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18 Waterford Heights North – MLS® Home for sale St. John’s West End

18 Waterford Heights North

18 Waterford Heights North
18 Waterford Heights North is located literally steps across the street from Bowring Park and situated on a mature 170ft deep lot with southern exposure.

This spacious multi levelled home has been extensively renovated in recent years. Enjoy gleaming cherry hardwood floors on an open concept main floor. Crown mouldings throughout most of the home. The kitchen has been renovated and includes a large centre island. There is a large master bedroom with new ensuite and walk-in closet. On the lower level there is a bright and spacious family room perfect for entertaining. The mud room/laundry room combination has an exterior door with access to a beautiful, big, mature garden with new privacy fence, patio, fire pit deck. Did we mention the large deep private lot with southern exposure across from Bowring Park?

MLS® 1154127
Asking Price: $479,900

BUILDING DETAILS
• Building Type: Single Family dwelling
• Stories: 1
• Construction Style: Detached
• ConstructionStyleSplitLevel: Sidesplit
• Bathrooms (Full): 1
• Bathrooms (Partial): 2
• Bedrooms: 3
• Floor Space: 2350 sqft
• Exterior: Vinyl siding
• Flooring: Hardwood, Laminate
• Heating Type: Baseboard heaters
• Heating Fuel: Electric
• Utility Sewer: Municipal sewage system
• Water: Municipal water
• Landscape Features: Landscaped

For additional information and photo visit the RE/MAX website

16 Waterford Heights North

16 Waterford Heights North

**Currently OFF THE MARKET** If you are looking for a home with privacy and a park-like setting…16 Waterford Heights North is the home for you! While being situated directly across from Bowring Park is a bonus, you’ll never need to leave the back yard. Privacy, large trees and evening sun are features hard to find in a home. 16 Waterford Heights North is fully developed and has 5 bedrooms. (3 up and 2 down). The main floor open concept design allows for lots of sunshine. Hardwood floors throughout most of the main floor. The kitchen has oak cabinets and has the convenience of two separate entrances. The dining room has patio doors which lead to a large patio deck. In the basement you will find a rec room, two additional bedrooms, a small kitchen and a large laundry/utility room. MLS®

For additional information and photo click here

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Average Housing prices for St. John’s – May

st. john's housing market

Number of active listings in the St. John’s Metro real estate market are up 7% so far for 2016 along with the number of sales which are up 1%. Sales for the month of May compared to last year are was up by 3%.  We came off a slower first quarter to 2016 but the second quarter spring market appears to be picking up stream.

Total # of MLS Listings = 1561
Total # of Sales [May] = 369

Number of Active Listings in Newfoundland = 5805

Here is a break down by area for May

Homes for sale in St. John’s = 233 Sales = 65
Sales/Listings Ratio = 28%
St. John’s average house price: $292,747 for the month of May and the 12 month average $313,204

Mount Pearl: Listings = 39 Sales = 20
Sales/Listings Ratio = 51%
Mount Pearl Average house Price (12 month average): $290,317

Paradise: Listings = 73 Sales = 20
Sales/Listings Ratio = 27%
Paradise Average house Price (12 month average): $347,375

East Extern: Listings = 72 Sales = 15
Sales/Listings Ratio = 21%
East Extern Average house Price (12 month average): $396,087

Conception Bay South: Listings = 85 Sales = 30
Sales/Listings Ratio = 35%
CBS Average House Price (12 month average): $299,314

How does your home compare to the St. John’s average house price? For a free Market Assessment on your property please contact us.  We would be more then happy to assist you and show you how to get top dollar in this changing St. John’s Market.

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Curious to know what your home is worth?

Ask us about a FREE no obligation market evaluation on your home

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Home for sale in Clovelly 50 Sergeant Craig Gillam Ave

home for sale in clovelly

 

Fully developed two storey home in Clovelly Trails. Open concept main floor with hardwood floors throughout. Enjoy a beautiful 3 sided propane fireplace from either the living room or the kitchen. The second floor has a master bedroom with ensuite and walk-in closet and two additional bedrooms. There is a 4th bedroom in the basement along with a large rec-room and 3 piece bathroom. The property is landscaped and is fully fenced at the rear. MLS®

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Average St. John’s House Prices for April 2016

Average St. John's House Prices

Average St. John’s House Prices for April 2016

While the start of the year was slow for the St. John’s real estate market, April seemed to pick up a little. While average St. John’s house prices are down 4% according to the RE/MAX Spring Market Report for St. John’s we are actually up 19% in sales for the month. (compared to 2015)  Year to date we are flat in sales and the number of listings are up 7%.

It’s still currently a buyers market, and MLS® listings are still remaining on the market for over 70 days.  I expect this trend to continue throughout the year.

