Overview
Let’s review the Halifax Real Estate Condo Market for November 2021!
Clayton Park, the condo HUB of Halifax, only has 4 active condo listings… in all of Bedford, we only have 1 active condo listing... This market is under some serious pressure.
Sales have decreased in all major condo districts of Halifax other than the Peninsula. This is solely due to the lack of inventory. There are countless buyers out there, especially searching for condos in the 200K-500K range. For example, a condo we sold in November had close to 40 viewings and a total of 18 offers. This market is wild.
Prices have risen substantially in all 4 major condo districts. Month over month and year over year prices continue to climb. With the pressure that our market is currently facing, we do not see this slowing down anytime soon. In these 4 areas, condos are selling in at most a little over one month, and on average in 2 weeks' time.
Buyers, we urge you to reach out to us so we can help set you up for success. Sellers, if you were ever worried about listing in the past due to competition, fear no more. This market is in your favour!
Andrew Perkins
902-488-0012
andrew@andrewperkins.ca