Halifax Peninsula Market Update July 2008.
Market update for Halifax Peninsula; areas 1-4 which encompasses South End, North End, West End and Central for July 2008; single family detached and semi detached homes, including new construction.
| Halifax Real Estate Blog/Peninsula Market Update 2008 | |||||
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
|---|---|---|---|---|---|
| JUL-2008 | 358234 | 347925 | 97% | 57 days | 44 |
| Averages: | 358234 | 347925 | 97 % | 57 days | 44 |
Market update for Halifax Peninsula areas 1-4 which encompasses South End, North End, West End and Central for July 2007; single family detached and semi detached homes, including new construction.
| Halifax Real Estate Blog/Peninsula Market Update 2007 | |||||
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
|---|---|---|---|---|---|
| JUL-2007 | 317395 | 314512 | 99% | 60 days | 55 |
| Averages: | 317395 | 314512 | 99 % | 60 days | 55 |
Number of Active Listings – 128
The numbers show a similiar trend that is taking place throughtout the Market, number of sales are down but the average price continues to rise. Sales are down by 11 units compared to last year but the average price is up 9%. Days on market are actually down by 3 days.
The Peninisula is still one of the markets most desirable areas. Condos continue to be built and infill is happening everywhere. The hot market that I see right now is the North End. Gentrification is taking place there as old homes are getting updated and new condo projects seem to popping up everyday. It is very hard to find anything in the North End now for under 200K. The west end is another area that has been taking off in recent years. As the south end prices continue to rise people still want to live close to Downtown so they are looking a little farther out. Personally I think Fairview is a area of Halifax that will explode int the next few years. Next week I will be looking at the Dartmouth Real Estate Market to see whats happeing there. If you are looking to buy or sell contact me at 488-0012, I would be happy to assist you!
Andrew Perkins
Your Halifax Real Estate Expert
So a lot of people have been asking me; What is an RSS feed? I asked myself this same question many months ago. After learning what it is I now have about 30 feeds coming into my Google Reader account that gives me updates on all things pertaining to Real Estate as well as The Globe and Mail Real Estate Section and the Chronicle Herald Business section. So instead of having to check back to see if there were new posts all I need to do is click the RSS feed button, subscribe and I am automatically updated when a new post is written. It is very easy to set up and you can do it for any topic.
Below is taken from Wikipedia which should give you a better understanding of an RSS feed.
RSS is a family of Web feed formats used to publish frequently updated content such as blog entries, news headlines, and podcasts in a standardized format.[2] An RSS document (which is called a “feed,” “web feed,”[3] or “channel”) contains either a summary of content from an associated web site or the full text. RSS makes it possible for people to keep up with web sites in an automated manner that can be piped into special programs or filtered displays.[3]
The benefit of RSS is the aggregation of content from multiple web sources in one place. RSS content can be read using software called an “RSS reader,” “feed reader,” or an “aggregator,” which can be web-based or desktop-based. A standardized XMLfile format allows the information to be published once and viewed by many different programs. The user subscribes to a feed by entering the feed’s link into the reader or by clicking an RSS icon in a browser that initiates the subscription process. The RSS reader checks the user’s subscribed feeds regularly for new content, downloads any updates that it finds, and provides a user interface to monitor and read the feeds
If you are having problems setting this up or any questions regarding this, do not hesitate to contact me. This week I will be analyzing the stats for the Halifax Peninsula. The Halifax Real Estate market is still strong despite sales being down, but this is only compared to the last 2 years which broke records for the number of sales. If you are looking to buy or sell Halifax Real Estate you can contact me.
Andrew Perkins
Your Halifax Real Estate Expert
Halifax Condo MLS® Market Report July 28/2008
Halifax Condo Report for Areas 1 – 40 which encompasses all of HRM for 2008 including new construction
| Halifax Real Estate Blog – Condo Report 2008 | |||||
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
|---|---|---|---|---|---|
| JUL-2008 | 220769 | 214505 | 97% | 95 days | 65 |
| JUN-2008 | 207291 | 202183 | 98% | 117 days | 73 |
| MAY-2008 | 220137 | 214078 | 97% | 111 days | 88 |
| APR-2008 | 211476 | 205712 | 97% | 132 days | 103 |
| MAR-2008 | 201322 | 195383 | 97% | 98 days | 64 |
| FEB-2008 | 203251 | 198449 | 98% | 107 days | 55 |
| JAN-2008 | 209658 | 204978 | 98% | 132 days | 50 |
| Averages: | 211210 | 205617 | 97 % | 114 days | 498 |
Halifax Real Estate Condo Report for Areas 1 – 40 which encompasses all of HRM for 2007 including new construction
| Halifax Real Estate Blog – Condo Report 2007 | |||||
| Month | Average List Price | Average Sale Price | Sale to List Price | Average List Duration | Number Of Sales |
|---|---|---|---|---|---|
| JUL-2007 | 211521 | 208664 | 99% | 145 days | 58 |
| JUN-2007 | 216900 | 210916 | 97% | 93 days | 88 |
| MAY-2007 | 207318 | 203087 | 98% | 124 days | 114 |
| APR-2007 | 199875 | 195295 | 98% | 155 days | 86 |
| MAR-2007 | 205128 | 200753 | 98% | 192 days | 86 |
| FEB-2007 | 212375 | 207162 | 98% | 182 days | 62 |
| JAN-2007 | 216707 | 211558 | 98% | 124 days | 65 |
| Averages: | 209433 | 204777 | 98 % | 143 days | 559 |
Total Active Halifax Condos – 497
The Condo market has slowed down with regards to number of sales year over year. There are a lot of new builds coming on board now and in the future. The market is currently in a little downturn with regards to number of buyers although average price continues to rise, just slightly year over year. The average days on market are up by 23 days which is a result of all the new builds.
A couple of new builds that I think a potential Condo buyer should be looking at are; Armoury Square, Armoury Villa, Falkland Street Condos and Spice. The Falkland Street condos have already increased prices by 10 – 15K on select units. A good investment for sure! Be sure to check back regularly for more market updates and news. If you are looking to buy or sell Halifax Real Estate be sure to contact me.
Andrew Perkins
Your Halifax Real Estate Expert
Go Green and Save
So your thinking of selling your home and would like to do a few renovations before you put it on the market or you just bought a new home and would like to do renovations to make it your own.
It’s good to keep abreast of grants that are now available for homeowners who want to go green.
Both the provincial and federal governments have new programs designed to encourage energy reduction. By staying up-to-date on the latest programs, you can save money.
Natural Resources Canada (NRCan) is offering a new residential energy efficiency assessment service to owners of single family homes, including detached, semi-detached and low-rise multi-unit residential buildings (MURBs) that are no more than three storeys high.
Under the ecoENERGY Retrofit program, property owners can qualify for federal grants by improving the energy efficiency of their homes and reducing their home’s impact on the environment.
NRCan-certified energy advisors conduct a detailed on-site assessment of the home’s energy use from the attic down to the basement. They provide a personalized report, including a checklist of recommended retrofits to improve the energy efficiency of your home and, in some cases, to reduce water consumption. The report also shows the grant amounts for each eligible upgrade that you can receive by carrying out these energy-saving improvements. The maximum grant you can receive for a home is $6500.
A high efficiency furnace and many of the other retrofits eligible for rebates come with a higher price tag, but environmentally conscious homeowners believe the energy cost savings – and reduced greenhouse gas emissions – are well worth it. Also, from a resale perspective, many potential home buyers will view “greener” homes as a desirable feature.
If you are thinking about buying, selling or doing renovations you have to check these programs out, not only will it save you money, it will up your resale value as well. For more information contact me ,
Andrew Perkins
Your Halifax Real Estate Expert
