St. John's Real Estate

East Extern Real Estate: It's a Seller's Market

2010-02-03T18:13:00Z

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. I know. I just lost half of you. But for those who stick around you will be better equipped to buy or sell a home in the East Extern.

It's a Seller's Market in the East Extern

For instance right now there are 69 single-family homes on the market in the East Extern, the average listing price is $346,800 and the average number of days on the market is 109. On average there were 20 sales per month in the first three quarters of 2009. At that rate there is 3.5 months supply of single-family homes on the market. Generally speaking, less than a six month supply of inventory means it's a Seller's Market.

That means it's an excellent time to sell your home. Contact me to discuss how to get sell your home for top dollar or click here to request an online Complimentary Market Evaluation.

How is the East Extern Market Performing Compared to 2008?

I took some time to compare the single-family home sales in the first three quarters of 2009. with the same period in 2008. That analysis showed that the price of single-family homes had increased by 8% in 2009, and that the number of homes sold had decreased by 25% from 2008.

Month by Month Performance

The table and graphs below show how the market performed in the East Extern month by month.

Are you still with me? Sorry it's all so ... well, statistical. It takes a better writer than me to make this type of information appealing.

These figures really are a broad brush stroke of the East Extern. It is likely that the individual communities (Portugal Cove-St. Philips, Torbay, Middle Cove-Outer Cove-Logy Bay, Flat Rock, and Pouch Cove) that make up the East Extern performed differently than the average. If you would like information by community please contact me. I'd be happy to help.

Are You A St. John's Subdivision Redneck?

2010-01-22T11:54:00Z

The other day a realtor buddy asked, “How can you tell the red necks in a new subdivision?” Since he’s the type that answers his own questions, without waiting to draw a breath he said, “They’re the ones with the stick built homes.”

It got the intended laugh around the room, but if you’re either bit like me, you probably thought, “Stick built homes? What’s he talking about?” Turns out stick built are traditionally built homes as opposed to a modular home that is factory built. Stick built? Red necks? I remember when modular homes were considered one step above a mobile home!

Since he’s a man who knows his stuff and, in this case, I seemingly didn’t, I decided to do a bit of research. Talk about an eye opener! First off, what I remembered as a modular home was actually a prefab home - cookie cutter homes that were assembled in a plant and placed on site. Today’s modular homes are so much more. They are built in sections, customized to meet your needs and designed to fit the specific requirements of the selected site. This new trend in home construction combines advanced technologies and custom finishes to build luxurious new homes.

My research showed me that new home buyers stand to benefit in a number of ways with cost controls, shorter wait times, superior construction and the environmental bragging rights that come with owning a modular home. One local supplier did say that their price per finished square foot was lower for modular homes than stick built homes.

A New Home in 10 - 12 Weeks

Once you have chosen your plan and it goes into production on the factory floor you’re on the fast track to a move-in ready home. Production facilities use an assembly line with quality controls and efficient processes. This ensures your home is built quickly while adhering to the highest standards for quality control and local, provincial and Canadian building codes. Since much of your home is factory built, the site preparation and foundation work can take place while the house is being built. There are also fewer opportunities for construction delays due to inspections, bad weather on the construction site, theft, vandalism, and difficulties finding or scheduling skilled subcontractors.

Modular Homes are a Superior Product

Being factory built, modular homes are normally inspected for quality control every step of the way. The larger more powerful equipment used in the factories produce precise cuts so walls are plumb and corners are square. You can be sure that fasteners are accurately applied and all parts are screwed and glued in preparation for the move to the building site.

Modular Homes are Eco Chic

Building green is cool! If you decide to go modular, you’ll be amongst the first in the St. John’s area to choose this option. They’re green for a number of reasons. First, there’s so little wastage. In an organized factory line environment, it’s easy to appropriately use discards from one station in another. In my reading I found out that modular home construction generates somewhere around 2% waste, compared to 30% – 40% wastage on a traditional home construction site. Can you imagine the amount of garbage generated by new home construction in an area like St. John’s where you can’t turn around but there’s a new subdivision going up? Massive!

Modular homes are also incredibly energy efficient because usual areas of air infiltration such as around plumbing and electrical fixtures are all sealed in the factory. Many manufacturers insulate walls from the outside and the vapour barrier provides one continuous seal, even at the corners.

