Newfoundland Real Estate Stats for August

September 7, 2009 · Filed Under Monthly MLS Stats and St. John's Real Estate 

We are about to enter into the fall St. John’s real estate market and things are still looking positive for the remainder of the year.  Average MLS housing prices for Newfoundland have been steadily increasing throughout the year.  Thanks to continuing low mortgage rates first time buyers and those looking to up size to bigger homes can still do so despite the large increase in Newfoundland housing prices since last year.  Two apartment (2-apt) homes are still in high demand and if priced right usually sell fairly quickly and for top dollar.

The average price for a home in St. John’s edged slightly higher again for another month, currently at $223,810 for a 12 month period) compared to the Newfoundland Average Sale Price of $201,799.  This is up from $170,941 from last years prices.

Total # of MLS Listings [Aug] =494 (based on single family homes)

Total # of Sales [Aug] = 336

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2261 (residential only)

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

St. John’s Real Estate: Listings = 187   Sales = 147 Sales/Listings Ratio = 79%

Average Sale Price is St. John’s: $244,195 for the month of August

Mount Pearl Real Estate: Listings = 25 Sales = 26  Sales/Listings Ratio = 104%

Average Sale Price: $200,862

Paradise Real Estate: Listings =65 Sales = 33 Sales/Listings Ratio =51%

Average Sale Price: $261,353

East Extern Real Estate: Listings = 36 Sales = 23  Sales/Listings Ratio = 64%

Average Sale Price: $250,678

Conception Bay South Real Estate: Listings = 37   Sales = 40  Sales/Listings Ratio = 108%

Average Sale Price: $228,363

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