The average sales price ($208,600) is up 4.6% from $199,500 and the median sales price ($174,000) is up 5.2% from $165,000 for single family homes in Lunenburg County from April 2010. The average sales price in Queens County ($118,000) fell 14.4% from $135,000 while the median price ($109,000) dropped 5.2% from $115,000 for the same period. Year over year sales fell from 77 to 66 homes in Queens County from April 2010. Sales for Lunenburg County decreased by 5 homes (432 to 427), the the first time in 15 months the market has experienced a drop in raw sales. Homes still take about six months to sell and the inventory of homes for sale in Lunenburg County (643) is down from 669 from April of last year. The inventory for Queens County (161) is slightly more than last year (151).
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 April 2010 through April 2011.