04 August 2008
A Closer Look at the St. John's East End Real Estate Market
If you have been reading this blog you will know that I like to break down statistics into a form that is meaningful for the consumer. For instance this post will look at single family detached homes, both bungalows and 2 stories in St. John's East End as well as all styles of detached, 2 apartment homes in the same area. 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 13 active listings with an average list price of $270,300.00
| Year | # Sold | Ave List Price | Ave Sale Price | Days on Market |
| 2008 | 46 | $197,900 | $196,800 | 21 |
| 2007 | 111 | $183,300 | $179,700 | 60 |
Using these figures we can see that the price of a single family bungalow increased 8.7% over the same period last year.
Detached 2-Story Homes (single family) - Currently there are 28 active listings with an average list price of $294,300.00
| Year | # Sold | Ave List Price | Ave Sale Price | Days on Market |
| 2008 | 43 | 315,600 | 308,600 | 33 |
| 2007 | 124 | 255,700 | 252,900 | 78 |
Using these figures we can see that the price of a single family 2 story home has increased 18% over the same period last year.
Detached 2-Apartment Homes - Currently there are 16 active listings with an average list price of $243,000.00
| Year | # Sold | Ave List Price | Ave Sale Price | Days on Market |
| 2008 | 48 | $216,300 | $214,200 | 23 |
| 2007 | 46 | $186,400 | $182,600 | 43 |
Using these figures we can see that the price of a detached 2 apartment home increased by 15% 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 St. John's area, or have questions about real estate in general, please call or email. I am always available to help.
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