Halifax Residential Inventory January 2013
Inventory starts off the year in healthy way. Not as low as we witnessed last year but hovering around the last few years averages. Look at January as the start of a slow climb up a tall mountain. Sellers plans should start now!
Halifax Residential Sales January 2013
Although we ended last year on a sour note in this department, sales in January had a strong end of month performance helping it off of the bottom rung. This statistic is married to the inventory and generally follows the same trend. More inventory= more selection= more sales.
Halifax Residential Average Sold Price January 2013
Average sold price remains strong and if it follows general average trend, we should see an overall increased monthly value each month. Last year kept the overall increase being beat only by that anomaly December in of 2011.
All in all not a bad start to the residential market year. Not the best start we have seen but its surely not the worst. I have a good feeling about this year and I think we will finally see some impact from the Irving shipbuilding contract as facility construction contracts come to fruition and workers start migrating to one of the greatest cities in Canada. There is lots of optimism going forward into the new market year, and I for one can't wait to see how things develop. Whats your thoughts/predictions about the Halifax real estate market this year?
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
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