Is it All Too Good to be True

Isn’t there always a downside? In the case of modular homes, site access can sometimes pose a problem. Not every street or road can accommodate a flatbed truck transporting a large home. Aside from access, the other challenge may be finding a lot on which to build your home. Most subdivisions only offer turnkey packages. Simply put, their onsite builders want to build you a stick built home. This means you may have to find a site outside an organized subdivision or a subdivided lot within an existing subdivision.

If you think a modular home may be the way to go, feel free to contact me to discuss your options. If you like to do your own research, the following information may prove helpful.

Modular Builders in Newfoundland

There are currently two companies, Builder’s Edge and Modular Home Solutions, which build modular homes in the province. Builder’s Edge does not build for the general public, they work strictly for builders. The four remaining companies are authorized dealers for New Brunswick based companies.

Company	Location	Authorized Dealers for:	Web site
Homeworx Modular Home Systems Inc.	St. John’s	Kent Homes	In Development
Builder’s Edge	Makinsons		Builder's Edge
NL Home	Mount Pearl	Maple Leaf Homes	NL Home
Gregg Construction	Paradise	Maple Leaf Homes
KSAB Construction	Corner Brook	Maple Leaf Homes	KSAB Modular Homes
Modular Home Solutions	LaScie	Hospitality Homes

Once you’ve done your research, if you’d like to explore all your options for building a modular home in the St. John’s area, please contact me. I’d be pleased to put my expertise to work on your behalf.

CMHC Release: St. John's Housing Market Outlook Healthy for 2009 - 2010

2009-05-20T18:07:00Z

Canada Mortgage and Housing Corporation (CMHC) released this report yesterday. I thought readers would be interested in what Chris Janes, CMHC's senior market analysthere in St. John's, had to say about the local market.

ST. JOHN'S, May 19 /CNW/ - Despite global economic uncertainty, strong economic fundamentals will support demand for housing within the St. John's region throughout 2009 and 2010, according to Canada Mortgage and Housing Corporation's Housing Market Outlook - St. John's report.Housing starts are expected to end 2009 at 1,550 units, with 1,675 starts forecast for 2010. The resale or MLS(R) market will post 3,450 sales by the end of this year and reach the 3,575 level in 2010. The average MLS(R) house price is expected to end the year at $198,000 versus $187,571 in 2008 and increase to $204,000 in 2010.

"The current demand for housing within the St. John's region is being driven by strong fundamentals such as a buoyant local economy, continued in-migration and solid employment, and is expected to continue throughout 2009 and 2010," said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. "Positive trends in demographic and economic fundamentals, paired with ongoing momentum spurred by recent major project announcements such as Hebron and the Vale Inco Hydromet, will continue to support the outlook for the St. John's area housing market," added Janes.

Please contact me if you would like to discuss investment opportunities in St. John’s or surrounding communities.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.

Five No Nonsense Reasons to Invest in St. John's Real Estate

2009-05-13T17:19:00Z

“Real Estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care it is about the safest investment in the World.”
—Franklin D. Roosevelt
________________________________________

These days some may challenge Roosevelt’s endorsement of real estate as the safest investment in the world. But history has proven that while there may be fluctuations, overall, real estate is an excellent investment. I could go on and on about why you should invest in St. John’s real estate. Great lifestyle. Amazing people. Unique culture. Scenery to die for. All true. However I know that as a sophisticated investor, you like key economic fundamentals. Here are five:

1. St. John’s leads the country in employment growth While most cities have hit hard times, in St. John’s, employment is up 5.9% and it is currently one of only three large cities in Canada with an unemployment rate below the national average of 8%. The growth is due to unprecedented revenues from the province’s offshore oil sector. Revenues that had Newfoundland and Labrador leading the country in GDP growth before world markets declined. St. John’s accounted for over half of the provincial growth. With the expansion of White Rose oil field, the development of the Hebron field, an expectation that agreement will be reached for the Hibernia South expansion and news from Statoil of a potentially important new offshore discovery, all indications point to continued employment growth.

Oil is the Tip of the Iceberg

While the oil industry is reason enough to invest in the St. John’s area, construction has started on the $2.2-B hydromet facility in Long Harbour. NalCor, the province’s energy corporation is moving ahead with the $10-B Lower Churchill project and a power corridor to New England markets.

2. Mega Projects Means Industrial Development As the provincial service centre, St. John’s will benefit from decades of development and production life associated with the new boom. Construction of Hebron is set to begin in 2012 with much of the manufacturing to be done in the province.

Vale Inco has begun construction of the hydromet nickel processing plant in Long Harbour (approx 100 Km west of St. John’s). It will be fully operational by 2013.

