Halifax Real Estate Market Report 2016

Market Trends

January 3/2017

Halifax Real Estate Market Report 2016.  Areas 1 through 40 which encompass all of HRM.

CONDOS

Number of Active Listings = 367

Average Sale Price = $254,889

% vs 2015 =  - 2.9% decrease

Number of Sales = 502

% vs 2015 = + 4.3% increase

Average Days on Market = 97

Number of Sales Last Month = 26

*Absorption Rate = 33 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 look at the Downtown Halifax Condo Market click here

 

SINGLE FAMILY

Number of Active Listings = 1930

Average Price = $309,997

% vs 2015 = + 4.3% increase

Number of Sales = 3578

% vs 2015 = + 5.2% increase

Average Days on Market = 93

Number of Sales Last Month = 220

*Absorption Rate = 38 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 = 103

Average Price = $450,585

% vs 2015 = + 15% increase

Number of Sales = 119

% vs 2015 = + 18% increase

Average Days on Market = 97

Number of Sales Last Month = 6

*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

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