5 Year Look at the Real Estate Market of Sackville & Beaverbank, NS

Sackville & Beaverbank, Nova Scotia 
Single Family Home Prices
  A five year look into real estate performance.
What's My Home Worth?

This is one of several market reports taking a five year look into market performance in the Halifax Regional Municipality (HRM) and will be broken down into segments as previously described in my previous post 2013 Market Trends in Halifax Nova Scotia

Once this series is complete, I'll combine the various segments into one complete 5 year analysis of the HRM as a whole to provide a detailed look into how each part of HRM has performed against each other.

This post is looking into the MLS area of 25 & 26 so if you’re currently looking to buy in the area, you’ll have a good reference.

 

The five year average selling prices are as follows:

2013 $253,846.33 -1.3%
2012 $257,239.27 4.9%
2011 $244,587.09 3.0%
2010 $237,262.50 5.9%
2009 $223,301.22  

 

A healthy 12.5% increase over 5 years. The List/Sale Ratio is 98.2%.  In other words, sellers are selling their homes for 1.8% below asking price.  A very good performance.

 

The average days on market for 2013 indicates a slower turnover from when a property is listed but when compared to previous years, you can see this area of the city is fairly stable.

Taking an average (over 5 years) 93 days to sell is not the greatest but you can have more control if you implement steps to make your home appealing to a wider target market.

This chart shows the most popular time to sell is the 2nd quarter but don't let that fool you. Read the answer to the aged old question, when is the best time of year to sell? I was surprised by the results and I think you will be too. 

As with all parts of HRM, the first quarter of 2012 was affected by a November 2011 announcement of Halifax being awarded the 25 billion dollar shipbuilding contract.

If you would like statistical details the charts are based on, detailed information on how your property compares or effective marketing strategies to help sell faster, call or text me at 902-229-5799 or email me.

Real estate market data for the Halifax Regional Municipality provided by Tina Parker of Century21 Trident Realty in Dartmouth, Nova Scotia. All data are from the MLS system are used for general purposes only and not to be used without written permission.

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