17 Tobin Crescent: For lease in St. John’s east end

January 9, 2012 · Filed Under St. John's Real Estate · Comment 

Located on a quiet street in the East End of St. John’s.  Very well looked after 3 + 1 bedroom bungalow with lots of upgrades.  Hardwood floors.  Updated kitchen and bathroom.  Open concept living room/dining room.  Wood burning fireplace.  Fully developed basement with rec room, laundry room, 3 piece bathroom and lots of storage.  For lease: $1250 a month pou. Includes fridge, stove, dishwasher, washer and dryer.  Close to MUN, schools and hospital. Contact Fraser or Stephen Winters for more information.

Virtual tour of 17 Tobin Crescent

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St. John’s Newfoundland MLS Stats for December 2011

January 7, 2012 · Filed Under Monthly MLS Stats and St. John's Real Estate · Comment 

As the end of 2011 came to a close we saw the “normal” slow down leading up to Christmas.  Typically new listings and offers slow til after the holidays yet the stats for “sales closed” increase. You can see this below as most of the listing to sales ratios for selected areas are well over 100%.
2011 ended up being a good year for real estate in St. John’s.  We saw modest gains and lots of the listing inventory dried up.  Expired listings were well up from previous years.  Average time on the market for a house as 2011 ended was approximately 70 days. It’s still officially a buyers market according to the latest CMHC report, but my thoughts are it will become a nicely balanced market as we approach spring/summer. Let’s hope we actually get a summer this year in St. John’s unlike last year. :)

As I mentioned last month, there are still a lot of buyers in the market place. RE/MAX’s Canadian Housing Market Estimates for 2012 state that we should see a 5% increase in housing price for St. John’s and surrounding area this year.

Don’t forget to contact us for a free market evaluation on your home.


Total # of MLS Listings [December] = 429 (based on residential stats)
Total # of Sales [December] = 408
Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 2942

Here is a break down by area for the month of December

St. John’s Real Estate: Listings = 68   Sales = 108 Sales/Listings Ratio = 159%
Average sale price for a home in St. John’s: $312,372 for the month of December and the 12 month average $292,701

Mount Pearl Real Estate: Listings = 9 Sales = 15  Sales/Listings Ratio = 167%
Average Sale Price (12 month average): $259,857

Paradise Real Estate: Listings =28 Sales = 29 Sales/Listings Ratio =104%
Average Sale Price (12 month average): $326,084

East Extern Real Estate: Listings = 21 Sales = 17  Sales/Listings Ratio = 81%
Average Sale Price (12 month average): $317,160

Conception Bay South Real Estate: Listings = 22   Sales = 24  Sales/Listings Ratio = 109%
Average Sale Price (12 month average): $271,932

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St. John’s RE/MAX Market share for 2011

January 6, 2012 · Filed Under Remax Newfoundland, Remax Reports and St. John's Real Estate · Comment 

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Vacancy Rate Remains Low in St. John’s Area

December 15, 2011 · Filed Under CMHC Reports, St. John's Investments and St. John's Rentals Info · Comment 

From the CMHC press release regarding vacancy rates in St. John’s.

According to Canada Mortgage and Housing Corporation’s (CMHC) Fall Rental Market Survey, the vacancy rate in the St. John’s Census metropolitan area (CMA) was 1.3 per cent, compared to 1.1 per cent in 2010.
“With record employment and income growth attracting people to the region, population growth continued to create rental demand as new immigrants have a high tendency to rent,” said Chris Janes, senior market analyst with CMHC in Newfoundland and Labrador. “An increase in home prices and a solid economy also supported demand for rental units in 2011. These factors, coupled with limited new rental supply, continued to keep the local vacancy rate low,” added Janes.
Provincially, vacancy rates in percentage terms were 1.3 in the Corner Brook area, 1.2 per cent in Gander and 0.9 per cent in the Grand Falls-Windsor area. The combined provincial vacancy rate for all centres surveyed increased from 1.0 per cent to 1.3 per cent.
Overall, the average two bedroom rent was $701 across the five urban centres surveyed, with increases recorded in every centre. The highest average two bedroom rent recorded was $771 in the St. John’s CMA, while Bay Roberts posted the lowest average rent of $561. The remaining average two bedroom rents were $584 in Corner Brook; $567 in Gander and $646 in Grand Falls-Windsor.

