Halifax (HRM) Residential Market Statistic Update For Week of Dec 27th to Jan 5th 2013
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 206 (85, 201, 274, 306) *375
Sold: 49 (42, 89, 74, 88) *68
Sale to List Ratio: 24% (49%, 44%, 27%, 29%) *18%
Expired/Cancelled/Withdrawn: 453 (87, 152, 126, 307) *450
Active Single Family Home: 2264 (2472, 2515, 2629, 2660) *2070
Average Single Family Home List Price: $312,035 ($280,515, $325,183, $285,434, $279,346) *295k
Average Single Family Home Selling Price: $302,069 ($273,624, $310,464, $277,393, $271,248) *283k
Average Days on Market Single Family Home: 89 (131, 120, 101, 78) *119
Active Condos: 241 (247, 251, 259, 264) *242
Average Condo Listing Price: $514,900 ($188,140, $193,105, $299,755, $360,825) *248k
Average Condo Selling Price: $497,826 ($181,550, $187,266, $288,211, $343,383) *237k
Average Days on Market Condos: 608 (55, 51, 149, 50) *172
*Halifax/Dartmouth Absorption Rate (weeks): 59.7 (56.5, 48.3, 47.1, 46.5)
ITS ANOMALY WEEK! The stats are a little out of sorts this week with a few factors contributing. End of the year brought in an extraordinarily large amount of expired listings. Much like the end of the month expire/re-list song and dance that I have talked about in previous posts, but this one is on a much larger scale. Not much detail to go into this week, I mean look at the condo stats, totally warped by the three sold properties this week. Thats almost Vancouver prices! (ya right). So we will take the mulligan this week in hopes that next week returns to normal. Make sure to check out the December monthly statistics wrap up by scrolling down. Thanks for stopping by!
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 property appraisal 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 :)
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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..
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