The average sales price ($218,200) is up 7.5% from $203,000 and the median sales price ($175,000) is up 3.6% from $169,000 for single family homes in Lunenburg County from August 2010. The average sales price in Queens County ($120,200) fell 10.8% from $134,700 while the median price ($105,000) dropped 8.9% from $115,000 for the same period. Year over year sales rose from 63 to 82 homes in Queens County from August 2010. Sales for Lunenburg County increased by 59 homes (416 to 475), continuing the trend of monthly year-over-year increases in sales. Homes still take about six months to sell and the inventory of homes for sale in Lunenburg County (680) is down from 746 from June of last year. The inventory for Queens County (161) is slightly less than last year (169) and homes take about 7 months to sell.
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 August 2010 through August 2011.