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
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
New Listings – 204
Number of Active Listings – 3055
Absorption Rate – 32 weeks
Type of Market –Buyers market
The number of new listings were up compared to last week. With only 381 sales last month(Aug 25-Sept 25) the market has shifted to a strong buyers market.
As always feel free to contact me for more information on the Halifax real estate market by email andrew@halifaxrealestateguy.com or call 902-488-0012.
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The weekly sales were down significantly compared to the same week in 2009 and 2010. The number of sales last week totaled 75
Figure 1. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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Average price was was up significantly compared to 2009 and 2010. The average price last week was 284K.
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
Related Video Blog Posts
New Listings – 251
Number of Active Listings – 3057
Absorption Rate – 30 weeks
Type of Market –Buyers market
The number of new listings were up compared to last week. With only 433 sales last month(July 20-Aug 20) the market is starting to shift to a strong buyers market.
As always feel free to contact me for more information on the Halifax real estate market by email andrew@halifaxrealestateguy.com or call 902-488-0012.
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The weekly sales were down significantly compared to the same week in 2009 and 2010. The number of sales last week totaled 73
Figure 1. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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Average price was down compared to 2010 but up significantly compared with 2009. The average price last week was 267K.
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
Related Video Blog Posts
-Week in Review Aug 6th-12th,2011
-Week in Review July 29th-Aug 5th, 2011
-Week in Review July 2nd-July 8, 2011