Average St. John's House Prices

Total # of MLS Listings = 1202
Total # of Sales [April] = 349

Number of Active Listings for Sale in Newfoundland = 5186
Numbers are based on both residential and commercial listings/sales

Here is a break down by area for April

Homes for sale in St. John’s = 194 Sales = 81
Sales/Listings Ratio = 42%
St. John’s average house price: $290,954 for the month of March and the 12 month average $313,537

Mount Pearl: Listings = 33 Sales = 24
Sales/Listings Ratio = 73%
Mount Pearl Average house Price (12 month average): $292,024

Paradise: Listings = 41 Sales = 22
Sales/Listings Ratio = 54%
Paradise Average house Price (12 month average): $352,092

East Extern: Listings = 47 Sales = 11
Sales/Listings Ratio = 23%
East Extern Average house Price (12 month average): $395,547

Conception Bay South: Listings = 44 Sales = 29
Sales/Listings Ratio = 66%
CBS Average House Price (12 month average): $302,890

How does your home compare to the St. John’s average house price? For a free Market Assessment on your property please contact us.  We would be more then happy to assist you and show you how to get top dollar in this changing St. John’s Market.

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Curious to know what your home is worth?

Ask us about a FREE no obligation market evaluation on your home

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6 Lessons Monopoly Can Teach You About buying a St. John’s home

monopoly

Some may love playing Monopoly and some may hate the game. Either way there are some valuable lessons we can all take away from the game. Here are 6 lessons Monopoly can teach you about buying a St. John’s home.

Patience

So your family has decided to play Monopoly? Refill your beverage, grab a snack and change into comfortable clothes. You’re going to be there a while.

LESSON: Buying real estate is a process. There’s pre-approval for a loan, interviewing agents, searching for homes, submitting an offer, maybe submitting another offer, the home inspection, the appraisal, and final loan processing before you get the keys. Needless to say, buying a home can take some time. Instead of getting frustrated, focus on all of the great reasons you decided buying a home was right for you. Staying in close communication with your agent throughout the process will help, too.

Neighborhood matters

Everyone starts the game with one corner in mind: Boardwalk and Park Place. The highly priced properties have the best returns on investments, and the players who snag them first tend to do well in the game.

LESSON: Location is often a major consideration in real life as well. Home values, your lifestyle and so much more are factors in your neighborhood choice. Work with your agent to learn all you can about the neighborhoods that pique your interest.

Keep an open mind

Baltic and Mediterranean Avenue have a bad reputation because they’re the cheapest properties on the board, but they also present opportunity. Add a few houses and hotels and your return could be bigger than the one on nearby Connecticut Avenue.

LESSON: Keep an open mind when looking to buy a home in St. John’s. An up-and-coming neighborhood may have appeal you didn’t see before, and more value for your budget.

Be prepared

You’re a Monopoly mogul! You have a handful of desirable properties and a steady stream of income from your houses and hotels. Then comes the Chance card: “Make general repairs on your property – for each house pay $25, for each hotel pay $100.”

LESSON: You never know what card you’re going to draw. But unlike Monopoly, the real world has home insurance available to help you prepare for unexpected repairs and disasters. A variety of plans, customizable to any budget, are available. Some homebuyers also opt for warranties covering potential appliance issues after move-in.

How to win a bidding war

Trading properties keeps Monopoly exciting. And there are no strict rules as to how a seller determines to accept an offer. Sibling rivalry, bribes involving candy or even business sense can play into a player’s decision.

LESSON: Sellers don’t always accept the highest offer. Writing a letter about why you fell in love with their home can sometimes sway their decision in your favor.

The importance of strategy

Monopoly is a game of strategy, but few players are inclined to study ways to win. What if you had a coach sitting next to you, advising how much to bid for a property, where to look next, and whether or not mortgaging a utility to buy Boardwalk is a smart idea? You would be unstoppable!

LESSON: Buying a home is an infrequent occurrence; for some it happens only once in a lifetime. Wouldn’t it be helpful to have someone on your side who was up-to-speed on laws for your state, knew which neighborhoods would best fit your lifestyle and offered to help you navigate a bidding war? That’s the value an experienced agent provides.

We’d love to help you when buying a home in the St. John’s real estate market. Contact us. We are ready when you are!

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St. John’s Real Estate Market Spring Report

St. John's Real estate Market Spring Report

Taking advantage of continued historically low interest rates, first-time buyers fueled sales in the St. John’s real estate market region in the first quarter of 2016. This buyer group makes up approximately 60 per cent of the regional housing market activity. Despite the lower price of oil, the Greater St. John’s Area has seen seven consecutive months of decreased inventory and average days on market also fell to 69 days in the first quarter of 2016 compared to 74 in 2015.

First time buyers

First time buyers in the St. John’s Metro Real Estate market are often young professionals with dual income and no children looking at properties priced between $250,000 and $300,000. The suburbs are currently a popular choice as these neighbourhoods offer new homes starting at $250,000 and often boast new schools and recreation facilities as well as shopping with only a 15 minute drive to the city. Typically, first-time buyers outgrow their first homes within five to ten years as their families and incomes grow.

