The Halifax Real Estate Blog Weekly Market Rant and Statistics Report by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of March 5th - March 12th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 425 (384, 295, 304, 339) *503
Sold: 91 (92, 99, 92, 93) *125
Sale To Listing Ratio: 21% (24%, 34%, 30%, 27%) *26%
Listings that went conditional/pending: 107 (117, 88, 102, 102) *139
Expired/Cancelled/Withdrawn: 112 (134, 52, 97, 81) *88
Total Active Halifax/Dartmouth Inventory: 4,472 (4,373, 4,369, 4,358, 4,328) *4,506
Active Single Family Home: 2,896 (2,853, 2,857, 2,862, 2,852) 2,938
Average Single Family Home List Price: $296,872 ($299k, $397k, $304k, $274k) $276k
Average Single Family Home Selling Price: $285,915 ($291k, $287k, $294k, $265k) $266k
*Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 97%, 97%)
Average Days on Market Single Family Home: 128 (122, 134, 115, 105) *108
Active Condos: 478 (446, 432, 427, 420) *461
Average Condo Listing Price: $256,723 ($256k, $267k, $253k, $242k) *$233k
Average Condo Selling Price: $247,938 ($248k, $256k, $247k, $238k) *$223k
*Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 98%)
Average Days on Market Condos: 71 (62, 110, 53, 76) *178
Absorption Rate in weeks: 49 (47, 46, 50, 64)
Active Vacant Lots: 838 (821, 830, 816, 801)
Activity continues to slowly gain traction again this week, as all tracked products reported gains in their various sectors. Not as severe as last year at this time, however, one could almost argue that this years bitter winter bite has put a bit of a freeze on the market push. Looks like overall activity was down, including the number of offers submitted, or accepted for that matter, sales and even new additions. Still, business as usual as the city braces for yet another snow dump, which is sure to encourage the masses to get out there and list or sell a property (cheeky), although, I would bet that we continue this slow but steady market growth into this market year.
Gretchen is a very happy, relaxed boxer mix looking for a home to call her own. She loves to spend time with people, although can be shy upon meeting new strangers. Gretchen has had a rough life before making it here to the pound; upon her spay our vet noticed a pellet lodged into her poor belly. She's also had her fair share of puppies and suffers from arthritis in her lower back. This beautiful girl needs a loving family who is prepared to manage her arthritis and give her the respect and nurturing that she deserves! Gretchen does okay with other dogs; she can be a bit pushy when excited. We are recommending a home with no cats, and children would be fine!
This "lovely lady" 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.
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 property 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.
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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