Stephen Winters

St. John's, Newfoundland

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Providing you with all the latest stats and market trends for the St. John's Real Estate Market

Monthly St. John's Real Estate Stats

St. John
Mount Pearl
Paradise
CBS
East Extern
Average Price
$333,000
$333,333
$322,222
$334,444
$355,555
Sales/Listings
50%
55%
60%
22%
44%

St. John's Real Estate Online Resource

We pride ourselves in providing a wealth of information to help you learn more about buying and selling real estate in St. John's Newfoundland. Fraser and Stephen Winters are one of St. John's and surrounding cities top online destinations for real estate MLS listings, market trends and real estate news. Our real estate knowledge and articles in buying and selling homes, mortgage information and new home construction allows you to read and learn at your leisure. So whether you are wondering what your home value is, looking for real estate information to help you buy or sell your home, or just looking to browse properties in your area, it's all right here.

St. John's Real Estate Blog

Our St. John's Real Estate Blog is a way for us to connect with you and let you keep up to date with the latest real estate market trends , MLS market statistics, real estate articles, latest sub divisions and mortgage information. We'll also give you practical home maintenance tips you can use immediately to positively impact your home. You'll want to stop by often as we update the blog frequently.

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St. John's Real Estate Stats

The St. John’s Real Estate Market for the month of March (2014) showed little change from the previous month with regards to price changes.  We are seeing fair number of price reductions on properties. (a good thing)  Listings were down slightly this month so this could quite possibly be a little shift in the market.  With all the inventory out there we really need some of it to “dry up”.  There are lots of buyers looking and inquiring but many are sitting on the fence.  Expired listings are down from last month but still 23% of listings are expiring. The total number of sales for the year are down 7% unchanged from February. 

Personally I expect once all this snow disappears we will start to see a slight shift in the St. John’s real estate market.  I don’t expect records numbers, however I think we will get back to a more balance real estate market.

 

Total # of MLS Listings [Mar]  = 947  Total # of Sales [Mar] = 273 

 

Number of  Active Listings for Sale in Newfoundland = 4261

Numbers are based on both residential and commercial listings/sales

Here is a break down by area for March:

St. John’s Real Estate: Listings = 147  Sales = 59  Sales/Listings Ratio = 40%

Average sale price for a home in St. John’s: $352,860 for the month of March and the 12 month average $334,331

Mount Pearl Real Estate: Listings = 35 Sales = 9 Sales/Listings Ratio = 26% Average Sale Price (12 month average): $297,417

Paradise Real Estate: Listings = 35 Sales = 16 Sales/Listings Ratio = 46% Average Sale Price (12 month average): $352,421

East Extern Real Estate: Listings = 54 Sales = 14 Sales/Listings Ratio = 26% Average Sale Price (12 month average): $370,422

Conception Bay South Real Estate: Listings = 43 Sales = 19 Sales/Listings Ratio = 44% Average Sale Price (12 month average): $305,946

St. John's Housing Starts

Housing starts in the St. John’s Real Estate Market were trending at 1,587 units in March compared to 1,842 in February according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.

“Residential construction activity in St. John’s trended lower in March,” said Chris Janes, Senior Market Analyst with CMHC’s Atlantic Business Centre. “The downward trend can be attributed to a slower rate of economic growth than has been seen in recent years and has impacted both single- detached and multiple starts in 2013,” added Janes.