Halifax Real Estate Market Month in Review – April 2012. 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*
April 2012
Average Sale Price – $292,311
Number of Sales – 573
% vs April 2011(price) – +5.4%
% vs April 2011(sales) - +14.6%
Average Days on Market – 79
Active Listings – 2576
Absorption Rate – 19.5 weeks
Type of Market – Sellers
Multi-Family**
April 2012
Average Price – $335,375
Number of Sales – 12
% vs April 2011(price) – -10.7%
% vs April 2011(sales) – 0%
Average Days on Market – 65
Active Listings – 52
Absorption Rate – 23 weeks
Type of Market – balanced
* Includes single family homes and condominiums
** Includes multi- family homes 2-12 units
Synopsis
Residential
The month of April was a very busy month in the Halifax real estate market. With 573 sales it was one of the strongest April months on record. Both average price and sales increased over April 2011.. We continue to see a sellers market. If a property is priced right it is not uncommon to see multiple offer situations.
Multi-Family
Investment properties in HRM saw average price decreased by 10.7% compared to April 2011. Number of sales did not change. We are starting to see some movement in this market segment. The inventory is still quite low for investment properties and like single family homes and condos we are also experiencing a sellers market.
If you would like more information on the Halifax Real Estate market I can be easily reached by email andrew@halifaxrealestateguy.com or by phone 902-488-0012.
Kind Regards,
Andrew Perkins
Halifax Real Estate Guy
Halifax Real Estate Market 1st Quarter Review January – March 2012. 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*
Jan – March 2012
Average Sale Price – $281,168
Number of Sales – 1278
% vs 1st Qtr 2011(price) – +2.7%
% vs 1st Qtr 2011(sales) – +21%
Average Days on Market – 97
Active Listings – 2456
Absorption Rate – 21 weeks
Type of Market – Sellers
Multi-Family**
Jan – March 2012
Average Price – $346,496
Number of Sales – 28
% vs 1st Qtr 2011(price) – +16.5%
% vs 1st Qtr 2011(sales) – -15%
Average Days on Market – 92
Active Listings – 62
Absorption Rate – 29 weeks
Type of Market – buyers
* Includes single family homes and condominiums
** Includes multi- family homes 2-12 units
Synopsis
Residential
The first quarter in the Halifax Real Estate market saw gains across the board. Average price was up 2.7% and the number of sales were up 21% compared to 2011. The market has definitely been hot lately. Their are lots of competing offers. The absorption rate still sits at 21 weeks which constitutes a sellers market. If a property is priced right it should’t take too long to sell with these market conditions.
Multi-Family
Investment properties in the first quarter in HRM saw average price increase by a 16.5% compared to February 2011. Number of sales decreased by 15% . We are starting to see some movement in this market segment. Now that the spring market is here inventory is up for investment properties and we are seeing a slight buyers market.
If you would like more information on the Halifax Real Estate market I can be easily reached by email andrew@halifaxrealestateguy.com or by phone 902-488-0012.
Kind Regards,
Andrew Perkins
Halifax Real Estate Guy
Halifax Real Estate Market Month in Review – February 2012. 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*
February 2012
Average Sale Price – $269,455
Number of Sales – 447
% vs Feb 2011(price) – -2.27%
% vs Fen 2011(sales) - +42.4%
Average Days on Market – 97
Active Listings – 2158
Absorption Rate – 20.9 weeks
Type of Market – Sellers
Multi-Family**
February 2012
Average Price – $385,492
Number of Sales – 13
% vs Feb 2011(price) – +28.8%
% vs Feb 2011(sales) – +44%
Average Days on Market – 114
Active Listings – 52
Absorption Rate – 17.3 weeks
Type of Market – sellers
* Includes single family homes and condominiums
** Includes multi- family homes 2-12 units
Synopsis
Residential
The month of February was a very busy month in the Halifax real estate market. With 447 sales it was one of the strongest February months on record. Although we did see a price decrease for the first time in a long time. Albeit only a 2.2% drop. With that number of sales it is easy to see why. It is a crazy market out there right now with lots of inventory moving and for the first time in several years we are actually experiencing a sellers market.
Multi-Family
Investment properties in HRM saw average price increase by a whopping 28.8% compared to February 2011. Number of sales were also up by 44%. We are starting to see some movement in this market segment. The inventory is still quite low for investment properties and like single family homes and condos we are also in a sellers market.
If you would like more information on the Halifax Real Estate market I can be easily reached by email andrew@halifaxrealestateguy.com or by phone 902-488-0012.
Kind Regards,
Andrew Perkins
Halifax Real Estate Guy
Halifax Real Estate Market Month in Review – January 2012. The numbers below are based on MLS® statistics for single family homes and condominiums 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*
January 2012
Average Sale Price – $282,250
Number of Sales – 277
% vs Jan 2011(price) - +6.2%
% vs Jan 2011(sales) - +8.2%
Average Days on Market – 93
Active Listings – 2166
Absorption Rate – 34 weeks
Type of Market – Buyers
Multi-Family**
January 2012
Average Price – $291,833
Number of Sales – 6
% vs Jan 2011(price) – +8.82%
% vs Jan 2011(sales) - -53%
Average Days on Market – 72
Active Listings – 52
Absorption Rate – 40 weeks
Type of Market – buyers
* Includes single family homes and Condominiums
** Includes multi- family homes 2-12 units
Synopsis
Residential
The month of January continued to see strong gains in the Halifax real estate market. Both average price and the number of sales were up by over 5% which is a first in a long time. The absorption wait is also slowly falling. Seems like the spring market is starting early this year.
Multi-Family
Investment properties in HRM saw average price increase by almost 9% compared to January 2011. Number of sales decreased significantly to only 6 sales. This can be attributed to investors eager to sit on their properties to see how the market reacts in the coming months.
If you would like more information on the Halifax Real Estate market I can be easily reached by email andrew@halifaxrealestateguy.com or by phone 902-488-0012.
Kind Regards,
Andrew Perkins
Halifax Real Estate Guy
