Stats from the Nova Scotia Association of REALTORS® (NSAR)
Halifax Quinpool South Single-Family Market Report
District 2 — Peninsula South End & Northwest Arm | 2025 Market Analysis
Executive Summary
Halifax Quinpool South, encompassing the southern portion of the Halifax Peninsula, recorded 105 single-family listings in the analysis period, with 70 properties successfully closing at an average sale price of $1,356,559. This premium district—known for walkability, mature streetscapes, proximity to universities and hospitals, and coveted access to the Northwest Arm—demonstrates distinct market dynamics across its three sub-districts.
The market exhibits pronounced buyer leverage, with 77.1% of sales closing below asking price at an average discount of $100,329. Only 15.7% of transactions achieved premiums above list. Sub-district 2-B (Quinpool Road to Northwest Arm) leads performance with an 80% success rate and median 8 days on market, while Sub-district 2-C (South End luxury corridor) faces notable headwinds with a 55.1% success rate and substantial inventory of expired and cancelled listings.
Total Listings
105
single-family homes
Closed Sales
70
66.7% success rate
Average Sold Price
$1,356,559
median: $1,240,000
Median DOM
16
days on market
Sub-District Geography
Halifax Quinpool South comprises three distinct sub-districts, each with unique market characteristics and buyer demographics:
Sub-District 2-A: Cogswell to Robie Corridor
Bounded by Cogswell Street, Halifax Harbour, Inglis Street, and Robie Street. Features a mix of heritage properties and institutional adjacencies near universities and hospitals.
Sub-District 2-B: Quinpool–Northwest Arm
Bounded by Quinpool Road, Robie Street, South Street, and the Northwest Arm. Characterized by established family neighbourhoods with strong walkability scores and consistent demand.
Sub-District 2-C: South End Premium Corridor
Bounded by South Street, Inglis Street, the Northwest Arm, and Halifax Harbour. The district's luxury enclave featuring waterfront access, heritage estates, and the highest price points.
Listing Status Distribution
The 22.9% combined failure rate (expired and cancelled) signals significant pricing sensitivity, particularly in upper brackets. With 9 properties remaining active and 1 conditional, the district maintains moderate absorption capacity heading into 2026.
70
Sold
9
Active
13
Expired
11
Cancelled
1
Conditional
1
Withdrawn
Pricing Performance Analysis
Halifax Quinpool South operates as a decidedly buyer's market. Over three-quarters of transactions closed below list price, with an average discount exceeding $100,000. The overall list-to-sold ratio of 96.2% reflects meaningful price negotiation across all segments—a stark contrast to the seller-favourable conditions seen in some surrounding districts.
Sold Over Asking
15.7%
11 sales | Avg premium: +$46,591
Sold At Asking
7.1%
5 sales | Exact list price
Sold Under Asking
77.1%
54 sales | Avg discount: −$100,329
| Metric | Value |
|---|---|
| Average List-to-Sold Ratio | 96.2% |
| Properties with Price Reductions | 19 |
| Average Price Reduction (for reduced listings) | $112,526 |
| Average Price Per Square Foot | $500.36 |
Key Insight
The 77% below-asking rate signals a fundamental market correction from peak conditions. Sellers who priced aggressively from the outset—particularly in the $1M–$1.5M sweet spot—achieved faster sales, while aspirational pricing led to extended market exposure and cumulative reductions averaging $112,526.
Sub-District Performance Analysis
Market dynamics vary dramatically across the three sub-districts. Sub-district 2-B demonstrates the healthiest absorption, while 2-C faces significant challenges in the luxury segment with nearly half of listings failing to transact.
Sub-District 2-A: Cogswell to Robie Corridor
Total Listings
21
20% of district
Closed Sales
15
71.4% success rate
Average Sold Price
$1,085,204
median: $1,040,000
Median DOM
11
avg: 33 days
Sub-district 2-A offers the district's most accessible entry point with a median price of $1,040,000. The 71.4% success rate and 11-day median DOM reflect steady demand from buyers seeking proximity to downtown amenities without luxury-tier pricing.
