January Newfoundland Real Estate Stats

February 1, 2008 · Filed Under Monthly MLS Stats and St. John's Real Estate 

Total # of Listings [Jan] = 583 (Down 32% from January 2007)

Total # of Sales [Jan] = 266 (Up 53% from January 2007)

Number of Active Listings in the NLAR MLS System = 1902

Average Sale Price year to date = $170,552

Inventory is down again this month. With lots of buyers and lack of inventory, we are seeing most properties listed in St. John’s receiving multiple offers. CMHC might be classifying our market as balanced in their Newfoundland MLS Trends Report for the 4th Quarter, but we are clearly heading into a sellers market for the early part of 2008.

Here is a break down by area for the month of January for single family homes

St. John’s Real Estate: Listings = 76 Sales = 112 Sales/Listings Ratio = 68%

Average Sale Price: $185,886

Mount Pearl Real Estate: Listings = 18 Sales = 14 Sales/Listings Ratio = 78%

Average Sale Price: $173,200

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

Average Sale Price: $207,931

East Extern Real Estate: Listings = 21 Sales = 13 Sales/Listings Ratio = 62%

Average Sale Price: $177,123

Conception Bay Real Estate: Listings = 37 Sales = 15 Sales/Listings Ratio = 41%

Average Sale Price: $159,280

Tags: , , , , ,

Comments

2 Responses to “January Newfoundland Real Estate Stats”

  1. Marg Scheben-Edey on February 1st, 2008 7:14 pm

    Wow, these are great ratios and it looks like your market may be one to watch in 2008. (Do you really have an area called “Paradise?” I LOVE that!)

  2. Stephen Winters on February 2nd, 2008 8:45 pm

    Yes we have a town out the outskirts of St. John’s called Paradise. Beautiful place. Real estate is booming it that area as well.

Leave a Reply