New construction - April 2025

Nova Scotia New Construction Market Report

April 2025 Provincial Analysis
Stats from the Nova Scotia Association of REALTORS® (NSAR)
Total Listings
75
Sold Properties
46
Active Listings
29
Average Selling Price
$623K
Average Square Footage
1,964
Average Price Per SqFt
$329

Q1 Closing Performance: April vs. March

Listings
-7% ↓
81 → 75
Sales
-28% ↓
64 → 46
Active Inventory
+71% ↑
17 → 29
Avg Price
+3.5% ↑
$602K → $623K
Price/SqFt
+0.6% ↑
$327 → $329

Executive Market Intelligence

  • Inventory expansion continues: Active listings increased 71% month-over-month, signaling improved supply conditions and enhanced buyer selection
  • Sales normalization: 28% decline in transactions reflects typical spring market adjustment following Q1 surge, with 61% sell-through rate remaining healthy
  • Price resilience: Average selling price increased 3.5% despite sales softening, demonstrating sustained value appreciation and premium segment strength
  • Metropolitan concentration: Dartmouth led provincial activity with 7 sales, followed by Eastern Passage and Spryfield with 3 each, indicating Halifax Regional Municipality dominance
  • Premium positioning: Brunello Estates commanded highest average price at $806K, while 54% of all sales transacted between $500K-$700K
  • Builder diversity: No single builder captured more than 20% market share, demonstrating competitive landscape and buyer choice
  • Size preference stability: 35% of properties fell in 2,000-2,500 sq ft range, consistent with established family home preferences

Top 10 Communities by Activity

Rank Community Number of Listings
1 Dartmouth 7
2 Eastern Passage 3
3 Spryfield 3
4 Enfield 2
5 Halifax 2
6 Stewiacke 2
7 Brunello Estates 2
8 Tantallon 2
9 Black Point 1
10 Boutiliers Point 1

Price Distribution

Price Range Number of Properties
Under $300K 2
$300K - $500K 8
$500K - $700K 25
$700K - $900K 8
$900K+ 3

Property Size Distribution

Square Footage Range Number of Properties
Under 1,500 sq ft 12
1,500 - 2,000 sq ft 8
2,000 - 2,500 sq ft 16
2,500 - 3,000 sq ft 8
3,000+ sq ft 2

Top 10 Builders by Volume

Rank Builder Number of Properties
1 Ramar Construction 6
2 Rooftight Construction 4
3 Cresco Construction 3
4 Amara Developments 3
5 Countersign Construction 2
6 Provident Holdings 2
7 232862 N.S. Ltd. 1
8 Seven Lakes Developments 1
9 Falcon Construction 1
10 Picket Fence Homes 1

Regional Market Performance Analysis

Community Number of Sales Avg Square Footage
Dartmouth 7 2,149 sq ft
Eastern Passage 3 2,093 sq ft
Spryfield 3 2,146 sq ft
Enfield 2 2,294 sq ft
Stewiacke 2 896 sq ft
Halifax 2 2,373 sq ft
Brunello Estates 2 2,614 sq ft
Tantallon 2 2,410 sq ft
Boutiliers Point 1 2,952 sq ft
Black Point 1 2,036 sq ft

Average Selling Price by Community

Rank Community Average Price
1 Brunello Estates $806,095
2 Tantallon $712,450
3 Halifax $690,812
4 Boutiliers Point $671,155
5 Dartmouth $663,043
6 Black Point $644,900
7 Enfield $634,950
8 Spryfield $625,817
9 Eastern Passage $592,722
10 Stewiacke $359,900

Price Per SqFt by Community

Rank Community Price/SqFt
1 Stewiacke $401.67
2 Black Point $316.75
3 Dartmouth $312.98
4 Brunello Estates $309.00
5 Spryfield $301.62
6 Tantallon $295.62
7 Halifax $291.12
8 Eastern Passage $286.64
9 Enfield $280.64
10 Boutiliers Point $227.34

Authored by Sandra Pike, REALTOR®

The Pike Group, Royal LePage Atlantic
One of Halifax's Top Resale Listing Agents Since 2016
Data-Driven Market Insights and Real Estate Commentary

Chairmans

Chairmans

Ranked in the Top 1% of Royal LePage agents across Canada every year since 2017.

Top 10 Team

Top 10 Team Awards

A Royal LePage Top 10 Team Award recipient in Atlantic Canada every year since 2017.

Sandra Pike best of halifax

Sandra Pike best of halifax

Recognized in The Coast’s 2023 Best of Halifax Readers’ Choice Awards

Top Choice Award

Top Choice Awards

Seven-time Top Choice Award recipient, recognized for excellence in Halifax real estate.

Three Best Rated

Three Best Rated

A long-standing ThreeBestRated recipient, recognized for excellence in Halifax real estate since 2016

Consumer Choice

Consumer Choice

A four-time Consumer Choice Award Winner for Best REALTOR in Halifax.

Quality Business

Quality Business Award

2026 Quality Business Award winner, recognized for outstanding client service and business excellence.

Sandra Pike Senior Specialist

Sandra Pike Senior Specialist

Seniors Real Estate Specialist since 2021, with specialized training to help clients aged 50+ navigate downsizing, lifestyle changes, and real estate transitions.

Sandra Pike luxury specialist

Sandra Pike luxury specialist

Certified Luxury Home Marketing Specialist™ since 2021, with specialized training and proven experience in marketing upper-tier homes.

Listing Specialist

Listing Specialist

Accredited Listing Specialist since 2024, with specialized training in pricing, positioning, and marketing homes for sale.

Divorce Coach

Divorce Coach

Completed divorce-focused real estate training in 2024 to help clients navigate separation, property decisions, and home sales with clarity and care.

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