Average St. John’s House Prices for April 2016

03 May

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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