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 May 3rd - May 10th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 379 (376, 350, 338, 382) *420
Sold: 186 (169, 185, 169, 158) *203
Sale To Listing Ratio: 49% (45%, 53%, 50%, 41%) *48%
Price Changes: 204 (204, 202, 166, 119) *236
Listings that went conditional/pending: 191 (189, 246, 184, 217) *241
Expired/Cancelled/Withdrawn: 82 (87, 87, 78, 106) *93
Total Active Halifax/Dartmouth Inventory: 4,088 (3,989, 4,034, 4,027, 3,958) +4,776
Absorption Rate in weeks: 23 (23, 25, 29, 30) *28
Single Family Home Stats
Active Single Family Home: 2,364 (2,309, 2,311, 2,323, 2,277) *2,918
Average Single Family Home List Price: $347,455 ($340k,$366k,$356k,$334k) *$330k
Average Single Family Home Selling Price: $340,586 ($330k,$256k,$345k,$321k) *$321k
Single Family Home Sale to List Ratio This Week: 98% (97%, 97%, 97%, 96%) *97%
Median Single Family Home List Price (6 mo): $285,500 ($285k,$283k,$280k,$280k)*$280k
Median Single Family Home Sold Price (6 mo):$279,900 ($278k,$276k,$275k,$272k)*$273k
Average Days on Market Single Family Home: 59 (64, 71, 59, 67) *68
Active Condos: 383 (379, 384, 378, 371) *496
Average Condo Listing Price: $264,476 ($225k, $226k, $235k, $243k) *$206k
Average Condo Selling Price: $255,335 ($217k, $219k, $226k, $236k) *$196k
Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 97%) 96%
Median Condo List Price (6 mo): $234,900 ($235k, $237k, $239k, $239k) *$225k
Median Condo Sold Price (6 mo): $224,500 ($225k, $227k, $233k, $232k) *$215k
Average Days on Market Condos: 41 (54, 59, 77, 108) *52
Active Vacant Lots: 993 (966, 988, 977, 970) *1,104
Now that seems like a normal Spring market! Marginal gains, solid sales numbers, increasing inventory, things you would expect to see as we approach the mid point of May. Sales made a slight comeback this week, as well as inventory across the board. All product types experienced increase, with single family home numbers jumping the most. Values remain steady as well, with a strong showing this week compared to the last few weeks, and the general annual increase overall as expected. Average days on market reported down this week compared to the last few weeks, and down from this time last year as well. Overall, it's an "ebb and flow" type of market; as things decide to recess a bit, add a little time and they surge right back again. I think we are just at the turn around point currently, but it might be too early to tell. Let's see what next week brings, and see where it goes from there. You'll have to stay tuned to find out! Thanks for stopping by!
The Weekly Adogtable!
Amelia is a young, outgoing gal who still has a lot of puppy left in her! She is always ready for an adventure and loves to play with toys. It doesn't take long for her to warm up to new people. She can be quite the cuddler too once she gets to know you!
Because she is still a puppy at heart, Amelia has some special requirements. She gets very excited and can be a little jumpy when she greets you, so she needs a family that can help her with her obedience training. This gal can JUMP so she cannot be left alone in a backyard unless the fencing is high enough. She gets along with large dogs but NO small dogs, cats or other small animals. Amelia is currently in heat and will have to return for her spay in roughly 6 weeks.
Amelia's ideal home would be:
- With an active family
- With children over the age of 10
- Without any small animals
- No apartments
Obedience training is mandatory. Proof of registration in an obedience class will need to be provided upon approval.
This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about her and 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 real estate 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. Don't forget to bookmark my page, and visit often!
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Newest Blog post HERE
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