Halifax’s Condo Real Estate Specialists

February 2013

HALIFAX CONDO MARKET UPDATE – JANUARY 2013 Posted on Feb 19, 2013

Halifax Condo Market Update – January 2013

Figure 1 – All data based on MLS® statistics for areas 1 – 40 which encompass all of HRM

 

 

Figure 2 – All data based on MLS® statistics for areas 1 – 40 which encompass all of HRM

Overview

Average Price – Average price for a condo in Halifax increased substantially in January compared to the last couple of years.  Increasing by 37% in 2013, the average price in January was $314,717.  This price increase can be attributed to more high end condos being brought to market in the last couple of years i.e.: The Trillium, Dockside etc..

Number of Sales – The number of condo sales in HRM were down by 29% compared to January 2012.  We are seeing a slight slow down in the market starting out in 2013.  The tightening of the mortgage rules by the federal government has had a big impact on this.

Andrew