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 26th - April 2nd 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 459 (326, 344, 425, 384) *553
Sold: 110 (100, 97, 91, 92) *115
Sale To Listing Ratio: 24% (31%, 29%, 21%, 24%) *21%
Listings that went conditional/pending: 128 (109, 108, 107, 117) *137
Expired/Cancelled/Withdrawn: 206 (61, 64, 112, 134) *185
Total Active Halifax/Dartmouth Inventory: 4,532 (4,554, 4,493, 4,472, 4,373) *4,680
Active Single Family Home: 2,967 (2,944, 2,885, 2,896, 2,853) 3,094
Average Single Family Home List Price: $298,837 ($302k, $298k, $299k, $299k) $297k
Average Single Family Home Selling Price: $289,934 ($293k, $288k, $286k, $291k) $286k
*Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 96%, 97%)
Average Days on Market Single Family Home: 123 (99, 115, 128, 122) *100
Active Condos: 482 (484, 488, 478, 446) *472
Average Condo Listing Price: $258,938 ($267k, $256k, $257k, $256k) *$268k
Average Condo Selling Price: $250,836 ($251k, $245k, 248k, $248k,) *$260k
*Condo Sale to List Ratio This Week: 97% (94%, 97%, 97%, 97%)
Average Days on Market Condos: 89 (105, 75, 71, 62) *92
Absorption Rate in weeks: 46 (48, 48, 49, 47)
Active Vacant Lots: 833 (862, 860, 838, 821)
And the hits just keep on coming! The slow start to the market year had been felt across most channels of the real estate industry so far this year, with one exception, buyers! It has been remarked that despite what mother nature has been tossing at them, buyers are still hitting the snow covered streets to get that property viewing accomplished. Not as many listings on the market this week compared to last year, but one could expect that given the amount of white stuff the majority go the city is still buried under. Buyer inquiries are still going strong into this first week of April, and I would anticipate a warm welcome, from buyers, to any new properties that hit the street. This week, there was 459 new additions, but the generous amount of expired/cancelled/withdrawn has stunted the inventory in growing this week. Values across the board remain seemingly unchanged, and average days on market remain around 3 and 4 months respectively. With Spring finally emerging from the snow pile, it will be interesting to watch the market react to the backlog of annual activity. Thanks for stopping by!
Poppy is approximately 5 to 8 years old. She is a nice small size at only about 35 lbs. She came to us through the Provincial Cruelty investigators when she was severely underweath. She is happy and healthy now and ready for a forever home, she is very gentle taking food or treats from your hand. She is not used to walking on a leash, so will need some help in that area, a easy walk or freedom harness helps tremendously in walking without pulling.
Fostered with cats and other dogs. Interested in the cats, may follow them but easily to distract. Very excited to meet other dogs, so may pull on a leash in her eagerness to go meet them. A very friendly, happy dog but she is nervous of some men, not all men, but only some! She is very well housetrained, and will go to the door when she needs to go out. You do need to be watching closely though as she is not vocal in letting you know she wants to go out.
She loves toys, and is very playful, loves to play ball or tug. Full of energy, would like an active home. Can be a bit mouthy when she gets excitable but listen well and calms down quickly. Slightly jumpy but is very gentle about it.
Crate trained, sleeps well in a crate. Crate trained when left home. Eats in her crate, will proactively run into her crate when you are preparing her food. Likes to sleep on the bed, she is an incredible jumper! Overall she is a wonderful dog and will do well is almost any home situation.
This "sassy lass" is available the NS SPCA, a non profit rescue organization from Dartmouth, 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.
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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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. Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process.
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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