Halifax (HRM) Residential Market Statistic Update For Week of April 26th to May 3rd 2012
New Listings: 468 (519, 539, 463, 673)
Sold: 172 (199, 189, 149, 166)
Sale to List Ratio: 37% (38%, 35%, 32%, 25%)
Expired/Cancelled/Withdrawn: 187 (64, 77, 79, 167)
Active Single Family Home: 2823 (2850, 2796, 2742, 2670)
Average Single Family Home List Price: $294,469 ($285,936, $298,168, $294,434, $288,845)
Average Single Family Home Selling Price: $288,806 ($280,799, $294,101, $291,162, $281,360)
Average Days on Market Single Family Home: 67 (81, 75, 85, 96)
Active Condos: 226 (225, 223, 233, 249)
Average Condo Listing Price: $245,635 ($226,141, $273,494, $266,329, $248.003)
Average Condo Selling Price: $242,470 ($222,575, $268,400, $259,655, $243,167)
Average Days on Market Condos: 48 (133, 97, 152, 102)
Even with the beginning of the month renewed expired listings cycle, the sales to list ratio had a decent showing this week. Single family home inventory had its first reduction in inventory in weeks. This might be signs of improving weather to bring out buyers or a late start to the usually hot spring market. How about the days on market stats? Those are the lowest they have been all year. 14 Condo's sold this week and they sold on average of 48 days! So, condo's enjoy high demand and see there value ever improving and inventory is either reducing or only making marginal gains. Don't forget to scroll down and check out the April monthly wrap up and come back later this week as I will be posting the Multi-Residential monthly stats for all those interested.
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
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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