Halifax Real Estate Guy » Fall River

2011 Halifax Real Estate Market Year in Review

Andrew Perkins — Sun, 08 Jan 2012 17:54:15 +0000

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

Halifax Real Estate Market Update May 2011

Andrew Perkins — Thu, 02 Jun 2011 11:36:48 +0000

Market Watch Wednesday

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

Fall River Real Estate Market Update 2010

Andrew Perkins — Wed, 12 Jan 2011 23:11:11 +0000

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

-Dartmouth Real Estate Market Update 2010

-Bedford Real Estate Market Update 2010

Fall River Real Estate Market Update

Andrew — Tue, 19 Jan 2010 21:55:59 +0000

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

Halifax Real Estate Guy’s Monday Market Watch

Andrew — Tue, 01 Sep 2009 00:00:42 +0000

My weekly look at the state of the Halifax Real Estate Market

This week I am discussing the Fall River Real Estate Market. Sales in that area are up 13% over last year and price is up a modest 1.3%. If you would like to know the stats for your area or, you are considering buying or selling real estate in Halifax and surrounding areas you can call 902-488-0012 or email andrew@halifaxrealestateguy.com

Related Video Blog Posts

- Monday Market Watch/Sackville Real Estate Market Update

- Monday Market Watch/Dartmouth Real Estate Market Update

- Monday Market Watch/Bedford Real Estate Market Update

Halifax Real Estate Guy’s Monday Market Watch

Andrew — Mon, 18 May 2009 20:31:41 +0000

My Weekly look at the state of the Halifax Real Estate Market.

This week I am taking a look at the Fall River Real Estate Market. If you would like to know the stats for your area you can contact me by email me andrew@halifaxrealestateguy.com or call 902-488-0012

Related Video Blog Posts

- Monday Market Watch – Sackville Real Estate Market

- Monday Market Watch – Dartmouth Real Estate Market

- Monday Market Watch – Bedford Real Estate Market

Fall River Real Estate Market Update

Andrew — Wed, 05 Nov 2008 16:31:26 +0000

How is the Fall River Real Estate market doing in the last 3 months?

Fall River Real Estate Market update for August, September, October 2008 for single family detached and semi-detached homes

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
Halifax Real Estate Blog Fall River Market Update
OCT-2008	364392	380067	104%	94 days	12
SEP-2008	294159	284697	97%	76 days	17
AUG-2008	345033	338189	98%	110 days	9
Averages:	328387	327483	100 %	90 days	38

Fall River Real Estate Market update for August, September, October 2007 for single family detached and semi-detached homes

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
Halifax Real Estate Blog Fall River Market Update
OCT-2007	378485	361808	96%	63 days	13
SEP-2007	335392	324842	97%	99 days	24
AUG-2007	328565	324080	99%	99 days	20
Averages:	342825	333005	97 %	91 days	57

Number of Active Listings – 131

The Fall River Real Estate market has slowed down in the past 3 months. This has been a normal trend in a lot of areas of HRM. Number of sales are down 33 percent over last year, a huge decrease. The average price is also down slightly by 1.7%. Right now we are seeing a buyers market although there doesn’t seem to be a lot of buyers out there. Inventory is up and sales are down. This has to do with a number of factors. The slowing economy and the steady rise in housing prices.

In the coming months I see the trend remaining the same with not a lot of transactions in the Halifax Real Estate Market. This will continue into next year and hopefully we will start to see a turn around next summer. Surprisingly price continues to rise in most areas of Halifax.

Next week we will have a look at the Sackville Real Estate market. If you are looking to buy or sell Real Estate in Halifax send me an email. I will respond promptly.

- Dartmouth Real Estate Market Update

- Bedford/Hammonds Plains Real Estate Update

Andrew Perkins

Your Halifax Real Estate Expert

Halifax Real Estate Blog Market Update

Andrew — Wed, 23 Jul 2008 04:19:00 +0000

Halifax Real Estate MLS® Market Report July 23/2008

1st Half(January to July) 2008 stats for single family detached, semi-detached, and townhouse including new construction for areas 1 through 40 which encompasses all of HRM.

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
Halifax Real Estate Blog Market Update 2008
JUL-2008	264787	258183	98%	80 days	316
JUN-2008	258705	252530	98%	76 days	562
MAY-2008	268838	263096	98%	75 days	613
APR-2008	250189	244374	98%	75 days	558
MAR-2008	252573	247693	98%	83 days	381
FEB-2008	244055	238662	98%	94 days	345
JAN-2008	248036	241041	97%	109 days	255
Averages:	256484	250601	98 %	82 days	3030

1st Half(January to July) 2007 stats for single family detached, semi-detached, and townhouse including new construction for areas 1 through 40 which encompasses all of HRM.

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
Halifax Real Estate Blog Market Update 2007
JUL-2007	247258	242797	98%	83 days	331
JUN-2007	246140	239302	97%	72 days	587
MAY-2007	245833	240716	98%	75 days	653
APR-2007	237912	232958	98%	73 days	538
MAR-2007	233692	228264	98%	75 days	464
FEB-2007	227927	222499	98%	104 days	357
JAN-2007	211957	205833	97%	94 days	293
Averages:	237902	232395	98 %	80 days	3223

Number of Active listings – 2489

Based on these numbers you can see that the market slowing down a little. There has been a 193 fewer homes sold compared to the same time last year, however the average price has increased by 9.4%. Average days on Market remained basically the same year over year.

What do the numbers mean? Well if you are a seller it is a good time to sell as the price increase we have seen in the last few years are still on the rise but most economists are saying the percentage of increase is going to slow in the coming years. If you are buyer it is a good time to buy as the prices are not going to go down anytime soon especially here in Halifax. This market would be considered balanced.

Looking at other areas in Canada like Calgary, Edmonton and Regina we saw huge price increases over the last 3-4 years but it is starting to catch up with their respective markets. Here in Halifax we have been getting a healthy 5-6% increases year over year. We can look forward to another 4-5% increase this year.

I hope this post gave you some insight into local Market conditions. Over the next coming weeks I will be breaking the numbers down by area for Halifax, Dartmouth, Bedford, Hammonds Plains and Sackville as well as updating stats on the local Condo market. Until next time if you are looking to buy or sell Halifax Real Estate contact me.

Andrew Perkins

Your Halifax Real Estate Expert