Seller's market showing signs of stabilization in 2023
Annapolis Valley, Nova Scotia
2023 RE/MAX Cottage Trends Report
• Waterfront properties in quiet neighbourhoods are highly sought after in the Annapolis Valley cottage market. • Although most buyers are from out-of-province, the Foreign Buyers ban has created significant confusion in this market. Its implementation has also decreased foreign buyer interest and discouraged potential buyers from engaging in the market. •With recreational properties at the centre of many inheritances, working with legal counsel and an experienced, local agent will be key to ensure transactions are seamless, legal squabbles are avoided and the family unit remains cohesive.
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$244,166
2023 (January - March)
average price
$235,822
2022 (January - March)
+3.5%
Year-Over-Year
-33%
9 unit sales
2022 (January-March)
6 unit sales
2023 (January-March)
Sales stats
market outlook
-20%
2023 Sales Estimate
+5%
2023 Price Estimate
Average price
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Seller's Market
