Market Trends & Analysis

February 2010 South Shore Sales

Jerry Conrad — Thu, 11 Mar 2010 11:34:00 GMT

The average ($201,216) and median ($162,000) sales prices of single family homes in Lunenburg County are up slightly from January 2009. Queens County sales saw a moderate gain in average sales price ($134,902) and in median price ($114,000) for the same period. Raw sales experienced a significant drop in Queens County relative to January 2009, down from 109 to 72 sales. However sales for Lunenburg County increased by 5 sales, perhpas an encouraging sign that the market is beginning to improve in Lunenburg County. Homes still take about six months to sell and the inventory of homes for sale for all of the South Shore is nearly the same as last February.

But even in the difficult overall economic environment South Shore homeowners in general are retaining the value in their homes. At the same time buyers have a good inventory from which to choose at attractive mortgage rates.

For a more detailed analysis and to review the current market data behind this summary, click here to download our market reports. Click here to preview properties available on the South Shore.

The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period February 2009 through February 2010.

January 2010 South Shore Sales

Jerry Conrad — Tue, 09 Feb 2010 19:42:00 GMT

The average ($198,371) and median ($165,000) sales prices of single family homes in Lunenburg County are up slightly from January 2009. Queens County sales saw a moderate gain in average sales price ($129,445) and a slight fall in median prices ($106,000) for the same period. Raw sales experienced a significant drop in Queens County relative to January 2009. However the drop in sales for Lunenburg County was only slight, perhpas a sign that the market is beginning to improve in Lunenburg County. Homes still take about six months to sell and the inventory of homes for sale for all of the South Shore is nearly the same as last January.

For a more detailed analysis and to review the current market data behind this summary, click here to download our market reports. Click here to preview properties available on the South Shore.

The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period January 2009 through January 2010.

December 2009 South Shore Sales

Jerry Conrad — Wed, 06 Jan 2010 20:05:00 GMT

The average ($197,169) and median ($163,000) sales prices of single family homes in Lunenburg County are down just slightly from December 2008. Queens County sales saw a moderate gain in average ($131,753) and median ($113,500) prices for the same period. Raw sales experienced a significant drop for both Lunenburg and Queens counties relative to December 2008. Homes still take about six months to sell and the inventory of homes for sale for all of the South Shore is nearly the same as last December.

For a more detailed analysis and to review the current market data behind this summary, click here to download our market reports. Click here to preview properties available on the South Shore.

The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period December 2008 through December 2009.

November South Shore Sales

Jerry Conrad — Thu, 10 Dec 2009 19:51:00 GMT

The average and median sales prices of single family homes in Lunenburg County for November are nearly the same as for November 2008. Queens County sales saw an increase in average and median prices for the same periods. However raw sales are down, homes still take about six months to sell and inventory of homes for sale for all of the South Shore is nearly the same as last November. Although inventory remains relatively unchanged from last year, the available inventory of homes is higher due to the drop in sales.

For a more detailed analysis and to review the current market data behind this summary, click here to download our market reports. Click here to preview properties available on the South Shore.

The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period December 2008 through December 2009.

October South Shore Sales Down, Sales Prices Up

Jerry Conrad — Sat, 05 Dec 2009 20:26:00 GMT

The average and median sales prices of single family homes in Lunenburg and Queens counties on the South Shore are up in October 2009 compared to October 2008. However raw sales are down, homes are taking a little longer to sell and inventory for all of the South Shore is the same as last October. Although inventory remains relatively unchanged from last year, the available inventory of homes is higher due to the drop in sales.

For a more detailed analysis and to review the current market data behind this summary, click here to download our market reports. Click here to preview properties available on the South Shore.

The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period October 2008 through October 2009.

Going FSBO?

Jerry Conrad — Sat, 05 Dec 2009 18:22:00 GMT

Sell the house. Pay yourself.

But first you have to sell the house. And that takes market exposure. In the real estate market that means maximum Internet exposure.

From January 2009 through October 2009 PropertyGuys.com had approximately 671,000 unique visitors to their website. Good numbers. During that same period Realtor.ca, Canada's public facing MLS site for all Realtor listings, had 2,115,000 unique visitors. Better numbers. Triple the numbers. These statistics are courtesy of comScore Media Metrix, an independent Internet monitoring and reporting company.

