Halifax (HRM) Residential Market Statistic Update For Week of August 22nd to August 29th 2013
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 382 (365, 460, 431, 441) *388
Sold: 145 (135, 125, 124, 148) *146
Sale To List Ratio: 38% (37%, 27%, 29%, 34%) *38%
Expired/Cancelled/Withdrawn: 136 (123, 126, 118, 294) *81
Total Active Halifax/Dartmouth Inventory: 5,478 (5,520, 5,544, 5,507, 5,486)
Active Single Family Home: 3,594 (3,622, 3,658, 3,643, 3,643) *3,033
Average Single Family Home List Price: $294,462 ($287,645, $296,009, $328,441, $308,613) *302k
Average Single Family Home Selling Price: $291,877 ($280,777, $287,897, $312,078, $294,715)*292k
Average Days On Market Single Family Home: 98 (112, 105, 106, 103) *81
Active Condos: 411 (430, 443, 443, 436) *277
Average Condo Listing Price: $270,364 ($258,454, $262,771, $298,465, $322,600) *276k
Average Condo Selling Price: $264,664 ($253,809, $235,532, $291,665, $310,653) *275k
Average Days On Market Condos: 104 (110, 85, 109, 75) *309
Halifax/Dartmouth Absorption Rate (weeks): 44 (44, 41, 40, 43) *37
As the supposed hottest month of the year (weather wise anyways) comes to a close, the anticipation of a summer market recovery looks more and more unlikely. The market this week looks very familiar, that's because the numbers are strikingly similar to this time last year, and we all know what happened at this time last year. For the second week in a row, new listing additions remain under the 300 mark and sales creep towards mediocre. Single family home and condo values are holding steady as well, with marginal decrease over the past few weeks it's almost as if overall price is reducing. Prices have remained in line with last years values over the past few weeks, and it will be interesting to see what impact it will have on the monthly report.
The monthly statistics wrap up for August 2013 will be posted on the 1st of September. Thanks for stopping by!
The feature aDOGtable this week is Milo. Milo made his way from Montreal to Nova Scotia to start a new life. He is a sweet, gentle boy. Gets along great with other dogs, not a fan of cats though. Great in the car and knows basic commands in English and French! Needs a little work on the leash but all in all a great dog. He will love your furever if you make him your boy.
He is currently being cared for by East Coast German Shepherd Rescue from Dartmouth, a non-profit rescue organization.
Details about this fella and others ready for a "furever" home including how to adopt, other dogs for adoption and ways to donate, can be found by clicking the picture :) Thank you for your consideration!
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