As we roll on into the 2nd quarter of 2010 we are starting to see that we are not as bad off as the rest of country is experiencing. Almost sheltered from economic slumps. In one of my last blogs
Bridgewater Nova Scotia on the rise, making its Mark in the world
it does seem that Lunenburg co. might hold its own.
I made reference that "Bridgewater NS, we have always been in a recession as many will say! We haven't seen the huge influx in housing prices like out west and Ontario; we have always seen a steady climb, slow increases with minimal ups and downs."
In the attached market materials compliments of Fiona Steele at HLC, you can see that the positives for 2009 were housing starts are up over 52% from 2008 and the home resale market is up almost 50% (in units not $) over 2008 however the average sale price has dropped 15%. These are pretty good statistics for all the negativity that seems to generate from the public.
Despite overall employment and slight decline in labor force in NS, New construction and MLS sales continue to grow while average sale price seemed to fall.
Attached is some detailed information for Southern Nova Scotia compliments of HLC and
Fiona Steele Mortgage Professional for our area.
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