Downtown Halifax Condo Market Report, 1st half 2019

CENTRAL HALIFAX

Active Listings = 5
Average Sold Price = $315,268
% vs 2018 = +11% increase
Number of Sales = 22
% vs 2018 =  +37% increase 
Avg days on Market = 35
Sales Last Month = 12
*Absorption Rate =  2 weeks
Type of Market = Sellers Market 

SOUTH END

Active Listings = 73
Average Sold Price = $378,285
% vs 2018 = -6% decrease
Number of Sales = 82
% vs 2018 = +57% increase
Avg days on Market = 90
Sales Last Month = 19
*Absorption Rate = 17 weeks
Type of Market = Sellers Market

NORTH END

Active Listings = 5
Average Sold Price = $240,904
% vs 2018 = +14% increase
Number of Sales = 20
% vs 2018 = +5% increase
Avg days on Market = 43
Sales Last Month = 4
*Absorption Rate =  6 weeks
Type of Market = Sellers Market

WEST END

Active Listings = 1
Average Sold Price = $308,950
% vs 2018 = +1% increase
Number of Sales = 10
% vs 2018 =  -9% decrease 
Avg days on Market = 64
Sales Last Month = 1
*Absorption Rate =  4 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