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It Pays To Be Informed
Sample Post 1
This Is A Heading
That radiant heat components may seize up if the system isn’t used for an extended period) Here are the answers to your questions to the best of our ability. I also have attached the full inspection report. There is a warranty with this pre-inspection as well that I can get for you.
1. “When was the roof last replaced/shingled?” The current vendor did not do it, but its come up in good condition on our report. Last time he purchased in 2023 they told us 10 years.
2. “When was the oil tank installed?” Are the owners aware of any issues with it, and what is the expiry date on the “host tag”The oil tank certified until 2046
3. “Has the radiant heat been used at all since the mini-splits were installed? My client is concerned that the radiant heat components
may seize up if the system isn’t used for an extended period) The radiant heat has been used, but probably not in the last year as he never needed it. The furnace is used with the hot water heat.
4. Does St. John’s permit sump pump discharge to be plumbed into the drain/waste pipes? If not, have the owners ever checked to see how much it would cost to have this issue addressed?Sump pump hasn’t caused the vendor any issues so he never bothered to check anything further with that to see.
Newfoundland Real Estate July 2025
Can you re-format, to the form of an approx. 800 – 1000 – word blog post, the following report on real estate activity for Newfoundland and Labrador for the month of September 2025:
Include a brief opening paragraph as well as a brief summary paragraph.
Also, include a brief easy-to-understand explanation of the term “The MLS® Home Price Index (HPI)”
Format for publishing (with headings, metadata, or SEO enhancements), and adapt for a specific audience (e.g., real estate investors, small business owners, legal professionals)
Be clear, concise and use simple words.
Use a friendly and conversational tone of voice.
Newfoundland and Labrador Association of REALTORS® reports fourth consecutive month over month sales increase
The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 609 units in July 2025. This was a decline of 4.8% from July 2024.
Home sales were 7.7% below the five-year average and 7.6% above the 10-year average for the month of July.On a year-to-date basis, home sales totaled 3,099 units over the first seven months of the year. This was up by 9.3% from the same period in 2024.
Residential activity in St. John’s posted a substantial decrease of 11.9% on a year-over-year basis in July, while activity in the rest of the province posted a small reduction of 1.6%.
Single detached home sales in St. John’s posted a substantial decline of 13.8% from levels recorded in July 2024.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $330,500 in July 2025, increasing by 11.3% compared to July 2024.
The benchmark price for single-family homes was $333,200, a gain of 11.4% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $300,900, down modestly by 1.5% compared to a year earlier, while the benchmark apartment price was $259,400, an increase of 9% from year-ago levels.
The overall MLS® HPI composite benchmark price for homes in St. John’s was $394,400 in July 2025, an increase of 12.8% compared to July 2024.
The benchmark price for single-family homes in St. John’s was $412,600, a sizable gain of 13.3% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $295,100, edging down 0.9% compared to a year earlier, while the benchmark apartment price was $259,400, a gain of 9.3% from year-ago levels.
The average price of homes sold in July 2025 was a record $355,689, an increase of 9.5% from July 2024.
The more comprehensive year-to-date average price was $340,952, a moderate gain of 9.6% from the first seven months of 2024.
The dollar value of all home sales in July 2025 was $216.6 million, increasing by 4.2% from the same month in 2024.
The number of new listings was up only 0.8% (eight listings) from July 2024. There were 1,037 new residential listings in July 2025.
New listings were 1.3% above the five-year average and 5.4% below the 10-year average for the month of July.
Active residential listings numbered 2,964 units on the market at the end of July, down sharply by 20.2% from the end of July 2024. Active listings haven’t been this low in the month of July in two decades.
Active listings were 21.2% below the five-year average and 36.5% below the 10-year average for the month of July.
