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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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St. John’s Newfoundland MLS Stats for December 2011
As the end of 2011 came to a close we saw the “normal” slow down leading up to Christmas. Typically new listings and offers slow til after the holidays yet the stats for “sales closed” increase. You can see this below as most of the listing to sales ratios for selected areas are well over 100%.
2011 ended up being a good year for real estate in St. John’s. We saw modest gains and lots of the listing inventory dried up. Expired listings were well up from previous years. Average time on the market for a house as 2011 ended was approximately 70 days. It’s still officially a buyers market according to the latest CMHC report, but my thoughts are it will become a nicely balanced market as we approach spring/summer. Let’s hope we actually get a summer this year in St. John’s unlike last year. 
As I mentioned last month, there are still a lot of buyers in the market place. RE/MAX’s Canadian Housing Market Estimates for 2012 state that we should see a 5% increase in housing price for St. John’s and surrounding area this year.
Don’t forget to contact us for a free market evaluation on your home.
Total # of MLS Listings [December] = 429 (based on residential stats)
Total # of Sales [December] = 408
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2942
Here is a break down by area for the month of December
St. John’s Real Estate: Listings = 68 Sales = 108 Sales/Listings Ratio = 159%
Average sale price for a home in St. John’s: $312,372 for the month of December and the 12 month average $292,701
Mount Pearl Real Estate: Listings = 9 Sales = 15 Sales/Listings Ratio = 167%
Average Sale Price (12 month average): $259,857
Paradise Real Estate: Listings =28 Sales = 29 Sales/Listings Ratio =104%
Average Sale Price (12 month average): $326,084
East Extern Real Estate: Listings = 21 Sales = 17 Sales/Listings Ratio = 81%
Average Sale Price (12 month average): $317,160
Conception Bay South Real Estate: Listings = 22 Sales = 24 Sales/Listings Ratio = 109%
Average Sale Price (12 month average): $271,932
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