Enfield, Nova Scotia is located about halfway between Halifax and Truro along the East Hants 102 hwy corridor. Enfield is the closest community to The Halifax Airport and is home to many airport employees.
Enfield is also a bedroom community to Halifax the capitol city of Nova Scotia with many people commuting to work from Enfield each day.
The real estate market in Enfield is very active and housing prices have increased every year for the past 10 years in most cases doubling in value providing a great return to home owners and fuelling a strong move up market and substantial new construction in the area. Several local developers have been continually bringing serviced and unserviced lots to the market to meet that demand. Increased compliance to local government requirements have driven serviced lots from the $20,000 range 10 years ago to the $60,000 to $70,000 range now. With new housing costs ranging from a low of $130 per square foot to as high as $200 per square foot most newer homes are now in the $200,000 plus range with more and more sales being recorded over $300,000. You can still find a reasonable resale home in the $175,000 to $200,000 range but the old days of buying a decent home for $100,000 is becoming a thing of the past unless you move out past the commuting distance from Halifax.
The Enfield Nova Scotia real estate market once an area where you could buy a small farm and enjoy a rural lifestyle is also almost a thing of the past. Very few larger acreages come available and now most larger parcels are being subdivided and sold as building lots to meet an ever increasing demand. With newer schools, a sportsplex, low crime rate and a great quality of life Enfield is gaining more and more appeal as an alternative to living in the city. Some of the larger developers from Halifax have made substantial investments and banked a large number of acres in Enfield and the nearby communities with proposed plans in the works for future developments.
The recent recession's limited impact on the local real estate market in Enfield is strong evidence that Enfield and the surrounding areas will remain a great place to invest in real estate in the coming years.
Larry Matthews Dec 28th 2009
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Larry Matthews has sold real estate in the Enfield area for 35 years and has received a certificate of recognition from the local municipality for his company for providing 25 years of quality service and the Nova Scotia legislature passed a resolution recognizing his company for his success in the real estate industry. His company website is http://www.easthants.com/realestate and he has a website providing free information about home buying at http://www.yourfirsthome.ws |
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