Halifax’s Condo Real Estate Specialists

Halifax Condo Market Statistics Update

Posted on Oct 12, 2012

Welcome to the first of our monthly statistics update on the Halifax Condo market.  The data below is based on MLS® statistics for condos in areas 1-40 which encompass all of HRM.  Check back monthly for regular updates.

 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 – Based on the data presented in the graphs above we can see that the average price for a condo in Halifax  has increased over the first half of the year compared to 2010 and 2011.  Especially in the first quarter which was due in large part to the $25 billion ship building announcement excitement.  The third quarter prices have remained flat in 2012.  It will be interesting to see how the numbers play out for the last quarter of 2012.

Number of Sales – The number of condo sales in HRM say a significant bump at the beginning of the year again due to the announcement of the shipbuilding contract.  Sales remained flat for most of the summer before taking a dip in September.

Be sure to check back regularly for Halifax condo market updates.