Condo Market

With only five per cent of sales in the region attributed to condo sales, the condo market is relatively small. Demand is largely from first-time buyers looking to live in the heart of the city at an attractive price point or empty-nesters downsizing to free up equity and simplify their lives. Condos priced correctly and in the heart of the city see the most demand.

Luxury Market

A typical luxury property in the Greater St. John’s region starts at approximately $500,000 and buyers are often employed in the oil industry. While inventory has increased compared to last year, unique properties with a lot of amenities are still attracting interest. Luxury sales in the region are flat compared to last year.

For a list of homes for sale in St. John’s and surrounding areas

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Buying a home? How to make sense of a real estate transaction

selling your home in st. john'sHave you ever tried to make your way through a maze at an amusement park or farm field? If you don’t know the layout, it’s probably going to take you a long time to find your way through.

You’ll hit a lot of dead ends, go around in circles a few times, and maybe even become frustrated before you finally find your way out.

The same can be said about buying or selling a home in St. John’s.

Real estate transactions are probably not something you do every day, so you’re not as familiar with their “layout”. As a result, the process of preparing your home for sale, getting it listed, dealing with viewings and buyers, and negotiating offers can potentially be very stressful… so stressful, in fact, you might be discouraged from making a move!

That’s why finding a REALTOR® who knows you the St. John’s real estate market is so important.

We know the maze and can guide you through it. Let us answer your questions, show you how to make the process less stressful (and even fun), and can help ensure everything goes smoothly.

Want to talk to a REALTOR® who specializes in the St. John’s real estate market?  Contact us! We are here to assist you when buying a home or selling a home in the St. John’s real estate market.

Click here for a list of homes for sale in the St. John’s area.

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Home Inspection Clause

Should you include a home inspection clause?

Say you’re viewing a home and are impressed with how it looks. The walls are freshly painted. Everything seems bright and new. You’re considering making an offer. Should you include a home inspection clause?home inspection clause

Then, while standing on a mat in the kitchen, you hear a squeak below your feet. You lift the mat and see that some tiles are broken. Obviously the mat was there to, literally, cover up that defect.

A few broken tiles are not a big deal. But now you’re thinking, “What else might be wrong with this house?”

There’s no reason to worry that every home will have maintenance issues hidden from view. However, it’s smart to do your due diligence to ensure the home you’re considering is truly as good as it looks.

One way is when you make an offer on a home, it’s a smart idea include a Home Inspection clause/condition in your Purchase and Sales Agreement.  A professional home inspection will check the home out from top to bottom. This inspection will ensure that the property doesn’t have any unexpected “issues”. After all, you don’t want to buy a home only to discover that the roof needs to be replaced, immediately, for thousands of dollars.home inspection2

It’s also smart to ask questions. Find out the age of certain features, such as the roof, furnace, and appliances. Ask about any recent renovations, and determine whether they were done by a professional or by the homeowner.

Most importantly, work with a good REALTOR® who can provide you with information on the property that you would have difficulty getting on your own. Your REALTOR® has a stake in making sure you buy a home with your eyes wide open — knowing all the potential maintenance issues you’re likely to encounter.

In the end, a professional home inspection gives you peace-of-mind and protects your investment. So getting one is highly recommended — even for recently built homes.

A good REALTOR® can recommend a trusted home inspector for you. One example is HouseMaster

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Recap of the 2015 St. John’s average housing price and 2016 Predictions

St. John’s Average Housing Price

The St. John’s average housing price (Metro Area) declined by approximately two per cent year-over-year to an estimated $297,300 for 2015. Sales increased moderately: there were 833 sales between January and October of 2015, compared to 793 during the same period last year. There was a good selection of inventory on the market in 2015, and properties averaged 70 days on market. Similarly high inventory levels are expected for 2016, and may cause prices to soften somewhat.

St. John's Average House Price

Buyers looking to purchase first homes in the $270,000 to $330,000 range drove the market, followed by move-up buyers purchasing in the $350,000 to $400,000 range. Foreign buyers are fairly new to the St. John’s real estate market, and are anticipated to play a growing role over the next several years.

First-time buyers

In October, the government of Newfoundland and Labrador introduced the Downpayment Assistance Program, which provides first-time homebuyers with low-to-moderate incomes the opportunity to qualify for downpayment loan assistance to purchase a home. The new program, combined with continued low interest rates, is expected to increase the number of first-time buyers next year. This is anticipated to increase demand for entry-level homes, encouraging their current owners to sell and move up.

 

Condo market

There is high inventory in the St. John’s condo market, as many new developments were built to meet demand from the oil industry, which has since been scaled back. A good selection of entry-level units appeals to first-time buyers and “downsizers”.

Luxury homes

The luxury home market was slower in 2015, due to the decline in oil prices and cutbacks in the industry. There were 25 sales in the $750,000 to $1 million range between January and October 2015, compared to 41 during the same period in 2014. Although demand has decreased, St. John’s average housing price in the luxury market are expected to remain stable in 2016.

st johns average housing price