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St. John's Newfoundland is one of North America’s oldest cities. Spectacular coastlines, panoramic views, outdoor adventure, rich history and culture await all who live here.
Looking to buy a home in St. John’s? Relocating from another city to St. John's? Fraser and Stephen Winters are here to help you! Whether you are buying or selling, take advantage of our free St. John's real estate market reports and access to the St. John's area MLS.
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
This real estate blog is written by Fraser & Stephen Winters. We both are full time successful top producing RE/MAX Realtors in St. John's, Newfoundland. The information contained on this website is from sources believed to be reliable. However, it may be incorrect. This information should not be relied upon without personal verification. We assume no responsibility for its accuracy. This information is not intended to solicit clients already under contract. For more information about us visit our website.
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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 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 Stats for August
We are about to enter into the fall St. John’s real estate market and things are still looking positive for the remainder of the year. Average MLS housing prices for Newfoundland have been steadily increasing throughout the year. Thanks to continuing low mortgage rates first time buyers and those looking to up size to bigger homes can still do so despite the large increase in Newfoundland housing prices since last year. Two apartment (2-apt) homes are still in high demand and if priced right usually sell fairly quickly and for top dollar.
The average price for a home in St. John’s edged slightly higher again for another month, currently at $223,810 for a 12 month period) compared to the Newfoundland Average Sale Price of $201,799. This is up from $170,941 from last years prices.
Total # of MLS Listings [Aug] =494 (based on single family homes)
Total # of Sales [Aug] = 336
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2261 (residential only)
Here is a break down by area for the month of August
St. John’s Real Estate: Listings = 187 Sales = 147 Sales/Listings Ratio = 79%
Average Sale Price is St. John’s: $244,195 for the month of August
Mount Pearl Real Estate: Listings = 25 Sales = 26 Sales/Listings Ratio = 104%
Average Sale Price: $200,862
Paradise Real Estate: Listings =65 Sales = 33 Sales/Listings Ratio =51%
Average Sale Price: $261,353
East Extern Real Estate: Listings = 36 Sales = 23 Sales/Listings Ratio = 64%
Average Sale Price: $250,678
Conception Bay South Real Estate: Listings = 37 Sales = 40 Sales/Listings Ratio = 108%
Average Sale Price: $228,363
Newfoundland Real Estate Stats for January
After coming to a dramatic slowdown in December from a banner 25% price increase year, 2009 is back in full swing. Although sales are down (25% compared to last January), much needed listings are up (5%). Officially we are into a balanced market now. Increased inventory, record low mortgage rates and what appears to be still a lot of buyers, the real estate market in St. John’s should hold its own compared to the rest of Canada.
This month, Newfoundland’s Real Estate MLS housing price break down is showing a 25% decrease in sales while there are currently 680 listings, an increase of 5% from last year. Majority of the sales showing were in the $200,000 to $350,000 price bracket.
Total # of New MLS Listings [Jan] = 680
Total # of Sales [Jan] = 200
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2289
The average price of a home in the St. John’s Real Estate market is now $198,757 2008. Compared to the provincial average of $184,055 YTD for 2009. Note this is for ALL Newfoundland (nlar.ca)
Here is a break down by area for the month of January
St. John’s Real Estate: Listings = 117 Sales = 48 Sales/Listings Ratio = 41%
Average Sale Price: $219,146 for the month of January
Mount Pearl Real Estate: Listings = 11 Sales = 6 Sales/Listings Ratio = 55%
Average Sale Price: $208,667
Paradise Real Estate: Listings =52 Sales = 14 Sales/Listings Ratio =27%
Average Sale Price: $264,325
East Extern Real Estate: Listings = 32 Sales = 16 Sales/Listings Ratio = 50%
Average Sale Price: $229,048
Conception Bay Real Estate: Listings = 41 Sales = 17 Sales/Listings Ratio = 41%
Average Sale Price: $192,321
August MLS Newfoundland Stats
Newfoundland MLS listings for August were down from the same time in 2007. Approximately a 16% decrease, however there was a 4% increase in properties sold for August 2008 vs August 2007 and a 10% increase in sales for 2008 year to date. This decrease in listing inventory and increase in properties sold is putting added pressure on selling prices. The supply and demand curve is still showing a sellers market.
One point to note: I’ve notice a big decrease in the properties sold in the $100,000 to $200,000 range and a large increase in properties sold over the $200,000 mark. Particularly the $260,000 to $349,900 range.
Total # of New MLS Listings [Aug] = 758
Total # of Sales [Aug] = 595
Number of Active Listings in the NLAR MLS System = 2675
Our Real Estate system is not showing the stats for my normal monthly Newfoundland MLS housing price break down by real estate area.
What I can report is for all of Newfoundland, the average sales price is $170,482 year to date for 2008. Compared to $147,201 for 2007. Remember this is for ALL Newfoundland (nlar.ca) Prices are closer to the $200,000 average in St. John’s, Mount Pearl and surrounding areas.
April Newfoundland Real Estate Stats
Total # of Listings [Apr] = 932 (Up 7% from April 2007)
Total # of Sales [Apr] = 332 (Up 24% from April 2007)
Number of Active Listings in the NLAR MLS System = 2430
Inventory this month but so did the number of sales.Expired listings have declined by 23% Properties are still selling VERY fast and multiple offers are common in this sellers market.
Here is a break down by area for the month of April for single family homes
St. John’s Real Estate: Listings = 155 Sales = 84 Sales/Listings Ratio = 54%
Average Sale Price: $173,530 ($184,730 for April)
Mount Pearl Real Estate: Listings = 36 Sales = 16 Sales/Listings Ratio = 49%
Average Sale Price: $153,657
Paradise Real Estate: Listings = 43 Sales = 26 Sales/Listings Ratio = 60%
Average Sale Price: $188,460
East Extern Real Estate: Listings = 41 Sales = 22 Sales/Listings Ratio = 54%
Average Sale Price: $189,484
Conception Bay Real Estate: Listings = 45 Sales = 21 Sales/Listings Ratio = 47%
Average Sale Price: $165,735
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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- St. John’s Newfoundland MLS Stats for November 2011
- St. John’s Newfoundland MLS Stats for October
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- Contact form 1
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