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.
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