Months of inventory numbered 4.9 at the end of July 2025, down from the 5.8 months recorded at the end of July 2024 and below the long-run average of 8.9 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
| Newfoundland and Labrador Monthly Summary | ||
| July 2025 | Year-over-year % change | |
| Residential Unit Sales | 609 | -4.8 |
| Residential Dollar Volume | $216,614,315 | 4.2 |
| Residential Average Price | $355,689 | 9.5 |
| Total Unit Sales | 665 | -4.3 |
| Total Dollar Volume | $222,400,603 | 0.7 |
Newfoundland Real Estate July 2025
Can you re-format, to the form of a blog post, the following report on real estate activity for Newfoundland and Labrador for the month of July 2025:
Response From Google AI Studio
Newfoundland & Labrador Real Estate: A July 2025 Snapshot
The summer real estate market in Newfoundland and Labrador continues to show interesting trends, with July 2025 marking the fourth consecutive month of increased sales. While overall sales saw a slight dip compared to last year, the market is demonstrating resilience and significant price growth.
Sales Activity: A Mixed Bag
In July 2025, a total of 609 homes were sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS®. This represents a 4.8% decrease from July 2024. Despite this year-over-year dip, sales were still 7.6% above the 10-year average for July, indicating a generally healthy market over the longer term.
Year-to-date figures paint a more optimistic picture, with 3,099 units sold in the first seven months of the year, a 9.3% increase from the same period in 2024.
Regionally, St. John’s experienced a more substantial decrease in residential activity, down 11.9% year-over-year in July, with single detached home sales in the capital city seeing a 13.8% decline. The rest of the province, however, saw a smaller reduction of 1.6%.
Prices Continue to Climb
One of the most notable takeaways from July’s report is the significant rise in home prices. The overall MLS® Home Price Index (HPI) composite benchmark price reached $330,500 in July 2025, an impressive 11.3% increase compared to July 2024.
Drilling down into property types:
- Single-family homes saw their benchmark price hit $333,200, a 11.4% gain year-over-year.
- Townhouse/row units experienced a modest 1.5% decrease, with a benchmark price of $300,900.
- Apartment prices increased by 9% from year-ago levels, reaching a benchmark of $259,400.
In St. John’s, the overall MLS® HPI composite benchmark price was $394,400, a substantial 12.8% increase over July 2024. Single-family homes in St. John’s saw an even more significant gain of 13.3%, with a benchmark price of $412,600.
The average price of homes sold across the province in July 2025 reached a record $355,689, up 9.5% from July 2024. Year-to-date, the average price stands at $340,952, a moderate gain of 9.6%.
The total dollar value of home sales in July 2025 was $216.6 million, an increase of 4.2% from the same month last year.
Inventory Hits a Two-Decade Low
A key factor contributing to the rising prices is the shrinking inventory of homes for sale. New listings in July 2025 were only up by a mere 0.8% (eight listings) from July 2024, totaling 1,037 residential listings.
Even more striking is the number of active residential listings, which stood at 2,964 units at the end of July. This represents a sharp 20.2% decrease from the end of July 2024 and marks the lowest July inventory in two decades. Active listings are also significantly below both the five-year and 10-year averages.
This tight supply is reflected in the “months of inventory” metric, which indicates how long it would take to sell current inventories at the current rate of sales. At the end of July 2025, months of inventory numbered 4.9, down from 5.8 months a year prior and well below the long-run average of 8.9 months for this time of year.
The Newfoundland and Labrador real estate market in July 2025 showcased a dynamic environment of strong price appreciation driven by historically low inventory, even as sales figures saw a slight year-over-year adjustment. These trends suggest a competitive market for buyers and continued gains for sellers.
What is the MLS® HPI composite benchmark price?
Response From Google Al Studio
The MLS® HPI composite benchmark price is a sophisticated measure used in real estate to track price trends more accurately than simple average or median prices.
Here’s a breakdown of what that means:
- MLS® (Multiple Listing Service): This refers to the system used by real estate agents to list and market properties for sale. The data for the HPI comes from these listings and transactions.
- HPI (Home Price Index): An index is a statistical measure of change in a representative group of data points. In this case, the HPI tracks how home prices are changing over time.
- Composite: This means it combines data from various property types (like single-family homes, townhouses, and apartments) to give an overall picture of the market.
