Overview
This year has been very busy in the Downtown Halifax Condo Market. Inventory is at an all-time low, and in some areas, there is no inventory at all. This makes the market extremely competitive for buyers and has the potential to be very profitable for sellers.
There is a general trend that prices are on the rise in all areas of Downtown Halifax. Sales have decreased since last year, simply because there are fewer condos to buy.
Most condos are selling in under a month, and the market is still very much in the seller's favour.
Just think, if you were to sell your Downtown Halifax Condo now, you would have very little competition and A LOT of motivated buyers. This can mean competing offers and higher offers.
If you’re looking to buy in Halifax, it is very wise to work with a real estate professional. In times like this, an expert in the field will make it so much easier to score your dream condo.
Give us a call anytime. We look forward to working with the great residents of Halifax, and the newcomers to the area this upcoming year.
Cheers to the new year,
Andrew Perkins
andrew@downtownhalifaxcondos.com