4th Quarter MLS residential stats for Halifax, Dartmouth and surrounding areas, released by Canada Mortgage and Housing Corporation. Lets have a look at some of the highlights of this report.
Sales Decline but Prices Steady
# of Sales 6205 - down by 10.7% from last years record total of 6945
Despite the decline in sales 2008 remained above the 10 year average.
Dartmouth City had the most sales with 1669, only 4% fewer than 2007
Sales in Halifax City declined by 11%, Bedford-Hammonds Plains declined 15.6% and Sackville declined by 13.1%. Fall River showed the largest decline in sales by 22%. These numbers are based against last years stats which were a record for HRM.
Despite the decline in sales the average price continued to rise by 6.6%. Which is consistent with the annual 10 year average of 7.7%
Areas of Note
2. South End/ Sales down 17.6% Average price up 17.3%
7. Spyfield/ Sales Down 10.6% Average Price up 19.1%
13. Cricton Park/Alboro Lake, Dartmouth/ Sales up 13.4% Average Price up 15.8%
26. Beaverbank,Upper Sackville/ Sales down 28.2% Average Price up 12.6%
These areas saw dramatic increases and decreases in both sales and average price. If you would like to know what the numbers were in your area you can email me at andrewperkins@exitmetro.ca. I would be more than happy to provide you with those numbers.
I am still in the process of revamping my website and my blog. I am hoping to complete this in the near future. Change is always good.
If you are looking to buy or sell real estate in Halifax, Dartmouth and surrounding areas do not hesitate to call me at 902-488-0012.
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Andrew Perkins
Your Halifax Real Estate Expert
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