Halifax (HRM) Residential Market Statistic Update For Week of July 18th July 25th 2013
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 459 (544, 499, 554, 497) *434
Sold: 164 (153, 130, 127, 156) *162
Sale To List Ratio: 36% (28%, 26%, 23%, 31%) *37%
Expired/Cancelled/Withdrawn: 130 (117, 103, 260, 111) *70
Total Active Halifax/Dartmouth Inventory: 5,648 (5,648, 5,556, 5,526, 5,526)
Active Single Family Home: 3,712 (3,724, 3,671, 3,635, 3,693) *2979
Average Single Family Home List Price: $305,097 ($285,954, $286,137, $297,740, $295,303) *277k
Average Single Family Home Selling Price: $295,748 ($274,839, $275,133, $288,192, $285,878)*271k
Average Days On Market Single Family Home: 99 (79, 102, 80, 82) *93
Active Condos: 445 (442, 445, 451, 447) *260
Average Condo Listing Price: $333,495 ($301,963, $289,425, $280,050, $273,871) *198k
Average Condo Selling Price: $320,961 ($288,279, $281,285, $271,566, $267,032) *192k
Average Days On Market Condos: 75 (109, 60, 85, 88) *50
Halifax/Dartmouth Absorption Rate (weeks): 43 (43, 38, 38, 36) *27
No, I didn't forget to change the stat figures this week, for the first time in blog history the total inventory numbers stayed exactly the same! Does that mean absolutely no activity occurred this week? No, but somehow market ebb and flow had a perfect balance of inventory gain and loss. Sales to list ratio gained ten points this week but failed to change the absorption rate figure which is an amazing 16 weeks, or 4 months more then this time last year. Single family home prices remain strangely high as we finish out a week of sales that have actually performed stronger then last year. I'm anxious to report the July stats to see how we did. So make sure to come back next Thursday to check it out! Thanks for stopping by!
A new addition to the blog is "adoptable's of the week". This week features Pit Project Rescue (a non-profit organization) and a batch of their rescued puppies that will be ready for adoption soon. Details and more info can be found by clicking the picture :)
Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!
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 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 and Google+ :) Please note that these opinions and comments are solely mine and mine alone.
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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