2011 Halifax Real Estate Market Year in Review. The numbers below are based on MLS® statistics for areas 1-40 which encompass all of HRM. If you would like a market report on a specific area of Halifax, Dartmouth, Bedford, Sackville, Hammonds Plains or Fall River please fill out this form
Residential*
2011
Average Sale Price – $275,321
Number of Sales – 5182
% vs 2010(price) - +3%
% vs 2010(sales) - +3.7%
Average Days on Market – 95
Active Listings – 2817
Type of Market – Buyers
Multi-Family**
2011
Average Price – $359,638
Number of Sales – 119
% vs 2010(price) - -2%
% vs 2010(sales) - -12.5%
Average Days on Market – 136
Active Listings – 52
Type of Market – buyers
* Includes single family homes and Condominiums
** Includes multi- family homes 2-12 units
Synopsis
Residential
As in recent years we see a similar trend continue in the Halifax Real Estate Market in that average price has continued to increase at a modest pace of 3%. However for the first time since 2009 we actually see the number of sales increase by 3.7%. This is largely due to increase in home sales in the last quarter of 2011. With the recent announcement of the ship building contract you can look for these numbers to continue in 2012 with a strong possibility of those numbers increasing.
Multi-Family
Investment properties in HRM saw both average price and sales decrease in 2011. This can be attributed to the new mortgage rules for investment properties that was legislated in 2010. The fact that you need to have a down payment of 20% for a non-owner occupied investment property has really changed that market segment.
If you would like more information on the Halifax Real Estate market I can be easily reached by email andrew@halifaxrealestateguy.com of by phone 902-488-0012.
Kind Regards,
Andrew Perkins
Halifax Real Estate Guy
This week on market watch Wednesday I am taking a look at the numbers for the Halifax real estate market for the month of May. Again we see a similar trend, average price continues to increase and number of sales declined.
If you would like more information on the Halifax real estate market you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012
Related Video Blog Posts
-Market Watch Wednesday/Halifax Multi-Family Market Update
-Market Watch Wednesday/Halifax Condo Market Update April 2011
-Market Watch Wednesday/Halifax Real Estate Market Update April 2011
HRM Real Estate Market 2010 Year in Review
On day 6 of the 2010 year in review wrap up week I am taking a look at the numbers for the Fall River Real Estate market. Average price rose significantly and the number of sales decreased over 2009.
If you would like more information on the HRM real estate market you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012
Related Video Blog Posts
-Hammonds Plains Real Estate Market Update 2010
-Sackville Real Estate Market Update 2010
-Halifax Real Estate Market Update 2010
Day 7 HRM Real Estate Market Watch Week
Day 7 of HRM Real Estate Market Watch week I am taking a look at the stats for 2009 in the Fall River Real Estate Market. Prices have increased very little in the last two years and sales have declined.
If you are thinking of buying, selling or would like general information on the Halifax Real Estate Market you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012.
Related Video Blog Posts
- Day 1 Market Watch Week/Peninsula Of Halifax Market Update
- Day 2 Market Watch Week/Dartmouth Real Estate Market Update
- Day 3 Market Watch Week/Bedford/Clayton Park Real Estate Market Update
- Day 4 Market Watch Week/Fairview/Spryfield Real Estate Market Update
- Day 5 Market Watch Week/Hammonds Plains Real Estate Market Update
- Day 6 Market Watch Week/Sackville Real Estate Market Update









