UNDERSTANDING THE JANUARY AL ESTATE TRENDS: 023–2025
As we kick off 2025, a look back at the January real estate trends from the last three years reveals some interesting dynamics While key metrics show steady growth in home prices, they also highlight a cooling market that’s becoming more challenging for sellers
Key Trends Over Three Years:
Rising Inventory:
The number of homes listed for sale has steadily increased year-over-year. In January 2023, there were 257 listed properties. This climbed to 340 by January 2024 and inched further...
SELLING YOUR HOME AS A SENIOR IN HALIFAX: WHAT YOU NEED TO
KNOW
As Halifax continues to experience a housing shortage, many seniors find themselves at a crossroads when deciding whether to stay in their current homes or explore the option of selling. While staying...
FINDINGTHESWEET SPOT
As a Halifax real estate professional, I've been closely tracking our local condo market, and January's numbers tell an interesting story about where we ' re heading. Out of 100 condos listed this January, 49 found new owners - a healthy absorption rate that shows sustained buyer interest even during our winter months. Properties that sold spent an average of 47 days on the market, indicating buyers are taking their time to make informed decisions but aren't sitting on the fence indefinitely...
TheHalifaxrealestatemarketis kickingoff2025withsome interestingshifts,andifyou’re thinkingaboutbuyingorselling, you’llwanttopayattention!The latestnumbersshowa landscapewherebuyershave anedge,butsellerswhoplay theircardsrightarestillsealing greatdeals.So,whatdoesthis meanforyou?Let’sbreakit down.
MarketSnapshot:January2025 Here’swhathappenedinthe Halifaxmarketlastmonth: 350homeswerelistedfor sale 20homessold(a60% successrate)
Averagetimeonmarket:52 days... WHATBUYERS& SELLERSNEEDTO KNOWINEARLY2025
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You know what's been keeping me up at night lately? The fascinating shifts I'm seeing in Halifax's new construction market. I've been looking into the latest sales data, and let me tell you, there are some interesting stories hidden in these numbers.
First off, we ' re looking at 16 new construction sales across our major builders, and the price points are telling quite a story. The average new build is coming in around $727,000, but that's not even the most interesting part.
Let's talk about who's making waves right now...
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KEY INSIGHTS AND SUBURBAN GROWTH
TheJanuaryHalifaxhousingmarketpresentedarangeofnoteworthy trendsthatshapedthebeginningoftheyear.Whilethemarketfavored buyers,withmanyhomessellingbelowtheoriginallistprice,specific neighborhoodsstoodoutfortheirstrongperformanceandoverallappeal. Let’stakeacloserlookatthekeydatapointsandmarkettrends,witha focusonHalifax’smostactivedistricts,pricedynamics,andemerging opportunities.
MostActiveNeighbourhoodsinJanuary2025
AmongHalifax’svariousdistricts,afewclearlydistinguishedthemselvesin termsofsalesvolume: Timberlea,Prospect,andSt.Margaret’sBay)ledthepack,recording animpressive23totalsales...
THE IMPACT OF PROPOSED 25% U.S. TARIFFS ON HALIFAX’S REAL ESTATE MARKET
In November, we discussed the potential effects of a 10% U.S. tariff on Canadian goods and services, highlighting concerns about housing affordability, property values, and cross-border investments. Fast forward to today, and the stakes have risen significantly with the U.S. proposing a 25% tariff. Let's look into how this heightened tariff could influence Halifax's real estate market in a friendly and conversational manner.
Understanding the Economic Ripple Effect
A 25% tariff isn't just a number: it's a catalyst for a series of economic changes. Such a substantial increase would likely make...
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Halifax Real Estate Market Trends: What’s Happening and What’s Ahead for 2025
Halifax's real estate market has experienced significant shifts over the last few years, and as we step into 2025, both buyers and sellers are keeping a keen eye on the trends. Whether you're considering buying your dream home or selling a cherished property, understanding the market dynamics can make all the difference. Let’s look into the key aspects shaping Halifax’s....
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