Newfoundland Real Estate MLS Stats February

March 2, 2010 · Filed Under Market Trends, Monthly MLS Stats, Mount Pearl Real Estate, Paradise Real Estate and St. John's Real Estate 

Buyers are taking advantage of favourable real estate market conditions around St. John’s and areas….sellers too are reaping the rewards. Multiple offers are a factor in our marketplace once again, with well-priced listings—especially around the $200k to $260k  price range. Properties priced at market value will likely sell quickly for top dollar. The overall pressure on sales and price is significant across the board – and it’s not likely to subside unless more inventory comes on-stream.  The Bank of Canada released today that it will keep it’s interest rate “as is” but hinted at the fact it will most likely increase in June/July due to Canada’s higher then expect latest GDP numbers.

Total # of new MLS Listings [Feb] =567 (based on residential stats)

Total # of Sales [Feb] = 259

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2650 (residential only)

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

St. John’s Real Estate: Listings = 117   Sales = 66 Sales/Listings Ratio = 56%

Average Sale Price is St. John’s: $270,742 for the month of February and the 12 month average $240,470

Mount Pearl Real Estate: Listings = 13 Sales = 7  Sales/Listings Ratio = 54%

Average Sale Price (12 month average): $218,063

Paradise Real Estate: Listings =64 Sales = 18 Sales/Listings Ratio =28%

Average Sale Price (12 month average): $268,980

East Extern Real Estate: Listings = 37 Sales = 14  Sales/Listings Ratio = 38%

Average Sale Price (12 month average): $259,371

Conception Bay South Real Estate: Listings = 48   Sales = 19  Sales/Listings Ratio = 40%

Average Sale Price (12 month average): $225,728

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