St. John's Real Estate Blog » paradise Real estate http://www.stjohnsrealestateonline.com St. John's Newfoundland Real Estate Blog and Market Info Fri, 30 Jul 2010 16:29:59 +0000 en hourly 1 http://wordpress.org/?v=3.0 St. John’s Newfoundland Real Estate June MLS Stats http://www.stjohnsrealestateonline.com/st-johns-newfoundland-real-estate-june-mls-stats/ http://www.stjohnsrealestateonline.com/st-johns-newfoundland-real-estate-june-mls-stats/#comments Mon, 12 Jul 2010 09:29:34 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=1423 The real estate market for St. John’s and surrounding areas saw slight increases in the number of listings on the market in June as well as the number of sales.  The number of expired listings are up a whopping 23% since the same month last year.  What’s the cause?  As I mentioned there are a lot of listings on the market so supply and demand would be a factor for sure.  The biggest reason is there are a lot of houses listed on MLS in the St. John’s real estate market that are over priced.

Total # of new MLS Listings [Jun] =1141 (based on residential stats)

Total # of Sales [Jun] = 483

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3777 (residential only)

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

St. John’s Real Estate: Listings = 220   Sales = 121 Sales/Listings Ratio = 55%

Average Sale Price is St. John’s: $264,848 for the month of June and the 12 month average $251,390

Mount Pearl Real Estate: Listings = 30 Sales = 13  Sales/Listings Ratio = 43%

Average Sale Price (12 month average): $224,158

Paradise Real Estate: Listings =70 Sales = 37 Sales/Listings Ratio =53%

Average Sale Price (12 month average): $278,250

East Extern Real Estate: Listings = 52 Sales = 15  Sales/Listings Ratio = 29%

Average Sale Price (12 month average): $271,421

Conception Bay South Real Estate: Listings = 58   Sales = 25  Sales/Listings Ratio = 43%

Average Sale Price (12 month average): $236,965

]]> http://www.stjohnsrealestateonline.com/st-johns-newfoundland-real-estate-june-mls-stats/feed/ 0 Newfoundland Real Estate March Stats http://www.stjohnsrealestateonline.com/newfoundland-real-estate-march-stats/ http://www.stjohnsrealestateonline.com/newfoundland-real-estate-march-stats/#comments Mon, 19 Apr 2010 15:51:55 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=1308 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

]]> http://www.stjohnsrealestateonline.com/newfoundland-real-estate-march-stats/feed/ 0 Newfoundland Real Estate January http://www.stjohnsrealestateonline.com/newfoundland-real-estate-january/ http://www.stjohnsrealestateonline.com/newfoundland-real-estate-january/#comments Thu, 04 Feb 2010 18:09:33 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=1066

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



]]> http://www.stjohnsrealestateonline.com/newfoundland-real-estate-january/feed/ 0 Newfoundland Real Estate Stats for September http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-september/ http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-september/#comments Tue, 06 Oct 2009 11:58:22 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=972

September appeared to be a fairly balanced month for the St. John’s Real Estate market.  New MLS listings edged ever so slightly down, as did the number of sales compared to August’s Newfoundland Real Estate Stats.  Both the Canadian Real Estate Association and RE/MAX released reports last month indicating strong housing sales and positive real estate markets throughout Canada.  Here in St. John’s our 12 month average price for a home is $228,325 (single family home).  Huge increases if you compare past Newfoundland average housing prices of  $170,482 for 2008 and $147,201 for 2007.

Total # of new MLS Listings [Sept] =462 (based on residential stats)

Total # of Sales [Sept] = 331

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2093 (residential only)

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

St. John’s Real Estate: Listings = 188   Sales = 135 Sales/Listings Ratio = 72%

Average Sale Price is St. John’s: $237,259 for the month of September

Mount Pearl Real Estate: Listings = 32 Sales = 20  Sales/Listings Ratio = 63%

Average Sale Price: $219,715

Paradise Real Estate: Listings =41 Sales = 38 Sales/Listings Ratio =93%

Average Sale Price: $281,817

East Extern Real Estate: Listings = 38 Sales = 27  Sales/Listings Ratio = 71%

Average Sale Price: $256,696

Conception Bay South Real Estate: Listings = 40   Sales = 26  Sales/Listings Ratio = 65%

Average Sale Price: $229,135

]]> http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-september/feed/ 0 Newfoundland Real Estate Stats for August http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-august/ http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-august/#comments Mon, 07 Sep 2009 11:20:03 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=871

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

]]> http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-august/feed/ 0 Newfoundland Real Estate Stats for May http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-may/ http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-may/#comments Mon, 01 Jun 2009 11:49:38 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=836

The spring real estate market is upon us as noted by the increase in Active MLS Listings last month. Average home prices in all areas have increased since the April St. John’s Real Estate Market Stats.  Increased housing prices means added pressure to first time buyers. This spins off into lower vacancy rates – great for those who own investment 2-apt homes or considering buying an investment property.  Houses are still staying on the market longer – pricing your home correctly is crucial in the market.  I would still call it a buyers market,  but again, there are still some houses receiving multiple offers.

