A 5 Year Look at the Real Estate Market of Cole Harbour & Forest Hills

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. 

A Five Year Look into the real estate market of the Colby area and Forest Hills in Nova Scotia.

This post is looking into MLS areas of 15 & 16 so if you’re currently looking to buy in the area, you’ll have a good reference.

The real estate market performance in the Halifax Regional Municipality (HRM) is broken down into segments as previously described in my post 2013 Market Trends in Halifax Nova Scotia.  Once this series is complete, various segments will be combined into one complete 5 year analysis of the HRM as a whole. This will provide an opportunity to compare performance against neighbourhoods. 

 

The five year average selling prices
are as follows: 

2013 $267,781.99
2012 $267,720.57
2011 $239,318.19
2010 $245,355.32
2009 $234,488.31

A healthy 12% increase over 5 years.

 

 

Cole Harbour and Forest Hills are wonderful family communities 
with various styles, ages and pricing of homes, making it an area that sells relatively consistently.

 

 

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

Keep in mind that the first quarter of 2012 was unusual activity, responding to the November 2011 announcement of the shipbuilding contract awarded to Halifax. 

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.

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