October Newfoundland Real Estate MLS Stats

The monthly Newfoundland Real Estate MLS housing price break down is showing a 1% decrease in listings this month and an increase of 21% in home purchases. Year to date, listings are up slightly by 1% and sales up 14% compared to this time last year. Interestingly, the total dollar value in sales was up 47% for the month of October.
Total # of New MLS Listings [Oct] = 764
Total # of Sales [Oct] = 636
Number of Active Listings in the NLAR MLS System = 2595
The average price of a home in the St. John’s Real Estate market is now $187,636 year to date for 2008. Compared to $167,847 YTD for 2007. Remember this is for ALL Newfoundland (nlar.ca)
Here is a break down by area for the month of October
St. John’s Real Estate: Listings = 186 Sales = 136 Sales/Listings Ratio = 73%
Average Sale Price: $202,896
Mount Pearl Real Estate: Listings = 15 Sales = 17 Sales/Listings Ratio = 113%
Average Sale Price: $186,612
Paradise Real Estate: Listings =31 Sales = 36 Sales/Listings Ratio =116%
Average Sale Price: $234,681
East Extern Real Estate: Listings = 28 Sales = 32 Sales/Listings Ratio = 114%
Average Sale Price: $219,193
Conception Bay Real Estate: Listings = 47 Sales = 40 Sales/Listings Ratio = 85%
Average Sale Price: $231,552
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