The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace if ViewPoint Realty.
Halifax (HRM) Residential Statistic Update for the Week of December 14th - December 21st, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 141 (160, 246, 191, 200) *145
Sold: 112 (96, 116, 134, 115) *90
Sale To Listing Ratio: 79% (43%, 47%, 70%, 56%) *62%
Price Changes: 53 (73, 116, 107, 114) *49
Listings that went conditional/pending: 94 (109, 103, 127, 133) *57
Expired/Cancelled/Withdrawn: 163 (116, 341, 105, 138) *191
Total Active Halifax/Dartmouth Inventory: 3,676 (3,781, 3,836, 4,057, 4,102) +4,394
Absorption Rate in weeks: 32 (33, 31, 32, 33) *47
Single Family Home Stats
Active Single Family Home: 1,988 (2,061, 2,119, 2,256, 2,307) *2,556
Average Single Family Home List Price: $329,515 ($334k,$305k,$319k,$347k) *$314k
Average Single Family Home Selling Price: $316,966 ($321k,$296k,$311k,$331k) *$298k
Single Family Home Sale to List Ratio This Week: 96% (96%, 97%, 97%, 95%, 96%) *95%
Median Single Family Home List Price (6 mo): $278,844 ($279k,$279k,$279k,$279k)*$280k
Median Single Family Home Sold Price (6 mo): $269,925 ($270k,$270k,$270k,$270k)*$270k
Average Days on Market Single Family Home: 77 (69, 94, 90, 77) *97
Active Condos: 355 (369, 374, 389, 393) *435
Average Condo Listing Price: $249,125 ($249k, $257k, $261k, $227k) *$228k
Average Condo Selling Price: $239,865 ($242k, $247k, $231k, $217k) *$217k
Condo Sale to List Ratio This Week: 96% (97%, 96%, 88%, 96%) 95%
Median Condo List Price (6 mo): $243,700 ($249k, $246k, $245k, $246k) *$235k
Median Condo Sold Price (6 mo): $239,250 ($240k, $239k, $236k, $239k) *$225k
Average Days on Market Condos: 98 (97, 65, 83, 144) *131
Active Vacant Lots: 961 (964, 958, 1,016, 1,002) *1,134
As you can imagine, the number this week are a little skewed in areas, being so close to Christmas and all. Surprisingly though, there was a number of listings that came to market, and an even more surprising number of properties that sold this week. In just over a week, the 2017 real estate market will come to a close, and a new one will start. If next year reports anything like this year, 2018 might see a further swing into a Sellers market. Not welcomed news for the many buyers currently out there and thinking of getting into the market, but news well received by sellers no doubt. The Halifax real estate market is anything but predictable, so you'll have to keep an eye to the blog to stay on top of things! Be sure to check in to the blog in January for the 2017 market wrap up, and of course for your weekly reports!
I just wanted to wish my clients, friends, family and readers of the blog a very Merry Christmas and Happy New Year! The weekly market rant will return in 2018, with the 2017 market year summary! Be sure to stop by!
The Weekly Adogtable!
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Tonka's ideal home environment will be:
-Without other animals (due to reactivity)
-With children over 16 years (Tonka is very mouthy, growly, and jumpy when in play mode)
-With an experienced adopter who understands dog behaviour
This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about her and 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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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. We also offer mortgage and insurance solutions too! 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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah