Mervyn Edinger
7 Mellor Avenue, The Wright Place Dartmouth, NS, B3B 0E8 phone: ( 902 ) 497-1217 mobile: ( 902 ) 497-1217 fax: ( 902 )435-0035 Email Mervyn

Our Market Place - What you need to know!

 

Great agents sell homes FAST!

 

According to NSAR ( Nova Scotia Association of Realtors® ) statistics, it takes an industry average of 91 days to sell a residential home in HRM (about 3 months) in 2012.

 

Re/Max Nova’s sales performance record as a company for the last year (based on 1098 sales from Sept 2011 to Sept 2012) has been 77 Days. That's almost 2 weeks faster than the industry average. But our top 3 top agents posted even more impressive stats than that(actually, they always seem to post significantly better performances than the averages). This year was no exception. The average market time of the top 10 listers at RE/MAX nova this year combined for an average Days-On-Market of 58 days (235 properties). Wow, impressive! It's not a coincidence that your company's top producers are among it's fiercest competitors. Better than 77 Days-On-Market? YES! There's always a lot to celebrate at RE/MAX Nova and our Days-on-Market averages are definitely one of those things worth celebrating. It takes a lot of time, energy, and effort to consistantly maintain and improve on your market times Merv Edinger's average day-on-the-market over the last 12 months ( Sept 2011-Sept 2012 ) is 48.4 Days! That is 53% FASTER than his competition. In the first third of 2013, Merv Edinger & Associates has been averaging just 18 DAYS on the market to get their sellers an accepted offer!

 

There are 2 key stats that top listing agents use regularly to differentiate themselves from everyone else in the industry. The first is market share. These agents list and sell more houses than most agents, and they leverage this fact to regularly beat out the competition in a listing presentation. The second less known stat that works to top agent's advantage is their ability to move their inventory relatively quickly.

 

Only by measuring and paying attention to performance can one improve on performance. And only by improving on performance can one out compete the competition, and this is absolutely essential to growing any business, including ours.

 

 


 

Nationwide Building Permits. Feb 2013 Feb 2012 Feb 2011
Residential $3,582,691,000 $3,953,284,000 $2,979,492,000
Commercial $2,371,468,000 $2,571,781,000 $2,822,234,000
Total $5,954,159,000 $6,525,065,000 $5,801,726,000
Source: Stats Canada - preliminary figures

 


 

Current Bank of Canada Rate & Prime Rates Apr 2013 Apr 2012 Apr 2011
Bank Rate 1.25% 1.25% 1.25%
Prime Rate 3.00% 3.00% 3.00%
Source: Bank of Canada

 


 

Average House Prices by Province Feb 2013 Feb 2012 Feb 2011
National $368,895 $372,763 $365,192
Yukon $327,725 $342,872 $299,393
Northwest Territories $301,980 $386,700 $381,492
British Columbia $529,922 $576,916 $587,576
Alberta $378,685 $359,721 $352,076
Saskatchewan $280,915 $263,489 $251,302
Manitoba $259,397 $243,192 $222,071
Ontario $392,962 $390,901 $359,592
Quebec $271,912 $264,733 $251,902
New Brunswick $156,119 $156,507 $151,063
Prince Edward Island $157,361 $155,137 $134,135
Nova Scotia $211,772 $222,620 $207,051
Newfoundland $295,588 $258,965 $240,403
Source: CREA - Most Recent Month Reported

 


 

Average House Prices by City Feb 2013 Feb 2012 Feb 2011
Yellowknife $301,980 $386,700 $381,492
Vancouver $760,976 $806,094 $791,604
Victoria $463,265 $464,570 $490,970
Edmonton $334,347 $329,820 $311,674
Calgary $438,755 $405,687 $400,879
Saskatoon $313,781 $297,628 $287,202
Regina $310,551 $285,374 $272,609
Toronto $510,580 $502,508 $454,470
Hamilton-Burlington $375,381 $356,980 $331,741
Ottawa-Carleton $348,386 $349,797 $337,797
Quebec City $267,826 $253,915 $244,326
Montreal $325,261 $320,243 $300,471
Fredericton $166,687 $161,785 $152,696
Saint John $171,191 $180,104 $175,371
Halifax-Dartmouth $259,606 $265,230 $261,638
Winnipeg $270,463 $250,753 $228,180
Source: CREA - Most Recent Month Reported