The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Statistic Update for the Week of June 22nd - June 29th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 319 (329, 343, 449, 387) *403
Sold: 168 (239, 200, 197, 180) *165
Sale To Listing Ratio: 53% (73%, 58%, 44%, 47%) *41%
Price Changes: 273 (222, 228, 251, 248) *287
Listings that went conditional/pending: 198 (197, 245, 227, 248) *170
Expired/Cancelled/Withdrawn: 151 (111, 132, 194, 218) *161
Total Active Halifax/Dartmouth Inventory: 4,905 (4,932, 4,909, 4,944, 4,862) *5,518
Absorption Rate in weeks: 25 (24, 26, 26, 25) *33
Single Family Home Stats
Active Single Family Home: 2,869 (3,007, 3,024, 3,047, 2,987) *3,652
Average Single Family Home List Price: $307,657 ($311k, $292k, $298k, $326k) *$296k
Average Single Family Home Selling Price: $297,750 ($301k, $284k, $283, $317k) *$287k
Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 95%, 97%) *97%
Median Single Family Home List Price (6 mo): $279,900 ($280k,$280k,$279k,$279k)*$260k
Median Single Family Home Sold Price (6 mo): $270,000 ($270k,$270k,$270k,$270k)*$252k
Average Days on Market Single Family Home: 69 (61, 75, 80, 60) *73
Active Condos: 485 (481, 482, 487, 481) *504
Average Condo Listing Price: $279,900 ($248k, $285k, $251k, $280k) *$235k
Average Condo Selling Price: $269,950 ($246k, $276k, $244k, $281k) *$226k
Condo Sale to List Ratio This Week: 96% (95%, 97%, 97%, 97%) 96%
Median Condo List Price (6 mo): $229,000 ($229k, $230k, $230k, $230k) *$218k
Median Condo Sold Price (6 mo): $220,000 ($218k, $220k, $218k, $220k) *$205k
Average Days on Market Condos: 81 (91, 84, 95, 150, 151) *176
Active Vacant Lots: 1,165 (1,174, 1,153, 1,160, 1,145) *1,043
I was hoping that after that long, cold Spring that we would be rewarded with a sizzling Summer, and here we are! It certainly makes the day to day visits pleasant for all parties. Another solid week on the market this week as we usher in the Summer season (with open arms), with stats reporting very similar to this years trend. New listings are down, sales strong, buyer activity high, and values steady. It's no wonder why we are reporting two months less of an absorption rate than last year at this time. No doubt that activity will slow for the weekend as the Country gets set to celebrate Canada's 150th anniversary, which should be a site to see across the nation. Lots to do and see this weekend, so be sure to check out the activities happening around the city. Thanks for stopping by and Happy Canada Day to all!
Just look at that face!
Junior is looking to wiggle his way into a new home. A young medium-sized mixed breed, he has a plethora of energy and appears to love everything he meets. He loves chewing on toys, chasing a ball, and would love a playful doggy friend. He only uses his mouth to eat or carry objects, and of course the occasional kiss. While exuberantly friendly and playful, Junior does display resource guarding behaviours around other dogs. A well-tempered lapdog, Junior is searching for a family with the following:
A home without other dogs
A home with cats and kids is suitable.
A house with a property (he is too vocal for apartment/condo living).
Obedience training mandatory upon adoption.
This "cuddly companion" 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 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. Don't forget to bookmark my page, and visit often!
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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