The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty
Halifax (HRM) Residential Statistic Update for the Week of July 20th - July 27th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 305 (322, 360, 302, 319) *294
Sold: 167 (162, 164, 146, 168) *156
Sale To Listing Ratio: 55% (50%, 46%, 48%, 53%) *53%
Price Changes: 197 (233, 229, 189, 273) *247
Listings that went conditional/pending: 194 (160, 186, 176, 198) *179
Expired/Cancelled/Withdrawn: 115 (119, 114, 257, 151) *118
Total Active Halifax/Dartmouth Inventory: 4,884 (4,894, 4,868, 4,825, 4,905) *5,519
Absorption Rate in weeks: 30 (30, 27, 26, 25) *39
Single Family Home Stats
Active Single Family Home: 2,999 (3,010, 2,998, 2,957, 2,869) *3,637
Average Single Family Home List Price: $299,507 ($324k,$310k,$286k,$308k) *$335k
Average Single Family Home Selling Price: $286,647 ($314k,$302k,$276k,$298k) *$319k
Single Family Home Sale to List Ratio This Week: 96% (97%, 98%, 97%, 97%) *95%
Median Single Family Home List Price (6 mo): $279,000 ($279k,$275k,$275k,$280k)*$280k
Median Single Family Home Sold Price (6 mo): $270,000 ($279k,$270k,$270k,$270k)*$275k
Average Days on Market Single Family Home: 74 (68, 77, 85, 69) *86
Active Condos: 473 (479, 485, 476, 485) *504
Average Condo Listing Price: $236,912 ($261k, $270k, $245k, $280k) *$235k
Average Condo Selling Price: $226,915 ($257k, $261k, $232k, $270k) *$227k
Condo Sale to List Ratio This Week: 96% (98%, 97%, 95%, 96%) 97%
Median Condo List Price (6 mo): $234,900 ($235k, $234k, $230k, $229k) *$229k
Median Condo Sold Price (6 mo): $225,000 ($225k, $223k, $220k, $220k) *$225k
Average Days on Market Condos: 66 (65, 114, 103, 81, 91) *86
Active Vacant Lots: 1,176 (1,156, 1,156, 1,159, 1,165) *1,095
Looks like the we aren't quite done with that hot Spring market just yet! Although there has been less activity over the past few weeks, the activity reported is no less significant than that of the previous weeks reports. This week is no exemption from the trend, although it is a bit more obvious than the last couple of weeks that the hot market has returned. Reports where almost pointing to a sliding scale back to the side of normalcy, but the numbers this week are proving anything but. Although, the half of the year that we have checked in the box has set its own trend, which may make these reports seem normal. I still think there are a lot of folks behind the times when it comes to market trends, which is quite normal I would say, since the average person has no real need to engage the information unless they are involved in the market in someway, or have an interest in the subject matter. In 2012/13 people where quite taken back to here me say that the market was quite a challenge to sell in, maybe since the years leading up to 2011/12 were good market years. And so true is today, where many people are a bit over zealous based on the "buyers market" that has loomed over the market since, not realizing how quickly the tables turn. In any case, you can always stop by here to get a feel for whats happening out there in the Halifax real estate market, and I thank you for stopping by!
The Weekly Adogtable!
Meadow is as peaceful as her name suggests. Her eyes are certainly an expression of her gentle soul! She enjoys gentle walks, good company and taking naps. If you enjoy these things as well, she will be a great addition to your family.
Besides a quiet home, Meadow would be good with children and does not seem to mind cats. She would prefer to be the only dog though!
This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about her, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE
LET ME HELP YOU OUT
Have a question about the Halifax Real Estate market? Thinking this might be the time to purchase or list your property? I can provide you with a complimentary comparative market analysis or you can 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 contact me with questions or comments. Follow me on Twitter to keep up to the minute with all things Halifax real estate @HalifaxRealEst and friend me on Facebook and Google+ :) Please note that these opinions and comments are solely mine and mine alone. Don't forget to bookmark my page, and visit often!
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Newest Blog post HERE
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