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
