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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 away with the Oscar for Best Real Estate Market Picture. ...
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- 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 pretty safe bet, at least for one segment, that we're in a seller's market. ...
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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, say the same thing. What’s so unusual? It’s the low number of listings on the ...
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The most recent stats from the Newfoundland and Labrador Association of Realtors (NLAR) paint an interesting picture of the provincial real estate market.
20072006%INC/DEC[ 2006 - 2007 ]Total # of Listings [Month]270339-20%Total # of Listings YTD946193261%Total # of Expired Listings [Month]748806-7%Total # of Expired Listings ...
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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 sales were up 68% from October to November this year, and it shows. The inventory is down and ...
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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 FAMILY HOMES < $175,000.00 ...
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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 ...
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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 St. John’s area with single family homes up by 7.7% and 2-apartment homes up by 10.6% ...
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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 homes between $175 – 250,000 with an average price increase of 5.2%. SINGLE ...
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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 (1.6 and 1.2%) but, compared to other market segments in that area, that could be ...
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