the peripherals. Older homes are most popular. Most sought-after are properties priced between $210,000 and $250,000 in established neighbourhoods such as Cowan Heights, Mount Pearl and Paradise. Most buyers are realizing their choice location, with little need to compromise.  Those that must choose are opting to spend a little more, if necessary.

Solid demand among first-time purchasers is expected to carry over in to the spring market, with new financing criteria expected to have little impact. In fact, look to sales in the entry-level segment to prompt greater activity in the move-up range in the months ahead. February year-to-date sales were 11 per cent off year-ago levels, with 359 sales recorded, while average price continued its ascent at $255,512, up just over five per cent.

Full RE/MAX Media Release for the First Time Buyers Report 2011

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RE/MAX St. John’s & Area Market Share for January to June 2010

July 14, 2010 · Filed Under Remax Newfoundland and Remax Reports · Comment 

remax st. john's real estate market share

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Innovative new program helps homeowners secure the value of their biggest investment

April 24, 2009 · Filed Under Real Estate Canada and Remax Newfoundland · 1 Comment 

As home sellers in St. John’s real estate market adjust to increasingly competitive market conditions, RE/MAX has launched Fit To Sell, a timely program designed to secure a quick sale for top dollar.

“In the past two months, hundreds of homes have been listed for sale, but only 40 per cent have sold,” explains Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada. “This innovative new program encourages existing homeowners to increase their stake in the home-selling process by working with their real estate professional to maximize their homes’ potential.”

The launch of Fit To Sell coincides with the opening of the St. John’s Home Show, scheduled for April 30 through to May 3, at the Mile One Centre. RE/MAX will be presenting its Fit To Sell tips, developed with the help of popular staging expert Carla, host of the DVD series ‘How to Stage your own Home’ and owner of Nex-Step Design, at the event.

“We know that location, price, and condition are the three major factors that come into play when selling a home – and while location and price are clearly choices made by the buyer at the onset, condition is the one factor that a seller can influence,” says Polzler. “Sellers who make the right decision in preparing their home for sale can significantly improve their bottom line.”

Check out the Fit to Sell website www.fittosell.ca for a comprehensive package of videos and checklists to get top dollar for your St. John’s home.

Be sure to fill out your online ticket for a chance to win a $25,000 Viking Kitchen through the RE/MAX Ultimate Viking Kitchen Contest.

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RE/MAX St. John’s Real Estate Market Share

January 19, 2009 · Filed Under Remax Newfoundland and Remax Reports · 1 Comment 

remaxmarketshare2008

The stats have been tallied and once again RE/MAX is leading the way in market share for St. John’s and surrounding areas.  Over 40% of the real estate business in St. John’s is being transacted with RE/MAX Realtors and the RE/MAX branding.

As reported back in July for the first two quarters in 2008 for  St. John’s real estate market update, RE/MAX has been consistantly hovering near 40%.  In fact for over 5 years I’ve seen RE/MAX going from the mid thirties and up.

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Team Remax CIBC Run for the Cure

September 8, 2008 · Filed Under Remax Newfoundland and St. John's General · 1 Comment 

Breast cancer affects Canadians from coast to coast.  On Sunday, October 5, 2008, unite with all Canadians in the Canadian Breast Cancer Foundation CIBC Run for the Cure. Once again Team Remax is involved with helping to fundraise for this great event.

The Run was created in 1992 by a small group of volunteers who wanted to raise awareness and funds for the cause. The first event took place in Toronto. Over 1,500 participants raised $85,000 – an outstanding success!  Through the ongoing dedication of our volunteers, this single Run event grew into what it is today … Canada’s largest single-day, volunteer-led fundraising event dedicated to breast cancer research, education and awareness.

In 2007, 53 communities and 170,000 Canadians participated in the Canadian Breast Cancer Foundation CIBC Run for the Cure. Together, we raised more than $27 million for breast cancer research, education, and awareness programs. What an incredible success!

This year I’ve decided to take a more active roll. I am participating in the Canadian Breast Cancer Foundation CIBC Run for the Cure, on Sunday, October 5th and I am asking for your support for a cause that is very important to me.

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Newfoundland Real Estate Market Share

July 23, 2008 · Filed Under Remax Newfoundland and Remax Reports · Comment 

RE/MAX is once again top of the leader board for real estate market share in St. John’s and surrounding areas. Boasting slighty over 40% over all other competitors for the first half of 2008.

Newfoundland Real Estate Market Share

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