Halifax (HRM) Residential Market Statistic Update For Week of April 19th to April 26th 2012
New Listings: 519 (539, 463, 673, 552)
Sold: 199 (189, 149, 166, 155)
Sale to List Ratio: 38% (35%, 32%, 25%, 28%)
Expired/Cancelled/Withdrawn: 64 (77, 79, 167, 64)
Active Single Family Home: 2850 (2796, 2742, 2670, 2557)
Average Single Family Home List Price: $285,936 ($298,168, $294,434, $288,845, $288,847)
Average Single Family Home Selling Price: $280,799 ($294,101, $291,162, $281,360, $280,391)
Average Days on Market Single Family Home: 81 (75, 85, 96, 83)
Active Condos: 225 (223, 233, 249, 257)
Average Condo Listing Price: $226,141 ($273,494, $266,329, $248.003, $264,309)
Average Condo Selling Price: $222,575 ($268,400, $259,655, $243,167, $259,090)
Average Days on Market Condos: 133 (97, 152, 102, 120)
I jinxed it!! Last week I decided to boast about the condo stats and "how great they were doing" and "how they have been on a consecutive week down trend." Well, this week marks the end of that great streak, even if it WAS only an inventory gain of two. All in all the market appears to be in a healthy state of flux. Pockets of sellers markets can still be found in desired areas, mainly in Metro. The remaining market sits at a line between a balanced or a buyers trend. My prediction is set for a late summer/early fall market ramp up as we really start to see the influx of new and returning residents to begin with the ship building contract if there is to be a noticeable impact on our market. Only time and statistics will tell. Fortunately, I have you covered with all things Halifax real estate! Make sure to come back this week as both the April residential wrap up will be posted as well as the April multi-residential report.
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