We are fast approaching the busiest market place for real estate in HRM. Despite talk from the nay sayers and others, the Halifax Real Estate market is still alive and well.
Starting in January 2012, the dynamism of listings and sales has never ceased or abated. Coupled with an excess of inventory and low interest rates, combined with a tick of demand as result of the ship building announcement and discovery of oil off our beautiful coastline, the housing market is both hearty and strong.
Though there was a small dip in the summer, as expected due to vacations and the exceptional weather we’ve been having, the Fall market is springing up even before a seasonal change. On MLS the number of homes listed daily is now equal to those with conditional offers. What’s more, even more inventory continues to flood the system in an attempt to grab more market share.
Though sales are up across the municipality, the highest demand rests on peninsular Halifax. I have had the pleasure of working with clients, after my recent breakthrough in this market, who have each sold their properties for 98% of asking price within two days on the market. This kind of demand is, heretofore, unprecedented.
My advice is, if you’re looking at selling your property and relocating, do so now. With the markets overseas continuing to be volatile and unstable, now is not the time to be greedy and wait. Take advantage of current market conditions and move now. You may make an additional 4% in a year, but that’s only if the market continues. Lessons learned, while situations that are benevolent last, more often than not they have a habit of tanking out.
Fortune Favours the bold.
You know, buying a mobile home, commonly known as a “trailer” has received a lot of bad rap. People will routinely judge the owners of these units as either poor, or within the confines of the working class who don’t have enough money to buy a “real” house. I have to say this couldn’t be farther from the truth. Mobile Homes offer a real chance for individuals with mediocre income to enjoy the benefits of ownership or property and building up equity.
While a mobile home doesn’t accrue in value at the same degree as a condo or single family home, it still allows the owner to enjoy more privacy than in an apartment complex. It also prevents the owner from fettering money away to a landlord who they don’t even know and establishes long term financial stability. A great deal of mobile home owners use ownership of a unit as a step towards purchasing real property. In fact, to many, this is an important step in building towards your financial future.
It is then with great pleasure that I will be listing a mobile home Tuesday evening - owned by a well-to-do client who is both kind, foresighted and smart. He is choosing Modern Approach Real Estate - with EXIT Realty Professionals - because he sees the inherent benefits of working with a Realtor and a team of people who have their fingers on the pulse of the future.