The Halifax Real Estate Blog Weekly Market Rant and Statistics Report by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of December 19th to December 26th 2013
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 119 (303, 300, 314, 326) *85
Sold: 51 (90, 87, 121, 68) *42
Sale To List Ratio: 43% (30%, 29%, 39%, 21%) *49%
Expired/Cancelled/Withdrawn: 95 (353, 128, 148, 138) *87
Total Active Halifax/Dartmouth Inventory: 4,483 (4,727, 4,974, 4,976, 5.032)
Active Single Family Home: 2,852 (3,031, 3,210, 3,239, 3,298) *2,472
Average Single Family Home List Price: $310,477 ($302,000, $282.065, $285,888, $244,829) *281k
Average Single Family Home Selling Price: $298,157 ($290,985, $272,556, $268,293, $235,710) *274k
Average Days On Market Single Family Home: 142 (127, 107, 107, 96) *131
Active Condos: 407 (417, 431, 413, 412) *247
Average Condo Listing Price: $283,655 ($300,515, $277,485, $235,185, $236,813) *188k
Average Condo Selling Price: $279,561 ($290,515, $269,842, $227,971, $228,750) *182k
Average Days On Market Condos: 70 (110, 74, 63, 110) *55
Halifax/Dartmouth Absorption Rate (weeks): 48 (56, 102, 48, 51) *57
Firstly, I would like to take this opportunity to thank my devoted Blog readers for their patience while the site was being worked on over the last few weeks. Secondly, I would like to wish you all a very Merry Christmas and a Happy New Year, as this will be the last post for 2013. I plan on doing the year in review in the first week of January, so make sure you stop in to see how we made out compared to previous years. I would also like to take this opportunity to thank and congratulate all of my clients on their property sales and purchases, and wish them all the best in the new year! And last but not least, I would like to take a moment to think about and thank all of our troops that are deployed or cannot be with their loved ones this holiday season. I know personally it gets difficult around this time to be away, but the support of friends and family make it easier to soldier on through the days.
Thanks again to all of my readers, and I look forward to meeting you all one day! Happy New Year!!
Taffy is moving from the "adopted" section back to the "available dogs" section of our facebook page - she has not meshed with the dog already living in the home, and the new owners feel like it's really just not working out - so the search for a new owner has begun.
Taffy needs a home with no other dogs to compete with resources in the home with and also should have no children.
Taffy loves balls, she loves to snuggle - on her own terms, she loves kongs, she loves being near you, she loves off leash walks in the woods, she can be left at home in the day without you and she's not much of a barker - but she's really decided that she'd rather be the only dog in the home.
She spent five long yard years outside, and she has a lot of love to give - and she'd rather not share that love with another dog. Follow up with a trainer will be given in her new home. Taffy is available through no chains all love dog rescue society, and more info about this and other adoptable's looking for their furever home can be found by clicking the picture.
Are you familiar with ViewPoint Realty? How about the ViewPoint real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition!
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 leave a public comment or question below. 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.
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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