St Margarets Bay, NS

It's the first week of december and it's dipping below freezing tonight for one of a handful of days this year.

It's been really nice out generally for all of November as well save for maybe one snowfall.

Too bad that the buyers have been sitting this season out! There are deals out there just waiting to be had and will get bought

up soon.

I took a stroll down to the wharf with the dog the other day . I took my camera and took few shots - Notice how green

it looks for the first week of December.

One lone lobster fisherman - hauling his traps and setting more . On a beautilul 10C morning in early december on

St Margarets Bay. They get $3.50 a pound for the catch. Down to almost half of the normal pay. Nobody is buying!

But their problem is more a global one - Due to people worldwide cutting back on luxuries. Halifax it seems is going to fare

much better. We have not lost one job here so far. With 4 Universities and hospitals and ample Government and IT jobs .

Our recent slowdown should be short lived.

Lobster for Christmas diner? Don't rule anything out..

Paul has sold real estate in Halifax for 15 years. And hopes .... many more.

www.homesearchnovascotia.com

I went for a quick spin in the boat with my son yesterday. I wanted to test my new camera - A Canon 40D.

Here are a few shots I took as we rounded the end of Mason's Point looking in various directions.

This is looking across at sheeps head Island - An upscale oceanfront subdivision. One house fetched $825,000 Canadian last fall.

This is a shot looking at Alongside at Mason's Point . - Very popular!

And this of a house currently on the market at $989,000 on the end of Mason's Point.

And to finish it off - A photo of Shining Waters Marine. It has become a destination for visiting yachts and includes a great restaurant over looking the water. I recommend a water tour from Shining Waters. - Or for the more adventurous -Rent a sea kayak and see the area up close!

Just 25 minutes to Halifax -- The St. Margarets Bay communities remain highly attractive now and should Double in value over the next 10 years.

WWW.homesearchnovacscotia.com

Masons Point , Indian Point - Places that had spotty sales in recent years. Well -things have turned around!

Masons Point for one has enjoyed 4 sales in the past months and the craigview shore and peggy's cove rd. have

seen the same in May!

The bench mark for the average 10 yr old home seems to sit at +- $580,000 -$595,000 . There are very little left on the market now, and it seems the average vendor is still apprehensive about selling. The sales are below their feel for what their home should be worth.

I can't see oceanfront homes increasing in value before mid-2009 . And if your willing too wait and do the improvements--- 7- 10 years should reap you around a cool Million.

But if your thinking of selling anytime soon you will still get a fair value.

PS - Check out my website at -- homesearchnovascotia.com

It is currently under construction.

If your a seller on the ocean than this is the year to jump in and join the crowd! 2 major sales in the last week! And one midrange . These properties sat for 2 years at Prices $50,000 - $100,000 more and finally they are reasonably priced. The influx from Alberta seems to be making a difference !

Land should move this season as well because new construction is all the rage. Bungalows are very popular with the people coming in. Open spaces with lots of windows seem to be a hit.

St. Margaret's Bay and it's closeness to Halifax will make any purchase pay dividends. I have ideas that things will basically double in the next 10 Years!

My new web site is at homesearchnovascotia.com

Why not check it out!

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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