Sub-District 2-B: Quinpool–Northwest Arm
Total Listings
35
33% of district
Closed Sales
28
80.0% success rate
Average Sold Price
$1,208,501
median: $1,227,500
Median DOM
8
avg: 26 days
The district's strongest performer with an 80% success rate and remarkably efficient 8-day median DOM. Established family neighbourhoods between Quinpool Road and the Northwest Arm command a premium for walkability and lifestyle amenities. Average price per square foot of $517.26 reflects consistent demand.
Sub-District 2-C: South End Premium Corridor
Total Listings
49
47% of district
Closed Sales
27
55.1% success rate
Average Sold Price
$1,660,854
median: $1,425,000
Median DOM
34
avg: 49 days
Luxury Segment Under Pressure
With 9 of 13 district-wide expired listings and 7 of 11 cancelled listings originating from Sub-district 2-C, the South End luxury corridor faces pronounced buyer resistance. Properties above $2M are particularly challenged, requiring strategic pricing adjustments to transact.
| Sub-District | Sales | Success Rate | Avg Price | Median DOM | Avg $/SqFt |
|---|---|---|---|---|---|
| 2-A (Cogswell–Robie) | 15 | 71.4% | $1,085,204 | 11 days | $413 |
| 2-B (Quinpool–NW Arm) | 28 | 80.0% | $1,208,501 | 8 days | $517 |
| 2-C (South End) | 27 | 55.1% | $1,660,854 | 34 days | $531 |
Price Segment Analysis
Demand concentrates heavily in the $1M–$1.5M range, which captured 43% of all closed sales. The under-$1M segment—increasingly rare in this premium district—moves quickly with 40-day average DOM, while properties above $2M face extended market cycles exceeding 100 days.
| Price Segment | Sales | % of Total | Avg Price | Avg DOM |
|---|---|---|---|---|
| Under $1,000,000 | 20 | 28.6% | $839,225 | 40 days |
| $1,000,000 – $1,500,000 | 30 | 42.9% | $1,228,086 | 25 days |
| $1,500,000 – $2,000,000 | 14 | 20.0% | $1,726,064 | 26 days |
| $2,000,000 – $3,000,000 | 4 | 5.7% | $2,466,788 | 104 days |
| $3,000,000+ | 2 | 2.9% | $3,650,000 | 96 days |
Market Velocity Analysis
Well-priced properties move quickly—30% of sales closed within the first week. However, the 21% of transactions requiring 61–90 days signals substantial pricing recalibration mid-listing for many sellers.
Average Days on Market
36
Range: 0 – 179 days
Median Days on Market
16
Accurately priced homes sell fast
Average Price per SqFt
$500
Range: $217 – $1,231/sqft
Average Finished SqFt
2,885
Median: 2,537 sqft
| Days on Market | Sales | % of Total |
|---|---|---|
| 0–7 days | 21 | 30.0% |
| 8–30 days | 20 | 28.6% |
| 31–60 days | 9 | 12.9% |
| 61–90 days | 15 | 21.4% |
| 90+ days | 5 | 7.1% |
Highest Sales
The district's top transactions demonstrate both the premium potential and pricing complexities of Halifax's luxury single-family segment. Notably, all five highest sales required significant price corrections from original listings.
1
Young Avenue (2-C)
6,206 sqft | 12 DOM | $596.20/sqft | Originally $4,300,000
$3,700,000
2
Rockcliffe Street (2-C)
4,393 sqft | 179 DOM | $819.49/sqft | Originally $4,300,000
$3,600,000
3
Bloomingdale Terrace (2-C)
4,401 sqft | 84 DOM | $677.61/sqft | Originally $3,195,000
$2,982,150
4
Bloomingdale Terrace (2-C)
5,177 sqft | 85 DOM | $478.08/sqft | Originally $2,695,000
$2,475,000
5
Jubilee Road (2-B)
5,573 sqft | 129 DOM | $414.50/sqft | Originally $2,499,000
$2,310,000
Luxury Market Reality
The top sale on Young Avenue closed at $3,700,000—a $600,000 (14%) reduction from its original $4,300,000 asking price. This pattern repeats across all top transactions, underscoring that even the district's most desirable properties require realistic initial pricing to achieve market clearing.
Street-Level Performance
Streets with multiple transactions provide meaningful pricing benchmarks for these sought-after corridors.
1
Preston Street
6 sales | Range: $828,000 – $1,346,000
$1,117,617 avg
2
Young Avenue
4 sales | Range: $1,500,000 – $3,700,000
$2,312,500 avg
3
Henry Street
4 sales | Range: $1,070,000 – $1,775,000
$1,481,954 avg
4
Stanhope Street
2 sales | Range: $1,824,000 – $1,900,000
$1,862,000 avg
5
Bloomingdale Terrace
2 sales | Range: $2,475,000 – $2,982,150
$2,728,575 avg
Expired Listings Analysis
Thirteen properties expired without selling, collectively spending an average of 118 days on market. These listings—overwhelmingly concentrated in Sub-district 2-C's luxury segment—reveal pricing thresholds that buyers firmly rejected.
Cherry Street (2-B)
Original: $1,369,900 → Final: $1,369,900 (no reduction) | 62 DOM | 3,885 sqft
Success Story: Subsequently relisted and SOLD for $1,284,500 (6.2% below original)
Geldert Street (2-B)
Original: $1,850,000 → Final: $1,840,000 (0.5% reduction) | 91 DOM | 4,888 sqft
Success Story: Relisted at $1,740,000 and SOLD for $1,600,000 (13.5% below original)
Winwick Road (2-C)
Original: $2,750,000 → Final: $2,350,000 (14.5% reduction) | 96 DOM | 3,154 sqft
Multi-Attempt History: Expired again at $1,980,000, then SOLD for $1,850,000 (32.7% below original)
Young Avenue (2-C)
Original: $3,300,000 → Final: $3,300,000 (no reduction) | 172 DOM | 10,000 sqft
Success Story: Relisted with substantial reset, SOLD for $1,950,000 (40.9% below original)
Ridgewood Drive (2-C)
Original: $4,695,000 → Final: $4,695,000 (no reduction) | 91 + 118 DOM (two attempts)
McCulloch Court (2-A)
Original: $4,950,000 → Final: $4,950,000 (no reduction) | 112 DOM | 5,708 sqft
South Street (2-C)
Original: $5,200,000 → Final: $4,995,000 (3.9% reduction) | 280 DOM | 5,047 sqft
Currently: Relisted and ACTIVE at $4,995,000 (36 DOM as of report date)
What Expired Listings Reveal
Ten of thirteen expired listings were priced above $1.8M, with the majority showing minimal or no price reductions despite extended market exposure. The Winwick Road saga—requiring a 32.7% cumulative correction across multiple attempts to finally transact—exemplifies the gap between seller expectations and buyer tolerance in the luxury segment.
Cancelled Listings Analysis
Eleven listings were cancelled by sellers, representing strategic withdrawals to reassess pricing or timing. Tracking these properties provides insight into eventual market clearing prices.
Dresden Row (2-A)
Original: $1,070,000 → Final: $1,070,000 | 6 DOM | 1,800 sqft
Quick Success: Relisted and SOLD for $1,040,000 within 10 days (2.8% below asking)
Quinpool Road (2-B)
Three listing attempts: $1,300,000 → $1,250,000 → $1,199,000 | Combined 180+ DOM | 3,676 sqft
Persistence Pays: Finally SOLD for $1,075,000 at $1,175,000 list (17.3% below original)
Cherry Street (2-B)
Original: $1,399,900 → Final: $1,399,900 | 82 DOM | 3,885 sqft
McLean Street (2-C)
Original: $1,880,000 → Final: $1,750,000 (6.9% reduction) | 102 DOM | 2,370 sqft
Rockcliffe Street (2-C)
Original: $2,100,000 → Final: $2,100,000 | 107 DOM | 3,292 sqft
History: Previously expired at $2,225,000 (after listing at $2,295,000). Currently ACTIVE at $1,995,000.
