Halifax (HRM) Residential Market Statistic Update For Week of February 25th - March 3rd 2016
(Previous weeks numbers in brackets)
*Previous Year's Stats
New or Back to Market Listings: 366 (266, 254, 252, 265) *384
Sold: 116 (100, 95, 86, 101) *92
Sale To Listing Ratio: 32% (38%, 37%, 34%, 38%) *24%
Price Changes: 141 (139, 121, 103, 152)
Listings that went conditional/pending: 172 (142, 117, 115, 117) *117
Expired/Cancelled/Withdrawn: 163 (77, 104, 115, 132) *134
Total Active Halifax/Dartmouth Inventory: 4,347 (4,303, 4,261, 4,211, 4,183) *4,373
Absorption Rate in weeks: 44 (45, 44, 47, 49) *47
Single Family Home Stats
Active Single Family Home: 2,829 (2,777, 2,739, 2,723, 2,703) *2,853
Average Single Family Home List Price: $281,001 ($281k, $274k, $298k, $274k) *$299k
Average Single Family Home Selling Price: $271,485 ($269k, $260k, $285k, $261k) *$291k
Single Family Home Sale to List Ratio This Week: 97% (96%, 95%, 96%, 95%) *97%
Median Single Family Home List Price: $259,900 ($272k, $250k, $260k, $250k)
Median Single Family Home Sold Price: $256,995 ($265k, $237k, $255k, $240k)
Average Days on Market Single Family Home: 100 (90, 105, 122, 131) *122
Active Condos: 402 (400, 394, 379, 375) *446
Average Condo Listing Price: $304,800 ($277k, $260k, $282k, $241k) *$256k
Average Condo Selling Price: $294,696 ($268k, $252k, $277k, $233k) *$248k
Condo Sale to List Ratio This Week: 97% (96%, 97%, 98%, 97%) *97%
Median Condo List Price: $309,900 ($191k, $220k, $276k, $219k)
Median Condo Sold Price: $295,000 ($186k, $215k, $265k, $209k)
Average Days on Market Condos: 80 (121, 126, 159, 140) *62
Active Vacant Lots: 901 (903, 900, 882, 874) *821
Little bit of a mixed bag this week. Maybe the word is getting to sellers about our market improvement, as we witnessed the largest new listing addition of the year this week. Sales reported higher, yet again, from the previous weeks but not enough to be notable. Because of this average sales week, the higher than normal listing addition has reversed the overall inventory direction, closing the gap yet again from the last year. The most encouraging statistic for sellers, however, is that if the accepted offers (listings that went conditional/pending) Once again, we are well over average with buyer activity this week, and this week reported over 50 more accepted offers then last year at this time. Might not seem like a lot, but with an average of weekly sales hovering around the 100 mark it could be a substantial addition to the market in the near future. Just have to stay tuned to keep an eye on the action! Thanks for stopping by!
This little lady is Mary Grace. She is looking for her forever home with children 16 years of age or older. She is quite playful and would benefit from an a family with an active lifestyle able to get her out and about.
If you feel that she may possibly be your new family member please stop by the shelter to spending some quality time getting to know one another.
Mary Grace is looking to find a loving family with no other pets.
This "cuddly companion" is available through the Letters N Critters, 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.
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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