Halifax Real Estate Guy » Fall River

Fall River Real Estate Market Update

Halifax Real Estate Guy — Thu, 24 Jun 2010 12:25:50 +0000

This week on Market Watch Wednesday I am taking a look at the year to date stats for the Fall River Real Estate Market. With 202 Active listings on the market right now it is a strong buyers market.
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

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.

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

Halifax Real Estate Guy’s Top 5 Tips for Sellers

Andrew — Wed, 20 May 2009 23:42:27 +0000

Halifax Real Estate guys top 5 tips for sellers.

When selling your home their are a number of tips that will make for a successful sale. In this video blog I discuss my top 5 tips for sellers of real estate in Halifax, Dartmouth and surrounding areas. If you are thinking of selling your home and would like more information you can call me 902-488-0012 or email andrew@halifaxrealestateguy.com.

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 email me andrew@halifaxrealestateguy.com or call 902-488-0012

Halifax Real Estate Guy’s Monday Market Watch

Andrew — Mon, 04 May 2009 18:37:54 +0000

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

This week I am taking a look at the Halifax Real Estate market based on the first quarter MLS stats released by CMHC(Canadian Mortgage and Housing Corporation) late last week. If you would like to know more information about your specific area you can call me 902-488-0012 or email andrew@halifaxrealestateguy.com.

Releated Video Posts

- Monday Market Watch – Absorption Rates

- Monday Market Watch – Bedford Real Estate Market Update

- Monday Market Watch – Dartmouth Real Estate Market Update

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Halifax Real Estate Market 2008 Year in Review

Andrew — Mon, 05 Jan 2009 18:07:27 +0000

By The Numbers for the Halifax Real Estate Market in 2009

It’s the beginning of the New Year and my first day back at it, so to speak. I am sure everyone is wondering what happened with the Real Estate market in HRM in 2008. I am going to break it down by the numbers and compare it to the last 3 years to give you a better perspective of what happened in 2008 and what the future could possibly hold for 2009.

Halifax Real Estate Market update for areas 1-40 which encompasses all of HRM for single family detatched, semi detached, condos, townhouses, mobile homes and new construction for 2008

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
Halifax Real Estate Market Report 2008
DEC-2008	271018	259079	96%	125 days	167
NOV-2008	257290	248442	97%	106 days	229
OCT-2008	248009	241477	97%	92 days	347
SEP-2008	258152	250061	97%	86 days	428
AUG-2008	244441	238281	97%	79 days	476
JUL-2008	252022	244445	97%	78 days	605
JUN-2008	252050	246247	98%	81 days	646
MAY-2008	261217	255677	98%	80 days	706
APR-2008	243789	238362	98%	83 days	667
MAR-2008	245340	240486	98%	85 days	447
FEB-2008	236164	230777	98%	94 days	407
JAN-2008	240145	233061	97%	112 days	309
Averages:	250165	243706	97 %	87 days	5344

Halifax Real Estate Market update for areas 1-40 which encompasses all of HRM for single family detatched, semi detached, condos, townhouses, mobile homes and new construction for 2007.

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
Halifax Real Estate Market Report 2007
DEC-2007	237375	231076	97%	97 days	234
NOV-2007	234007	227936	97%	95 days	383
OCT-2007	237669	230701	97%	88 days	429
SEP-2007	243007	235348	97%	87 days	441
AUG-2007	236618	230713	98%	85 days	540
JUL-2007	242494	237386	98%	93 days	561
JUN-2007	241706	235010	97%	75 days	680
MAY-2007	239595	234632	98%	83 days	775
APR-2007	232561	227660	98%	84 days	627
MAR-2007	229275	223956	98%	92 days	557
FEB-2007	224548	219183	98%	114 days	425
JAN-2007	213150	207194	97%	100 days	360
Averages:	235170	229335	98 %	89 days	6012

Halifax Real Estate Market update for areas 1-40 which encompasses all of HRM for single family detatched, semi detached, condos, townhouses, mobile homes and new construction for 2006.

Month	Average List Price	Average Sale Price	Sale to List Price	Average List Duration	Number Of Sales
Halifax Real Estate Market Report 2006
DEC-2006	235102	227734	97%	109 days	246
NOV-2006	216704	208972	96%	96 days	355
OCT-2006	219657	213271	97%	98 days	381
SEP-2006	228307	221237	97%	90 days	443
AUG-2006	228232	221459	97%	99 days	485
JUL-2006	218124	211352	97%	94 days	482
JUN-2006	213731	208620	98%	84 days	600
MAY-2006	227248	221344	97%	86 days	667
APR-2006	233124	227161	97%	80 days	493
MAR-2006	218737	214242	98%	98 days	550
FEB-2006	218299	212236	97%	104 days	376
JAN-2006	210985	203496	96%	109 days	293
Averages:	222374	216125	97 %	94 days	5371

A Quick Summary

2006 – Average price was $216,125/Number of sales 5371

2007 – Average Price was $229,335/Number of sales 6012

2008 – Average Price was $243,706/Number of sales 5344

Looking at these numbers it is easy to see that the Halifax Real Estate Marketis in great shape going in to 2009. The average price is up 6.1% from 2007 and 12.4% from 2006. Number of sales is down 11% from 2007(which was a recrod year) and stayed the same as 2006. Days on market suprisingly went down each year although we are seeing days on market creep up in the latter part of 2009.