- Benchmark Price: This is the estimated price of a “typical” home in a given market. Instead of just taking the average (which can be skewed by a few very expensive or inexpensive sales) or the median (the middle price), the HPI benchmark price uses a more complex methodology. It’s based on the value of a “benchmark” home, which has a specific set of characteristics (e.g., number of bedrooms, bathrooms, age, lot size) that are typical for the area. As these characteristics evolve over time, the HPI adjusts for them, making it a more consistent “apples-to-apples” comparison over time.
In essence, the MLS® HPI composite benchmark price provides a stable, reliable, and more representative measure of real estate price changes because it accounts for variations in the types and features of homes sold. It’s a key indicator for understanding the true appreciation or depreciation of home values in a particular region
MLS® Systems are cooperative selling systems operated by real estate Boards and Associations in Canada. They are accessible to REALTOR® Members of those Boards and Associations who have agreed to represent your interests and share remuneration from the transaction with a cooperating REALTOR® Member. MLS® Systems contain detailed information and numerous search tools, all designed to match people with the properties that fit their exact requirements.
Revised:
*The MLS® HPI composite benchmark price is a sophisticated measure used in real estate to track price trends more accurately than simple average or median prices.
HPI (Home Price Index): An index is a statistical measure of change in a representative group of data points. In this case, the HPI tracks how home prices are changing over time.
It is the most advanced and accurate tool to gauge a neighbourhood’s home price levels and trends.
Average or median prices can change a lot from one month to the next and paint an inaccurate or even unhelpful picture of price values and trends.
The MLS® HPI is based on the value home buyers assign to various housing attributes, which tend to evolve gradually over time. It therefore provides an “apples to apples” comparison of home prices across the entire country.
Each month, the MLS® HPI uses more than 15 years of MLS® System data and sophisticated statistical models to define a “typical” home based on the features of homes that have been bought and sold. These benchmark homes are tracked across Canadian neighbourhoods and different types of houses.
Composite means it combines data from various property types (like single-family homes, townhouses, and apartments) to give an overall picture of the market.
Benchmark Price is the estimated price of a “typical” home in a given market.
Instead of just taking the average (which can be skewed by a few very expensive or inexpensive sales) or the median (the middle price), the HPI benchmark price uses a more complex methodology. It’s based on the value of a “benchmark” home, which has a specific set of characteristics (e.g., number of bedrooms, bathrooms, age, lot size) that are typical for the area. As these characteristics evolve over time, the HPI adjusts for them, making it a more consistent “apples-to-apples” comparison over time.
In essence, the MLS® HPI composite benchmark price provides a stable, reliable, and more representative measure of real estate price changes because it accounts for variations in the types and features of homes sold. It’s a key indicator for understanding the true appreciation or depreciation of home values in a particular region.
Newfoundland Real Estate July 2025
Can you re-format, to the form of an approx. 800 – 1000 – word blog post, the following report on real estate activity for Newfoundland and Labrador for the month of September 2025:
Include a brief opening paragraph as well as a brief summary paragraph.
Also, include a brief easy-to-understand explanation of the term “The MLS® Home Price Index (HPI)”
Format for publishing (with headings, metadata, or SEO enhancements), and adapt for a specific audience (e.g., real estate investors, small business owners, legal professionals)
Be clear, concise and use simple words.
Use a friendly and conversational tone of voice.
Newfoundland and Labrador Association of REALTORS® reports fourth consecutive month over month sales increase
The number of homes sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS® totaled 609 units in July 2025. This was a decline of 4.8% from July 2024.
Home sales were 7.7% below the five-year average and 7.6% above the 10-year average for the month of July.On a year-to-date basis, home sales totaled 3,099 units over the first seven months of the year. This was up by 9.3% from the same period in 2024.
Residential activity in St. John’s posted a substantial decrease of 11.9% on a year-over-year basis in July, while activity in the rest of the province posted a small reduction of 1.6%.
Single detached home sales in St. John’s posted a substantial decline of 13.8% from levels recorded in July 2024.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $330,500 in July 2025, increasing by 11.3% compared to July 2024.
The benchmark price for single-family homes was $333,200, a gain of 11.4% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $300,900, down modestly by 1.5% compared to a year earlier, while the benchmark apartment price was $259,400, an increase of 9% from year-ago levels.
