St. John’s Real Estate Average Home Prices for April 2014

May 13, 2014 · Filed Under St. John's Real Estate · Comments Off 

housing-price-graph

The number of listings in the St. John’s Real Estate Market where down again this month.  As I mentioned in last months stats posting this could be a possible little shift in the market.  It might be a little pre-mature yet as the listings are still up 5% year to date compared to 2013, however this is the second straight month with a decline in listings.  I am personally glad to start seeing some housing inventory “dry up”. 
 
I expect as we enter the spring market the negative double digit sales numbers should level out due to the amount of buyers out there currently window shopping.

One stat that I believe will remain relatively higher then the norm throughout 2014 is the number of expired homes. This is based on the fact of a higher number of over priced houses that are sitting on the market. Currently 18% of all homes listed on MLS in the St. John’s Real Estate market expire (don’t sell)

Total # of MLS Listings [Apr]  = 1137  Total # of Sales [Apr] = 279 

Number of  Active Listings for Sale in Newfoundland = 4629

Numbers are based on both residential and commercial listings/sales

Here is a break down by area for April:

St. John’s Real Estate: Listings = 180  Sales = 51  Sales/Listings Ratio = 28%

Average sale price for a home in St. John’s: $322,302 for the month of April and the 12 month average $336,181

Mount Pearl Real Estate: Listings = 24 Sales = 17 Sales/Listings Ratio = 71% Average Sale Price (12 month average): $295,117

Paradise Real Estate: Listings = 57 Sales = 16 Sales/Listings Ratio = 28% Average Sale Price (12 month average): $352,630

East Extern Real Estate: Listings = 49 Sales = 17 Sales/Listings Ratio = 35% Average Sale Price (12 month average): $372,628

Conception Bay South Real Estate: Listings = 44 Sales = 17 Sales/Listings Ratio = 39% Average Sale Price (12 month average): $305,636

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

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St. John’s Newfoundland MLS Stats for April

May 11, 2011 · Filed Under Monthly MLS Stats, St. John's Real Estate · Comments Off 

Average price of a house in St. John’s increased slightly this month. March average sale price was approx $277,000, for April it is $285,000. Average sales price year to date is up as well, almost 6.5% (all of Newfoundland) Interestingly the current real estate market certainly doesn’t reflect this increase.  From looking at the break down in homes sold, it appears that this data is a little “skewed” as a majority of the houses sold were in the 260k to 350k price range, hence bringing up the average prices. Currently, HALF of the homes on the market expire.  Meaning they do not sell.  From my opinion, majority of the houses currently on the market are WAY overpriced.  We are seeing a large number of reductions in prices.  Houses are sitting on the market an average of 60 days before selling.  I don’t think we will see a drop in the average house prices, but we will certainly see a lot of home owners having to reduce their homes to be in line with the market.  It seems that I have the following statement each month……but….. proper pricing on your home is key in this market and will be the same trend in 2011.  Contact us for a free market evaluation on your home.


Total # of new MLS Listings [April] = 814 (based on residential stats)

Total # of Sales [April] = 303

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3700

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

St. John’s Real Estate: Listings = 190   Sales = 81 Sales/Listings Ratio = 42%

Average sale price for a home in St. John’s: $285,097 for the month of April and the 12 month average $281,644

Mount Pearl Real Estate: Listings = 32 Sales = 18  Sales/Listings Ratio = 41%

Average Sale Price (12 month average): $252,736

Paradise Real Estate: Listings =55 Sales = 26 Sales/Listings Ratio =52%

Average Sale Price (12 month average): $310,525

East Extern Real Estate: Listings = 53 Sales = 15  Sales/Listings Ratio = 33%

Average Sale Price (12 month average): $290,202

Conception Bay South Real Estate: Listings = 44   Sales = 15  Sales/Listings Ratio = 40%

Average Sale Price (12 month average): $258,061

St. John’s Newfoundland MLS Stats for November

December 2, 2010 · Filed Under Monthly MLS Stats, St. John's Real Estate · Comments Off 

Supply and demand for real estate in St. John’s and surrounding areas are getting fairly well balanced.  Over all for the 2010 year we are up 6% on listings and flat on total sales.  The majority of properties sold this month were evenly split between $150,000 to $249,900 and $250,000 to $349,900.  That being said the number of listings this month is up 32% from last November and the sales are down 21%.  Along with this we had 401 expired listings this month, up 18% from last year.  Again I will say: proper pricing on your home is key in this market and will be the same trend in 2011.

Total # of new MLS Listings [November] = 595 (based on residential stats)

Total # of Sales [November] = 366

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3519

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

St. John’s Real Estate: Listings = 129   Sales = 87 Sales/Listings Ratio = 67%

Average price for a home in St. John’s: $276,910 for the month of November and the 12 month average $276,596

Mount Pearl Real Estate: Listings = 23 Sales = 11  Sales/Listings Ratio = 48%

Average Sale Price (12 month average): $242,577

Paradise Real Estate: Listings =46 Sales = 27 Sales/Listings Ratio =59%

Average Sale Price (12 month average): $294,424

East Extern Real Estate: Listings = 35 Sales = 13  Sales/Listings Ratio = 37%

Average Sale Price (12 month average): $284,647

Conception Bay South Real Estate: Listings = 43   Sales = 22  Sales/Listings Ratio = 51%

Average Sale Price (12 month average): $248,663