A 5 Year Look at the Real Estate Market of Fall River & Waverley, NS

Waverley, Fall River, Oakfield, Nova Scotia 
Single Family Home Prices
  A Five Year Look

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. 

This post is looking into the MLS area of 30 so if you’re currently looking to buy in the area, you’ll have a good reference. 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.

Average Selling price waverley fall river nova scotia

The five year average selling prices are as follows: 

2013  $   358,296.80
2012  $   343,081.71
2011  $   340,896.41
2010  $   342,256.44
2009  $   303,179.60

A healthy 15.4% increase over 5 years.

Average Days on Market

The average days on market indicates a slower turnover from when a property is listed. 

When compared to previous years, you can see this area of the city is pretty stable.

Taking an average 104 days to sell in a buyers market is very good performance.


Sold properties in fall river, waverley nova scotia

This chart shows the most popular time to sell is the 2nd and 3rd quarter 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. 

As with all parts of HRM, the first two quarters 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.

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