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
This is my very first of many Halifax Real Estate Blog posts in the all new redesigned halifaxrealestateguy.com. The blog is going to be your source to keep up to date with all the news, stats and happenings in the market.
I am very excited to have recently become a member of the National Association of Green Realtors! I have completed my first 2 online courses and I am working towards my accreditation. I will be posting on issues and trends in Green Real Estate here in Halifax and globally. If you have any questions regarding Green Real Estate and how, you the Buyer or Seller can benefit from my expertise in this field by all means drop me a line.
As well I am going keep abreast of all the new happenings with Halifax Condo projects that are coming on board in the coming years. Halifax has several new condo buildings being built and new ones that are breaking ground. Stay tuned for regular updates on the local Halifax Real Estate condo market.
Another area I will be covering is local market conditions. I will be doing year over year comparisons so you the Halifax home buyer or seller can get an idea of what the market is doing and how it will effect the sale or purchase of your next home.
To keep up to date on the latest Halifax Real Estate news and trends be sure to click the button in the top right corner “grab our RSS feed” and you will be notified immediately of any new blog posts. I am looking forward to this new venture and I hope you the reader will benefit from it. If you are looking to buy or sell Halifax Real Estate contact me and I would be happy to help. Thanks again.
Andrew Perkins
Your Halifax Real Estate Expert
