The Halifax Real Estate Blog Weekly Market Rant and Statistics Update by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of March 12th - March 19th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 344 (425, 384, 295, 304) *503
Sold: 97 (91, 92, 99, 92) *125
Sale To Listing Ratio: 29% (21%, 24%, 34%, 30%) *26%
Listings that went conditional/pending: 108 (107, 117, 88, 102) *139
Expired/Cancelled/Withdrawn: 64 (112, 134, 52, 97) *88
Total Active Halifax/Dartmouth Inventory: 4,493 (4,472, 4,373, 4,369, 4,358) *4,506
Active Single Family Home: 2,885 (2,896, 2,853, 2,857, 2,862) 2,938
Average Single Family Home List Price: $298,421 ($299k, $299k, $397k, $304k) $276k
Average Single Family Home Selling Price: $288,309 ($286k, $291k, $287k, $294k) $266k
*Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 97%)
Average Days on Market Single Family Home: 115 (128, 122, 134, 115) *108
Active Condos: 488 (478, 446, 432, 427) *461
Average Condo Listing Price: $255,950 ($257k, $256k, $267k, $253k) *$233k
Average Condo Selling Price: $246,900 ($248k, $248k, $256k, $247k) *$223k
*Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 97%)
Average Days on Market Condos: 75 (71, 62, 110, 53) *178
Absorption Rate in weeks: 48 (49, 47, 46, 50)
Active Vacant Lots: 860 (838, 821, 830, 816)
Its almost like the market didn't skip a beat! Despite being buried in heaps of the white stuff, there was more positive market activity this week. I would have loved to see what the stats would have been if we had the same weather as last year. Sales are down this week, but new additions are also down which caused the sales to list ratio to perform higher than average this time of year. Values remain strong, and all other stats seem unfazed by the "flurry" of extreme weather (terrible, I know). The biggest headlines of the week belong to mother nature, and surely, real estate takes a back seat. But all being tolled, this market year has been shaping up to be a decent year in the making, despite the weather, and I'm wondering what will happen when people can actually get out to view properties! Guess you'll have to "chill" to find out (even worse, I know). Have a great week everyone!
Bentley is an 8 month boxer/amstaff mix, who might possibly have some husky in him, given the other dogs that were in the home where he came from. Bently is a very special boy; he is deaf and very much a puppy. He doesn't let his lack of hearing hold him back and he has the smarts to make up for it! Bently gets along great with other dogs but would do best with a respectful, already well trained alpha dog who will teach him how to be respectful as he is still learning that not everyone wants to play ALL day long. Bently doesn't bother the cats in his foster home and gets along great with the three children in his foster family, and the kids that come over for daycare. He is quickly learning his boundaries in the house, but he will require further confidence training out in the real world; he would do great with an active family or individual where he can explore the world and use all his other senses. Bently is house trained, kennel trained, neutered, microchipped, and vaccinated.
This "saucy stud" is available through Buddies Bully Rescue, 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 property 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.
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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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah