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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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St. John’s Real Estate Average House Prices for March 2015

 

St. John’s Average House Price for March 2015

Well the first quarter of 2015 is behind us and there hasn’t really been much movement with regards to the St. John’s Real Estate Average House Prices.  Typically we pick up in the spring time, so hopefully with the snow melting this once again holds true.  The media has been pumping a lot of negative about the real estate market and saying big words like “bubble” and “housing crash”.  I can not stress, this is far from the truth.  We are certainly not going to see any positive gains this year, but we certainly will not see huge negative numbers either.  There have been more homes over the 750k range sold thus far this year then all last year combined.  The St. John’s average house price will remain flat for 2015 and CMHC’s is predicting about the same for 2016.  st. john's real estate stats

Total # of MLS Listings = 942
Total # of Sales [Mar] = 318

Number of Active Listings for Sale in Newfoundland = 4491
Numbers are based on both residential and commercial listings/sales

Here is a break down by area for March:

St. John’s: Listings = 178 Sales = 72
Sales/Listings Ratio = 40%
St. John’s average house price: $304,884 for the month of March and the 12 month average $340,348

Mount Pearl: Listings = 30 Sales = 20
Sales/Listings Ratio = 67%
Mount Pearl Average house Price (12 month average): $290,855

Paradise: Listings = 34 Sales = 17
Sales/Listings Ratio = 50%
Paradise Average house Price (12 month average): $351,582

East Extern: Listings = 49 Sales = 24
Sales/Listings Ratio = 28%
East Extern Average house Price (12 month average): $406,325

Conception Bay South: Listings = 66 Sales = 14
Sales/Listings Ratio = 21%
CBS Average House Price (12 month average): $304,910

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.

For a Free Market Evaluation

CLICK HERE

Sales jumped 16% for the month of March and are up 5% so far in 2015.  As I mentioned in last months February real estate stats review we saw a flurry of activity towards the end of the month and this pop in sales was quite possible.  Total listings are exactly the same as this time last year (actually on par the past 2 years). Once again we are seeing huge numbers of listings expire. 53% difference in listings last month compared to March 2014 and 40% increase in expired listings for the first quarter of 2015.

St. John’s Real Estate Average House Prices February 2015

 

St. John’s Real Estate Average House Prices for February 2015

I normally do not track December and January real estate market statistics as I find they are a VERY inaccurate pulse of our current market. (as a snap shot in time) The St. John’s Real Estate Average House Prices for February 2015 are below and show a truer picture as we continue into the spring real estate market.st. john's real estate stats

Total # of MLS Listings = 834
Total # of Sales [Feb] = 218

Number of Active Listings for Sale in Newfoundland = 4422
Numbers are based on both residential and commercial listings/sales

Here is a break down by area for February:

St. John’s: Listings = 138 Sales = 54
Sales/Listings Ratio = 39%
Average sale price for a home in St. John’s: $340,547 for the month of February and the 12 month average $343,510

Mount Pearl: Listings = 19 Sales = 8
Sales/Listings Ratio = 42%
Average Sale Price (12 month average): $291,109

Paradise: Listings = 37 Sales = 19
Sales/Listings Ratio = 44%
Average Sale Price (12 month average): $351,166

East Extern: Listings = 56 Sales = 10
Sales/Listings Ratio = 18%
Average Sale Price (12 month average): $402,048

Conception Bay South: Listings = 34 Sales = 9
Sales/Listings Ratio = 24%
Average Sale Price (12 month average): $304,778

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.

For a Free Market Evaluation

CLICK HERE

Sales are down a mere 2% so far in 2015.  This accounts for 9 sales. The number of listings are down 9% year to date.  We noticed an increase in sales in our office during the February month.  Seeing that RE/MAX does approximately 40% of the business in the St. John’s Real Estate Market I expect a little pop in stats for the March month when the transactions close.