DOWNTOWN HALIFAX CONDO MARKET REPORT, 1ST HALF, 2017

SOUTH END

Active Listings - 99
Average Price = $326,204
% vs 2016 = -4.3%
Number of Sales = 49
% vs 2016 = -2%
Avg days on Market = 100
Sales Last Month = 14
*Absorption Rate =  30 weeks
Type of Market = Buyers Market

CENTRAL HALIFAX

Active Listings = 13
Average Price = $370,321
% vs 2016 = +41%
Number of Sales = 14
% vs 2016 =  -26%
Avg days on Market = 90
Sales Last Month = 7
*Absorption Rate =  8 weeks
Type of Market = Sellers Market


NORTH END

Active Listings = 17
Average Price = $190,737
% vs 2016 = -4.4%
Number of Sales = 19
% vs 2016 = +35%
Avg days on Market = 83
Sales Last Month = 6
*Absorption Rate =  12 weeks
Type of Market = Sellers Market

WEST END

Active Listings = 4
Average Price = $274,771
% vs 2016 = -2.7%
Number of Sales =7
% vs 2016 = -22%
Avg days on Market = 59
Sales Last Month = 2
*Absorption Rate = 10 weeks
Type of Market = Sellers Market


*Absorption Rate is the number of weeks it would take to sell out the current inventory at the previous months pace of sales. Balanced market = 24 weeks | Buyers = > 24weeks | sellers = < 24 weeks

If you are thinking of buying, selling or investing in a condo in Downtown Halifax, I would love to help. Feel free to contact me by phone/text 902-488-0012 or email andrew@andrewperkins.ca.    

Kind Regards,

Andrew Perkins
902-488-0012

DOWNTOWN HALIFAX CONDO MARKET REPORT, 1ST QUARTER, 2017

SOUTH END

Active Listings - 102
Average Price = $332,275
% vs 2016 = +11%
Number of Sales = 16
% vs 2016 = +11%
Avg days on Market = 96
Sales Last Month = 5
*Absorption Rate =  88 weeks
Type of Market = Buyers Market

CENTRAL HALIFAX

Active Listings = 16
Average Price = $273,845
% vs 2016 = -25%
Number of Sales = 3
% vs 2016 =  +18%
Avg days on Market = 83
Sales Last Month = 3
*Absorption Rate =  23 weeks
Type of Market = Balanced Market


NORTH END

Active Listings = 17
Average Price = $179,476
% vs 2016 = -3.4%
Number of Sales = 8
% vs 2016 = +100%
Avg days on Market = 117
Sales Last Month = 3
*Absorption Rate =  24 weeks
Type of Market = Balanced Market

WEST END

Active Listings = 13
Average Price = $191,200
% vs 2016 = +3%
Number of Sales =2
% vs 2016 = -15%
Avg days on Market = 40
Sales Last Month = 0
*Absorption Rate = 50 weeks
Type of Market = Buyers market


*Absorption Rate is the number of weeks it would take to sell out the current inventory at the previous months pace of sales. Balanced market = 24 weeks | Buyers = > 24weeks | sellers = < 24 weeks

If you are thinking of buying, selling or investing in a condo in Downtown Halifax, I would love to help. Feel free to contact me by phone/text 902-488-0012 or email andrew@andrewperkins.ca.    

Kind Regards,

Andrew Perkins
902-488-0012

DOWNTOWN HALIFAX CONDO MARKET REPORT 2016

 

CENTRAL

 Active Listings = 11
Average Price = $273,845
% vs 2015 = -9%
Number of Sales = 44
% vs 2015 =  +57%
Avg days on Market = 83
Sales Last Month = 4
*Absorption Rate =  12 weeks
Type of Market = Sellers Market

SOUTH END

Active Listings - 86
Average Price = $349,390
% vs 2015 = -1%
Number of Sales = 108
% vs 2015 = +3%
Avg days on Market = 94
Sales Last Month = 5
*Absorption Rate =  74 weeks
Type of Market = Buyers Market


NORTH END

Active Listings = 10
Average Price = $207,595
% vs 2015 = no change
Number of Sales = 37
% vs 2015 = no change
Avg days on Market = 82
Sales Last Month = 2
*Absorption Rate =  22 weeks
Type of Market = Buyers  Market

WEST END

Active Listings = 15
Average Price = $285,472
% vs 2015 = +3%
Number of Sales =18
% vs 2015 = +38%
Avg days on Market = 122
Sales Last Month = 0
*Absorption Rate = 24 weeks
Type of Market = Balanced Market


If you are thinking of buying, selling or investing in a condo in Downtown Halifax, I would love to help. Feel free to contact me by phone/text 902-488-0012 or email andrew@andrewperkins.ca.    

Kind Regards,

Andrew Perkins
902-488-0012