Halifax (HRM) Residential Market Statistic Update For Week of June 21st to June 28th 2012
New Listings: 488 (511, 507, 544, 513)
Sold: 186 (206, 195, 183, 194)
Sale to List Ratio: 38% (40%, 39%, 34%, 38%)
Expired/Cancelled/Withdrawn: 81 (114, 87, 162, 130)
Active Single Family Home: 2997 (2968, 2982, 2962, 2924)
Average Single Family Home List Price: $292,136 ($290,506, $291,325, $271,865, $311,580)
Average Single Family Home Selling Price: $284,278 ($284,057, $285,079, $265,392, $303,709)
Average Days on Market Single Family Home: 69 (92, 79, 78, 73)
Active Condos: 265 (267, 259, 261, 263)
Average Condo Listing Price: $243,605 ($281,089, $276,180, $256,640, $246,963)
Average Condo Selling Price: $233,500 ($265,200, $267,952, $226,373, $237,642)
Average Days on Market Condos: 91 (101, 37, 80, 57)
*Halifax/Dartmouth Absorption Rate (weeks): 25.5 (25, 25.5, 25.3, 22)
Thats right! We are so close to finally tipping over the 3000 mark in single family home volume, I'm offering a free, full service listing if you list with me and your listing becomes 3000! Needless to say the inventory count this year, or lack thereof, has had a few people stumped with finding that "perfect fit" with available property. Combine the lack of availability with fast selling properties and ideal properties with over inflated listing prices, you get a bunch of frustrated, would be property buyers kicking the dirt. But have no fear buyers! With my listing contest I'm sure to poke some sellers out of the bushes and onto the market. Buyers, comment below on what area(s) and specifications you are looking for. Sellers, read the comments and contact me if you fit the description and would consider selling. Lets get this thing viral! tweet me, Facebook me, foursquare me (well that one doesn't really apply but you get my drift). Lets get the Halifax single family home inventory over 3000 for all you buyers out there!!!
Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? Contact me to advise you on your best plan of action for your real estate transaction and get the most advanced real estate system working for you. Feel free to leave a public comment or question below. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst
*All offerings are solely of Jeremiah Wallace and cannot be transferred, redeemed or validated by any member, employee or affiliate of his representing brokerage. Administration fee may apply.
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah