Property prices for sale in Halifax (Nova Scotia)
The prices in real estate in Halifax, in the Nova Scotia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Halifax has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $13,876. In November this price pretty much remained the same at a value of $13,877 per sq.feet. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 5 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $13,468.75 to $635 during February, and March.
Based upon to the price in Halifax (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $635,187. In November This price remains at $628,839. During the following two months (December, January) the average price had a considerable increase of 168 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $846,044.25 to $717,854, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $757,179 they are 60 % more affordable than the average price for Halifax. The properties with the highest average price have 3 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 4 bedrooms priced at $826,156.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $338 / sq.feet, with an average $468 / sq.feet price in Halifax. The properties with the highest average prices have 3 bedrooms. They are 49 % more expensive than the average followed by properties with 2 bedrooms with a price at $623 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $757,179 it is 82 % cheaper than the average price in Halifax. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $448,156 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $446 / sq.feet followed by "Condo" priced at $502 / sq.feet. "Townhouse" is the most costly type of property with a $91,929 / sq.feet cost followed by "Land" with an average price of $27,739 / sq.feet.
