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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 [...]