09 June 2008
St. John’s Condominium Market Stats
When people think of buying a new home, these days a condominium is often their first choice. When you are considering a purchase it is always helpful to know how the market is behaving. The following tables give you a quick snapshot of the St. John’s Condominium Market.
Condominium Sales Jan 01 - May 31*
| Year | # Sold | Ave List Price | Ave Sale Price | Days on Market |
| 2008 | 34 | $166,510 | $164,656 | 52 |
| 2007 | 37 | $156,991 | $153,021 | 56 |
Using these figures we can see that condominium prices have increased 5.7% over this same time last year, they are taking slightly less time to sell and selling prices are getting closer to asking. In 2007 sellers were getting 98% of list price, this year they are getting 99% of list price.
Current Condominium Market*
| Price Range | # of Listings | Ave List Price |
| < $150,000 | 18 | $125,044 |
| $151,000 - $250,000 | 20 | $189,842 |
| $251,000 - $350,000 | 18 | $312,983 |
| > $351,000 | 14 | $408,423 |
*based on current NLAR statistics
If you are thinking about buying or selling a condominium, or have questions about real estate in general please call or email. I am always available to help.
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