The overall MLS® HPI composite benchmark price for homes in St. John’s was $394,400 in July 2025, an increase of 12.8% compared to July 2024.
The benchmark price for single-family homes in St. John’s was $412,600, a sizable gain of 13.3% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $295,100, edging down 0.9% compared to a year earlier, while the benchmark apartment price was $259,400, a gain of 9.3% from year-ago levels.
The average price of homes sold in July 2025 was a record $355,689, an increase of 9.5% from July 2024.
The more comprehensive year-to-date average price was $340,952, a moderate gain of 9.6% from the first seven months of 2024.
The dollar value of all home sales in July 2025 was $216.6 million, increasing by 4.2% from the same month in 2024.
The number of new listings was up only 0.8% (eight listings) from July 2024. There were 1,037 new residential listings in July 2025.
New listings were 1.3% above the five-year average and 5.4% below the 10-year average for the month of July.
Active residential listings numbered 2,964 units on the market at the end of July, down sharply by 20.2% from the end of July 2024. Active listings haven’t been this low in the month of July in two decades.
Active listings were 21.2% below the five-year average and 36.5% below the 10-year average for the month of July.
Months of inventory numbered 4.9 at the end of July 2025, down from the 5.8 months recorded at the end of July 2024 and below the long-run average of 8.9 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
| Newfoundland and Labrador Monthly Summary | ||
| July 2025 | Year-over-year % change | |
| Residential Unit Sales | 609 | -4.8 |
| Residential Dollar Volume | $216,614,315 | 4.2 |
| Residential Average Price | $355,689 | 9.5 |
| Total Unit Sales | 665 | -4.3 |
| Total Dollar Volume | $222,400,603 | 0.7 |
Newfoundland Real Estate July 2025
Can you re-format, to the form of a blog post, the following report on real estate activity for Newfoundland and Labrador for the month of July 2025:
Response From Google AI Studio
Newfoundland & Labrador Real Estate: A July 2025 Snapshot
The summer real estate market in Newfoundland and Labrador continues to show interesting trends, with July 2025 marking the fourth consecutive month of increased sales. While overall sales saw a slight dip compared to last year, the market is demonstrating resilience and significant price growth.
Sales Activity: A Mixed Bag
In July 2025, a total of 609 homes were sold through the MLS® System of the Newfoundland and Labrador Association of REALTORS®. This represents a 4.8% decrease from July 2024. Despite this year-over-year dip, sales were still 7.6% above the 10-year average for July, indicating a generally healthy market over the longer term.
Year-to-date figures paint a more optimistic picture, with 3,099 units sold in the first seven months of the year, a 9.3% increase from the same period in 2024.
Regionally, St. John’s experienced a more substantial decrease in residential activity, down 11.9% year-over-year in July, with single detached home sales in the capital city seeing a 13.8% decline. The rest of the province, however, saw a smaller reduction of 1.6%.
Prices Continue to Climb
One of the most notable takeaways from July’s report is the significant rise in home prices. The overall MLS® Home Price Index (HPI) composite benchmark price reached $330,500 in July 2025, an impressive 11.3% increase compared to July 2024.
Drilling down into property types:
- Single-family homes saw their benchmark price hit $333,200, a 11.4% gain year-over-year.
- Townhouse/row units experienced a modest 1.5% decrease, with a benchmark price of $300,900.
- Apartment prices increased by 9% from year-ago levels, reaching a benchmark of $259,400.
In St. John’s, the overall MLS® HPI composite benchmark price was $394,400, a substantial 12.8% increase over July 2024. Single-family homes in St. John’s saw an even more significant gain of 13.3%, with a benchmark price of $412,600.
The average price of homes sold across the province in July 2025 reached a record $355,689, up 9.5% from July 2024. Year-to-date, the average price stands at $340,952, a moderate gain of 9.6%.
The total dollar value of home sales in July 2025 was $216.6 million, an increase of 4.2% from the same month last year.
Inventory Hits a Two-Decade Low
A key factor contributing to the rising prices is the shrinking inventory of homes for sale. New listings in July 2025 were only up by a mere 0.8% (eight listings) from July 2024, totaling 1,037 residential listings.
