Did you know that one area of Bedford has a micro-climate that is usually a little warmer than the surrounding area, and that it holds that temperature difference throughout the year?
A similar thing happens in the Real Estate market. One of the main questions I'm consistently asked is "How's the market doing?" That question has as many answers as we have communities. And the only way to know for certain is to do a market study of the area that you are in, or want to be in.
In the greater HRM, the average list price of a home in April of 2010 was $273000.00. The average selling price was $248000.00. This gives a list-to-sale ratio of 91%. In average, a home spent 97 days on market. So far in April of 2013 the average list price is $322000.00 with an average selling price of $285000.00. This gives a list-to-sale ratio of 88%. The average days on market is 79.
Since April of 2010 the average price of list-to-sale's has decreased by 1% each year, going from sellers receiving 91% of asking price in 2010, to 88% so far in April of 2013. The average asking list prices have increased approximately 7% from 2010 to 2012, and 3% from 2012 to 2013. The average sold prices have increased by approximately 4.6%.
What do all these numbers mean? That depends on where in the HRM you live. These numbers are from sales statistics from all over the HRM. For a detailed overview of your community, or the community that you want to live in, call me at (902) 292-4938. I can help by providing you with all the information you require to make an informed decision on buying or selling your most valuable asset...your home!