Christmas Edition of The Halifax Real Estate Blog Weekly Market Report and Statistics update (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of Dec 13th to Dec 20th 2012
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 201 (274, 306, 266, 317) *263
Sold: 89 (74, 88, 98, 108) *124
Sale to List Ratio: 44% (27%, 29%, 37%, 34%) *47%
Expired/Cancelled/Withdrawn: 152 (126, 307, 102, 115) *146
Active Single Family Home: 2515 (2629, 2660, 2809, 2808) *2326
Average Single Family Home List Price: $325,183 ($285,434, $279,346, $293,259, $313,721) *269k
Average Single Family Home Selling Price: $310,464 ($277,393, $271,248, $280,652, $301,240) *262k
Average Days on Market Single Family Home: 120 (101, 78, 97, 96) *96
Active Condos: 251 (259, 264, 269, 274) *263
Average Condo Listing Price: $193,105 ($299,755, $360,825, $270,911, $274,761) *251k
Average Condo Selling Price: $187,266 ($288,211, $343,383, $262,607, $263,769) *240k
Average Days on Market Condos: 51 (149, 50, 72, 69) *140
*Halifax/Dartmouth Absorption Rate (weeks): 48.3 (47.1, 46.5, 48.4, 40.5)
Looks like presents weren't the only things being shopped for this week. Hot on the heels of above average stats last week, this week continues the momentum over with some unexpected results. The sales to list ratio is higher then it has been in months which is thanks to a strong sales week and fewer new listing additions to the market. Even though new additions where smaller, sales up and a big number of expired listings came off the market, we still managed to gain a point on the absorption rate. Strange how things work sometimes. The other big stat of the week is the Single Family home sales. For only the second time this year both the average list and prices have hit over the $300,000 mark. This week is the largest average prices overall for the year so far, not really expected for the end of December. Stay tuned this week as the rumour mill has started again with regards to the Irving shipbuilding contract and will report when there is solid information.
Just wanted to take this opportunity to wish all of my clients, friends, family, peers and visitors to the blog a Merry Christmas and Happy Holidays! Also a special Happy Holidays to our armed forces at home and abroad and thanks for your service and dedication to the protection of this great country! There are many great charities that you can get involved with this holiday season. Everything counts towards making the holidays special for everyone so keep the spirit of giving alive!
Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary property appraisal or you can 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 and friend me on Facebook :)
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah