Some Real Sales Stats - Eye Opener

Everyone discusses stats, markets and what is happening - is the bottom going to fall out of it???

Well, here are some real stats from NLAR tracking system; the real numbers of what's happening in Newfoundland and Labrador. The numbers that are not posted publicly.

Year end number of homes(units) sold by price

2011                                                         2012

1) 260,000 - 349,000  - 1508 units          1) 260,000 - 349,999  - 1437 units

2) 240,000 - 259,999  - 380 units            2) 350,000 - 399,999  - 433 units

3) 220,000 - 239,999  - 358 units            3) 240,000 - 259,999  - 359 units

4) 350,000 - 399,999  - 343 units            4) 400,000 - 499,999  - 293 units

5) 400,000 - 499,999  - 266 units            5) 220,000 - 239,999  - 242 unitts

2013                                                        2014

1) 260,000 - 349,999 -1466 units            1) 260,000 - 349,999 -1268 units

2) 350,000 - 399,999 - 528 units             2) 350,000 - 399,999 - 484 units

3) 400,000 - 499,999 - 357 units             3)400,000 - 499,999 - 379 units

4) 240,000 - 259,999 - 290 units             4) 240,000 - 259,999 - 300 units

5) 220,000 - 239,999 - 245 units             5) 220,000 - 239,999 - 231 units

 Numbers are pretty stable

Total Sales Dollar Volume Year To Date

2010 $1,038,682,116.00

2011 $1,218,002,505.00

2012 $1,304,965,095.00

2013 $1,281,375,421.00

2014 $1,225,892,679.00

Pretty stable when discussing the average price of homes being around $300,000.00

NOW HERE IS THE EYE OPENER

Average HOME SALE PRICE Per District

                       2011                 2012                2013                 2014

St. John's       $296,756.00     $311,148.00    $331,115.00    $344,203.00

Mt Pearl         $258,294.00     $266,960.00    $298,679.00    $294,970.00

Logy Bay       $326,820.00     $345,198.00    $372,921.00    $404,060.00 

to St Phillips

Paradise to   $327,039.00     $331,309.00    $352,121.00    $350,895.00

Topsail

Conception  $278,266.00     $288,571.00    $304,902.00     $305,644.00 

Bay South

As you can see, people are selling their homes for good value. Everyone's situation is different so if you want to discuss selling this year then you need to sit down with me to discuss your situation. Is the time right to sell or not to sell?

With regards to buying, you need to understand markets.  Everyone preaches buy low, buy low. Yes, buying low is great; however again you need to understand pricing, market conditions, area and is that house the right value for you- well, that's another posting.

Charles Harris

Charles Harris

REALTORĀ®
CENTURY 21 Seller's Choice Inc.
Contact Me

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