Here are the numbers for the Multi-Residential Real Estate Market For October 2011
(Numbers in brackets represent prior months activity)
Currently Active listings on Market: 101 (109, 111, 114)
New Listings: 37 (21, 26, 26)
Sold: 16 (10, 8, 9)
Sales to List Ratio: 43% (48%, 31%, 35%)
Average Days on Market: 153 (51, 41, 81)
Average List Price: $411K ($404K, $342K, $360K)
Average Sold Price: $393K ($368K, $325K, $344K)
Just a quick snapshot of the Multi-Res inventory to begin tracking this market. I had mentioned on last weeks stats report that there was 12 properties under conditional/pending offers and that it might be interesting to see how this market develops in the future. Well, there is three more conditional/pending offers in as many days of my report. Colleagues and peers alike all agree that the interest in this type of property has spiked significantly since the "Ships Start Here" contract confirmation and I plan to follow this market in detail as things develop. These stats will now become a staple in the Halifax Real Estate Blog so check back frequently for updates. If you have a certain category of Real Estate statistic that you would like to know about, feel free to contact me any time. I will be submitting part 2 of this entry next Monday so be sure to follow up. Check back tomorrow as I will be reporting the October monthly residential stats and again on Thursday for the weekly update. Happy Halloween!!! Check Below for stat graphs of this interesting market.
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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