Executive Summary

Fairview, a compact and centrally located neighbourhood prized for its proximity to downtown Halifax and major roadways, recorded 60 single-family listings in the analysis period, with 42 properties successfully closing at an average sale price of $502,247. The district demonstrates buyer-favourable conditions, with 66.7% of sales closing below asking price and a median days-on-market of 19 days.

The market shows concentrated activity in the $400K–$600K range, capturing 81% of all sales—reflecting Fairview's appeal to first-time buyers, downsizers, and investors. Failed listings—comprising 3 expired and 11 cancelled properties—reveal pricing challenges particularly above $500,000, though notably four properties successfully transacted after strategic repositioning, demonstrating the market's capacity to absorb inventory at corrected price points.

Listing Status Distribution

The market activity breakdown reveals solid absorption, with 70% of listed properties successfully closing. However, the 23.3% failure rate (expired and cancelled combined) indicates meaningful pricing sensitivity—particularly in upper price brackets where buyers exercise greater selectivity.

Pricing Performance Analysis

Fairview operates as a buyer's market, with two-thirds of closed transactions settling below list price. Properties that sold under asking averaged discounts of $18,332, while the 28.6% that achieved premiums saw average gains of $38,591. The overall list-to-sold ratio of 100.2% masks significant variance—sellers with competitive initial pricing captured premiums, while overpriced properties required meaningful concessions.

Metric	Value
Average List-to-Sold Ratio	100.2%
Original-to-Sold Ratio	98.1%
Properties Requiring Price Reductions	16 (38%)
Average Price Reduction (for reduced listings)	$39,019

Price Segment Analysis

Demand concentrates heavily in the $400K–$600K range, which captured 81% of all closed sales. Entry-level inventory under $400K moves quickly but remains scarce. Upper-bracket properties ($600K+) face extended marketing periods and heightened buyer scrutiny.

Price Segment	Sales	Avg Price	Avg DOM
Under $400,000	4	$337,000	18 days
$400,000 – $500,000	18	$451,544	16 days
$500,000 – $600,000	16	$546,787	36 days
$600,000 – $750,000	3	$706,667	76 days
$750,000+	1	$750,000	62 days

Market Velocity & Value Metrics

Highest Sale

The district's top transaction illustrates the extended timeline and pricing flexibility required for upper-segment properties in Fairview.

Metric	Value
Selling Price	$750,000
Original List Price	$789,000
Final List Price	$769,000
Total Reduction from Original	−$39,000 (4.9%)
Days on Market	62 days
Finished Square Feet	2,600 sqft

Street-Level Performance

Ten streets recorded multiple transactions, providing meaningful pricing benchmarks across Fairview's key corridors. Sunnybrae Avenue leads with the highest average prices, while Rosedale Avenue dominates transaction volume.

Expired Listings Analysis

Three properties expired without selling, collectively spending an average of 108 days on market. These listings reveal pricing thresholds buyers rejected, though notably one has since successfully transacted after relisting.

Cancelled Listings Analysis

Eleven listings were cancelled by sellers, representing strategic withdrawals to reassess pricing or timing. Notably, four of these properties have since successfully transacted after repositioning—providing valuable market intelligence on clearing prices.

Cancelled Properties That Eventually Sold

Currently Inactive Cancelled Listings

Street	Original	Final	Reduction	DOM
Birch Street	$350,000	$350,000	—	49
Ashdale Avenue	$399,900	$399,900	—	73
Melrose Avenue	$549,900	$499,000	−9.3%	96
Rosedale Avenue	$575,000	$575,000	—	4
Plymouth Street	$649,900	$649,900	—	32
Frederick Avenue	$725,000	$684,000	−5.7%	105
Central Avenue*	$720,000	$689,000	−4.3%	124

*Central Avenue property cancelled twice across two listing periods, accumulating 124 combined days on market.

Current Active Inventory

Two properties remain available, representing distinct market segments. Both carry extended days-on-market, suggesting pricing or property-specific challenges.

Street	Current Price	$/SqFt	DOM	SqFt
Central Avenue	$659,900	$224	73	2,940
Westerwald Street	$1,375,000	$938	114	1,466

The Westerwald Street property at $1,375,000 represents a significant outlier—pricing at $938/sqft against a district average of $304/sqft. At 114 DOM without reduction, this listing faces substantial market headwinds given Fairview's established price ceilings.

Conditional Sales

Two properties are currently pending under conditional contracts:

Street	List Price	Firm Date	DOM
Adelaide Avenue	$389,900	January 16, 2026	44
Sunnybrae Avenue	$595,000	January 15, 2026	36

Strategic Takeaways

For Sellers

Fairview rewards strategic pricing—particularly within the $400K–$500K sweet spot where properties sell fastest (16 days average) and occasionally attract competitive offers. Above $500K, sellers should anticipate extended marketing periods and budget for potential price adjustments averaging $39,000.

The data shows properties priced correctly from the start sell in 16 days; those requiring reductions average 52 days. Failed listings that successfully relisted required 15–20% price corrections to find buyers—suggesting initial pricing accuracy is critical in this buyer-conscious market.

For Buyers

Fairview offers strong value for entry-level and mid-market purchasers, with 81% of sales occurring between $400K–$600K. The buyer-favourable conditions mean two-thirds of transactions close below asking—presenting negotiating opportunities, particularly on properties with extended days-on-market.

For those seeking larger homes or higher-end finishes, the $600K+ segment offers negotiating leverage: sellers in this bracket face 76+ days on market and may be receptive to offers. Track cancelled listings—several have returned at significantly reduced prices and transacted quickly.