March Newfoundland Real Estate Stats

April 1, 2008 · Filed Under Monthly MLS Stats · 3 Comments 

Total # of Listings [Mar] = 614 (Down 19% from March 2007)

Total # of Sales [Mar] = 260 (Down 9% from March 2007)

Number of Active Listings in the NLAR MLS System = 2192

Inventory decreased 19% in March over the previous year and down from February MLS stats. Sales to date have increased 18% since January, however decreased from February. Expired listings have declined by 27% meaning listings are selling faster and people are pricing homes correctly. The sales dollar volume year to date has increased by 30% meaning increases in real estate property values and higher end homes being sold.

Here is a break down by area for the month of March for single family homes

St. John’s Real Estate: Listings = 117 Sales = 69 Sales/Listings Ratio = 59%

Average Sale Price: $171,935

Mount Pearl Real Estate: Listings = 13 Sales = 7 Sales/Listings Ratio = 54%

Average Sale Price: $150,772

Paradise Real Estate: Listings = 51 Sales = 15 Sales/Listings Ratio = 29%

Average Sale Price: $187,233

East Extern Real Estate: Listings = 30 Sales = 13 Sales/Listings Ratio = 43%

Average Sale Price: $191,781

Conception Bay Real Estate: Listings = 33 Sales = 18 Sales/Listings Ratio = 55%

Average Sale Price: $162,531