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 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.
The five year average selling prices are as follows:
A healthy 15.4% increase over 5 years.
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.
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.