DOWNTOWN HALIFAX CONDO MARKET REPORT, 3rd Qtr, 2017

SOUTH END

Active Listings = 78
Average Price = $388,604
% vs 2016 = +9% increase
Number of Sales = 48
% vs 2016 = +23% increase
Avg days on Market = 111
Sales Last Month = 12
*Absorption Rate = 28 weeks
Type of Market = Buyers Market

CENTRAL HALIFAX

Active Listings = 11
Average Price = $312,636
% vs 2016 = +15% increase
Number of Sales = 11
% vs 2016 =  -31% decrease
Avg days on Market = 26
Sales Last Month = 3
*Absorption Rate =  16 weeks
Type of Market = Sellers Market 

WEST END

Active Listings = 5
Average Price = $252,916
% vs 2016 = -2.7%
Number of Sales = 6
% vs 2016 = -25% decrease
Avg days on Market = 65
Sales Last Month = 0
*Absorption Rate = N/A
Type of Market = Buyers Market

NORTH END

Active Listings = 19
Average Price = $192,241
% vs 2016 = -6.5% decrease
Number of Sales = 9
% vs 2016 = -43% decrease
Avg days on Market = 118
Sales Last Month = 3
*Absorption Rate =  27 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, we would love to help. Feel free to contact us by email info@halifaxcondoteam.ca    

Kind Regards,

Andrew & Phil