My Weekly look at the state of the Halifax Real Estate Market
Today I am discussing the stats for the Sackville Real Estate Market. Prices have stayed pretty much the same year over year but the number of sales have increased by 8.5%. This is a good sign that the market is starting to pick up again. If you would like more information or would like to know the stats for your area you can call 902-488-0012 or email andrew@halifaxrealestateguy.com
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My weekly look at the state of the Halifax Real Estate Market
This week I am taking a look at the Sackville Real Estate Market. If you would like more information on the stats for your area you can contact me 902-488-0012 or email andrew@halifaxrealestateguy.com.
Related Video Blog Posts
- Monday Market Watch – Absorption Rates
How is the Sackville Real Estate Market performing in the Last 3 months?
Sackville Real Estate Market update for August, September, October 2008 for single family detached and semi-detached homes.
| Halifax Real Estate Blog Sackville Market Update | |||||
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
|---|---|---|---|---|---|
| OCT-2008 | 195396 | 190686 | 98% | 72 days | 28 |
| SEP-2008 | 210579 | 206769 | 98% | 71 days | 36 |
| AUG-2008 | 204205 | 200016 | 98% | 64 days | 40 |
| Averages: | 204040 | 199842 | 98 % | 68 days | 104 |
Sackville Real Estate Market update for August, September, October 2007 for single family detached and semi-detached homes.
| Halifax Real Estate Blog Sackville Market Update | |||||
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
|---|---|---|---|---|---|
| OCT-2007 | 183873 | 179752 | 98% | 64 days | 33 |
| SEP-2007 | 192301 | 188185 | 98% | 81 days | 37 |
| AUG-2007 | 194631 | 190164 | 98% | 46 days | 35 |
| Averages: | 190429 | 186194 | 98 % | 64 days | 105 |
Number of Active Listings = 216
The Sackville Real Estate continues to be one of the fastest growing markets in HRM. Average sale price continues to rise, the last three months by 7.3%. Unlike many other areas of HRM which saw a sharp decline in the number of sales, Sackville only declined by 1 sale. Days on market are up by 4 days. I attribute this to Sackville still remaining affordable. For what you get in Sackville for your money and what you get in Halifax, Bedford, Hammonds Plains, there really is no comparison.
If you are interested in Sackville Real Estate or have any questions regarding Real Estate in Halifax and surrounding areas contact me at 488-0012.
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Andrew Perkins
Your Halifax Real Estate Expert
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 do not hesitate to contact me.
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Andrew Perkins
Your Halifax Real Estate Expert
