According to the preliminary trends, this market area has experienced some upward momentum. Prices went up 2.17% in July 2020 to $295,457 versus the previous year at $289,195.
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With the state of emergency in St. John’s for over a week it certainly played its toll on a number of businesses and real estate was one of them. Delays in closings, cancelled showings and home inspections all contributed to a decline in offers. To my surprise as soon as the SOE was lifted the market seemed to explode with activity.
Overall, with Average Prices falling and Days on Market increasing, the Listed versus Closed Ratio finished strong this month. There were 371 New Listings in December 2019, down 4.13% from last year
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Choosing your St. John's Realtor®
- 1Searching for a Realtor®
When searching online for a "Realtor® near me", ask lots of questions. Ask about the St. John's real estate market: - the current market stats, where the St. John's real estate market is headed and knowledge of the area where you are looking to buy a home.
- 2Questions for your Realtor®
Are they they full time Realtor®? How many years experience? How does this Realtor® handle the buying/selling process? Ask the Realtor® what you can expect for their services and as well, what can be expected of you as their client.
- 3Ask for a recommendationIf possible ask family, friends and co workers for recommendations of a Realtor® in the St. John's real estate market. When buying or selling a home typically there is nothing better then a referral for a Realtor® in the St. John's Metro.
T: (709) 682-9045
RE/MAX Realty Specialists Ltd.
40 Aberdeen Avenue
St. John's, NL A1A 5N6
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