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.
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.