In the town of Conception Bay South (CBS), real estate is booming. In fact, CBS is one of the fastest growing towns in the province. With an ever-increasing population of roughly 22,000 people, this scenic town saw an abundance of residential development in 2010-2011 and with even more expansion proposed for 2012.  It appears this Kraft Hockeyville is on the fast track to city status.

Thinking of listing?  Home prices in CBS are at an all-time high.

This may be the time for you! If you look to the table below, we have calculated the average selling price of single family and 2-apartment homes for the Conception Bay South area.

You’ll notice that each year has seen increases. Between 2009 and 2010 there was an increase of 12.7%.  This large increase may be attributed to the fact that in 2010 we were in a seller’s market. Between 2010 and 2011 there was a smaller increase at 7.5%. This is reflective of the fact that by 2011 we had moved to buyer’s market.  The market continues to shift. Currently we are close to a balanced market and fully anticipate the market will continue in that direction.

                                                                                                                                                                                                 

CBS Real Estate Top Performer in the St. John’s Region

If you compare the numbers from CBS to that of the other areas in the region, CBS real estate shines.

Topping the other areas anywhere from .6% - 1.9% increase in the average selling price of a home, CBS real estate is a is a preferred and competitive option for homeowners.

CBS Real Estate – So Much to Offer

CBS delivers a “small town charm” without being a long drive away from the city, and it is this feature that many residents love most. With quick access to supermarkets, rec centres, schools, and a variety of other necessities, people rarely have to travel far to meet their day to day needs. Pair this with a reputation as the sunniest town in Newfoundland that borders a gorgeous bay and it is no surprise that CBS homes are in such high demand.

Make your move!

As can be seen from the above statistics, the prices of homes in Conception Bay South are on the rise. Now is the time to make your move and get a piece of the pie while you can! It’s only a matter of time before everyone catches on to the beauty that awaits 20 minutes outside of the city.

 At The Hann Group, our professionals would love to help you buy or sell your home in Conception Bay South. We’re always happy to answer any of your real estate questions. Please feel free to contact us .