Nfld. & Labrador

Home prices in St. John's dip slightly, Royal LePage survey shows

A newly released house price survey shows a decrease in the cost of homes in St. John's.
According to the survey, the price of bungalows has dipped the most by 1.5 per cent. (Submitted by Ferne Williams)

A newly released house price survey shows a decrease in the cost of homes in St. John's.

The Royal LePage House Price Survey released Wednesday said the median price of a two-storey home has slightly dipped by 0.8 per cent to $385,123.

The cost of a bungalow has dropped by 1.5 per cent to $310,704.

As for the condo market, the median price has remained relatively flat, the survey said, gaining 0.8 per cent to $299,718.

Nationally, the price of a home has jumped 6.5 per cent year-over-year  in the fourth quarter to $500,688.

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