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St. John's Newfoundland is one of North America’s oldest cities. Spectacular coastlines, panoramic views, outdoor adventure, rich history and culture await all who live here.
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Since Chevron signed the multibillion-dollar memorandum of understanding to develop the Hebron offshore oilfield project back in August 2007, St. John's real estate and surrounding areas have gained favorable optimism and increases in residential homes. Looking to sell you home for TOP DOLLAR? Contact Fraser and Stephen Winters for your free, confidential Home Market Evaluation
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March Newfoundland Real Estate Stats
Total # of Listings [Mar] = 614 (Down 19% from March 2007)
Total # of Sales [Mar] = 260 (Down 9% from March 2007)
Number of Active Listings in the NLAR MLS System = 2192
Inventory decreased 19% in March over the previous year and down from February MLS stats. Sales to date have increased 18% since January, however decreased from February. Expired listings have declined by 27% meaning listings are selling faster and people are pricing homes correctly. The sales dollar volume year to date has increased by 30% meaning increases in real estate property values and higher end homes being sold.
Here is a break down by area for the month of March for single family homes
St. John’s Real Estate: Listings = 117 Sales = 69 Sales/Listings Ratio = 59%
Average Sale Price: $171,935
Mount Pearl Real Estate: Listings = 13 Sales = 7 Sales/Listings Ratio = 54%
Average Sale Price: $150,772
Paradise Real Estate: Listings = 51 Sales = 15 Sales/Listings Ratio = 29%
Average Sale Price: $187,233
East Extern Real Estate: Listings = 30 Sales = 13 Sales/Listings Ratio = 43%
Average Sale Price: $191,781
Conception Bay Real Estate: Listings = 33 Sales = 18 Sales/Listings Ratio = 55%
Average Sale Price: $162,531
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[...] Miami Mc wrote an interesting post today onHere’s a quick excerpt Total # of Listings [Mar] = 614 (Down 19% from March 2007) Total # of Sales [Mar] = 260 (Down 9% from March 2007) Number of Active Listings in the NLAR MLS System = 2192 Inventory decreased 19% in March over the previous year and down from February MLS stats. Sales to date have increased 18% since January, however decreased from February. Expired listings have declined by 27% meaning listings are selling faster and people are pricing homes correctly. The sales dollar volume year to date has [...]