Halifax Real Estate Market Report - 1st Qtr, 2017

Market Trends

April 5, 2017

Halifax Real Estate Market Report - 1st Qtr, 2017.  Areas 1 through 40 which encompass all of HRM.

 

CONDOS

Number of Active Listings = 444

Average Sale Price = $234,059

% vs 2016 =  -6.4% decrease

Number of Sales = 83

% vs 2016 = -2.3% decrease

Average Days on Market = 130

Number of Sales Last Month = 29

*Absorption Rate = 66 weeks

Type of Market = Buyers

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 

For a more detailed report on the downtown Halifax Condo market click here

 

SINGLE FAMILY

Number of Active Listings = 2207

Average Price = $306,535

% vs 2016 = + 2% increase

Number of Sales = 522

% vs 2016 = + 1.8% increase

Average Days on Market = 100

Number of Sales Last Month = 197

*Absorption Rate = 50 weeks

Type of market = Buyers

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

 

MULTI-UNIT( 2 Units - 12 units)

Number of Active Listings = 97

Average Price = $427,964

% vs 2016 =  -7.4% decrease

Number of Sales = 26

% vs 2016 =  -10% decrease

Average Days on Market = 119

Number of Sales Last Month = 12

*Absorption Rate = 35 weeks

Type of Market = Buyers

*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 would like more information on the Halifax Real Estate market, a particular listing or just have general questions please do not hesitate to reach out.  

Cheers,

Andrew Perkins

andrew@andrewperkins.ca

902-488-0012