Downtown Halifax Condo Market Report, 3rd Qtr, 2018

CENTRAL HALIFAX

Active Listings = 12
Average Price = $365,827
% vs 2017 = +17% increase
Number of Sales = 18
% vs 2017 =  +63% increase 
Avg days on Market = 61
Sales Last Month = 6
*Absorption Rate =  10 weeks
Type of Market = Sellers Market 

SOUTH END

Active Listings = 71
Average Price = $344,490
% vs 2017 = -11% decrease
Number of Sales = 43
% vs 2017 = -10% decrease
Avg days on Market = 79
Sales Last Month = 12
*Absorption Rate = 26 weeks
Type of Market = Buyers Market

NORTH END

Active Listings = 11
Average Price = $201,476
% vs 2017 = +5% increase
Number of Sales = 19
% vs 2017 = +22% increase
Avg days on Market = 50
Sales Last Month = 5
*Absorption Rate =  10 weeks
Type of Market = Sellers Market

WEST END

Active Listings = 2
Average Price = $242,066
% vs 2017 = -4.2% decrease
Number of Sales = 6
% vs 2017 =  no change 
Avg days on Market = 100
Sales Last Month = 1
*Absorption Rate =  9 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 andrew@andrewperkins.ca or call/text 902-488-0012

Kind Regards,

Andrew