How is the Bedford/Hammonds Plain Market Performing?

Halifax Real EstateBlog Market Report for Bedford/Hammonds Plains September 3/08

Bedford/Hammonds Plains Real Estate market update from January 08 – August 08 for single family detached and semi-detached homes including new construction.

Halifax Real Estate Market Report Bedford/Hammonds Plains
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
AUG-2008	322370	314209	97%	90 days	44
JUL-2008	322922	308098	95%	95 days	66
JUN-2008	312144	306155	98%	75 days	61
MAY-2008	315939	309603	98%	89 days	83
APR-2008	302496	296705	98%	71 days	60
MAR-2008	338927	332660	98%	75 days	50
FEB-2008	296739	291437	98%	79 days	41
JAN-2008	326205	322563	99%	133 days	19
Averages:	316560	309069	98 %	85 days	424

Bedford/Hammonds Plains Real Estate market update from January 07 – August 07 for single family detached and semi-detached homes including new construction

Halifax Real Estate Market Report Bedford/Hammonds Plains
Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
AUG-2007	314689	313130	100%	95 days	52
JUL-2007	307341	299188	97%	86 days	66
JUN-2007	314668	307070	98%	71 days	80
MAY-2007	305477	299818	98%	77 days	93
APR-2007	282022	275505	98%	77 days	60
MAR-2007	277908	271050	98%	88 days	57
FEB-2007	284672	280183	98%	121 days	43
JAN-2007	299144	290575	97%	119 days	32
Averages:	299807	293591	98 %	87 days	483

Total Active Listings – 478

Hammonds PLains/ Bedford market has seen a dramatic decrease of 13.9% in the number of sales year over year.  As with the rest of the Halifax Real Estate Market the average price continues to rise.  This area has seen a 5.3% increase in price year over year.

If you are thinking of buying in the Hammonds Plains area this may be the time as there is a large amount of inventory on the market right now.  The average days on market are down slightly but we are seeing a lot of price reductions in certain areas of Hammonds Plains.  In my opinion the prices have been pushed up too fast and there needs to be a correction and thats what I see happening right now.  The Bedford area as always been strong and will continue to be in the future.  If you would like to have a market update done for your area you can contact me at 488-0012.

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Andrew Perkins

Your Halifax Real Estate Expert

Tagged as: Bedford Real Estate, Halifax Real Estate, relocating to Halifax