|What a great summer we are having (or is it had). Unfortunately you can feel the nights getting colder. On that note, it might be a great time to think of ways to make your home more energy-efficient AND receive grants through the
ecoENERGY Retrofit Program. There you can find a list of improvements and retrofits
that are eligible under the ecoENERGY Retrofit - Homes program and the
corresponding grant amounts. The maximum grant you can receive for a
home is $5,000. Don't forget the Home Renovation Tax Credit. You can claim a non-refundable tax credit on your 2009 income tax return based on eligible expenses incurred for work performed or goods acquired after January 27, 2009,
and before February 1, 2010 resulting in a maximum tax credit of $1,350.
Here is a break down by area for the month of August
St. John's Real Estate: Listings = 187 Sales = 147
Average Sale Price is St. John's: $244,195 for the month of August
Mount Pearl Real Estate: Listings = 25 Sales = 26
Average Sale Price: $200,862
Paradise Real Estate: Listings =65 Sales = 33
Average Sale Price: $261,353
East Extern Real Estate: Listings = 36 Sales = 23
Average Sale Price: $250,678
Conception Bay South Real Estate: Listings = 37 Sales = 40
Average Sale Price: $228,363
Remember, we're never to busy for your referrals!
|St. John's August Housing Starts|
|Housing starts decreased during August, according to preliminary data released by CMHC.
August's housing starts totaled 151 throughout the St. John's real
estate area versus 249 starts in August of 2008. An additional 18
starts were recorded in other urban areas across the province, for a
total of 169 provincial starts compared to 316 the previous August. For
the January to August 2009 period, the St. John's area posted 1,026
housing starts versus 1,079 starts during the same period last year,
while provincial starts totaled 1,180 compared to 1,312 a year ago.
"Despite August's decline, the local residential construction sector
has posted solid year to date results," said Chris Janes, senior market
analyst with CMHC in Newfoundland and Labrador. "Employment and
population growth throughout the St. John's area this year continues to
bode well for residential construction activity," added Janes.
|Newfoundland Real Estate Stats for August
|We are about to enter into the fall real estate market and things
are still looking positive for the remainder of the year. Average MLS
housing prices for Newfoundland have been steadily increasing
throughout the year. Thanks to continuing low mortgage rates first time buyers
and those looking to up size to bigger homes can still do so despite
the large increase in Newfoundland housing prices since last year. Two
apartment (2-apt) homes are still in high demand and if priced right
usually sell fairly quickly and for top dollar.
The average price for a home in St. John's edged slightly higher
again for another month, currently at $223,810 for a 12 month period)
compared to the Newfoundland Average Sale Price of $201,799. This is
up from $170,941 from last years prices.
Monthly Newfoundland Real Estate Market Stats
We'd love to answer any Real Estate question you may have. Just email us, we would be glad to be of assistance.
Curious to see the current price of your property in this hot real estate market? We are ready to assess the value of your home
with a Free Market Evaluation. Allow us to show you how to maximize your
Remember to recommend our services to your family and friends.
We're never too busy for your referrals
Fraser & Stephen Winters
709-682-9245 or 709-682-9045
Don't ever take a fence down until you know why it was put up. Robert Frost