Issue 2.10 - October 2022

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Halifax Real Estate News Compliments of the Andrew Perkins Real Estate Team Issue 2.10 - October 2022   As we enter the last couple of months of 2022, the Halifax Real Estate market continues to chug along.     We just can’t seem to get above 800 homes, condos and duplexes for sale. The inventory has hovered around that number for 4-5 months now. As I suspected, we saw a dramatic drop in sales this month: with the rising interest rates, buyers are deciding to stay on the fence and wait things out. Halifax only had 339 sales last month, compared to 614 in October last year and 487 in September 2022. With the low inventory, prices are not decreasing as much as we thought they might. The average price for October sits at $524,124 compared to $453,155 October 2021.  Sellers it is still a great time to sell your home, there is very little competition right now. While there may not be as many buyers out there viewing your home as in the summer months, the buyers that are out looking are motivated and serious. Buyers there may be some deals to be had, so don’t get discouraged. The good thing is it is unlikely you will be in competing offers for a home.   If you are curious to know what the value of your home is in the current market we would be happy to do a complimentary market analysis for your property. Just click the button below.   Buyers, have you checked out our buyer package? We are always happy to meet, even if you are just starting your journey and are not ready to make any moves just yet. Happy Halloween Andrew and Jordan Free Home Evaluation! Halifax News   Have your say on Nova Scotia’s housing strategy The government has launched an online survey, open as of today, to “help identify gaps in current and projected housing requirements”... Continue Reading >>   Shifting market: Nova Scotia real estate sales slide as prices increase Nova Scotia homeowners and potential buyers continue to adjust to a changing market - one vastly different than the same time last year... Continue Reading>>   Many Canadians are putting off buying a home in current economy: survey With high inflation and rising interest rates, a new survey has found nearly one in five Canadians say... Continue Reading>>   Proposed legislation would let N.S. housing minister override Halifax bylaws Nova Scotia’s housing minister has introduced legislation that would give him the legislative authority to nullify Halifax Regional Municipality bylaws... Continue Reading>>   Sweeping redevelopment plans for Halifax Infirmary on hold as bid deadline passes Premier Tim Houston cannot say when or if the lone bidder will make a proposal... Continue Reading>>   Nova Scotia making provincially-owned properties available for development The provincial government is making 37 properties available for new housing development, but there’s no... Continue Reading>>   Halifax Real Estate Market September 2022   This is the first time in a long time that we see both condos and single family homes selling on average slower than the previous year. While prices continue to rise, the number of sales has been decreasing for some time... Learn more Coming Soon   Stay Tuned for our newest listing hitting the market this week! Current Listings   Recently Sold by the Andrew Perkins Real Estate Team   Current Mortgage Rates Courtesy of Neil Keeping with The Mortgage Group   Call Neil Today to Talk All Things Mortgage! 902-402-3505   Recent Blog Articles     EnerGuide and Halifax Homes: Why You Should Care With rising inflation and climate change, conserving energy is at the forefront of most Halifax residents’ minds. We are fortunate enough in Halifax to experience all four seasons: but with these drastic shifts in temperature, we can use a lot of energy in our homes to maintain comfortable temperatures. Continue Reading >> Homeowner Insurance Explained by Andrew Raymakers To keep our clients and readers informed, we decided to reach out to one of our trusted partners,  Andrew Raymakers with Caldwell Roach Insurance to answer the following question: What is covered in basic home owner's insurance? Continue Reading >> Thinking of moving to Halifax?   One of the hardest parts about moving to a city that you are unfamiliar with is picking which part of the city you will call home. It can feel overwhelming browsing through so many unfamiliar neighbourhoods, schools, clinics and shops. You almost wish that there was a guide to each city, breaking down its most appealing attributes, exploring its unique characteristics, and narrowing down the choices for you. We are positive that you are not the only one looking for guidance. This is why we developed this FREE and comprehensive e-book detailing everything you need to know about relocating to Halifax, Nova Scotia.   I want my FREE e-book! What's my Halifax Home Worth?   The inventory in Halifax is extremely limited. Prices are on the rise for both homes and condos. Your property may be worth more than you think! Interested in a FREE and INSTANT market analysis of your property?   Take me to my FREE market anaylsis! Halifax Homes for Sale   Are you a buyer who wants to find their dream home or condo in Halifax? Browse the most up to date listings!    Search Halifax Homes for Sale Our mailing address is: 308-6080 Young Street Halifax, NS  B3K 5L2 Want to change how you receive these emails? If you wish to unsubscribe, simply reply "Unsubscribe" to this email.