Thursday, November 7, 2013

South Shore Real Estate Market In Slump

There's no mistaking all those "For-Sale" signs on the front lawns of many South Shore properties. There is an abundance of listed properties and nothing seems to be selling. According to the President of the Nova Scotia Association of Realtors, Gary Mailman of Bridgewater, the closure of Bowater and job losses are contributing factors.



Mailman tells us its a buyers' market right now.



Mailman says South Shore real estate prices are also down about five percent from last year. He believes though the market will pick up again if the Yarmouth ferry service is restored, the economy improves and more jobs are created.