St. John’s Newfoundland MLS Stats for November 2011
The number of home sales in St. John’s increased in November to 477. This is up 30% from November 2010. There was a fair amount of activity this month compared to the previous months. Listings were up only 2% and expired listings dropped back to 10%, but it was the 30% gain in sales for November made a huge difference to our market place. It’s good to see expired listings slowly dropping to normal levels. With lots of buyers in the market place we should see a fairly active beginning to 2012 in St. John’s.
RE/MAX released their Canadian Housing Market Estimates for 2012 and prices for a house in St. John’s and surrounding area is estimated to increase by 5% in 2012.
Don’t forget to contact us for a free market evaluation on your home.
Total # of MLS Listings [November] = 754 (based on residential stats)
Total # of Sales [November] = 477
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3600
Here is a break down by area for the month of November
St. John’s Real Estate: Listings = 144 Sales = 114 Sales/Listings Ratio = 79%
Average sale price for a home in St. John’s: $292,747 for the month of November and the 12 month average $290,428
Mount Pearl Real Estate: Listings = 18 Sales = 23 Sales/Listings Ratio = 128%
Average Sale Price (12 month average): $260,357
Paradise Real Estate: Listings =38 Sales = 45 Sales/Listings Ratio =118%
Average Sale Price (12 month average): 325,088
East Extern Real Estate: Listings = 33 Sales = 20 Sales/Listings Ratio = 61%
Average Sale Price (12 month average): $313,363
Conception Bay South Real Estate: Listings = 37 Sales = 32 Sales/Listings Ratio = 65%
Average Sale Price (12 month average): $273,702