December St. John’s Newfoundland MLS stats

January 6, 2009 · Filed Under Market Trends, Monthly MLS Stats · Comments Off 

December is typically a slower month for real estate and the stats for this month show it.  Christmas, and the preparation for Christmas takes up most of the month.  For the most part, the buying and selling of homes is left to those that have no choice but to keep the house hunting active.

This month, Newfoundland’s Real Estate MLS housing price break down is showing a whopping 18% decrease in sales while listings this month show an increase of 16%.  Year to date, listings are up slightly by 3% and sales up 7% compared to this time last year.

Total # of New MLS Listings [Dec] = 357

Total # of Sales [Dec] = 312

Number of Active Listings in the NLAR MLS System = 2065

The average price of a home in the St. John’s Real Estate market is now $195,970  2008.  Compared to $173,844 YTD for 2007.  Note this is for ALL Newfoundland (nlar.ca)

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

St. John’s Real Estate: Listings = 73  Sales = 5 Sales/Listings Ratio = 7%

Average Sale Price: $202,896

Mount Pearl Real Estate: Listings = 11 Sales = 0% Sales/Listings Ratio = 0%

Average Sale Price: no sales for this month so $190,662 is YTD

Paradise Real Estate: Listings =29 Sales = 2 Sales/Listings Ratio =7%

Average Sale Price: $273,850

East Extern Real Estate: Listings = 14 Sales = 3   Sales/Listings Ratio = 21%

Average Sale Price: $225,674

Conception Bay Real Estate: Listings = 15   Sales = 1  Sales/Listings Ratio = 7%

Average Sale Price: $201,814

The yard to date sales/listings ratio is 54%