This week on market watch Wednesday I am taking a look at the first quarter stats for the Halifax Condo market for 2011.
If you would like more information on the Halifax Condo market you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012
Related Blog Posts
-Market Watch Wednesday/Halifax Real Estate Market Update 1st Qtr
- Market Watch Wednesday/Multi-Family Year to Date Update
-Market Watch Wednesday/Halifax Peninsula Real Estate Market Update
New Listings – 310
Number of Active listings – 2729
Absorption Rate – 24.7 weeks
Type of Market –Balanced
Total new listings were up slightly compared to last week. We had another week with over 300 new listing brought to market and the number of active listings are up over 2700. For the first time in almost a year we have returned to a balanced market in Halifax.
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Weekly sales remained the same compared to last year and fell compared to 2009. The number of sales this week totaled 81.
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 fell this week compared to both 2010 and 2009. The average price for a home or condo in HRM for the past week sits at $258,216
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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Related Blog Posts
- Week in Review Mar 26th-Mar 31st
New Listings – 227
Number of Active listings – 2518
Absorption Rate – 31 weeks
Type of Market – Buyers
Total new listings are down from last week and the absorption rate has stayed the same at 31 weeks
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The number of sales this past week totaled 91. Down by 22 sales from 2010 but slightly ahead of 2009.
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 sale price was up this week and came in at $275,014. Ahead of both 2009 and 2010.
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
Related Blog Posts
- Week in Review Mar 5th-Mar 11th
Week in Review
New Listings – 221*
Number of Active listings – 2394
Absorption Rate – 32 weeks
Type of Market – Buyers
*number of new listings is up almost 50 properties compared to the last couple of weeks
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The number of sales this past week totaled 75, a slight decline compared to 2010 but up compared to 2009.
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 continues to increase. Only slightly ahead of 2010 but up significantly compared to 2009 Last week the average price was 274,518K
Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
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The number of active listings have continued to stay low, still on par with 2010 but much lower then 2009. This is a contributing factor in the decrease in the number of sales.
Figure 3. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM
Related Blog Posts
- Week in Review Feb 19th-Feb 25th
- Week in Review Feb 12th-Feb 18th
- Week in Review Feb 4th-Feb 11th
