st johns real estate: St. John's Real Estate Market Trends Newsletter - 09/25/09 12:18 AM

st johns real estate: Canadian housing markets buck recession and trend upwards, says RE/MAX - 09/24/09 01:29 PM
With the worst of the recession over, residential real estate markets in major Canadian centres are poised for growth in the final quarter of 2009, according to a report released today by RE/MAX.
The RE/MAX Bricks and Mortar Report found the bounce back that began in early Spring has made this recession one of the shortest on record for real estate. Low interest rates, pent-up demand, and improved affordability levels have all played a role in the recovery now well underway. Percentage increases in sales from January to August 2009 were led by Vancouver, (up a substantial 14 per cent to … (2 comments)

st johns real estate: Existing homes in St. John's Remain Cool Says CMHC - 05/12/09 01:03 PM
The seller's market has certainly ended.  Inventory has increased approximately 30 per cent and listings are taking longer to sell or expire (never sell during their contract period).
The St. John's real estate market boomed during 2008, driven mostly by optimism created by the Newfoundland Government budget surplus, the Hebron oilfield announcement, and the Vale Inco Hydromet in Long Harbour.  In light of this, speculating buyers purchased homes from all price ranges in fear of property values zooming sky high.  The market cooled after the third quarter peak in 2008 and remained cool during the first quarter of 2009 causing the … (0 comments)

st johns real estate: St. John's Real Estate Prediction for 2009 - 01/18/09 09:43 PM
We are into the third week of January and the most common real estate question I am being asked is "where will the housing prices be in 2009?" As in most years, it’s difficult to predict. Last year CHMC predicted 6% and RE/MAX stated at least 12%. I remember saying after the first quarter we’ll see much higher then 12%. The final tally for 2008 is not yet in but should be close to 23% in my opinion. Now….where do I see the St. John’s real estate market for 2009. Currently my mind is set at a 5% increase from 2008. … (0 comments)

st johns real estate: St. John's Real Estate Market Report - 10/20/08 01:19 AM
Third quarter average Newfoundland MLS residential house price surged 19% to $182,306 compared to $153,053 during the third quarter of 2007, with additional price growth expected throughout the remainder of this year and next.  This third quarter surge comes after a stellar second quarter MLS stats. Average price is closer to $200,000 in St. John’s, Mount Pearl and Paradise.
MLS® sales advanced 11% to 1,695 units compared to last year’s third quarter sales of 1,529 units. The monthly break down for the third quarter:  July, August and September MLS® sales were 610, 541 and 544, respectively.

Unprecedented demand for … (1 comments)

st johns real estate: Comparing Fort McMurray house prices to St. John's - 04/21/08 10:51 PM
I was delving deeper into my Filogix MLS Real Estate system to investigate some features I've yet to explore. I discovered we have access to "inter real estate boards" listings and stats.
The first on the drop down tab was Fort McMurray homes for sale, so I decided to check it out. Floored at some of the prices and similar style houses compared to St. John's houses, I found a listing from Remax Fort McMurray that just shocked me.
A mobile home noted as "Amazing starter home at an amazing price". Amazing price alright....this property was listed for $354,900. Sold and … (0 comments)

st johns real estate: New home construction economic clause - 02/26/08 11:15 AM
There has been quite a debate around the "St. John's real estate water cooler" in recent weeks. Towards the end of 2007 some local builders and subdivisions in St. John's implemented a new "Economic Clause" to their contracts. Buyers have been noted to shy away from certain subdivisions and proceed to others that do not insert this clause. The debate is over whether this clause protects the buyer or the builder. Does it protect the buyer from an increase in purchase price of the house? Does it allow the builder the option to raise the price of the house prior to … (1 comments)

st johns real estate: St. John's MLS Trends for 4th Quarter 2007 - 02/02/08 03:02 AM
MLS® Residential Sales Post Record Fourth Quarter - MLS® sales surged 43 per cent to a record 1,326 units compared to last year’s fourth quarter sales of 926 units - October, November and December MLS® sales were 475, 497 and 354, respectively - Fourth quarter average MLS® residential house price jumped 11.4 per cent to a record $153,196 compared to $137,478 during the fourth quarter of 2006 Resale Market Returned to Balanced Classification - The current sales-to-active listings ratio trend and other factors combined, suggest the Market is heading quickly to a sellers classification and already has in some neighbourhoods - … (1 comments)

st johns real estate: Mortgage Calculator: How Much Can You Afford? - 01/03/08 06:19 AM
How much of a house you can afford depends on a number of factors. The most important are your gross household income, your down payment and the mortgage interest rate. Lenders will also consider your assets and liabilities. Your own lifestyle and debt comfort zone also come into play.
This calculation is based on two simple rules that lenders use to determine how much of a mortgage you can afford. The first rule is that your monthly housing costs should not exceed 32% of your gross monthly household income. Housing costs include monthly mortgage payments, taxes and heating expenses. If applicable, … (0 comments)

st johns real estate: Hebron-Ben Nevis oil project a go for Newfoundland - 08/23/07 02:33 AM
Hebron-Ben Nevis announcement is going to jump-start the Newfoundland industry, and bring in billions during its life.  Employment in St. John's and area will increase bringing back Newfoundlanders currently working in Alberta.  Relocation to St. John's real estate market will certainly benefit.  The overall St. John's economy will surely boom in the next few years, including the St. John's, Mount Pearl, Paradise real estate market.
The Hebron asset, which consists of the Hebron, Ben Nevis and West Ben Nevis fields, was first discovered in 1981. Chevron Canada Limited is the operator for the Hebron project with a 28 per cent working … (2 comments)

st johns real estate: February St. John's Real Estate Market - 03/10/07 12:54 AM
St. John's housing starts were affected by weather in February, according to preliminary data released by Canada Mortgage and Housing orporation (CMHC). For the month of February, a total of 63 housing starts were recorded across provincial urban centres, down nine per cent over February of 2006. Within the St. John’s metropolitan area, housing starts pulled back 12 per cent with 61 units recorded in February versus 69 during the same period last year. However, of the total number of starts recorded, 40 were condos at a new condominium development in St. John’s. In terms of the key single-detached segment, there … (0 comments)

st johns real estate: 9 Torngat Crescent - St. John's - 02/15/07 06:25 AM
9 Torngat Crescent - $207,900

Executive four bedroom well maintained home in Cowan Heights. Enjoy cooking in a spacious eat-in kitchen with custom lighting. Family room off kitchen with propane fireplace. Formal dining and living room with french doors. Crown mouldings. Large master bedroom with ensuite. Close to schools and playgrounds. Two tier patio deck with southern exposure and a beautiful view. Fully landscaped.

Stephen Winters (Remax Realty Specialists)

Stephen Winters

St Johns, NL

More about me…

Remax Realty Specialists

Address: 40 Aberdeen Ave, St. John's, NL

Office: (709) 726-8300

Mobile: (709) 682-9045

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Moving to St. John's Newfoundland? Looking for a great city to buy affordable investment properties? Call Fraser and Stephen Winters - Remax Realtors Today!



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