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I wish I could say this post was filled with juicy bits of real estate info, like who made a killing flipping homes last year, or the best buy in real estate in the East Extern bar none. Too bad I don’t have that info, instead its insider stats. Read More...
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 Read More...
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 Read More...
Why Such a Big Prize This past week CMHC (Canada Mortgage and Housing Corporation) presented their annual real estate review and projections for the coming year. Once it was all said and done the St. John’s CMA (Census Metropolitan Area) area walked Read More...
- this past week. I spoke to four agents that had listings sell well above asking within days of being placed on the market. There's a qualifier though. All of these homes were priced between $150,000 - $200,000.00. Based on the facts, it's a Read More...
I’ve never experienced a real estate market like this since I’ve been selling real estate. Some might say it’s because I only have seven years in the business, but other realtors, some who have been in the business much, much longer, Read More...
The most recent stats from the Newfoundland and Labrador Association of Realtors (NLAR) paint an interesting picture of the provincial real estate market. 2007 2006 %INC/DEC [ 2006 - 2007 ] Total # of Listings [Month] 270 339 -20% Total # of Listings Read More...
According to yesterday’s edition of the Globe and Mail people in this province are on a home buying binge, and they have the statistics to prove it. In November home sales were up a whopping 72% over November last year. In St. John’s home Read More...
People in Killbride would have every right to sit back and smile when they compare their results to the other areas included in the St. John’s region. They were the only area that experienced price increases in all the active market segments. SINGLE Read More...
It’s important to note here that Southlands refers to the general area not just the subdivision known as Southlands. SINGLE FAMILY HOMES < $175,000.00 Average sale price was up by 4.7% # expired # sold Ave list price Ave sale price Ave DOM 2006 Read More...
The Goulds is a largely rural area with a small population base. The vast majority of the real estate activity took place in the < $175,000 range. Sellers in this price range can boast that they realized some of the highest increases in prices in the Read More...
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 Read More...
Well when you take a look at St. John's North the people who sold single family homes under $175,000, and from $175,100 - $250,000 get the nod for best performance. Sales were up 16% and 25% respectively. Prices didn't appreciate all that much Read More...
I have to admit when I started to compile the numbers for this report, I did a double take when I saw that the average selling price for single family homes under $175,000 was down by 2.8% from 2005 and that conods under $175,000 were down by 5.9%. I Read More...
As promised, I'm going to delve a little deeper into the various segments that make up the regional real estate market. I'll start tonight with St. John's Central, later this week I'll post similiar stats for St. John's East. These Read More...