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Since Chevron signed the multibillion-dollar memorandum of understanding to develop the Hebron offshore oilfield project back in August 2007, St. John's real estate and surrounding areas have gained favorable optimism and increases in residential homes. Looking to sell you home for TOP DOLLAR? Contact Fraser and Stephen Winters for your free, confidential Home Market Evaluation
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St. John’s Newfoundland MLS Stats for December 2011
As the end of 2011 came to a close we saw the “normal” slow down leading up to Christmas. Typically new listings and offers slow til after the holidays yet the stats for “sales closed” increase. You can see this below as most of the listing to sales ratios for selected areas are well over 100%.
2011 ended up being a good year for real estate in St. John’s. We saw modest gains and lots of the listing inventory dried up. Expired listings were well up from previous years. Average time on the market for a house as 2011 ended was approximately 70 days. It’s still officially a buyers market according to the latest CMHC report, but my thoughts are it will become a nicely balanced market as we approach spring/summer. Let’s hope we actually get a summer this year in St. John’s unlike last year. 
As I mentioned last month, there are still a lot of buyers in the market place. RE/MAX’s Canadian Housing Market Estimates for 2012 state that we should see a 5% increase in housing price for St. John’s and surrounding area this year.
Don’t forget to contact us for a free market evaluation on your home.
Total # of MLS Listings [December] = 429 (based on residential stats)
Total # of Sales [December] = 408
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2942
Here is a break down by area for the month of December
St. John’s Real Estate: Listings = 68 Sales = 108 Sales/Listings Ratio = 159%
Average sale price for a home in St. John’s: $312,372 for the month of December and the 12 month average $292,701
Mount Pearl Real Estate: Listings = 9 Sales = 15 Sales/Listings Ratio = 167%
Average Sale Price (12 month average): $259,857
Paradise Real Estate: Listings =28 Sales = 29 Sales/Listings Ratio =104%
Average Sale Price (12 month average): $326,084
East Extern Real Estate: Listings = 21 Sales = 17 Sales/Listings Ratio = 81%
Average Sale Price (12 month average): $317,160
Conception Bay South Real Estate: Listings = 22 Sales = 24 Sales/Listings Ratio = 109%
Average Sale Price (12 month average): $271,932
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
St. John’s Newfoundland MLS Stats for October
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
St. John’s Newfoundland MLS Stats for March
Average price of a house in St. John’s dropped for the month of March. In January the average selling price (for that month only) was up over $300,000. See January MLS Stats here. For March the average was approx $277,000. The good news is yearly average prices haven’t dropped. They are actually up slightly. This is true for all areas in and around St. John’s. Sales/Listings Ratio have increased as well indicating we are starting to ramp up for the spring market.
The general population seems to think there are numerous homes for sale currently. (present company included) However, total number of listings for the year (compared to last year) is down 3%. I was surprised to see this as it doesn’t feel this way. This false impression I suspect is due to the drop in sales ( 5% YTD) and the large increase in expired listings – ( up 45% YTD). This coupled with houses staying on the market a lot longer then we are used to in recent years. I said it before….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 [March] = 873 (based on residential stats)
Total # of Sales [March] = 335
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3477
Here is a break down by area for the month of March
St. John’s Real Estate: Listings = 173 Sales = 75 Sales/Listings Ratio = 40%
Average sale price for a home in St. John’s: $277,025 for the month of March and the 12 month average $279,472
Mount Pearl Real Estate: Listings = 45 Sales = 15 Sales/Listings Ratio = 33%
Average Sale Price (12 month average): $249,431
Paradise Real Estate: Listings =48 Sales = 32 Sales/Listings Ratio =67%
Average Sale Price (12 month average): $308,882
East Extern Real Estate: Listings = 36 Sales = 19 Sales/Listings Ratio = 53%
Average Sale Price (12 month average): $289,676
Conception Bay South Real Estate: Listings = 47 Sales = 28 Sales/Listings Ratio = 60%
Average Sale Price (12 month average): $255,683
St. John’s Newfoundland MLS Stats for November
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
Newfoundland Real Estate March Stats
The number of listings were up for the month of March by 13% compared to March 2009. Sales as well are up by 25% year to date compared to last year. Interestingly the average house price for St. John’s dropped slightly last month by almost $5000 compared to February’s MLS listing averages. The twelve month overall average for St. John’s is still increasing with a figure of $243,532. There was a fair number of buying/selling activity in between 260k and 350k last month. With the spring market upon us we will start to see increased activity from both buyers and sellers.
Total # of new MLS Listings [Mar] =933 (based on residential stats)
Total # of Sales [Mar] = 336
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3020 (residential only)
Here is a break down by area for the month of March
St. John’s Real Estate: Listings = 181 Sales = 89 Sales/Listings Ratio = 49%
Average Sale Price is St. John’s: $266,336 for the month of March and the 12 month average $243,532
Mount Pearl Real Estate: Listings = 19 Sales = 9 Sales/Listings Ratio = 47%
Average Sale Price (12 month average): $221,094
Paradise Real Estate: Listings =60 Sales = 31 Sales/Listings Ratio =52%
Average Sale Price (12 month average): $271,002
East Extern Real Estate: Listings = 31 Sales = 17 Sales/Listings Ratio = 55%
Average Sale Price (12 month average): $266,462
Conception Bay South Real Estate: Listings = 49 Sales = 22 Sales/Listings Ratio = 45%
Average Sale Price (12 month average): $228,770
Newfoundland Real Estate January
Well the first month of the year has past. Personally I find January the slowest month of the year for real estate, but this year was a little different. Inventory levels of homes for sale in St. John’s and surrounding areas seem to be very low. On the flip side there are lots of buyers. I’ve been involved in a few multiple offer situations so far this year and have heard from other Realtor’s that they too have been involved in multiple offers. As well, I’ve seen a fair number of homes sold within 24 to 48 hours from being listed on MLS. Based on CMHC’s stats from ‘Newfoundland MLS Trends for 4th quarter of 2009‘ we ended 2009 in a sellers market. I feel this trend will continue into the better part of the summer. When the Bank of Canada increases it’s interest rates we’ll probably see a little pull back in sales.
Total # of new MLS Listings [Jan] =615 (based on residential stats)
Total # of Sales [Jan] = 240
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2458 (residential only)
Here is a break down by area for the month of January
St. John’s Real Estate: Listings = 155 Sales = 89 Sales/Listings Ratio = 57%
Average Sale Price is St. John’s: $271,674 for the month of October and the 12 month average $237,988
Mount Pearl Real Estate: Listings = 21 Sales = 3 Sales/Listings Ratio = 14%
Average Sale Price (12 month average): $218,729
Paradise Real Estate: Listings =28 Sales = 21 Sales/Listings Ratio =75%
Average Sale Price (12 month average): $269,242
East Extern Real Estate: Listings = 40 Sales = 15 Sales/Listings Ratio = 38%
Average Sale Price (12 month average): $259,029
Conception Bay South Real Estate: Listings = 34 Sales = 18 Sales/Listings Ratio = 53
Average Sale Price (12 month average): $223,082
Recommended Real Estate Links
- Fraser and Stephen Winters
- Remax St.John's
- Terry Kelly
- St. John's MLS Listings
- Carter Home Designs
- St. John's Newspaper
- VOCM Local News
- CBC Newfoundland
- Eastern School District
- St. John's Weather
- St. John's Board of Trade
Real Estate Sites
- Search MLS.ca
- St. John's Listings
- Globe & Mail Real Estate
- Real Estate Blogs Directory
- Canadian real estate
- Home Builders Association
- Atlantic Home Warranty
- Homeplus Online
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