Even more striking is the number of active residential listings, which stood at 2,964 units at the end of July. This represents a sharp 20.2% decrease from the end of July 2024 and marks the lowest July inventory in two decades. Active listings are also significantly below both the five-year and 10-year averages.
This tight supply is reflected in the “months of inventory” metric, which indicates how long it would take to sell current inventories at the current rate of sales. At the end of July 2025, months of inventory numbered 4.9, down from 5.8 months a year prior and well below the long-run average of 8.9 months for this time of year.
The Newfoundland and Labrador real estate market in July 2025 showcased a dynamic environment of strong price appreciation driven by historically low inventory, even as sales figures saw a slight year-over-year adjustment. These trends suggest a competitive market for buyers and continued gains for sellers.
What is the MLS® HPI composite benchmark price?
Response From Google Al Studio
The MLS® HPI composite benchmark price is a sophisticated measure used in real estate to track price trends more accurately than simple average or median prices.
Here’s a breakdown of what that means:
- MLS® (Multiple Listing Service): This refers to the system used by real estate agents to list and market properties for sale. The data for the HPI comes from these listings and transactions.
- HPI (Home Price Index): An index is a statistical measure of change in a representative group of data points. In this case, the HPI tracks how home prices are changing over time.
- Composite: This means it combines data from various property types (like single-family homes, townhouses, and apartments) to give an overall picture of the market.
- Benchmark Price: This is the estimated price of a “typical” home in a given market. Instead of just taking the average (which can be skewed by a few very expensive or inexpensive sales) or the median (the middle price), the HPI benchmark price uses a more complex methodology. It’s based on the value of a “benchmark” home, which has a specific set of characteristics (e.g., number of bedrooms, bathrooms, age, lot size) that are typical for the area. As these characteristics evolve over time, the HPI adjusts for them, making it a more consistent “apples-to-apples” comparison over time.
In essence, the MLS® HPI composite benchmark price provides a stable, reliable, and more representative measure of real estate price changes because it accounts for variations in the types and features of homes sold. It’s a key indicator for understanding the true appreciation or depreciation of home values in a particular region
MLS® Systems are cooperative selling systems operated by real estate Boards and Associations in Canada. They are accessible to REALTOR® Members of those Boards and Associations who have agreed to represent your interests and share remuneration from the transaction with a cooperating REALTOR® Member. MLS® Systems contain detailed information and numerous search tools, all designed to match people with the properties that fit their exact requirements.
Revised:
*The MLS® HPI composite benchmark price is a sophisticated measure used in real estate to track price trends more accurately than simple average or median prices.
HPI (Home Price Index): An index is a statistical measure of change in a representative group of data points. In this case, the HPI tracks how home prices are changing over time.
It is the most advanced and accurate tool to gauge a neighbourhood’s home price levels and trends.
Average or median prices can change a lot from one month to the next and paint an inaccurate or even unhelpful picture of price values and trends.
The MLS® HPI is based on the value home buyers assign to various housing attributes, which tend to evolve gradually over time. It therefore provides an “apples to apples” comparison of home prices across the entire country.
Each month, the MLS® HPI uses more than 15 years of MLS® System data and sophisticated statistical models to define a “typical” home based on the features of homes that have been bought and sold. These benchmark homes are tracked across Canadian neighbourhoods and different types of houses.
Composite means it combines data from various property types (like single-family homes, townhouses, and apartments) to give an overall picture of the market.
Benchmark Price is the estimated price of a “typical” home in a given market.
Instead of just taking the average (which can be skewed by a few very expensive or inexpensive sales) or the median (the middle price), the HPI benchmark price uses a more complex methodology. It’s based on the value of a “benchmark” home, which has a specific set of characteristics (e.g., number of bedrooms, bathrooms, age, lot size) that are typical for the area. As these characteristics evolve over time, the HPI adjusts for them, making it a more consistent “apples-to-apples” comparison over time.
In essence, the MLS® HPI composite benchmark price provides a stable, reliable, and more representative measure of real estate price changes because it accounts for variations in the types and features of homes sold. It’s a key indicator for understanding the true appreciation or depreciation of home values in a particular region.
