New Listings: 507 (544, 513, 520, 563)
Sold: 195 (183, 194, 193, 199)
Sale to List Ratio: 39% (34%, 38%, 37%, 35%)
Expired/Cancelled/Withdrawn: 87 (162, 130, 104, 65)
Active Single Family Home: 2982 (2962, 2924, 2964, 2950)
Average Single Family Home List Price: $291,325 ($271,865, $311,580, $291,706, $296,277)
Average Single Family Home Selling Price: $285,079 ($265,392, $303,709, $286,217, $288,607)
Average Days on Market Single Family Home: 79 (78, 73, 76, 79)
Active Condos: 259 (261, 263, 256, 252)
Average Condo Listing Price: $276,180 ($256,640, $246,963, $256,963, $284,242)
Average Condo Selling Price: $267,952 ($226,373, $237,642, $237,642, $280,175)
Average Days on Market Condos: 37 (80, 57, 123, 84)
*Halifax/Dartmouth Absorption Rate (weeks): 25.5 (25.3, 22, 25.5)
Condos make a pretty impressive showing with the "days on market" statistic. 37 days on average from list to sold is an amazing feat to accomplish in any market! Granted only 18 condos sold last week but they sold REALLY FAST! Other then that little blip on the radar, the Halifax real estate market kept consistency with the last month in regards to performance. Buzz is starting to be generated around market activity and I can personally attest to the upswing in activity in the last couple of weeks. Now to see if market mood will remain consistent or become another false crest on the way to our market destination...
Things are really heating up in the Halifax real estate market. If you have any questions about the current market conditions of your neighbourhood feel free to CONTACT ME at your convenience. Need real estate advice or a free home appraisal to see where you stand in the market? Click HERE to have your questions answered. And don't forget, if you are considering BUYING or SELLING your property, why not get the most advanced and cutting edge marketing system that was developed by yours truly. Follow me on Twitter to have instant Halifax real estate updates, friend me on Facebook and subscribe to my new "Halifax real estate chronicle daily edition" by clicking on the links in the right hand column!
Newest blog post HERE
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