With Compliments of
Real Estate Agent/ Associate Broker/ CNE®
Red Door Realty
1314 Martello Road
Halifax, Nova Scotia,
It is April 13 as I am writing this note and there are currently 1435 (compared to 1,123 in March) conditional MLS® sales in all categories showing on our Nova Scotia MLS® system.
This is indeed the Spring Market now and we are seeing more listings as expected. The overall market continues to be a continuation of the sellers market, with most sellers still receiving multiple offers and buyers continuing to experience aggressive competition from both local and out of province clients.
It's really interesting to see which parts of the province are experiencing the highest sales. As to be expected, HRM is the highest, yet 55% of the total sales that have firmed up in the last 4 weeks are outside this area. From the 2055 MLS sales, across all categories of real estate, that have firmed up across the province in the last month, here's the break down;
- Annapolis Valley 317 solds
- Cape Breton 143 solds
- Highland Shore (Antigonish - North side of Cape Breton) 95 solds
- Northern Shore (north of Truro up to Amherst, over to New Glasgow) 253 solds
- South Shore 290 solds
- Yarmouth area 42 solds
- Halifax/Dartmouth - HRM 915 solds
Also interesting to note that last month, approx. 51% of the total sales that firmed up the month before were across HRM compared to approximately 45% this past month.
Vacant land also continues to be in high demand!
So where are we going? I believe our sellers market will continue despite the anticipated stress test change in June. In the short term, though it will likely add even more heat to our sellers market, our average prices are still lower than most comparable markets across the country. That and the demand for 'work anywhere from home' properties will likely continue to move our market well into the foreseeable future.
If you are considering selling, this is still definitely the time! If you are looking to buy, please contact me anytime!
Hope you have a great month!