Young Avenue (2-C)
Original: $4,500,000 → Final: $4,500,000 | 52 DOM | 6,206 sqft
Success Story: Relisted at $4,300,000 and SOLD for $3,700,000 (17.8% below original)
Belmont on the Arm (2-C)
Original: $4,250,000 → Final: $4,250,000 | 50 DOM | 4,545 sqft
Lessons from Cancelled Listings
The Quinpool Road property illustrates the cost of overpricing: three listing attempts totaling 180+ days before finally transacting at 17.3% below the original asking price. Properties that cancelled and successfully relisted typically required 15–20% price corrections to attract buyers.
Current Active Inventory
Nine properties remain available, concentrated in Sub-district 2-C's luxury segment. Extended days on market and substantial price reductions across most active listings suggest further adjustments may be required.
| Street | Current Price | Reduction | DOM | SqFt |
|---|---|---|---|---|
| Dalhousie Street (2-C) | $1,800,000 | — | 105 | 3,260 |
| Rockcliffe Street (2-C) | $1,995,000 | — | 64 | 3,227 |
| Inglewood Drive (2-C) | $1,999,000 | — | 92 | 3,494 |
| Young Avenue (2-A) | $2,295,000 | −$100,000 (4.2%) | 165 | 4,005 |
| Young Avenue (2-A) | $2,395,000 | — | 79 | 4,394 |
| South Street (2-C) | $4,995,000 | — | 36 | 5,047 |
| Thornvale Avenue (2-B) | $5,995,000 | — | 228 | 9,452 |
| Rockcliffe Street (2-C) | $5,995,000 | −$400,000 (6.3%) | 290 | 5,921 |
| Rockcliffe Street (2-C) | $6,495,000 | −$495,000 (7.1%) | 123 | 5,184 |
The Rockcliffe Street property at 290 DOM represents the oldest active listing in the district. Despite a $400,000 reduction, it faces the compounding challenges of stale listing perception and ultra-luxury buyer hesitation.
Conditional Sale
One property is currently pending under conditional contract:
| Street | List Price | Firm Date | DOM |
|---|---|---|---|
| Edward Street (2-B) | $999,900 | January 21, 2026 | 24 |
Strategic Takeaways
For Sellers
Halifax Quinpool South demands realistic pricing from day one. With 77% of sales closing below asking and average discounts exceeding $100,000, aspirational pricing leads to extended market exposure and cumulative reductions. The data is clear: properties priced at market move in 8–16 days, while overpriced listings languish for months before eventual correction.
The $1M–$1.5M segment offers the strongest absorption at 43% of all sales. Sellers targeting the luxury segment above $2M should anticipate 100+ days on market and budget for 10–20% pricing adjustments based on comparable failed listing patterns.
Sub-district matters significantly: 2-B properties achieve 80% success rates with 8-day median DOM, while 2-C luxury listings face 55% odds of selling and 34-day median timelines.
For Buyers
This is a buyer's market with meaningful negotiating leverage across all price points. The 77% below-asking rate provides strong precedent for offers 5–10% below list, with deeper discounts available for properties with extended DOM.
Upper-segment buyers have particular advantage: active luxury inventory shows 100–290 days on market with multiple price reductions already absorbed. The expired and cancelled listing histories reveal seller flexibility—properties that failed at $4.5M have subsequently transacted at $3.7M, indicating room for substantial negotiation.
Opportunities exist across the district: entry-level buyers can find sub-$1M properties in 2-A with reasonable DOM, while luxury seekers in 2-C benefit from motivated sellers who've already invested months in failed marketing efforts.
Market Summary
Halifax Quinpool South's single-family market has shifted decisively toward buyers. The 16-day median DOM for successful sales masks a bifurcated reality: accurately priced properties in the $1M–$1.5M range sell efficiently, while the luxury segment above $2M struggles with 55% failure rates and 100+ day market cycles. For sellers, strategic initial pricing is non-negotiable. For buyers, the data supports confident negotiation across all segments.
