03 August 2008
A Closer Look at Mount Pearl Market Stats for 2008
Given that it is the end of July I thought it would be a good time to take a closer look at what has been happening with Mount Pearl Real Estate this year . The following* information gives you a quick snapshot of the activity for detached bungalows, 2 story and 2- apartment homes. The tables compare sales for Jan 01 - July 31, 2008 to the same period in 2007. Prices have been rounded to the nearest $100.00.
Detached Bungalows (single family) - Currently there are 7 active listings with an average list price of $250,500.00.
| Year | # Sold | Ave List Price | Ave Sale Price | Days on Market |
| 2008 | 47 | $176,700 | $174,900 | 19 |
| 2007 | 57 | $148,800 | $145,100 | 50 |
Using these figures we can see that the price of a single family bungalow has increased 17% over the same period last year.
Detached 2-Story Homes (single family) - Currently there are 8 active listings with an average list price of $286,700.00.
| Year | # Sold | Ave List Price | Ave Sale Price | Days on Market |
| 2008 | 24 | $278,900 | $275,900 | 38 |
| 2007 | 21 | $248,500 | $242,600 | 64 |
Using these figures we can see that the price of a single family 2 story home has increased 12% over the same period last year.
Detached 2-Apartment Homes - Currently there are 10 active listings with an average list price of $219,600.00
| Year | # Sold | Ave List Price | Ave Sale Price | Days on Market |
| 2008 | 38 | $193,500 | $191,200 | 19 |
| 2007 | 57 | $162,700 | $155,500 | 44 |
Using these figures we can see that the price of a detached 2 apartment home increased by 18.7% over the same period last year.
*Based on NLAR (Newfoundland and Labrador Association of Realtor) statistics as of July 31, 2008
If you are thinking about buying or selling a home in Mount Pearl, or have questions about real estate in general, please call or email. I am always available to help.
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