Oceanfront trends 2008 - St. Margaret's Bay and South Shore Nova Scotia

Well! As I see it ,after sitting on the sidelines for this particularly horrible winter. Taking the time to access all the MLS data. The homes that sat most of last year and the year before are finally settling out at prices In the mid to high five hundred thousand range. And I can say they all will sell this season -with out a doubt.

I sifted through my buyers this week and re-visited them all. They will all buy this season and that will create a need for new blood! So to speak. New homes to put for sale ,and in a tested market! For once! You will be able to create a CMA for a property and have some sense of security in knowing what it will indeed sell for. Based on the comparables.

It will be a year of reflection for those properties that are truly overpriced and need to come in line or else face another year of painful rejection.

Land should do well this year ,for new construction is the one bright light were it will fetch more dollars than regular homes. -Especially if the finishes are done with Quality in mind!

Allen Heights , Mason's Point , Sheeps head Island, Indian Point and Mariner's Anchorage will do well with their proximity to the city but the older ,outdated homes will still lag!

I look forward to good weather and Spring-like conditions and dealing with all my clients this season!

All the best!

Paul can be reached at 902-499-2950

Why not check out my new website at homesearchnovascotia.com

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