Downtown Halifax Condo Market Report 2018

CENTRAL HALIFAX

Active Listings = 7
Average Price = $334,371
% vs 2017 = -6.2% decrease
Number of Sales = 45
% vs 2017 =  45% increase 
Avg days on Market = 54
Sales Last Month = 2
*Absorption Rate =  15 weeks
Type of Market = Sellers Market 

SOUTH END

Active Listings = 63
Average Price = $393,701
% vs 2017 = +11.% increase
Number of Sales = 131
% vs 2017 = +7.3% increase
Avg days on Market = 81
Sales Last Month = 12
*Absorption Rate = 17 weeks
Type of Market = Sellers Market

NORTH END

Active Listings = 8
Average Price = $221,933
% vs 2017 = +11% increase
Number of Sales = 51
% vs 2017 = +24% increase
Avg days on Market = 53
Sales Last Month = 4
*Absorption Rate =  9 weeks
Type of Market = Sellers Market

WEST END

Active Listings = 2
Average Price = $293,260
% vs 2017 = +12% increase
Number of Sales = 26
% vs 2017 =  36% increase 
Avg days on Market = 117
Sales Last Month = 0
*Absorption Rate =  2 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