Halifax (HRM) Residential Market Statistic Update For Week of Sept 6th to Sept 13th 2012
(Previous weeks numbers in brackets) New Listings: 429 (378, 388, 425, 464) Sold: 143 (119, 146, 130, 139) Sale to List Ratio: 33% (31%, 38%, 31%, 30%) Expired/Cancelled/Withdrawn: 95 (258, 81, 101, 110) Active Single Family Home: 3010 (2988, 3033, 3013, 3002) Average Single Family Home List Price: $289,334 ($254,729, $301,968, $307,707, $282,947) Average Single Family Home Selling Price: $282,428 ($246,532, $291,807, $299,275, $274,227) Average Days on Market Single Family Home: 81 (77, 81, 96, 90) Active Condos: 285 (270, 277, 275, 263) Average Condo Listing Price: $227,835 ($247,715, $276,345, $280,973, $270,952) Average Condo Selling Price: $222,832 ($243,548, $274,776, $273,296, $265,170) Average Days on Market Condos: 141 (153, 309, 126, 142) *Halifax/Dartmouth Absorption Rate (weeks): 36.4 (36.3, 37, 38.8, 35.8) A little healthier turnout on the Halifax real estate market this week. New listings are still a little high for this time of year (369 this week last year) but the sales have also improved from this time last year (127 this week last year). The average single family home climbs back over the 3ooo mark and we witnessed a 2 point gain on the sales to list ratio. Single family home values have also made a come back this week coming in over 15k more then this time last year. So overall not a bad first true week of September on the market, but we could always use a good burst of sales to keep things interesting. That being said, the hot areas of town are still quite difficult to buy into at a reasonable price with availability and affordability in these areas becoming the bane of current market purchasers. I posted an update last week with regards to the progress being made with the defence side of the ship building contract, so it looks like we are full steam ahead. Lots of good feedback and a few great discussions on this topic last week and I'm hoping to keep the ball rolling. So here's the question of the week; How will the impact of the Irving ship building contract effect you? Public and private contact comments welcome. Thanks for stopping by! 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 and friend me on Facebook :) Newest blog post HERE Comments are closed.
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Jeremiah Wallace, CDJeremiah 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.. ListingsPhoto's by Jeremiah
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