Halifax’s Condo Real Estate Specialists

Halifax Condo Market Update – December 2012

Posted on Jan 03, 2013

Halifax Condo Market Update – December 2012.

Halifax Condo Market Update December - Average Price

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

Halifax Condo Market Update December - Number of Sales

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 by 26% compared to December of 2011.

Number of Sales – The number of condo sales in HRM were down by 41% compared to December 2011. Again in December month as was the case in November we see a big decrease in the number of sales.  This can be attributed to the speculation in the market surrounding the announcement of the shipbuilding contract possibly being awarded to Halifax.

Be sure to check back next week when we will have a year over year condo market analysis

Andrew and Chris