October 2009 - the kiddies are back in school, extra-curricular activities have started up, and Thanksgiving, Halloween and Christmas are just around the corner. I know that in my own household, things have started to tick at a normal speed with Taekwon-Do 3x/week, swimming 1x/week, regular homework coming in from HPCS.
Believe it or not, the real estate FALL market is also in full swing!! Typical for a FALL market, the number of listings are lower and the number of buyers looking is lower than the peek of the SPRING market. However, I prefer the fall market! The sellers are more serious and the buyers actually want to buy something!
You likely have noticed a lot more signs around your neighbourhood lately – and, you probably have seen a lot more ‘SOLD’ signs as well. This is the time of year that the home down the street that seemed as though it had been on the market forever finally sells. The buyers are out and hoping to move before the winter. Plus, mortgage rates are still amazing and they continue to motivate the buyers to buy now rather than in the uncertain winter and 2010 spring markets (who knows what the rqates will be then).
Here are some NSAR/CREA statistics for September to show you how healthy the market in HRM actually is!!
TOTAL # of Listings 2009 - 1793; 2008 - 1783; 2007 - 1609 (2009 is Up 1% from 2008)
TOTAL # of Closed Sales 2009 - 897; 2008 - 1014; 2007 - 999
Just released September 30, 2009 by Online Wall Street Journal.... "Canada's overall economy might be sputtering, but its existing housing market is firing on all cylinders and moving forward at a measured pace."
So buyers - looking for free information about buying a home - contact me!
Sellers - Comparative market analysis and staging info free - contact me!
Paulette Upshall
Twitter @Century21NS; @HalifaxRealtor1; @pupshallc21ns
902-877-8851
Century 21 Admiral Cove Realty, Bedford/Halifax, Nova Scotia
