St. John's Real Estate Blog » St. John’s Real Estate

New listings near downtown St. John’s 37 Golf Ave

Stephen Winters — Fri, 30 Jul 2010 16:29:59 +0000

Great Location near downtown St. John’s. 37 Golf Ave – $159,900 Spacious 5 bedroom home with two bathrooms located within walking distance to Mun and close to St. Clare’s Hospital. Large deep lot. Main floor laundry. Hot Water Radiation heat. Mostly new vinyl windows. 125 Amp Breaker Panel. Off street parking. Great Investment property. MLS:157071 Call Fraser or Stephen Winters for more information.

Investment property in St. John’s near Memorial University of Newfoundland – 39 Weymouth

Stephen Winters — Thu, 15 Jul 2010 15:54:19 +0000

Great investment property on the doorstep of Memorial University of Newfoundland (MUN). 39 Weymouth is a 2400 sqft fully developed 3 bedroom bungalow with a 2 bedroom inlaw suite in the basement. Within the past few years there have been numerous upgrades including new vinyl siding, vinyl windows and shingles. Hardwood floors throughout most of the main floor. Open concept family room / dining room separated by a wood burning fireplace. There is a large deck and mature trees providing lots of privacy in the backyard. Close to Health Sciences, MUN and the Avalon Mall. Asking price is $314,900 MLS: 156488

St. John’s Newfoundland Real Estate June MLS Stats

Stephen Winters — Mon, 12 Jul 2010 09:29:34 +0000

The real estate market for St. John’s and surrounding areas saw slight increases in the number of listings on the market in June as well as the number of sales. The number of expired listings are up a whopping 23% since the same month last year. What’s the cause? As I mentioned there are a lot of listings on the market so supply and demand would be a factor for sure. The biggest reason is there are a lot of houses listed on MLS in the St. John’s real estate market that are over priced.

Total # of new MLS Listings [Jun] =1141 (based on residential stats)

Total # of Sales [Jun] = 483

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3777 (residential only)

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

St. John’s Real Estate: Listings = 220 Sales = 121 Sales/Listings Ratio = 55%

Average Sale Price is St. John’s: $264,848 for the month of June and the 12 month average $251,390

Mount Pearl Real Estate: Listings = 30 Sales = 13 Sales/Listings Ratio = 43%

Average Sale Price (12 month average): $224,158

Paradise Real Estate: Listings =70 Sales = 37 Sales/Listings Ratio =53%

Average Sale Price (12 month average): $278,250

East Extern Real Estate: Listings = 52 Sales = 15 Sales/Listings Ratio = 29%

Average Sale Price (12 month average): $271,421

Conception Bay South Real Estate: Listings = 58 Sales = 25 Sales/Listings Ratio = 43%

Average Sale Price (12 month average): $236,965

New home for sale in Cowan Heights – 15 Harrington Drive

Stephen Winters — Fri, 18 Jun 2010 00:21:01 +0000

Fraser and Stephen Winters have just listed a very well cared for 2-apt home in Cowan Heights with a favorable open concept layout. 15 Harrington Drive has hardwood and ceramic floors throughout the main unit. Country style kitchen with oak cabinets, center island and separate dining room. The family room is very bright and spacious. The main unit has a large rec-room complete with hardwood flooring as well as a laundry/storage room and half bathroom. The oversized bedroom in the basement apartment will be easy to rent. Once again you will find the apartment to be open concept and bright like the main floor unit. Basement apartment has its own laundry. The back yard includes a two tier pressure treated patio, is fully fenced and nicely landscaped. There is a detached 12×20 wired garage. Time to get into this booming St. John’s Real Estate market. This home will make a great investment property. Asking price is $299,900. MLS 155475

For Sale: Cabin on pond near St. John’s – 37 Juniper Lake

Stephen Winters — Mon, 07 Jun 2010 20:13:05 +0000

Fraser and Stephen Winters have just listed this great cabin only 45mins from the East End of St. John’s. This 3 bedroom cabin is nestled right on a pond providing plenty of privacy. Interior includes pine decor, rustic wood flooring, full bathroom with running water. Wood stove in the family room. The large patio deck in the front overlooks the pond. This cabin has had one owner and shows pride of ownership. Furniture and appliances included. Electric heat. Enjoy privacy and peacefulness right on the pond. Beautifully landscaped 0.80 acre lot. 37 Juniper Lake – located just off Roach’s Line. Asking price is $149,900. MLS: 154988

For a virtual tour of this beautiful cabin click here.

