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July Stats for HRM

Have just finished a review of the market stats for Halifax Regional Municipality and the numbers show that the market is rebounding.  When looking at July of 2009 compared to July of 2008 the number of new listings is up about 2.5% and the year to date shows a slight decline of 1.5%.  The sales for the same time period show the monthly comparison to be down about 4.5%, with the year to date ...
Posted by Margaret Bowlen on August 13, 2009
Tags: balanced market halifax region market shift market stats market value pricing is crucial stable market

The Changing Market

We hear it daily on the TV and Radio News, we read it daily in the Papers - the slowdown and the prices falling - I am happy to report that the market in HRM remains stable and the prices are still up over the same time period when compared to 2008.  Yes, it may take a little longer to sell a house, and yes buyers are taking a little more time to make decisions, but that all makes for a more balanced ...
Posted by Margaret Bowlen on June 12, 2009
Tags: economic halifax region market shift Patience stable market

COMMON SELLER MYTHS About Home Pricing

1)  The Amount of Mortgage and Closing Costs: If the owner purchased with little or nothing down or refinanced during a peak market, a market shift can create an upside down situation. The market price probably won't be enough to cover the mortgage payout and closing costs.  2)  The Money Spent on Upgrades: A seller may want to recoup the cost of an upgrade or renovation and although ...
Posted by Margaret Bowlen on December 10, 2008
Tags: appraisal closing costs conditional sale emotional attachment market shift market value paying off debts percentage of return replacement value upgrades
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