The Halifax Real Estate Blog Weekly Market Rand and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
Halifax (HRM) Residential Statistic Update for the Week of July 6th - July 13th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 360 (302, 319, 329, 343) *302
Sold: 164 (146, 168, 239, 200) *139
Sale To Listing Ratio: 46% (48%, 53%, 73%, 58%) *46%
Price Changes: 229 (189, 273, 222, 228) *290
Listings that went conditional/pending: 186 (176, 198, 197, 245) *171
Expired/Cancelled/Withdrawn: 114 (257, 151, 111, 132) *105
Total Active Halifax/Dartmouth Inventory: 4,868 (4,825, 4,905, 4,932, 4,909) *5,495
Absorption Rate in weeks: 27 (26, 25, 24, 26) *37
Single Family Home Stats
Active Single Family Home: 2,998 (2,957, 2,869, 3,007, 3,024) *3,665
Average Single Family Home List Price: $309,690 ($286k,$308k,$311k,$292k) *$292k
Average Single Family Home Selling Price: $301,982 ($276k,$298k,$301k,$284k) *$282k
Single Family Home Sale to List Ratio This Week: 98% (97%, 97%, 97%, 97%) *97%
Median Single Family Home List Price (6 mo): $275,000 ($275k,$280k,$280k,$280k)*$275k
Median Single Family Home Sold Price (6 mo): $269,900 ($270k,$270k,$270k,$270k)*$268k
Average Days on Market Single Family Home: 77 (85, 69, 61, 75) *87
Active Condos: 485 (476, 485, 481, 482) *483
Average Condo Listing Price: $269,900 ($245k, $280k, $248k, $285k) *$278k
Average Condo Selling Price: $261,250 ($232k, $270k, $246k, $276k) *$269k
Condo Sale to List Ratio This Week: 97% (95%, 96%, 95%, 97%) 97%
Median Condo List Price (6 mo): $233,900 ($230k, $229k, $229k, $230k) *$230k
Median Condo Sold Price (6 mo): $222,900 ($220k, $220k, $218k, $220k) *$225k
Average Days on Market Condos: 114 (103, 81, 91, 84, 95) *72
Active Vacant Lots: 1,156 (1,159, 1,165, 1,174, 1,153, 1,160) *1,073
Looks like Sellers are finally coming around to testing the market, with a listing addition higher than we've seen in a few months. This also reversed the slow taper of inventory that usually starts at this time of year and heads down to the end of the year, this week anyways. Sales remain strong this week, but it must be noted that these numbers are residual stats from a few weeks, to a few months of prior activity. Still, much higher report than last year at this time. Buyer activity remains strong, and what looked like a lazy start to the Summer was just an "off week" on the market. I'm sure the long weekend had a bit to do with that as well. Single family home values return to the $300's this week, and their average time to sell remains slightly lower than last year at this time, coming in at just over 2.5 months to sell on average. Condo numbers continue to swell, but we are right on par with this time last year, which is a different story for single family homes this year. Values of condos are slightly under that of last year, and they seem to be spending a bit more time on market to sell on average. Still a good market out there, and it seems like sellers are willing to squeeze it for all that it's worth. Stay tuned to keep an ear tot the ground, and a pulse on the current state of the market here in Halifax Thanks for stopping by!
Pippi needs a place to spend her twilight years
Pippi, a spry little Chihuahua mix, is requesting a new retirement home. As much as she loves it here at Homeward Bound, she'd much rather find a quieter spot to frolic around. Pippi enjoys going out for walks, being snuggled and treat time - but, she'd like best to be the only dog getting all the love. This small gal can be shy when meeting new people and would much prefer she meet them on the ground than in your arms (she has a bit of small-dog syndrome) - but she comes around fairy quickly with the right amount of reassurance.
Pippi's adoption requirements are as follows:
A home free of other dogs
Calm children would be fine, as long as they respect her space
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
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah