The Halifax Real Estate Blog Weekly Market Rant and Market Statistics Update by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of December 4th - December 11th 2014
(Previous weeks numbers in brackets)
New Listings: 232 (273, 252, 304, 281)
Sold: 81 (90, 110, 89, 89)
Sale To Listing Ratio: 35% (33%, 44%, 29%, 32%)
Listings that went conditional/pending: 85 (90, 85, 122, 94)
Expired/Cancelled/Withdrawn: 150 (340, 133, 140, 124)
Total Active Halifax/Dartmouth Inventory: 4,749 (4,840, 5,074, 5,165, 5,219)
Active Single Family Home: 3,037 (3,117, 3,292, 3,371, 3,420)
Average Single Family Home List Price: $282,748 ($273k, $294k, $269k, $271k)
Average Single Family Home Selling Price: $270,235 ($262k, $283k, $257k, $260k)
*Single Family Home Sale to List Ratio This Week: 96% (96%, 96%, 95%, 96%)
Average Days on Market Single Family Home: 162 (118, 116, 103, 119)
Active Condos: 442 (440, 458, 469, 463)
Average Condo Listing Price: $247,140 ($261k, $250k, $266k, $263k)
Average Condo Selling Price: $234,600 ($253k, $241k, $256k, $255K)
*Condo Sale to List Ratio This Week: 95% (97%, 96%, 97%, 97%)
Average Days on Market Condos: 134 (153, 175, 126, 98)
Absorption Rate in weeks: 51 (60, 51, 54, 52)
Active Vacant Lots: 973 (983, 1,007, 1,006, 1,012)
Looks like another cool off week, as we start our "bottom out" trajectory of the annual market. Thanks for stopping by, and welcome to the Halifax Real Estate Blog! As the stats follow their annual this week, I thought instead of the normal "doom and gloom"that I apparently bestow upon the Halifax real estate market, I would spread some holiday cheer and optimism instead. Lots of "rumours" and "suspicion's" that the Irving shipyard contract will be ramping up in the new year, with reports of mass amounts of materials being delivered on a large scale, and on a frequent basis. I personally don't play into rumours, but I could hope that some of the things that I have heard as of late come to fruition, it might make for a positive post or two in the new year ;) Have a great day folks, and don't hesitate to send me your latest and greatest rumours regarding our market.
George is a 75lb, 2/3 year old Boxer/Lab, cat tested at our local city pound where he did very well! He set in the middle of the room, paying little to no attention to the cats that were sleeping, walking, jumping, and running past him, focusing most of his attention on his handler. He has tried to chase the odd cat or two while outside, so if a cat is in the home, a meet and greet will be mandatory. George has met a number of dogs and so far, seems to like females only, but he has not been exposed to other dogs in his home since we have known him. No kids for George please; he is fearful of their energy, so an adult only home is a must where someone can teach him that children are ok!
This "Awesome Ace" is available through Buddy's Bully Rescue, 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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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. Thanks for stopping by!
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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