The Halifax Real Estate Blog Weekly Market Rant and Statistic Update by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of January 1st - January 8th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 364 (208, 232, 273, 252) *378
Sold: 38 (70, 81, 90, 110) *49
Sale To Listing Ratio: 10% (34%, 35%, 33%, 44%) *13%
Listings that went conditional/pending: 64 (67, 85, 90, 85)
Expired/Cancelled/Withdrawn: 101 (210, 150, 340, 133) *82
Total Active Halifax/Dartmouth Inventory: 4,117 (4,573, 4,749, 4,840, 5,074) *4,238
Active Single Family Home: 2,679 (2,928, 3,037, 3,117, 3,292) $2,729
Average Single Family Home List Price: $299,113 ($300k, $283k, $273k, $294k) $287
Average Single Family Home Selling Price: $286,627 ($292, $270k, $283k, $257k) $267
*Single Family Home Sale to List Ratio This Week: 96% (97%, 96%, 96%, 96%)
Average Days on Market Single Family Home: 115 (122, 162, 118, 116) *179
Active Condos: 377 (421, 442, 440, 458) *390
Average Condo Listing Price: $239,283 ($240k, $247k, $261k, $250k) *$248
Average Condo Selling Price: $230,176 ($232k, $235k, $253k, $241k) *$237
*Condo Sale to List Ratio This Week: 96% (96%, 95%, 97%, 96%)
Average Days on Market Condos: 122 (134, 153, 175, 126) *135
Absorption Rate in weeks: 70 (52, 51, 60, 51) *62
Active Vacant Lots: 809 (941, 973, 983, 1,007)
Starting the year on somewhat of a good foot! Compared to last year, all of the important areas of the market are reporting in a positive manner as new listings are down, inventory is down across the board, and average days on market are getting shorter. There will be some skewed numbers this week however, as starting the new year usually needs a bit of room launching off the ground, and a gentle "wake up" nudge to get going. As the Christmas holidays fade from the rear view, home sellers and buyers look forward, to see what lay in wait and to start their plan of attack. Market activity has picked up already in the new year, and inquiries and interest can be felt among the agencies here in HRM. Hopefully a solid jump to the year will spark just the activity that we have been needing for so long, or maybe, things are coming close enough to a turn around point for investors to start taking action. Either way, this renewed vigour is a welcome site!
Ariel is a 2 year old AmStaff looking for a home with a breed experienced family. She LOVES people and loves to play but she can be a bit rough with jumping and mouthing; because of this, a home with children over the age of 10 would be ideal. No cats or dogs for Ariel; she likes to be the queen of her castle! Socialization training wouldn't be a bad idea. Ariel does well in her run and tested well in the crate; she is fairly quiet, calming down quickly, and she appears to be house trained too! Daily exercise will be essential for Ariel to be a happy girl. Ariel LOVES to practice her obedience, it's recommended that her new owners must enrol her in one on one obedience classes. Stop by and meet this beautiful girl today!
This "spunky sis" 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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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