A Brief Look into a 2014 Five Year Market Summary - Colby Area in Nova Scotia
Average Days on Market has usually been on lower than the HRM average but surpassed it last year.
My 5 year average DOM is 44 and is much shorter than the 5 year average of 76 in the Colby area because I have an effective formula for success. Be sure to ask for details.
As a buyer, you have a great chance of negotiating a good deal if a property has been on the market longer than the average in the Colby area.
The number of listings that actually sold has been slightly lower than the HRM average the past two years when the area has sold more than the average in prior years.
The city market is down everywhere with some areas being far lower. 2015 is predicted to be a better performing marketplace.
This Colby area is consistently valued below average as compared to the rest of HRM. Home ownership is more attainable making it appealing to more people in the marketplace and will increase your chance of selling faster than other neighbourhoods.
Property values increased in HRM an average 7% since 2010 and Area 16 much higher at 11%!
As a buyer, this area is a great place to start and raise a family.
If you’d like a more custom in-depth property evaluation, please do not hesitate to contact me. I’d be happy to do it at no cost to you.