Halifax Real Estate Market Holds it’s own
Well the new blog is up and active finally after all of my hard work and I though I would celebrate by writing a post about everyone’s favorite topic. The Market!!! The Halifax Real Estate Market has fared well recently. I know I have been really busy taking listings and making sales since the beginning of May and now the numbers are out to prove it! Let me break it down for you.
The largest surprises year over year
The average sale price of SOLD homes in the South End of Halifax rose by 3.2% to $576,024.00 from $558,153 and the # of SOLD units went up 10.5% in 2009. The average sale price of a home in Clayton Park dropped by 12.4% to $287,195 from $328,025 in 2008. There were 8.6% less sales in 2009 than in 2008 for this area. One of the largest price increases was in the Armdale/Purcell’s Cove/Herring Cove area that saw an increase of 18.4% year over year to have an average sale price of $303,204 in 2009. Sackville’s average sale price has increased by 2.5% to $195,761 this may up from $190,898 in 2008.
Halifax Real Estate Market as a whole
The total number of MLS listings were down from 980 in May 2008 to 969 in 2009. A drop of 1.1%. The total number of units SOLD during this same period dropped a whopping 16.7% year over year from 654 to 545! The Average Sale price of a Home in Halifax went up by 1.9% to $252,043 in 2009 from $247,368 in 2008.