Halifax’s Condo Real Estate Specialists

Halifax Condo Market Update – February 2013

Posted on Mar 01, 2013

Halifax Condo Market Update – February 2013

Average Condo Price Halifax February 2013

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

Number of Condo Sales February 2013

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 took a significant tumble in February.  The price decreased by 8% compared to February last year and down 31% compared to January 2013.  Moving in to the spring market we anticipate prices to increase with more inventory coming to market.

Number of Sales – Sales for Halifax condos were also down in February by 41% compared to February 2012.  However sales were up by 20% compared to january 2013.  We are seeing a slow down in the market for the first two months of the year.  With the spring market  beginning soon look for the number of sales to increase.

If you would like more information on the Halifax Condo market you can always contact us

Andrew