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 May July 23rd - July 30th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New or Back to Market Listings: 335 (360, 374, 464) *443
Sold: 136 (165, 120, 138, 153) *150
Sale To Listing Ratio: 41% (46%, 32%, 30%, 45%) *34%
Price Changes: 302 (310, 281, 326, 291)
Listings that went conditional/pending: 180 (164, 139, 163, 162, 178) *135
Expired/Cancelled/Withdrawn: 117 (137, 111, 126, 285) *122
Total Active Halifax/Dartmouth Inventory: 5,991 (5,962, 5,893, 5,800, 5,672) *5,769
Absorption Rate in weeks: 43 (41, 41, 37, 34) *40
Single Family Home Stats
Active Single Family Home: 4,092 (4,097, 4,026, 3,971, 4,165) *3,899
Average Single Family Home List Price: $303,887 ($289k, $284k, $287k, $309k) *$324k
Average Single Family Home Selling Price: $280,608 ($277k, $275k, $279k, $300k) *$310k
Single Family Home Sale to List Ratio This Week: 92% (96%, 97%, 97%, 97%) *96%
Median Single Family Home List Price: $289,900 ($271k, $272k, $270k, $270k)
Median Single Family Home Sold Price: $276,900 ($262k, $262k, $270k, $262k)
Average Days on Market Single Family Home: 113 (76, 68, 72, 71) *87
Active Condos: 522 (522, 526, 520, 559) *539
Average Condo Listing Price: $263,468 ($242k, $258k, $257k, $246k) *$246k
Average Condo Selling Price: $238,630 ($237k, $250k, $247k, $237k) *$238k
Condo Sale to List Ratio This Week: 96% (98%, 97%, 96%, 97%) *97%
Median Condo List Price: $239,000 ($226k, $230k, $225k, $237k)
Median Condo Sold Price: $230,000 ($220k, $224k, $226k, $230k)
Average Days on Market Condos: 68 (79, 96, 118, 68) *70
Active Vacant Lots: 1,070 (1,040, 1,035, 1,013, 994) *957
Looking a bit different this week compared to the last few. Hello everyone, and thanks for stopping by the HREB (that's right, we've gone acronym!) New listing activity remains surprisingly low again for the third consecutive week, but this week, we didn't see a stellar sale performance. Although low, sales did manage to keep the sales to list ratio
THE WEEKLY ADOGTABLE
Enzo is a young, Mastiff mix searching for a home to call his own! Weighing in at 91lbs (and still growing), this boy will need a large-breed experienced home with no children under 14. Enzo is a sweet boy, he can be very calm and loves affection - but that doesn't mean he doesn't love his play time! We are recommending obedience training to work on some minor behavioural issues: he can be jumpy and mouthy, especially when playing with his toys! He needs to work on his socialization skills with dogs, so he would like a home with no other dogs or kitties please :).
This "Happy Harry" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him, 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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Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.
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