NalCor, the province’s energy corporation aims to have the projected nine-year Lower Churchill project approved by 2010. A power corridor is proposed to deliver hydroelectricity to New England markets.

The province is investing in new fisheries, ocean and alternative energy technologies. St. John’s is already home to fast-growing firms specializing in ocean technologies, defense and aerospace.

3. Growing Population For the first time in 15 years the province’s population is on the rise. St. John’s is expanding at a record pace. People are moving here from rural Newfoundland and from around the world to take advantage of the next boom. Hebron will require a workforce of about 3,500 at the peak of its four-to-five-year construction phase. The US$2.2-billion hydromet facility project in nearby Long Harbour will employ up to 1,600 people during its peak construction phase and will need 450 workers during its operation. Thousands of workers will be needed to move Lower Churchill towards first power in 2015. Consider the potential jobs to be created by spin-offs in the service sector and other industries.

4. Prices Still Well Below the Canadian Average Residential and commercial property prices in St. John’s are still among the lowest in Canada. The current ‘balanced’ market is particularly suited to medium to long-term investment by entrepreneurs new and seasoned alike. For example, a well-constructed single family home in move-in condition can still be bought for $180,000-$190,000. A two-apt home for $200,000 can return a monthly rental income of $1600.

The market for furnished executive condos and homes for lease is expected to increase as in previous booms. Property values and rental rates are expected to increase accordingly with land, labour and construction cost increases. The prospect of profitable returns on investment is very favourable.

5. Consider this one a thumps-up from me, a realtor who has invested and will continue to invest in real estate in and around St. John's.

Please contact me if you would like to purchase an investment property or further discuss investment opportunities in St. John’s or surrounding communities.

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.

A Snapshot of 50+ Condominium Complexes in the St. John's Area

2009-05-11T15:06:00Z

Time marches on and as happens, people age. Currently, boomers becoming eniors is an influential population trend which will continue well after the last baby boomer hits 65.

Sometime ago developers realized there would be a growing need for appropriate senior’s housing and began to construct Active Living Adult or 50+ Condominium Complexes.

Active Living Adult Condominium complexes fit boomers’ lifestyles for a number of reasons. They are worry free in terms of snow clearing, lawn maintenance, and exterior repairs. Generally, at least in the St. John’s area, it is possible to buy a unit close to family and friends. The complex is a convenient community of similarly aged adults, often with shared interests. Some complexes offer indoor and outdoor social facilities.

Currently there are Active Living Condominium Corporations located in the East and West ends of St. John’s and in Mount Pearl.

New construction is ongoing at Osprey Landing and Twin Brooks Condominiums. Construction should begin this summer on Park Place Condominiums in Mount Pearl; however Phase 1 is sold out.

The following is a list of the 50+ condominium complexes in the region. Contact Larry for a list of Adult Condominium Units currently on the market.

East End St. John’s

Osprey Landing Condominiums

Coultas Street, Shortall Street and Rowsell Place

Age: New Construction

Location: Clovelly Subdivision

Style: Detached bungalows, some with garages

Parking: Individual driveways

Condo Fee: $105.00 /mo, includes snow clearing, lawn maintenance

Restrictions: No sheds, fences or clotheslines

Pets: Allowed

Amenities: None

Neighbourhood Features: Borders the Clovelly Golf Course, short drive to major shopping centres

Manchester Place

Location: Clovelly Subdivision

Style: Detached and semi detached bungalows, some with garages

Neighbourhood Features: Short drive to several golf courses and major shopping centres

Woodlands Condominiums

Tyrone Place and Kilmory Place

Age: 5 -6 years

Location: Woodlands Subdivision

Style: Detached bungalows, some with garages

Parking: Individual driveways

Condo Fee: $135.00 /mo, includes snow clearing, lawn care

Amenities: There is approx an acre of green space with gazebo, park benches, and putting green

Neighbourhood Features: Short drive to several golf courses and major shopping centres

West End St. John’s

Westview Village 85 units

Keywest Court, Sarasorta Court, Pinellas Court, and Lance aux Meadows

Age: 13 years

Location: Columbus Drive and Blackmarsh Rd.

