Northwest Arm of Mainland Halifax, offering 3,200 sq. feet of living space on a rarely
available water lot (rights to the land under the water a certain distance out is included).
The most expensive condominium to change hands was an oceanfront townhome at Regatta
Point, offering 3,600 sq. ft. of living space on three levels. The highest-recorded
apartment-style condominium sale was noted at $935,000 and involved a new unit
in the Trillium building. The city’s most prestigious listings currently available are
both located on the Northwest Arm. They include a $5.45 million, 12,000 sq. ft. home
on Purcell’s Cove Rd. on the south side of the Northwest Arm(new construction)
and a $3.9 million, 8,400 sq. ft. renovated home on a rarely-available, one-acre lot on
the north side of the Northwest Arm. The priciest condominium, located in Downtown
Halifax, is listed at $1.1 million—a 1,750 sq. ft. unit on the 15th floor of the
Martello Project on Dresden Row, offering a balcony terrace with coveted harbour
views. The greatest demand continues to exist for upscale product priced between
$500,000 and $700,000, with the city offering excellent value for the dollar at the
luxury price points. No records were broken in 2013, in terms of sales benchmarks. The
highest price ever paid for a home in Halifax remains $2.55 million in a transaction that
occurred in 2012. The outlook remains positive. With an upswing in momentum
expected in 2014, Halifax-Dartmouth could match or exceed the record sales performance
set two years ago. Confidence will be the determining factor, and prospects are favourable,
as GDP growth in the province is forecast to return to the mid-two per cent range.