Canadians from coast to coast are expecting a road to recovery this year in the real estate market. For the province of Nova Scotia in particular, 2009 set the way for this recovery with promising figures heading into 2010.
From July to September 2009, home sales via MLS averaged house prices at $192,826, which is 4.7% higher over 2008’s same three months. From this averaged figure, a total of 3,068 homes were sold through MLS over these three months in 2009.
Here are the average prices from July, August, and September 2009, with a 2008 percentage comparison, broken down by regions across Nova Scotia:
| Region | Prices in July – September 2009 | Compared to July – September 2008 |
| Cape Berton | $114,480 | Up 4.2% |
| Halifax-Dartmouth | $233,343 | Up 2.4% |
| Highland Region | $154.161 | Up 31.4% |
| Northern Region | $120,610 | Up 6.5% |
| South Shore | $171.754 | Up 3.9% |
| Yarmouth | $109,125 | Down 18.5% |
| Annapolis Valley | $143,886 | Up 5.6% |
| Provincial | $192,826 | Up 4.7% |
This is no doubt a positive indication of growing strength within Nova Scotia’s real estate market as we, the world, work on putting the “Global Financial Crisis of 2008” behind us in 2010. As a result, buyers and sellers are becoming much more confidant and that’s great news as we begin this new decade in both Nova Scotia and Canada as a whole.
| Refrences: |
| 1. http://www.nshomeguide.ca/nsrealestatemarket |