Style: Detached and semi detached bungalows

Parking: Individual driveways

Condo Fee: approx $150/mo

Amenities: Clubhouse

Neighbourhood Features: Village Mall

Empire Village

Glavine Street

Age: approx 10 years

Location: off Empire Ave. West

Style: Bungalows semi detached and detached, some with basements

Parking: Individual driveways

Meadows Court Condo Corporation

Florencia Court

Spring Meadow Court

Age: approx 2 years

Location: Captain Whalen and Columbus Drive

Style: bungalows and 2-story townhouses

Parking: reserved space

Condo Fee: approx $120.00

Twin Brooks

Gisbourne Place 81 unit condo development

Age: new

Location: off Ruby Line

Style: Bungalows with full basements

Parking: Individual driveways

Condo Fee: $110.00

Amenities: recreation space with horseshoe pitch, gazebo and park benches. Space for RV and boat parking provided

Neighbourhood Features:Close to shopping, recreational facilities and a golf course

Mount Pearl

Cloverbrae Cres

Location: Off Greenwood Crescent which is off Topsail Rd

Style: semi detachedbungalows

Parking: individual driveways

Parkdale Ridge Condominiums

Avery Place

Age: under construction (Phase 1 sold out)

Location: off Park Avenue

Style: townhouses

Amenities: plans include a putting green

Please feel free to contact me if you have any questions regarding 50+ condominium complexes or any questions about real estate in general. I am always happy to help.

Click here if you would like to be notified of 50+ condominium units as they come to the market.

Our Thoughts, Hopes and Prayers

2009-03-13T18:11:00Z

Yesterday morning we heard the news that a helicopter had ditched at sea 30 nautical miles east southeast of St. John’s. Eighteen people were aboard. Thirty hours later 1 man is in hospital in critical condition, and one body has been recovered. Sixteen people are still in the North Atlantic.

Today we are dreading nightfall when the Coast Guard will cease search and rescue efforts for the day.

We still pray for a miracle and send all our thoughts, hopes and prayers out to the family and friends of the passengers on Cougar 911.

Atlantic Blue a cover Ron Hynes song by Lee Dunne. Ron wrote Atlantic Blue after the sinking of the oil rig the Ocean Ranger.

Why People Love Quidi Vidi Village

2009-03-10T17:19:00Z

It's a crisp, cold, day with a promise of spring. Maybe that's why I got to thinking about a sunny day last fall when I took a walk around Quidi Vidi Village, a once rough and tumble fishing community, that's become one of the cool places to live in the past few years.

It was the final day of the food fishery and I was on the East Coast Trail just above the community. I could see small fishing boats either coming home with their catch, or just setting out, and someone on the other side of the harbour was playing a Joan Morrissey tune. It was a wonderful Newfoundland moment that warmed this bay boy's heart.

Moments like this are common in Quidi Vidi. It's a working fishing harbour. Many of the people who live there grew up in the village and the people moving into the area appreciate the character of the place.

In terms of house styles there’s a bit of everything. Historic homes sit beside modest 60’s bungalows; architecturally designed homes share the shoreline with roughly built fishing stages.

A few other interesting facts about Quidi Vidi Village:

The Quidi Vidi Brewery, a micro brewery, is located in a restored building on the harbour.

The community sits at the head of Quidi Vidi Lake, the location of the annual Royal St. John's Regatta , the oldest sporting event in North America.

It's one of the few places in Newfoundland where people have deeded ownership of the shoreline

Last but not least, Quidi Vidi is just a ½ hour from downtown St John's - and it's a lovely walk.

Here are a few more photos that I took that day - check Flickr for many more photographs of Quidi Vidi and the surrounding area.

Please contact me if you would like more information about Quidi Vidi or any other neighbourhood in St. John's.

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.

Home Staging

2008-10-14T11:20:00Z

Outdated kitchens make homes more difficult sell (or rent if it is an investment property). My home stager Glenys Moss has encountered many out dated kitchens in her career. She says if the walls, countertops, and cupboards are in good shape paint can work wonders. Other times it can take a bigger investment, but still there’s no need to break the bank.

For instance take this kitchen.

Most people would say you have no choice but to replace it. That wasn’t a possibility in this case, and since the cabinet structure was sound Glenys proposed replacing the doors and drawer fronts.

The cabinet frames were sanded and painted and Glenys arranged for a friend to build and spray paint custom MDF fronts. This was the end result and it cost approximately $1000.00.

As you can see Glenys also had the home owners remove all the clutter from the wall, paint the fake brick front and install a new faucet, diswasher and range hood.

These changes are an excellent example of how you can make your kitchen a selling feature rather than a stumbling block to the sale of your home.

If you're interested in further ideas to update your kitchen cabinetry the Family Handyman has some excellent ideas.

If you are considering selling your home and would like a speedy, profitable sale please call or email me. Glenys works with all my clients to make sure their home shows at its absolute best.

