RSS

Real estate market update (January 2024)

Newfoundland

  • The number of Sales was down 1.2% in January to 241 compared to 244 in January of 2023.

  • The number of New Listings was up 12.1% in January to 668 compared to 596 in January of 2023.

  • The average Sale Price for January was $300,039 which is up 6.2% from $282,600 in January of 2023.


St. John’s Metro

  • The number of Sales was down 4.0% in January to 144 compared to 150 in January of 2023.

  • The number of New Listings was up 15.4% in January to 367 compared to 318 in January of 2023.

  • The average Sale Price for January was $341,965 which is up 2.2% from $334,507 in January of 2023.


Central NL

  • The number of Sales was down 16.7% in January to 20 compared to 24 in January of 2023.

  • The number of New Listings was down 15.6% in January to 65 compared to 77 in January of 2023.

  • The average Sale Price for January was $238,475 which is up 16.5% from $204,669 in January of 2023.


Western NL

  • The number of Sales was up 45.0% in January to 29 compared to 20 in January of 2023.

  • The number of New Listings was up 32.1% in January to 74 compared to 56 in January of 2023.

  • The average Sale Price for January was $211,790 which is down 5.9% from $225,120 in January of 2023.


Stay tuned for more updates! #RealEstate #Newfoundland #StJohnsMetro #Central #Western #MarketUpdate

(Data from the Newfoundland and Labrador Association of REALTORS® Matrix MLS® system for 2024.)

Read

Four Winter-Weather Safety Tips


From freeze-ups to wildfires, to hurricanes, and everything in between, it’s safe to say the weather is getting a little unpredictable these days. While meteorologists and Magic 8-Balls may not have all the answers, there are some steps your clients can take in order to prepare themselves and their property for various weather events. The following four precautions are a great way to get started. Leverage them for social posts or share them with your sphere in an informative email.

Make an emergency kit.

Fact: unexpected emergencies are stressful. Anything you can do to alleviate some of that stress is a worthy investment, and nothing is more soothing than knowing you have the supplies you need to weather the storm. That’s why building an emergency kit should be at the top of your to-do list.

To begin, choose a bag that’s big enough to carry a variety of objects, but small enough to transport without too much trouble. Double-strapped bookbags with multiple pockets are always a solid option. Next, fill it with the following essentials:


• Refillable water bottle
• Water purification tablets
• Protein bars
• Flashlight
• First aid kit
• Prescription drugs
• Battery-powered or hand-crank radio
• Whistle
• Face masks
• Toilet paper
• Garbage bags
• Multi-tool
• Local maps
• Extra batteries and backup charger


The final step to building your emergency kit is knowing where to store it. Pick a location in your house that’s easy to find and reach even during a power outage. Beneath a bed or inside a linen closet are great options for keeping your kit out of sight, and accessible.

Consider a backup generator.

One of the biggest dangers and inconveniences of inclement weather is a power outage. When your power goes out, so do all the appliances that rely on it, including freezers and refrigerators, HVAC units, electrical cooking equipment, and, of course, lights. That’s when a backup generator could literally be a lifesaver.

However, backup generators are not a one-size-fits-all solution. The first step to choosing a generator is deciding how much power you want to restore to your house. If you want to make sure power-intensive appliances like HVAC units are still operational during an outage, you’re going to need a bigger generator. If you’re just trying to keep the lights on, a smaller option will suffice.

Once you’ve determined your size needs, you’ll need to consider fuel sources for your generator. Modern generators can be powered by everything from natural gas to diesel fuel to solar panels. Choosing which one is right for your home will come down to the availability of resources and how much money you want to spend. Whichever option you choose, it’s important to familiarize yourself with all safety precautions relating to your chosen generator. Your best bet is to consult a certified electrician before making a decision.

Stock your pantry with nonperishables.

If you don’t want to incur the cost of a backup generator, or if the power outage is lasting longer than expected, you’ll need plenty of food around that you can consume at room temperature, and without much preparation.

One great example is peanut butter, which is full of protein and nutrients and typically doesn’t require refrigeration after opening. In a similar vein, nuts and trail mix are other handy solutions you can eat by the handful. If someone in your household has a nut allergy — no worries! Canned tuna or jerkies provide many of the same vital nutrients as peanut butter and are also ready to eat right out of the packaging. Pair them with some crackers (that don’t come from a factory that processes nuts), and it’s almost like eating an hors d’oeuvre. In addition to bottled water, another item you may want to consider keeping around are multivitamins. When food options are limited, it’s hard to make sure you’re getting the right mix of vitamins and minerals during your meals. Having a container of multivitamins will ensure you’re getting a diverse array of nutrients, even if you’re eating peanut butter or beef jerky three times a day.

Don’t forget about the fun.

When a natural disaster strikes, the fun will probably be the furthest thing from your mind, however that panic likely won’t last forever. At some point, you’ll be in need of some form of entertainment to distract you while you wait for normalcy to return. One option with a variety of uses is a simple deck of playing cards. Whether you’re playing Go Fish or carefully constructing a house, cards are a perfectly portable way to pass the time. If you’re able to stay in your home during the weather event, there are plenty of lo-fi board games on the market capable of making power outages a little less stressful. 

Pick a classic like chess or backgammon, or ask an employee at your local game store what they would recommend. And, if you’re looking for something a little more collaborative, jigsaw puzzles can provide hours of fun — depending on the number of pieces. Just remember to keep track of them. The last thing you need to pair with the stress of a weather event is the agony of realizing one of your puzzle pieces is missing!

(Source: Outfront is the editorial arm of Keller Williams Realty, Inc.)

Read
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.