Halifax Real Estate Guy

Market Watch Wednesday

This week on market watch Wednesday I wanted to do something a little different.   With the first decade of the 2000′s coming to a close I wanted to look back through the years and see how the Halifax real estate market performed since the turn of the century.

I have compiled the data below in an easy to read line graph.

If you would like more information about the statistics in your particular area of HRM you can always contact me by email andrew@halifaxrealestateguy.com or call 902-488-0012

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Sales

The number of sales has fluctuated throughout the decade peaking in 2007 at just over the 6000 mark.  Since 2007 we have seen a decrease in the number of sales each year.

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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Price

Average price has increased steadily since 2000.  The average price for a home or condo in HRM is 267K.  Essentially if you bought a home in 2000 when average price was 133k your investment has doubled.

Figure 2. All numbers based on MLS® statistics, single family homes and condominiums for areas 1-40 which encompass all of HRM