The Halifax Real Estate Blog Weekly Market Rabnt and Statistics Update by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of May June 4th - June 11th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New or Back to Market Listings: 479 (707, 606, 654, 665) *578
Sold: 183 (186, 132, 167, 160) *168
Sale To Listing Ratio: 38% (26%, 22%, 25%, 24%) *29%
Price Changes: 388
Listings that went conditional/pending: 193 (217, 186, 176, 150, 174) *162
Expired/Cancelled/Withdrawn: 128 (96, 132, 164, 174) *106
Total Active Halifax/Dartmouth Inventory: 5,691 (5,650, 5,486, 5,337, 5,205) *5,676
Active Single Family Home: 3,971 (3,826, 3,718, 3,610, 3,491) 3,861
Average Single Family Home List Price: $326,483 ($306k, $337k, $295k, $291k) $300k
Average Single Family Home Selling Price: $296,029 ($293k, $328k, $286k) $292k
Single Family Home Sale to List Ratio This Week: 91% (96%, 98%, 97%, 96%)
Median Single Family Home List Price (YTD): $259,000
Median Single Family Home Sold Price (YTD): $249,000
Average Days on Market Single Family Home: 104 (115, 120, 110, 100) *104
Active Condos: 518 (565, 563, 556, 463) *562
Average Condo Listing Price: $255,114 ($256k, $256k, $260k, $257k) *$252k
Average Condo Selling Price: $250,642 ($249k, $248k, $256k, $250k) *$244k
Condo Sale to List Ratio This Week: 98% (98%, 97%, 98%, 97%)
Median Condo List Price: $234,900
Median Condo Sold Price: $225,000
Average Days on Market Condos: 96 (144, 140, 140, 90) *69
Absorption Rate in weeks: 34 (35, 46, 46, 47)
Active Vacant Lots: 928 (941, 888, 864, 854) *928
And we're back!! Although we took a mulligan last week due to technical difficulties, the stats, and blog have persevered. Things are still being worked out I'm sure and every aspect is being meticulously monitored as we migrate. As you will see, some new stats have arrived to the blog! You will now find the overall price changes across all currently active inventory, along with condo and single family home year to date median prices. The median prices are especially helpful to gauge value over a larger span of time, rather than the highs and lows of seven days. Rest assured that the blog will keep pressing to give you the latest and greatest happenings in the market now, and in the future. Thank you for your support, and for stopping by!
THE WEEKLY ADOGTABLE
Hi everyone, I'm Sugar and I was given this name because it best describes my temperament. I'm all about the love and cuddles, I enjoy walks and car rides. I just am not a fan of cats maybe it's because Im part rottie and hound. I am very happy , healthy , fully vetted but life was real hard for me before Good bones but Im moving on to better things. I would love to have a home . Right now I'm fostered with lots of dogs and I'm loved and cared for but ,I would like to have my own bed, my own people and a stress free life where I'm the focus . Is this with you?
Very obedient, Sweet calm temperament and bilingual. Likes kids but has not been raised with them, no cats okay with dogs but would love to be the only dog with a fenced in yard to come in and out of and sniff. She would love a calm home where she can lay at your feet.
This "Girly girl" is available through Good Bones Dog Rescue, a non profit rescue organization from Dartmouth, 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 property 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.
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!
Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.
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