St. John’s Real Estate Market Posts Strong First Quarter in 2010

Stephen Winters — Mon, 17 May 2010 12:16:26 +0000

Historically low mortgage rates, combined with strong economic and demographic trends, buoyed local demand for housing in the first quarter of this year. January to March housing starts posted record results, while existing home sales and prices both continued to advance.

Overall, the St. John’s real estate market was supported by growth in employment, income and population, healthy consumer spending and on-going economic momentum spurred by the local oil sector.

Residential construction activity posted record results during the January to March period, due in part to an unseasonably mild winter. New home prices also advanced in line with the general market trend. First quarter housing starts activity increased 15 per cent, with 246 starts versus 214 in 2009’s first quarter. Single-detached starts increased by 23 units or 20 per cent, with 199 starts recorded versus 166 during the first three months of last year.

The multiple starts segment was flat, with 47 starts during the quarter compared to 48 a year ago. The only sub-market which reported increased construction activity was the St. John’s City submarket during the January to March period (104 starts compared to 88 a year ago), with Mount Pearl posting 15 starts versus 17 during 2009’s first quarter and Paradise recording 62 versus 65 a year ago. Conception Bay South (CBS) recorded 22 starts in the first quarter, consistent with 2009’s first quarter while starts in Torbay remained flat after this first quarter with 14. In the remainder of the CMA, starts increased from eight in the first three months of 2009 to 29 this year.

Price growth continued, with the average new house price increasing in all submarkets. In fact, the average price of a new home surpassed the $325,000 mark in St. John’s City and the $350,000 mark in Torbay. Average sales price ($354,333) and average sales growth (26.4 per cent) were highest in the Torbay submarket of the St. John’s CMA. The average new single-detached house price for the overall St. John’s CMA increased nearly 20 per cent to a record $311,638 compared to $259,990 during the first quarter of 2009. CBS posted the lowest average new house price of $248,328 during the quarter. Paradise had the second highest rate of new house price growth in the first quarter at 25.1 per cent to $333,388.

Throughout the St. John’s area, approximately 47 per cent of all new construction activity fell within the $300,000 plus range during the quarter. The largest growth in market share occurred in the $400,000+ segment. Overall, new home price growth remained brisk throughout the quarter.

SOURCE: CMHC Housing Now St. John’s CMA

New home for Sale in East End St. John’s – 16 Cahill Drive

Stephen Winters — Wed, 28 Apr 2010 09:59:42 +0000

Fraser and Stephen Winters have just listed 16 Cahill Drive. A very well maintained bedroom split entry home in Airport Heights (east end St. John’s). Oversized master bedroom with double closets. Spacious eat-in country style kitchen with new exterior door leading to a 10×10 patio deck. Laminate and ceramic flooring throughout most of main floor. Basement includes a tastefully decorated recroom with pre-engineered hardwood flooring, large laundry room and a third bedroom. Backyard is partially fenced and includes a storage shed. On Metro bus route. Asking price is $249,900. MLS number: 153463.

To view interior photos click here

First Quarter Newfoundland MLS Trends 2010

Stephen Winters — Wed, 07 Apr 2010 06:12:36 +0000

Canada Mortgage and Housing have released the First Quarter 2010 MLS Trends – Newfoundland and Labrador issue. Below are the key points in the release.

