10 Guzzwell Drive

st. john's mls listing

 

St. John’s MLS Listing – 10 Guzzwell Drive

Enjoy the evening sun in this extremely well maintained 2 story home located in the East End of St. John`s. Fully developed and had lots of upgrades throughout the years. The spacious main floor has hardwood floors, crown mouldings and has both a formal dining room and living room. The kitchen was renovated in 2014 with dark cabinets and modern style backsplash. You`ll be impressed with the added main floor space of a sunken family room which has full access to the large patio deck. Three bedrooms are located on the second floor and the master bedroom is equipped with an ensuite and a large double closet. The basement is fully developed and has a open concept rec room. The lot is fully landscaped and fenced. Conveniently located near a large number of walking trails. Great MLS® Listing in St. John’s. Asking $339,900  For additional information and photos click here

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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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785 Main Road – Goulds MLS 1129333

785 Main Road

Attention to detail is what you will find in this recently developed home. Situated on an oversized lot a fully developed 2 storey home with detached garage. It even includes a large bonus room. The main floor is an open style concept layout. Large eat-in kitchen and adjoining family room with propane fireplace. There is a separate formal living room and a large den. Hardwood and tiled floors as well as crown mouldings and pot lights can be found throughout most of the home. Off the hardwood staircase is the large bonus room and is perfect for an additional family room or rec-room to relax in. The master bedroom has a spacious walk-in closet and an ensuite with corner shower and soaker tub.  Asking price is $469,900

For complete details on 785 Main Road click here.

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Should You Worry About The St. John’s Real Estate Market Fluctuations?

You turn on the television and watch a news story about real estate house prices going down in St. John’s.  Then you receive a flyer in the mail about a property around the corner that sold for a decent price. Next you read a newspaper article about the St. John’s real estate market on the upswing again.

It’s a little like being on a roller-coaster ride!

Unfortunately the ride isn’t much fun if you’re thinking of buying or selling a home. In fact, it can be very confusing and frustrating. You just don’t know if “now” is the right time to make a move.

In reality, the housing market has been fluctuating for decades. Yet, people sell their homes every day throughout the St. John’s Metro Area for good prices. As well, just as many people get into their next dream homes affordably.

When you hear news of market fluctuations, there are two important things to consider.

First of all, a lot of media information about the housing market is national, or at least regionally for bigger cities. If the housing market is trending up or down nationally, remember that it doesn’t necessarily mean that the St. John’s real estate market is doing the same. This can even be relative to some subdivisions.  (ie Southlands or Clovelly etc)

In fact, it’s entirely possible for housing prices to be rising in your neighbourhood while they are falling nationally, and vice versa.

Secondly, if you’re selling a current property while buying another home, then the net effect of market fluctuations may cancel out.

Say, for example, that the St. John’s market is on the upswing. You’ll probably be able to sell your current home for a good price. However, the home you purchase will likely also be priced to reflect the upswing.

The same holds true when the market is down.

All that being said, there are some circumstances in which you need to consider market fluctuations when deciding whether or not to make a move. A good REALTOR® will help.

Looking for a good REALTOR®? You have three to choose from.  Give us a call and we’ll be happy to answer all your questions.