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