Overview
Let’s have a look at how the Halifax Condo Market behaved for the first few months of the year!
We see green arrows all around! The number of condos sold and the selling prices have also all increased in comparison to last year. Halifax Condos have been increasing in price steadily for the past two decades, so this is not a surprise. It is good news for current condo owners.
With all areas of Halifax combined, we have a total of 80 active condo listings. With Halifax’s growing population of over 400,000 residents, this market is extremely competitive.
Sellers, the number of days your condo will sit on this market depends on many factors, but from our statistics, we see that condos located in Bedford and Clayton Park are selling at record speed (possibly due to the limited inventory). Condos on the peninsula are selling as expected, in a little over 2 months, and Dartmouth condos are taking a little longer than the rest. That being said, sellers have a great chance of making a profit in any of these areas.
Inventory is limited, prices are on the rise and for the majority of Halifax areas, condos are selling fast. Sellers, the ball is in your court! Buyers, understanding the statistics can help you make an educated decision on which location is best for you!
Andrew Perkins
902-488-0012
andrew@andrewperkins.co