Downtown Halifax Condo Market Report 1st Qtr 2019

CENTRAL HALIFAX

Active Listings = 12
Average Price = $347,725
% vs 2018 = +26% decrease
Number of Sales = 4
% vs 2018 =  -42% decrease 
Avg days on Market = 53
Sales Last Month = 2
*Absorption Rate =  26 weeks
Type of Market = Buyers Market 

SOUTH END

Active Listings = 73
Average Price = $309,304
% vs 2018 = -65% decrease
Number of Sales = 24
% vs 2018 = +50% increase
Avg days on Market = 80
Sales Last Month = 6
*Absorption Rate = 52 weeks
Type of Market = Buyers Market

NORTH END

Active Listings = 11
Average Price = $291,555
% vs 2018 = +57% increase
Number of Sales = 9
% vs 2018 = +80% increase
Avg days on Market = 63
Sales Last Month = 3
*Absorption Rate =  16 weeks
Type of Market = Sellers Market

WEST END

Active Listings = 0
Average Price = $277,166
% vs 2018 = -4.4% decrease
Number of Sales = 3
% vs 2018 =  50% increase 
Avg days on Market = 120
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