Residential*

April 2012

Average Sale Price – $292,311

Number of Sales – 573

% vs April 2011(price) –  +5.4%

% vs April 2011(sales) -  +14.6%

Average Days on Market – 79

Active Listings – 2576

Absorption Rate – 19.5 weeks

Type of Market – Sellers

Multi-Family**

April 2012

Average Price – $335,375

Number of Sales – 12

% vs April 2011(price) –  -10.7%

% vs April 2011(sales) –   0%

Average Days on Market – 65

Active Listings – 52

Absorption Rate – 23 weeks

Type of Market – balanced

* Includes single family homes and condominiums

** Includes multi- family homes 2-12 units

Synopsis

Residential

The month of April was a very busy month in the Halifax real estate market.  With 573 sales it was one of the strongest April months on record. Both average price and sales increased over April 2011..  We continue to see a sellers market.  If a property is priced right it is not uncommon to see multiple offer situations.

Multi-Family

Investment properties in HRM saw average price decreased by 10.7% compared to April 2011.  Number of sales did not change.  We are starting to see some movement in this market segment. The inventory is still quite low for investment properties and like single family homes and condos we are also experiencing a sellers market.

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

Residential*

Jan – March 2012

Average Sale Price – $281,168

Number of Sales – 1278

% vs 1st Qtr 2011(price) –  +2.7%

% vs 1st Qtr 2011(sales) –  +21%

Average Days on Market – 97

Active Listings – 2456

Absorption Rate – 21 weeks

Type of Market – Sellers

Multi-Family**

Jan – March 2012

Average Price – $346,496

Number of Sales – 28

% vs 1st Qtr 2011(price) –  +16.5%

% vs 1st Qtr 2011(sales) –  -15%

Average Days on Market – 92

Active Listings – 62

Absorption Rate – 29 weeks

Type of Market – buyers

* Includes single family homes and condominiums

** Includes multi- family homes 2-12 units

Synopsis

Residential

The first quarter in the Halifax Real Estate market saw gains across the board.  Average price was up 2.7% and the number of sales were up 21% compared to 2011.  The market has definitely been hot lately.  Their are lots of competing offers.  The absorption rate still sits at 21 weeks which constitutes a sellers market.  If a property is priced right it should’t take too long to sell with these market conditions.

Multi-Family

Investment properties in the first quarter in HRM saw average price increase by a 16.5% compared to February 2011.  Number of sales decreased by 15% .  We are starting to see some movement in this market segment. Now that the spring market is here  inventory is up for investment properties and we are seeing a slight buyers market.

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

Residential*

February 2012

Average Sale Price – $269,455

Number of Sales – 447

% vs Feb 2011(price) –  -2.27%

% vs Fen 2011(sales) -  +42.4%

Average Days on Market – 97

Active Listings – 2158

Absorption Rate – 20.9 weeks

Type of Market – Sellers

Multi-Family**

February 2012

Average Price – $385,492

Number of Sales – 13

% vs Feb 2011(price) –  +28.8%

% vs Feb 2011(sales) –  +44%

Average Days on Market – 114

Active Listings – 52

Absorption Rate – 17.3 weeks

Type of Market – sellers

* Includes single family homes and condominiums

** Includes multi- family homes 2-12 units

Synopsis

Residential

The month of February was a very busy month in the Halifax real estate market.  With 447 sales it was one of the strongest February months on record. Although we did see a price decrease for the first time in a long time.  Albeit only a 2.2% drop.  With that number of sales it is easy to see why.  It is a crazy market out there right now with lots of inventory moving and for the first time in several years we are actually experiencing a sellers market.

Multi-Family

Investment properties in HRM saw average price increase by a whopping 28.8% compared to February 2011.  Number of sales were also up by 44%.  We are starting to see some movement in this market segment. The inventory is still quite low for investment properties and like single family homes and condos we are also in a sellers market.

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

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

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.

_______________________________________________________________________

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

_______________________________________________________________________

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

- Halifax Week in Review August

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.

_______________________________________________________________________

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

_______________________________________________________________________

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

New Listings – 251

Number of Active Listings – 3033

Absorption Rate – 27 weeks

Type of Market –Buyers market

The number of new listings continue to hover around the 3000 mark.  After seeing a balanced market for the past several months we are now experiencing a 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.

_______________________________________________________________________

The weekly sales were down significantly compared to the same week in 2009 and 2010.   The number of sales last week totaled 76

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

_______________________________________________________________________

Average price increased compared with both 2009 and 2010.  We are seeing a steady increase of 4 to 5%  in average price year over year.  The average price last week was 276K.

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 July 29th-Aug 5th, 2011

-Week in Review July 2nd-July 8, 2011

-Week in Review June 25-July 1,2011

New Listings – 227

Number of Active Listings – 3005

Absorption Rate – 29 weeks

Type of Market –Buyers market

The number of new listings continue to hover around the 3000 mark.  Based on the number of sales last month(448) the absorption has increased to 29 weeks and now represents a 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.

_______________________________________________________________________

The weekly sales were down compared to the same week last year and again down significantly compared to 2009. The number of sales last week totaled 71.

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

_______________________________________________________________________

Average price decreased slightly compared with 2010 but was up compared significantly compared with  2009.  The average price last week was 295K.

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 July 2nd-July 8, 2011

-Week in Review June 25-July 1,2011

-Week in Review June 18-24,2011

New Listings – 263

Number of Active Listings – 3026

Absorption Rate – 21 weeks

Type of Market –Sellers market

The number of new listings were up this week compared to last. The number of active listings continue to hover around the 3000 mark. Based on the number of sales last month(612) the absorption dropped by one week to 21 weeks.

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.

_______________________________________________________________________

The weekly sales were up compared to the same week last year and again down significantly compared to 2009. The number of sales last week totaled 87

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

_______________________________________________________________________

Average price decreased compared with 2010 but was up compared with  2009.  The average price last week was 272K.

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 June 25-July 1,2011

-Week in Review June 18-24,2011

-Week in Review June 11-17,2011