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T:  (709) 682-9045

E: swinters@stephenwinters.ca

Stephen Winters - St. John's Real Estate Blog 

St. John's Real Estate - Info Worth Knowing! 

October 2020 St. John’s Real Estate Stats

The St. John’s Metro area has experienced some upward momentum. Prices went up 6.65% in October 2020 to $314,120 versus the previous year at $294,537.

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July 2020 St. John’s Real Estate Stats

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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January 2020 St. John’s Real Estate Stats

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.

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St. John’s Real Estate Stats December 2019

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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St. John’s Real Estate Market Predictions for 2020

The St. John’s real estate market will continue to favour buyers in 2020, according to the 2020 RE/MAX Housing Market Outlook Report. The sale price expectation for St. John’s real estate market in 2020 is a decline of two per cent.

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Fluctuations in the St. John’s real estate market

You turn on the television and watch a news story about real estate house prices going down in St. John’s. Then you receive a flyer in the mail about a property around the corner that sold for a decent price.

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St. John’s Property Assessment Value vs Appraisal Value

We frequently are asked from home owners (as well as some buyers) what is the difference between an appraisal and the assessment value of a property?

The two are completely different and are used for different reasons. They have no correlation to each other at the current time.

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St. John’s Real Estate Stats September

Residential activity in the St. John’s real estate market was up by 39.1% (36 sales) on a year-over-year basis in September 2019

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St. John’s Real Estate Market Stats August

Residential activity in the St. John’s real estate market was up by 1.5% on a year-over-year basis in August 2019, while activity in the rest of the province rose by 12.5%.

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Steve Winters Realtor

Stephen Winters

T: (709) 682-9045

E: swinters@stephenwinters.ca

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RE/MAX Realty Specialists Ltd.

40 Aberdeen Avenue

St. John's, NL A1A 5N6