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 November 6th to November 13th 2014
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 281 (411, 312, 326, 306) *326
Sold: 89 (108, 97, 108, 94) *68
Sale To Listing Ratio: 32% (26%, 31%, 33%, 31%) *21%
Listings that went conditional/pending: 94 (90, 122, 110, 99)
Expired/Cancelled/Withdrawn: 124 (373, 129, 130, 143) *138
Total Active Halifax/Dartmouth Inventory: 5,219 (5,267, 5,441, 5,485, 5,516) *5,032
Active Single Family Home: 3,420 (3,472, 3,592, 3,625, 3,651) *3,298
Average Single Family Home List Price: $270,624 ($277k, $276k, $293k, $302k) *$245k
Average Single Family Home Selling Price: $259,426 ($267k, $267k, $281k, $290k) *$236k
*Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%, 96%)
Average Days on Market Single Family Home: 119 (124, 104, 101, 87) *96
Active Condos: 463 (465, 492, 505, 508) *274
Average Condo Listing Price: $263,221 ($265k, $266k, $248k, $248k) *$237k
Average Condo Selling Price: $255,346 ($256k, $254k, $237k, $240k) *$229k
*Condo Sale to List Ratio This Week: 97% (97%, 96%, 96%, 97%)
Average Days on Market Condos: 98 (191, 119, 98, 110) *110
Absorption Rate in weeks: 52 (52, 55, 52, 49) *51
Active Vacant Lots: 1,012 (1,005, 1,018, 1,015, 1,017)
As per normal, the Remembrance Day week has traditionally reported as one of the worst weeks for market performance. Rightly so. Remembrance Day is outlined as the day to remember the deeds of good men and women, those who have served, that still serve, and those who paid the ultimate price for our freedom, not for buying/selling property. The only other week of the year that reports so low is the Christmas holiday week, cold weather and presents may leave the pocketbook a little empty for down deposits and closing costs. We will return to the classified "buyers market with no buyers" next week, and I'm sure business will be as usual. Stay tuned for the October monthly wrap up, sure to be some interesting stats in there!
Skylee is a beautiful young AmStaff mix looking for a forever home. She is 1.5 years old, roughly 60lbs, vaccinated, microchipped, and spayed. Skylee is a sweet girl who is good with people, other dogs (she grew up with a small breed dog and does well playing with most dogs), and cats, although she would prefer to be the only dog in a home full time.
She is very smart and listens very well to a strong leader. Skylee is very excitable and jumpy when she meets new people and can get mouthy (this is in no way aggression; she just does not know how to properly control her excitement yet), but her foster family is working on this with her and she is catching on quickly. She can be a bit moody, so a patient adopter would be best. Skylee also has some posession issues with her favorite toy and does not want to give it back, so a home where she will continue to receive training will be best.
Skylee even goes to weekly obedience class so she will have all of the basics down before going to her forever home! She would do best in a home with OLDER children. Her ideal home would be one where she will get regular exercise and training for her greetings, as well as a home where she will be able to curl up and cuddle on the couch or play with her toys.
Skylee has food allergies, so a grain free diet will be necessary for anyone wishing to bring this girl into their home.
This "lovely lady" is available through Buddy's Bully Rescue, 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