Halifax’s Condo Real Estate Specialists

Halifax Condo Market Update – November 2012

Posted on Dec 05, 2012

Halifax condo market update – November 2012.  The data below is based on MLS® statistics for area 1-40 which encompass all of HRM

Halifax Condo Market Average Price November

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

Halifax Condo Market Sales November

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 3.3% compared to November of 2011.

Number of Sales – The number of condo sales in HRM were down by 50% compared to November 2011. This big decrease can be attributed to the announcement of the ship building contract for Halifax.  There was a lot of speculation of how the market would respond to this announcement.  We saw a huge increase in condo sales during this time.

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