2014 Five Year Market Summary for Forest Hills (MLS Area 15) in Halifax Regional Municipality, Nova Scotia.
Average Days on Market has history of being less than the HRM average and inconsistent year over year.
My 5 year average DOM is 44 and is much shorter than the 5 year average of 69 in Forest Hills 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 average in the Forest Hills area.
The number of listings that actually sold in Forest Hills has been slightly higher than the HRM average in recent years with exception of 2014.
The city market is down everywhere with some areas being lower. 2015 is predicted to be a better performing marketplace.
Forest Hills 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 17 only 3.5%. an increase non-the-less, in a down market is not bad at all. 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 for you at no cost to you.