Record MLS® Residential Sales during First Quarter

MLS® sales increased 25.8% to a record 784 compared to 2009’s first quarter sales of 623 January, February and March MLS® sales were 240, 234 and 310, respectively.
First quarter average MLS® residential house price climbed nearly 18% to $230,376 compared to $195,517 during the first quarter of 2009.

Market Conditions Fluctuated

There were approximately 1,850 new residential listings during the first quarter compared to 1,500 during the same period in 2009 Active listings or inventory averaged 1,500 from January to March and around the same during Q1 of 2009.
The sales-to-active listings ratio dipped into buyers territory, but hit 18.9% in March and averaged 17.3% during the quarter versus 13.8% in the first quarter of 2009

Active Listings Remain Low

Despite the surge in new listings, record first quarter sales caused active residential listings to remain relatively low
Active listings for January, February and March were 1,369, 1,503 and 1,644, respectively
Although inventory was similar to 2009’s first quarter level, the 25.8% increase in sales resulted in balanced market conditions during most of the quarter

St. John’s Property Assessment and Property Tax Information

Stephen Winters — Tue, 06 Apr 2010 14:38:27 +0000

The St. John’s Property assessment is the estimated value of a property (land and building) utilized for municipal taxation purposes. The “Assessment Act 2006” is the Legislative authority governing assessment and taxation in the City. The assessment value can at times be similar to fair market value, however with the fast changing St. John’s Real Estate market the two values can be greatly different in figures.

From the City of St. John’s website “the City’s assessments are calculated on the basis of a property’s market value as of a specific point in time, referred to as the “base date”. The presently applicable “base date” on which your assessment is calculated is January 1st, 2008. In other words, the market value of your property on that date is presently utilized to calculate your municipal taxes for 2010.”

To find out the assessment value of a home in St. John’s visit the Property Assessment Search

Annual residential property taxes for St. John’s are calculated at a rate of 10.1 mils, or 1.01 % of a property’s total assessment (for the year 2010). A property with a total assessed value of $100,000. would be charged an annual property tax of $1010.00, calculated as follows:

Assessed Value of St. John’s Home = $100,000.
Multiplied by the Mil Rate = .0101 (10.1 Mils)
Annual Property Tax for 2010 = $1010.00

Don’t forget to include your water taxes. Water taxes for St. John’s are a flat rate of $520. (multiplied by 2 if you have a 2-apt home)

So a $100,000 property would have a total property tax of $1530 for the year or $127.50 per month.

New home for sale in Grovesdale Park – 4 Marshall Place

Stephen Winters — Mon, 22 Mar 2010 21:03:12 +0000

Fraser and Stephen Winters have just listed 4 Marshall Place. A hot new listing in Grovesdale Park! This beautiful 3 bedroom, two storey duplex features an eat in kitchen with oak cabinets and patio door leading to a 10×12 deck. Master bedroom includes ensuite and walk in closet. Enjoy the convenience of having a 1/2 bathroom and laundry room on the main floor. Property is situated in a cul-de-sac on a LARGE lot near MUN, Avalon Mall and Health Science Center. Great opportunity for an investor or first time home buyer. Asking price: $236,900. MLS:152286 ** SALE PENDING **

Investment property near CONA, MUN and Marine Institute – 156 Higgins Line

Stephen Winters — Sun, 07 Mar 2010 18:23:03 +0000

Fraser and Stephen Winters have just listed 156 Higgins Line. An absolutely fantastic 2-apartment home located on the doorstep to Marine Institute, CONA and MUN. Lots of upgrades in recent years including roof, siding,vinyl windows and laminate flooring. 3 bedrooms in the main unit and 2 bedrooms in the basement apartment. Large open concept dining room adjacent to the living room. Master bedroom has a 2 piece ensuite. Large recroom in basement for the main unit living area. Conveniently locate on bus route. Home is situated on a large deep lot (land goes back further then back fence) a rare find in this area. Great investment property! MLS Number: 151858 Asking price is $269,900. **SALE PENDING**