The average price for a home in St. John’s edged slightly higher again for another month (currently at $210,969 for a 12 month period).

Mortgage rates are still at all time lows. The Bank of Canada’s Prime lending rate is at 2.25% and supposed to hold steady here til 2010.  Great for varible rate mortgages but it might be the time to look into a fixed term as the rates can only go up from here.

Total # of MLS Listings [May] = 1108

Total # of Sales [May] = 347

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3491

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

St. John’s Real Estate: Listings = 210  Sales = 103 Sales/Listings Ratio = 49%

Average Sale Price: $221,707 for the month of May

Mount Pearl Real Estate: Listings = 46 Sales = 15  Sales/Listings Ratio = 33%

Average Sale Price: $201,126

Paradise Real Estate: Listings =46 Sales = 21 Sales/Listings Ratio =46%

Average Sale Price: $240,342

East Extern Real Estate: Listings = 36 Sales = 27  Sales/Listings Ratio = 75%

Average Sale Price: $236,090

Conception Bay South Real Estate: Listings = 50   Sales = 20  Sales/Listings Ratio = 40%

Average Sale Price: $205,934

]]> http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-may/feed/ 0 Newfoundland Real Estate Stats for April http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-april/ http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-april/#comments Sun, 03 May 2009 12:12:27 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=782

Active MLS Listings have increased this month compared to March NLAR stats, while home sales have remained fairly constant.  The biggest increase in stats was Expired Listings.  Up a whopping 39% since last year.  What does this mean to the St. John’s Real Estate Market?  Houses are staying on the market longer.  Potential for price reductions.  It appears to be slipping into a buyers market now.  However, there are still houses selling the same day and some still seeing multiple offers.

The average price for a home in St. John’s edged slightly higher again for another month (currently at $206,938 for a 12 month period).

Mortgage rates are still at all time lows. The Bank of Canada’s Prime lending rate is at 2.25% and supposed to hold steady here til 2010.  Great for varible rate mortgages but it might be the time to look into a fixed term as the rates can only go up from here.

Total # of MLS Listings [Apr] = 975

Total # of Sales [Apr] = 288

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2953

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

St. John’s Real Estate: Listings = 181  Sales = 66 Sales/Listings Ratio = 36%

Average Sale Price: $214,590 for the month of April

Mount Pearl Real Estate: Listings = 24 Sales = 10  Sales/Listings Ratio = 42%

Average Sale Price: $198,655

Paradise Real Estate: Listings =65 Sales = 22 Sales/Listings Ratio =34%

Average Sale Price: $239,039

East Extern Real Estate: Listings = 45 Sales = 18   Sales/Listings Ratio = 40%

Average Sale Price: $231,872

Conception Bay South Real Estate: Listings = 56   Sales = 15  Sales/Listings Ratio = 27%

Average Sale Price: $202,399

]]> http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-april/feed/ 0 Newfoundland Real Estate Stats for January http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-january/ http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-january/#comments Wed, 04 Feb 2009 09:35:15 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=649

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

]]> http://www.stjohnsrealestateonline.com/newfoundland-real-estate-stats-for-january/feed/ 2 September Newfoundland Real Estate Stats http://www.stjohnsrealestateonline.com/september-newfoundland-real-estate-stats/ http://www.stjohnsrealestateonline.com/september-newfoundland-real-estate-stats/#comments Thu, 02 Oct 2008 23:06:21 +0000 Stephen Winters http://www.stjohnsrealestateonline.com/?p=324

The monthly Newfoundland Real Estate MLS housing price break down is showing an increase of 6% in listings this month and an increase of 27% in home purchases.  Year to date, listings are up 1% and sales up 13% compared to this time last year.  Properties sold in St. John’s in the $180,000 to $350, 000 range have doubled in number of units sold.

Total # of New MLS Listings [Sept] = 834

Total # of Sales [Sept] = 606

Number of Active Listings in the NLAR MLS System = 2587

The average price of a home in the St. John’s Real Estate market is now $183,929 year to date for 2008.  Compared to $165,813 9YTD) 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.

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

St. John’s Real Estate: Listings = 178 Sales = 122 Sales/Listings Ratio = 67%

Average Sale Price: $192,575

Mount Pearl Real Estate: Listings = 21 Sales = 24 Sales/Listings Ratio = 114%

Average Sale Price: $177,445

Paradise Real Estate: Listings =52 Sales = 32 Sales/Listings Ratio = 61%

Average Sale Price: $210,327

East Extern Real Estate: Listings = 43 Sales = 25   Sales/Listings Ratio = 54%

Average Sale Price: $219,413

Conception Bay Real Estate: Listings = 41   Sales = 41  Sales/Listings Ratio = 100%

Average Sale Price: $197,360

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