Halifax (HRM) Residential Market Statistic Update For Week of August 23rd to August 30th 2012
(Previous weeks numbers in brackets)
New Listings: 388 (425, 464, 436, 459)
Sold: 146 (130, 139, 120, 126)
Sale to List Ratio: 38% (31%, 30%, 28%, 28%)
Expired/Cancelled/Withdrawn: 81 (101, 110, 105, 206)
Active Single Family Home: 3033 (3013, 3002, 2981, 2958)
Average Single Family Home List Price: $301,968 ($307,707, $282,947, $289,389, $298,974)
Average Single Family Home Selling Price: $291,807 ($299,275, $274,227, $282,448, $292,142)
Average Days on Market Single Family Home: 81 (96, 90, 76, 94)
Active Condos: 277 (275, 263, 265, 260)
Average Condo Listing Price: $276,345 ($280,973, $270,952, $267,268, $240,071)
Average Condo Selling Price: $274,776 ($273,296, $265,170, $259,100, $232,169)
Average Days on Market Condos: 309 (126, 142, 50, 49)
*Halifax/Dartmouth Absorption Rate (weeks): 37 (38.8, 35.8, 31.5, 28.1)
Here it comes, are you ready? The secret time to sell your home is just around the corner and the stats this week may be a small indication of things to come. New listing additions are slightly down however, sold listings improved this week which spiked the sales to list ratio by 7 points. Not a bad comeback. Average SFH and Condo values remain stronger than ever with SFH price coming in over the 300k mark for the second week in a row for the first time this year. Lots of buzz and busyness this week, which I can personally attest too, from out of town clients digging for more information on the Halifax Residential and Multi-Residential market (which you can find here) and looking for their chance to get in on the market. I still think the best is yet to come this year with the fall market quickly approaching and general market attitude improving. Whats your thoughts? Make sure to come back on September 1st for the August monthly residential wrap up and check in frequently to catch all the latest and greatest housing information and news. 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 :)
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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