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In seven years I have handled 100+ new homes builds with my clients. New home builds are always trickier to manage than buying a resale home. This year it became a little more complicated. For instance, I have a client whose costs to build just went up $12,000.00 before construction even starts, and a friend whose home is already 2 weeks behind ...
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I always like to drill a little deeper into real estate statistics. It generally gives you a better picture of how a particular set of numbers affect your personal situation. NLAR released their March statistics on Monday and little analysis proved interesting.
The Number of Listings is Way Down Right? IT ...
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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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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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Remember last week when I told you that Newfoundlanders were on a home buying spree, well this week Stats Canada says they’re coming home in droves. To be exact “…….the province's population had its largest increase in 15 years, recording a jump of 1,200 in just a three-month period this year between July 1 and Oct. ...
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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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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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