St. John's Investment Opportunity - 2-Apt. Home Close to University

2008-08-28T15:57:00Z

Excellent Investment Property

• 1,750 sq. ft., 2 bath, 4 bdrm 2 story "main floor in law " - $150,000

Rabbittown, St. John's - Excellent investment opportunity! On the doorsteps of the university this 2-apartment home offers excellent income potential. The main unit has three bedrooms with a potential 4th. New kitchen, mostly hardwoods on the main, and 2 fireplaces (neither work). The apartment is a main floor unit with its own entrance. Vinyl windows throughout the home and a new oil fired furnace.

Call to book your appointment today, it won't last long.

Property information

5-Level Split For Sale in Admiralty Wood

2008-08-19T00:58:00Z

beautifully remodelled home

• 3,540 sq. ft., 4 bath, 3 bdrm 5-level split "beautifully rebuilt " - $625,000

Admiralty Wood, Mount Pearl - Bright, beautiful executive family home on an oversized, preferred cul de sac lot in Admiralty Wood. Meticulously upgraded by current owners this 5 level home is perfect for entertaining family and friends. The open concept kitchen, dining and living room area is outstanding with an Artistic Kitchen and soaring, vaulted ceilings.

Property information

A Closer Look at the St. John's East End Real Estate Market

2008-08-04T09:09:00Z

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.

A Closer Look at Mount Pearl Market Stats for 2008

2008-08-03T12:29:00Z

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.

Ocean view property for sale in Bay Bulls

2008-08-01T15:14:00Z

lovely secluded chalet on 2.5 acres

• 4,500 sq. ft., 3 bath, 4 bdrm 2 story "unique chalet style " - $300,000

The Quays, Bay Bulls - Here's your opportunity to own your dream rural property. It's on a secluded 2.5 acres, beautifully landscaped, and offers front row seats to watch whales, icebergs, and the boats come and go in Bay Bulls Harbour. For those of you who like to hike, this home is at the head of the East Coast Trail.

The home itself is an architecturally designed, 4 bedroom, 4500 sq ft chalet style home. The living room features a natural stone fireplace, panoramic views, a vaulted ceiling, softwood floors and double French doors leading onto the side deck. The master bedroom features a 2 piece ensuite, and a sitting area with breathtaking views of the harbour.

Outside you can tell the current owners loved gardening and knew more than most about landscaping. It’s a wild, wonderful mixture of trees, shrubs, flower beds and meandering pathways. It offers enough nooks, crannies and possibilities to satisfy the most creative gardeners. For those of you who like to sit back and relax, you have a choice of three decks. The main 525 sq ft front deck is a great place to entertain and enjoy the views, you can tuck in amongst the shrubbery on the side deck, and if you want complete privacy you can settle down on a rear deck off the 2nd floor.

So much to offer and still only 20 mins drive to town. Call now to book your appointment to view.

Property information

St. John’s Condominium Market Stats

2008-06-09T10:04:00Z

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.

New Condominium Developments in Conception Bay South and Mount Pearl

2008-06-04T12:00:00Z

Last year there were far more people who wanted to buy condominiums than there were condos for sale. This may not be the case this year with the number of new condominium projects in various stages of development. Three of these new developments are in Conception Bay South and Mount Pearl.

Oceanfront Condominium Townhouses in Conception Bay South

Finally! I have been looking forward to condos being built in this town for a long time. And what a project! Forming part of the Red Sky Estates executive subdivision, these condos sit next to the beach and offer panoramic views of Conception Bay. Currently there are 13 for sale, priced at $299,900, $329,900 and $369,900. Builders are expecting a July occupancy date. Click here to request additional information on these Conception Bay South Condominiums.

Little Known Fact: Conception Bay South is the sunniest community in Newfoundland.

Two New Condominium Projects for Mount Pearl
There are a number of existing condominium developments in Mount Pearl. These two new developments nicely round out the styles and quality available in the town.

Avery Place Condominiums is the first phase of a much larger active Seniors Complex. Currently they are building attached and semi-detached bungalows. Further plans include condo apartments. Located off Park Avenue this complex is adjacent to the banks of the Waterford River and promises beautifully landscaped grounds. Prices range from $174,500 to $189,500. Click here to request additional information on this development.

Centennial Street Condominiums is an apartment complex with 4 units currently listed for sale. These are 1 bedroom, 2 bathroom units that range in price from $219,900 to $254,900. Builders expect occupancy this fall. Click here to request additional information on this development.

Click here for complete information on existing and new condominium projects in St. John’s and surrounding area.

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.