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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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Newfoundland Real Estate Stats for September
September appeared to be a fairly balanced month for the St. John’s Real Estate market. New MLS listings edged ever so slightly down, as did the number of sales compared to August’s Newfoundland Real Estate Stats. Both the Canadian Real Estate Association and RE/MAX released reports last month indicating strong housing sales and positive real estate markets throughout Canada. Here in St. John’s our 12 month average price for a home is $228,325 (single family home). Huge increases if you compare past Newfoundland average housing prices of $170,482 for 2008 and $147,201 for 2007.
Total # of new MLS Listings [Sept] =462 (based on residential stats)
Total # of Sales [Sept] = 331
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2093 (residential only)
Here is a break down by area for the month of September
St. John’s Real Estate: Listings = 188 Sales = 135 Sales/Listings Ratio = 72%
Average Sale Price is St. John’s: $237,259 for the month of September
Mount Pearl Real Estate: Listings = 32 Sales = 20 Sales/Listings Ratio = 63%
Average Sale Price: $219,715
Paradise Real Estate: Listings =41 Sales = 38 Sales/Listings Ratio =93%
Average Sale Price: $281,817
East Extern Real Estate: Listings = 38 Sales = 27 Sales/Listings Ratio = 71%
Average Sale Price: $256,696
Conception Bay South Real Estate: Listings = 40 Sales = 26 Sales/Listings Ratio = 65%
Average Sale Price: $229,135
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