Average house prices for the St. John’s Real Estate Market July 2013

August 8, 2013 · Filed Under First Time Buyers, Market Trends, Monthly MLS Stats, St. John's Real Estate · Comments Off 

housing-price-graphTotal # of MLS Listings [July] = 1083 (residential stats)

Total # of Sales [July] = 494 (residential stats)

Number of  Active Listings for  Sale in Newfoundland = 5077

Here is a break down by area for the month of July:

St. John’s Real Estate: Listings = 253 Sales = 116 Sales/Listings Ratio = 46%
Average sale price for a home in St. John’s: $334,733 for the month of July and the 12 month average $324,261

Mount Pearl Real Estate: Listings = 53 Sales = 29 Sales/Listings Ratio = 41%
Average Sale Price (12 month average): $292,683

Paradise Real Estate: Listings = 67 Sales = 39 Sales/Listings Ratio = 58%
Average Sale Price (12 month average): $339,839

East Extern Real Estate: Listings = 60 Sales = 23 Sales/Listings Ratio = 38%
Average Sale Price (12 month average): $364,327

Conception Bay South Real Estate: Listings = 51 Sales = 36 Sales/Listings Ratio = 71%
Average Sale Price (12 month average): $304,849

The overall housing demand was lower during the second quarter of 2013 with recent price growth and higher inventory (up 13% from this time last year) creating a dampening effect on sales of both new and existing homes throughout the St. John’s area. As a result, the strong local economy failed to increase housing demand relative to the same period a year ago.

Don’t forget to contact us for a free market evaluation on your home.

Average House price for the St. John’s Real Estate Market – May 2013

June 7, 2013 · Filed Under Market Trends, Monthly MLS Stats · Comments Off 

housing-price-graphTotal # of MLS Listings [May] = 1358 (residential stats)

Total # of Sales [May] = 349 (residential)

Number of  Homes For Sale in Newfoundland = 4555

 

Here is a break down by area for the month of May:

St. John’s Real Estate: Listings = 241 Sales = 90 Sales/Listings Ratio = 37%
Average sale price for a home in St. John’s: $314,498 for the month of May and the 12 month average $317,500

Mount Pearl Real Estate: Listings = 35 Sales = 21 Sales/Listings Ratio = 60%
Average Sale Price (12 month average): $287,617

Paradise Real Estate: Listings =90 Sales = 23 Sales/Listings Ratio =26%
Average Sale Price (12 month average): $337,775

East Extern Real Estate: Listings = 49 Sales = 18 Sales/Listings Ratio = 37%
Average Sale Price (12 month average): $354,219

Conception Bay South Real Estate: Listings = 53 Sales = 20 Sales/Listings Ratio = 38%
Average Sale Price (12 month average): $295,429

Don’t forget to contact us for a free market evaluation on your home.

St. John’s Real Estate Market Improved During Fourth Quarter 2011

February 20, 2012 · Filed Under CMHC Reports · Comments Off 

CMHC released their MLS TRENDS for Eastern Newfoundland Labrador.  Below is the quick outline of the report.

  • There were 1,288 new residential listings during the fourth quarter compared to 1,215 during the  same period in 2010
  • Active listings or inventory averaged 1,656 a month from October to December versus 1,597 a month during Q4 of 2010
  • The sales-to-active listings ratio indicated market conditions were improving when 20% of listings sold in October, 21% in November and 23% in December, and averaged 21.5% during the quarter versus a much lower 18% in the fourth quarter of 2010.
  • Active residential listings or inventory increased 3.7% during the fourth quarter
  • Active listings for October, November and December were 1,861, 1,770 and 1,337, respectively
  • The small rise in inventory, combined with the large sales increase, resulted in market conditions moving towards a more balanced market towards the end of the fourth quarter
  • MLS® sales jumped 26% to 1,058 compared to 2010’s fourth quarter sales of 839
  • October, November and December MLS® sales were 375, 374 and 309, respectively
  • Fourth quarter average MLS® residential house price climbed 7% to $275,488 compared to $257,481 during the fourth quarter of 2010 and averaged $268,608 during 2011.

St. John’s Newfoundland MLS Stats for October

November 3, 2011 · Filed Under Monthly MLS Stats · Comments Off 

Average price of real estate in St. John’s has increased slightly again this month. Average price of a home in St. John’s is hovering around $288,000.  For most of the year listings have been on the increase and sales at a decrease but we are starting to see a shift in the market now.  Listings are slowly decreasing and sales are starting to pick up.  We are up 11% this month compared to 2010 but there is virtually no change on a year to date perspective.  There are lots of buyers in the market place and we are still classified as being in a “buyers market” according to CMHC. Average sales price for a home in Newfoundland is now $248,678 up from the mid 230’s from last year.  The bulk of the sales are in the 260k to 350k price range. Expired listings are up still from last year, by 25%  Contact us for a free market evaluation on your home.


Total # of MLS Listings [October] = 813 (based on residential stats)

Total # of Sales [October] = 514

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3778

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

St. John’s Real Estate: Listings = 162   Sales = 102 Sales/Listings Ratio = 63%

Average sale price for a home in St. John’s: $296,165 for the month of October and the 12 month average $288,291

Mount Pearl Real Estate: Listings = 30 Sales = 25  Sales/Listings Ratio = 83%

Average Sale Price (12 month average): $262,379

Paradise Real Estate: Listings =59 Sales = 40 Sales/Listings Ratio =68%

Average Sale Price (12 month average): $318,443

East Extern Real Estate: Listings = 45 Sales = 26  Sales/Listings Ratio = 58%

Average Sale Price (12 month average): $309,886

Conception Bay South Real Estate: Listings = 48   Sales = 31  Sales/Listings Ratio = 65%

Average Sale Price (12 month average): $270,910

7 Reasons to Invest in Newfoundland Real Estate

March 2, 2008 · Filed Under Newfoundland Top 7 · 4 Comments 

The Top 7 Reasons to Invest in Newfoundland Real Estate are:

7. Average price for a home in Newfoundland is MUCH lower then the Canadian average house price. A 2-apt home for $200,000 can fetch you an extra $1600 a month cash flow (before expenses and mortgage)

6. The next few years are looking promising for the real estate market. Remax is predicting a 12% increase in housing prices for 2008.

5. Oil and Gas – Hebron, White Rose, Hibernia, Terra Nova Project, all major contributors to the Newfoundland Economy.

4. The cost of living in Newfoundland is lower per person/family then other provinces in Canada.

3. Danny Williams. Whether you like him or not, the “Danny Williams Effect” has certainly placed a positive spin on Newfoundland.

2. View some of the most spectacular images in the world off the coast of Newfoundland and Labrador. Watch whales breach and icebergs float by your reasonable priced ocean front property. Own a little corner of the world you can call your own.

1. Quality of living. Newfoundland being an island has a low crime rate and a high standard of living. Little to no traffic. Plenty of provincial parks and golf courses. Top notch amenities. As well as our genuine Newfoundland hospitality, quick wit, and charm.