Local Housing Trend, St. John's

Local Housing Trend, St. John’s, NL


“In St. Johns, Newfoundland, according to the latest MLS reports, the total sales on the market year to date is 1,006 residential homes. During the same time frame in 2013, there was 1,112 units sold which represents a decline of 10%. During the month of April 2014, there were 279 sales as compared to 318 in April of 2013. While this decline in volume has resulted in a slight decrease in prices for our Province, the general St. John’s area has seen a slight increase. In April 2014, the average sales price of homes sold in the St. John’s area was $322,302 while April 2013, the average sales price of homes was $307,178 which represents an increase of approximately 5%. The greatest volume of activity was generated in homes ranging from $250,000, with most homes on the market in the 60 to 90 day range.”


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