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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
- Home Builders Association
- Atlantic Home Warranty
- Homeplus Online
Recent Entries
- St. John’s Real Estate outlook for 2009
- Vacancy Rate for St. John’s, Mount Pearl and surrounding areas
- Economic Funamentals supported record breaking St. John’s real estate
- St. John’s Newfoundland leads the charge for residential real estate in Canada for 2008
- Threat of global recession hinders home sales in major Canadian housing markets in 2008 and 2009, says RE/MAX
- New Subdivision in Pleasantville
- Vacancy Rate in St. John’s Decreases
- St. John’s Fall Housing Market
- Canada Real Estate News Roundup #2
- October Newfoundland Real Estate MLS Stats
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