Market Report - October 2009

October was a little quieter than September with fewer turnovers and not a lot of new stock coming onto the market. We have been fortunate to list three large duplex style apartments in Little Cove which are hard to secure. It will be interesting to see how they go.

Keeping in trend with most of the country, property in the luxury end of the market has been the most difficult to sell.

We have not yet seen an enormous amount of turnover in this sector, but are hopeful we will see activity increase into Christmas.

Properties up to $1.6 million are moving well in the residential markets.

There continues to be great buying in the area of holiday apartments, on the water and on the beachfront. I don't expect these opportunities to last long.

If you would like any further information, please feel free to contact me on 5447 3855.

Dan Neylan

Director