 

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St. John’s Newfoundland MLS Stats for November 2011

December 7, 2011 · Filed Under Monthly MLS Stats, Mount Pearl Real Estate, Paradise Real Estate and St. John's Real Estate · Comment 

The number of home sales in St. John’s increased in November to 477.  This is up 30% from November 2010.  There was a fair amount of activity this month compared to the previous months.   Listings were up only 2% and expired listings dropped back to 10%, but it was the 30% gain in sales for November made a huge difference to our market place.  It’s good to see expired listings  slowly dropping to normal levels.   With lots of buyers in the market place we should see a fairly active beginning to 2012 in St. John’s.

RE/MAX released their Canadian Housing Market Estimates for 2012 and prices for a house in St. John’s and surrounding area is estimated to increase by 5% in 2012.

Don’t forget to contact us for a free market evaluation on your home.


Total # of MLS Listings [November] = 754 (based on residential stats)

Total # of Sales [November] = 477

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3600


Here is a break down by area for the month of November

St. John’s Real Estate: Listings = 144   Sales = 114 Sales/Listings Ratio = 79%

Average sale price for a home in St. John’s: $292,747 for the month of November and the 12 month average $290,428

Mount Pearl Real Estate: Listings = 18 Sales = 23  Sales/Listings Ratio = 128%

Average Sale Price (12 month average): $260,357

Paradise Real Estate: Listings =38 Sales = 45 Sales/Listings Ratio =118%

Average Sale Price (12 month average): 325,088

East Extern Real Estate: Listings = 33 Sales = 20  Sales/Listings Ratio = 61%

Average Sale Price (12 month average): $313,363

Conception Bay South Real Estate: Listings = 37   Sales = 32  Sales/Listings Ratio = 65%

Average Sale Price (12 month average): $273,702

 

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St. John’s Newfoundland MLS Stats for October

November 3, 2011 · Filed Under Monthly MLS Stats · Comment 

Average price of real estate in St. John’s has increased slightly again this month. Average price of a home in St. John’s is hovering around $288,000.  For most of the year listings have been on the increase and sales at a decrease but we are starting to see a shift in the market now.  Listings are slowly decreasing and sales are starting to pick up.  We are up 11% this month compared to 2010 but there is virtually no change on a year to date perspective.  There are lots of buyers in the market place and we are still classified as being in a “buyers market” according to CMHC. Average sales price for a home in Newfoundland is now $248,678 up from the mid 230′s from last year.  The bulk of the sales are in the 260k to 350k price range. Expired listings are up still from last year, by 25%  Contact us for a free market evaluation on your home.


Total # of MLS Listings [October] = 813 (based on residential stats)

Total # of Sales [October] = 514

Number of Active Listings in the NLAR MLS System (ALL of Newfoundland) = 3778

Here is a break down by area for the month of October

St. John’s Real Estate: Listings = 162   Sales = 102 Sales/Listings Ratio = 63%

Average sale price for a home in St. John’s: $296,165 for the month of October and the 12 month average $288,291

Mount Pearl Real Estate: Listings = 30 Sales = 25  Sales/Listings Ratio = 83%

Average Sale Price (12 month average): $262,379

Paradise Real Estate: Listings =59 Sales = 40 Sales/Listings Ratio =68%

Average Sale Price (12 month average): $318,443

East Extern Real Estate: Listings = 45 Sales = 26  Sales/Listings Ratio = 58%

Average Sale Price (12 month average): $309,886

Conception Bay South Real Estate: Listings = 48   Sales = 31  Sales/Listings Ratio = 65%

Average Sale Price (12 month average): $270,910

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29 Gorman Ave – Two Apartment Home in Kilbride

November 1, 2011 · Filed Under New MLS Listings, St. John's Investments and St. John's MLS listings · Comment 

***REDUCED*** 29 Gorman Ave is located in Kilbride.  This 2-apt home has lots of potential. Three bedrooms on the main floor and two in the basement apartment.   Vinyl windows. Spacious main floor with open concept living room / dinging room.  Fully fenced back yard.  Patio deck.  and 12 x 16 shed.  Great investment property. Asking price is $190,000  MLS: 171512  Call Fraser or Stephen Winters for more information.

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