Mariner Real Estate cannot give you 2,115,000 unique visitors. But we are the Number 1 rated Point2 Agent website in Nova Scotia. We can post your property for sale on at least 19 local Realtor agent websites, 3 national real esate listing portal websites and 14 real estate consumer search sites. That's 36 websites. That's Internet exposure. That's global reach.

We can also provide your property with its own webpage URL or an individual website. In the coming weeks and months the number of websites to which we can post your listing will only continue to grow.

Check us out.

September Sales Down, Sales Prices Up

Jerry Conrad — Sun, 04 Oct 2009 19:45:00 GMT

Sales for single family homes in Lunenburg and Queens counties were down from July and August 2009 and also from September of 2008 and September 2007. It also took longer to sell a home. However realtive to these same periods of time, the average sales price showed slight to moderate increases.

To review the current market data behind this summary, click here to download our free market reports. Click here to preview properties available on the South Shore.

The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period July through September 2009 and September 2007 and September 2008.

South Shore Sales Down, Sales Prices Up

Jerry Conrad — Wed, 30 Sep 2009 19:53:00 GMT

The average and median sales prices of single family homes in Lunenburg and Queens counties on the South Shore are up in 2009 compared to 2008. This may surprise many in the real estate market since raw sales are down, homes are taking longer to sell and fewer sellers are listing their properties. Although fewer new listings are coming on the market relative to a year ago, the available inventory of homes is higher due to the drop in sales.

For a more detailed analysis and to review the current market data behind this summary, click here to download our market reports. Click here to preview properties available on the South Shore.

The above information is based in whole or in part on MLS® Data owned by the Nova Scotia Association of REALTORS® covering the period September 2007 through August 2009.

Nova Scotia MLS® Sales Down for 2009, Average Sales Prices Up

Jerry Conrad — Wed, 30 Sep 2009 19:48:00 GMT

MLS® sales of existing homes in Nova Scotia are expected to be 9,275 units, a decrease of 14.7% from the 2008 sales of 10,874. However sales are expected to rise in 2010 to 9,500 units, an increase of 2.4%.

Average Nova Scotia MLS® sales prices for 2009 are forecast to be $194,900, up 2.4% from the $189,902 average of 2008. Another 2.4% increase in average sales price to $199,250 is expected in 2010.

For market trends and analysis for Lunenburg and Queens County click here.

Source: CMHC, Housing Market Outlook, Atlantic Region Highlights, Third Quarter 2009

MLS® Sales to Hold Steady in 2010, Average Sales Prices Going Up

Jerry Conrad — Wed, 30 Sep 2009 19:26:00 GMT

MLS® sales of existing homes in Nova Scotia are expected to increase slightly in 2010 to 9,500 units, up from the projected 9,275 units for 2009. The average sales price for 2010 is forecast to be $199,250, up 2.4% from $194,500 projected for 2009.

Existing home sales nationwide through the MLS® for 2010 are forecast to be 419,400 units, slightly less than the 420,700 sales expected for 2009. These sales levels are similar to the sales of 2002 and also represent a significant drop from the high water mark of approximately 525,000 units in 2007.

Across Canada the average sales price for 2010 is forecast to be $306,300, up 1.6% from $301,400 projected for 2009.

For market trends and analysis for Lunenburg and Queens County click here.

Source: CMHC, Housing Market Outlook, Atlantic Region Highlights, Third Quarter 2009

Source: CMHC, Housing Market Outlook, Canada Highlights, Third Quarter 2009

Thinking of Going FSBO?

Jerry Conrad — Wed, 30 Sep 2009 18:56:00 GMT

Sell the house. Pay yourself.

But first you have to sell the house. And that takes market exposure. In our world that means maximum Internet exposure.

From January 2009 through July 2009 PropertyGuys.com had approximately 442,000 unique visitors to their website. Good numbers. During that same period Realtor.ca, Canada's public facing MLS site for all Realtor listings, had 1,473,000 unique visitors. Better numbers. Triple the numbers. These statistics are courtesy of comScore Media Metrix, an independent Internet monitoring and reporting company.

Mariner Real Estate cannot give you 1,473,000 unique visitors. But we can post your property for sale on at least 19 local Realtor agent websites, 3 national real esate listing portal websites and 16 real estate consumer search sites. We can also provide your property with its own individual website. In the coming weeks and months the number of websites to which we can post your listing will only continue to grow.

Check us out.