December is upon us, and although winter is not officially here yet, we had a nice taste of it the past few days.
Typically
a slower real estate month, with Christmas on the horizon, this
December the St. John's real estate market is booming.
2-apartment homes are in high demand once again and the market is
certainly looking prosperous for 2008. Current mortgage rates are
still at comfortable levels.
The average price for a home in St.
John's for November was $167,955 with a 2007 average of $168,528 up
from $156,022. (Average price for all areas in the
Newfoundland and Labrador Real Estate Board is $148,150 year to date)
Fraser and Stephen Winters - Remax
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