The Halifax Real Estate Blog Weekly Market Rant And Statistics Update by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of September 4th to September 11th 2014
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 480 (439, 447, 411, 474) *498
Sold: 105 (110, 135, 134, 108) *125
Sale To Listing Ratio: 22% (25%, 30%, 33%, 23%) *25%
Listings that went conditional/pending: 136 (126, 128, 132, 143)
Expired/Cancelled/Withdrawn: 141 (311, 136, 28, 131) *124
Total Active Halifax/Dartmouth Inventory: 5,731 (5,667, 5,813, 5,783, 5,811) *5,414
Active Single Family Home: 3,827 (3,780, 3,879, 3,900, 3,927) *3,553
Average Single Family Home List Price: $306,026 ($299,750, $323,502, $296,581, $285,178) *$294k
Average Single Family Home Selling Price: $297,019 ($286,711, $310,691, $286,384, $272,197) *$283k
*Single Family Home Sale to List Ratio This Week: 97% (96%, 96%, 97%, 95%)
Average Days on Market Single Family Home: 120 (113, 117, 114, 94) *92
Active Condos: 521 (516, 549, 545, 548) *405
Average Condo Listing Price: $265,170 ($245,811, $242,855, $255,770, $243,709) *$245k
Average Condo Selling Price: $256,930 ($237,305, $233,122, $248,052, $236,790) *$211k
*Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 97%)
Average Days on Market Condos: 84 (103, 86, 137, 114) *132
Absorption Rate in weeks: 47 (47, 48, 46, 46) *46
Active Vacant Lots: 1,028 (1,022, 1,021, 968, 962)
A PERSONAL NOTE (Market Rant below)
This year, I finally had the chance to visit the 9/11 memorial in NYC. I had been to the site once before to pay my respects, but the memorial was far from complete. Being in such a populated and loud city, I was amazed at the solemn quietness that the hundreds of people shared while reflecting the sheer magnitude of the events that occurred those years ago. The soothing rush of water falling below echoed through the still damaged buildings, and the sounds of weeping could be heard wherever you went. It was a powerful place to be. Anyone who knows me knows that I am very proud to have served my country, very proud to have served with my fellow soldiers, and proud to have made a difference. We have all been touched by the events that occurred on September 11th, 2001, and I'll bet that you remember where you where when it happened. Me, I was in my squadrons hanger watching it on the news. Who would have known that a few months later I would be in a Country that I never even heard of. Being at the memorial that day, being able to touch the names of the lost, gave me the chance to let them know that we fought for them and that they would not be forgotten. As a soldier, you are held together, and forged by your memories. The memories of your family that you are protecting, the memories of the brothers you serve with, and the memories of the events that put you where you are. For me, the events 9/11 was one of the things I held onto when times got tough overseas, and stay focused. The ability to visit the site so many years later really brought things full circle, and gave me a sense of peace. If you have read this far, I want to thank you, it was not an easy note to write...
Not quite the week I was expecting. Might be a little life in the market yet as sellers pile back to the market after school season begins. Usually, this time of year sees the gradual decline of inventory, however, this week has proven that not all trends are followed to the letter. Both single family home values remain high, and their respective days on market still average 3 and 4 months. End of season action, the little window that I always thought had great potential to strike when no one was looking.
Cinnamon is around 9 months old and fully vetted, she is a very sweet girl who is happy and friendly , she get's along with dogs & kids and would make a wonderful family dog. At this point we do not know about cats but we will test her to find out.
This "gorgeous gal" is available through Nova Scotia Pitbull Rescue Society, 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