| Last updated at 10:09 AM on 14/08/09 |
NS records continued growth in real estate prices  
BURNSIDE
The Burnside News
The Nova Scotia Association of REALTORS® (NSAR) says the average price for MLS® home sales from April to June was $196,915, up 4.7 per cent over the same three months in 2008.
“The moderate year-over-year average price increases that Nova Scotia continues to experience are reassuring for sellers,” says Linda Smardon, president of the Burnside-based NSAR. “We’re in a slight buyers market because there are more properties from which to choose, but sellers who use a realtor to effectively price and market their home are still in a great position to sell for a fair price and within a reasonable timeframe.”
Average Prices from April to June 2009 in Regions Across the Province:
| Region |
Average Price: April - June 2009 |
Compared to April - June 2008 |
| Cape Breton |
$104,276 |
Up 5.5% |
| Halifax-Dartmouth |
$236,079 |
Up 4.7% |
| Highland Region |
$127,265 |
Up 1.5% |
| Northern Region |
$113,866 |
Up 4.5% |
| South Shore |
$141,278 |
Down 1.5% |
| Yarmouth |
$130,460 |
Up 14.7% |
| Annapolis Valley |
$157,031 |
Up 3.3% |
| Provincial |
$196,915 |
Up 4.7% |
A total of 3371 homes sold through the MLS system in Nova Scotia from April to June 2009, down 14 per cent from one year earlier. The dollar value of these home sales totaled $663.8 million during the period, a decline of 10 per cent year-over-year.
“Many potential buyers who delayed purchasing decisions late last year and earlier this year when economic uncertainty peaked are now returning to the housing market,” Smardon says. “We’re still down compared to last year, but the year-over-year decreases are getting smaller.”
New residential listings on the MLS system numbered 8,790 units, down seven per cent from last spring.
In Halifax-Dartmouth, there were 2,078 MLS home sales from April to June, a decrease of 14 per cent from the previous year. The total value of sales was $490.6 million, down 10 per cent year-over-year.
In the area covered by the Annapolis Valley Real Estate Board, there were 454 MLS home sales from April to June. The total value of these home sales amounted to $71.3 million, a seven per cent decline from the dollar volume of one year earlier.
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