Starting This Month, we are going to review the Halifax Condo Market monthly. We have decided to focus on the four areas of Halifax where the majority of the condo buildings are: The Peninsula, Bedford, Dartmouth and Clayton Park/Fairview. We are truly seeing some incredible numbers in Halifax, so we wanted to share. Let’s dig in!
First off, we see green arrows all across the board. This means that in all four areas, prices and number of sales are on the rise, in comparison to last year. Some increases have exceeded 100% which means that our market is rapidly changing year over year.
In all four areas, inventory is extremely limited. In Clayton Park, there are only 3 active listings in total! We hope to see the inventory increase this summer for the eager buyers out there! Sellers, limited inventory typically works to your advantage: there is not much competition for your potential listing.
All four areas are in a strong seller’s market. Condos are selling in less than one month in most areas; some areas in under a week! If you want your condo sold for top dollar, and fast at that, now is the time to list.
If you were to list your condo, wouldn’t you want to list it with a condo specialist? Someone who knows the market in and out, and can advise you on the best possible position for your circumstances? We would too. That’s why we know you should list with us. Give us a call today to get started!
Andrew Perkins
902-488-0012
andrew@andrewperkins.ca