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The
real estate market in many parts of the province saw increased
sales activity over this time last year, with the South Shore
and Halifax-Dartmouth regions experiencing the largest
increases in sales.
The
Nova Scotia Association of REALTORS® reported that the number
of residential units sold across the Province through the
Multiple Listing Service® System (MLS®) from November to
January was up 27.5% compared to the same three months last
year.
NSAR
President Linda Smardon says it’s no surprise that numbers are
up. “This time
last year we were experiencing large decreases so we fully
expect our numbers to be up provincially. With listings down and
sales up, the real estate market is more
balanced.”
Average
price in the province was up 8.5%, with larger increases in
the Highland and Northern Regions.
Residential
sales and listings from November 2009 to January 2010 in
regions across the Province:
|
|
SALES |
LISTINGS |
|
Region |
Nov
2009 - Jan 2010
|
Nov
2008 - Jan
2009 |
%
Change |
Nov
2009 - Jan 2010
|
Nov
2008 - Jan
2009 |
%
Change |
|
Cape
Breton |
103 |
122 |
-15.6% |
297 |
300 |
-1.0% |
|
Halifax-Dartmouth |
998 |
720 |
38.6% |
2140 |
2394 |
-10.6% |
|
Highland
Region |
42 |
40 |
5.0% |
173 |
179 |
-3.4% |
|
Northern
Region |
202 |
181 |
11.6% |
512 |
484 |
5.8% |
|
South
Shore |
155 |
108 |
43.5% |
508 |
499 |
1.8% |
|
Yarmouth |
21 |
26 |
-19.2% |
110 |
75 |
46.7% |
|
Annapolis
Valley |
188 |
143 |
31.5% |
522 |
622 |
-16.1% |
|
Provincial |
1709 |
1340 |
27.5% |
4262 |
4553 |
-6.4% |
Average
prices from November 2009 to January 2010 in regions across
the Province:
|
Region |
Average Price: Nov 2009 – Jan
2010 |
Compared to Nov 2008 – Jan
2009 |
|
Cape
Breton |
$108,795 |
8.20% |
|
Halifax-Dartmouth |
$237,571 |
1.90% |
|
Highland
Region |
$139,252 |
22.60% |
|
Northern
Region |
$118,916 |
19.40% |
|
South
Shore |
$149,902 |
2.20% |
|
Yarmouth |
$111,924 |
-6.00% |
|
Annapolis
Valley |
$146,429 |
17% |
|
Provincial |
$193,847 |
8.5% |
The Nova Scotia Association of REALTORS® represents over
1,600 brokers, salespeople and affiliate (e.g. solicitors,
appraisers, banks) members throughout the province. NSAR
serves its members through a wide variety of educational
programs, publications and special services. The association,
through an agreement with the Nova Scotia Real Estate
Commission, provides all real estate licensing courses in the
province. REALTOR® is a trademark, which identifies real
estate professionals who are members of The Canadian Real
Estate Association and, as such, subscribe to a high standard
of professional service and to a strict code of ethics.
For additional information, please contact:
Christy Wentzell
Communications
Officer
Nova Scotia Association of REALTORS®
Telephone:
902-468-2515 or 1-800-344-2001
Fax: 902-468-2533 or
1-877-220-2533
E-mail: cwentzell@nsar.ns.ca
www.nsar-mls.ca
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