You can look for prices to remain stable for the next couple of months and possibly see a slight increase halfway through the year. The number of sales will again go down, for a number of reasons. 1. The economic downturn and 2. No more zero down mortgages, although this could be offset by low interest rates.

I have some exciting plans for my blog in 2009. Keeping checking back for regular updates.

If you are looking to buy or sell Real Estate in Halifax, Dartmouth and surrounding areas do not hesitate to call me anytime at 902-488-0012.

- Halifax Housing Market Outlook

- Halifax Real Estate Urban Development Update

Andrew Perkins

Your Halifax Real Estate Expert

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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 andrewperkins@exitmetro.ca. I will respond promptly.

- Dartmouth Real Estate Market Update

- Bedford/Hammonds Plains Real Estate Update

Andrew Perkins

Your Halifax Real Estate Expert

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Halifax Real Estate Historical Data

Andrew — Wed, 29 Oct 2008 17:02:50 +0000

Today I am going to look at the average price in the Halifax Real Estate Market for the last 8 years dating back to 2000. This should give you an idea of how the Halifax Real Estate market has fared over the years and where is it headed in the future.

Halifax Real Estate	Average Price	Number of Sales	% Price Change

2000	$120,161	5843
2001	$127,337	6484	+5.6%
2002	$142,034	6943	+10.3%
2003	$156,539	6424	+9.2%
2004	$167,720	6777	+6.7%
2005	$181,560	6925	+7.6%
2006	$194,150	6679	+6.5%
2007	$207,198	7493	+6.3%
2008	$221,737	6039	+6.6%
Totals		59,607	+7.3

Source: MLS data

The Halifax Real Estate market has had a very steady rise in price since the turn of the century. The number of sales has remained relatively the same over that period. This year we are on pace to be slightly behind last year’s numbers which were a record. I do see this trend slowing a little in the future due to the financial turmoil in the world markets, however I think Halifax will still remain as one of the healthiest Real Estate Markets in Canada. Some of the factors that I feel gives the Halifax Real Estate Market such promise are;

1) Gateway port

2) Military/Navy

3) University city

4) Hub for Atlantic Canada

5) IT sector

When I say that the market is going to slow I am referencing the number of sales. I do not see prices going down in the foreseeable future. Now is not the time to wait for that to happen in Halifax. The prices here are far below other cities in Canada and have a lot of room to grow.

If you are in the market to buy or sell Halifax Real Estate do not hesitate to contact me.

- Halifax Economic Growth Rate Looks Great

- Halifax Real Estate 3rd Quarter Stats

Andrew Perkins

Your Halifax Real Estate Expert

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Halifax Real Estate 3rd Quarter Stats are in!!!

Andrew — Mon, 20 Oct 2008 15:03:57 +0000

How did the Halifax Real Estate Market perform in the 3rd Quarter?

Sales for the third quarter down 5% year over year and trail 2007 by 7.3% up to and including the third quarter.

Number of sales 2008 = 5325 Number of sales 2007 = 5746

Active Listings are up 16 percent

The only area that had a slight increase in sales was Dartmouth up 2.8% year over year.

Fall River, Bedford, Sackville, Hammonds Plains all recorded double digit declines in the number of sales year over year.

Despite the declines, sales in the third quarter remain at the second highest on record and average price growth remained steady at 6.7%

Areas of Note

Sackville – average price rose by 13%

Halifax North End - 10.5% average price increase

Halifax South End – 19.7% average price increase

Fall River – 9.4% average price increase

Crichton Park/Albro Lake – 13.9% average price increase

Spryfield – 22.4% average price increase

Average days on Market down by 5 days from 84

The Halifax Real Estate Market remains healthy through the 3rd quarter of 2008. Most forecasters were predicting a 2-3% price increase and we continue to see a 6-7% percent increase. What does all this mean? If you are buyer it is a great time to buy. Prices are continuing to rise and inventory is high, thus it is a buyers market. If you are sitting on the fence now is not the time to wait. Our economy in Halifax remains strong in the face of all the financial turmoil going on around the world. If you would like more information on this, or you are looking to buy or sell Halifax Real Estate Contact me anytime.

- Halifax Economic Growth Rate Looks Great

- Provincial Home Sale Stats

Andrew Perkins

Your Halifax Real Estate Expert

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