St. John's West Real Estate Watch

Compared to 2005 there were bargains to be had in the condo market this past year, with prices for condos less than $175,000 down by 6.5% from the previous year. They also took almost twice as long to sell. The best price gains were found in the 2 apartment homes between $175 – 250,000 with an average price increase of 5.2%.

SINGLE FAMILY HOMES

< $175,000.00                                 Average sale price was up 0%

$175,100.00 – $250,000.00            Average sale price was up 4.1%

$250,100.00 >                                 Average sale price was down 8.9%

2-APARTMENT HOMES

< $175,000.00                                Average sale price was up 2.2%

$175,100.00 – $250,000.00           Average sale price was up 5.2%

$250,100.00 >                          

CONDOMINIUMS

< $175,000.00                                 Average sale price was down 6.5%

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