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Real estate market update (March 2024)

Newfoundland

  • The number of Sales was down 11.9% in March compared to March 2023, and is down 4.4% year to date, January through March.

  • The number of New Listings was up 0.9% in March compared to March 2023, and is up 10.0% year to date, January through March.

  • The average Sale Price this year, January through March, is up 8.2% to $298,597 compared to an average sale price of $275,909 in the first quarter of 2023.


St. John’s Metro

  • The number of Sales was down 5.5% in March compared to March 2023, and is down 0.4% year to date, January through March.

  • The number of New Listings was down 0.3% in March compared to March 2023, and is up 14.9% year to date, January through March.

  • The average Sale Price this year, January through March, is up 6.8% to $350,417 compared to an average sale price of $328,249 in the first quarter of 2023.


Central NL

  • The number of Sales was down 20.0% in March compared to March 2023, and is down 10.9% year to date in 2024 compared to 2023.

  • The number of New Listings was up 4.3% in March 2024 compared to March 2023, and is up 2.3% year to date in 2024 compared to 2023.

  • The average Sale Price this year, January through March, is up 4.9% to $236,868 compared to an average sale price of $225,899 in the first 3 months of 2023.


Western NL

  • The number of Sales was up 5.7% in March compared to March 2023, and is up 13.4% year to date, January through March.

  • The number of New Listings was up 4.9% in March 2024 compared to March 2023, and is up 6.5% year to date in 2024 compared to 2023.

  • The average Sale Price this year, January through March, is down 1.8% to $205,296 compared to an average sale price of $209,156 in the first 3 months 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.)

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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.)

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