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 the Week of December 15th-22nd, 2016
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 145 (115, 194, 243, 218) *247
Sold: 90 (89, 96, 99, 111) *82
Sale To Listing Ratio: 62% (77%, 50%, 41%, 51%) *43%
Price Changes: 49 (96, 116, 129, 165) *121
Listings that went conditional/pending: 57 (81, 99, 111, 116) *100
Expired/Cancelled/Withdrawn: 191 (121, 385, 340, 137) *311
Total Active Halifax/Dartmouth Inventory: 4,394 (4,394, 4,554, 4,641, 4,817) *4,850
Absorption Rate in weeks: 47 (45, 43, 42, 42) *45
Single Family Home Stats
Active Single Family Home: 2,556 (2,556, 2,690, 2,767, 2,904) *3,144
Average Single Family Home List Price: $313,506 ($286k, $299k, $321k, $318k) *$303k
Average Single Family Home Selling Price: $298,160 ($274k, $287k, $310k) *$290k
Single Family Home Sale to List Ratio This Week: 95% (96%, 96%, 97%, 96%) *96%
Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$256k
Median Single Family Home Sold Price (6 months): $270,000 ($270k, $271k, $272k, $273k) *$249k
Average Days on Market Single Family Home: 97 (118, 90, 125, 94) *110
Active Condos: 435 (435, 449, 460, 480) *408
Average Condo Listing Price: $227,850 ($235k, $274k, $262k, $226k) *$219k
Average Condo Selling Price: $217,090 ($222k, $260k, $258k, $220k) *$208k
Condo Sale to List Ratio This Week: 95% (95%, 95%, 98%, 97%) 95%
Median Condo List Price (6 months): $234,900 ($230k, $230k, $230k, $230k) *247k
Median Condo Sold Price (6 months): $225,000 ($224k, $222k, $222k, $222k) *237k
Average Days on Market Condos: 131 (106, 63, 74, 96, 61) *91
Active Vacant Lots: 1,134 (1,134, 1,137, 1,137, 1,155) *941
Suprising amount of new additions to the market this week, and it appears that present's weren't the only things being shopped for. Sales didnt really skip a beat this week, but those could be last minute shoppers closing out the market year with a new home purchase. This coming week will mark the lowpoint for the annual overall market report, and it will be interesting to see how we faired this year compared to the past. I'll have that report up in the first week of January, so make sure to stop by!
I just wanted to take this opportunity to wish you all a Merry Christmas and Happy Holidays! Don't forget to check this weeks adoptable, and the others that are availible who are waiting for their Christmas miricle. Thanks for stopping by!
Bravo is a very special boy, who's been with us for over a month going through extensive rehabilitation. This handsome boy had been neglected in his past and this is evident through his various behavioural quirks. Bravo seems to have two sides, indoors he makes himself small, is very cautious and afraid to see and do new things while outdoors he's a hyper, bouncy, playful soul. Bravo is going to need a family with lots of patience (and strength because he sometimes needs to be carried haha). He likes to go for walks, play outside with his toys and snuggle up on a stormy day. The staff here imagine it will be tricky introducing him to new things like stairs, hardwood floors, beds, couches... everything! There isn't a mean bone in this boy's body, he's got lots of love to give but just needs a confidence boost to let it all out. Bravo would do fine in a home with another dog, as he learns from them very well - but, this dog will need to be very confident and able to provide appropriate signals for Bravo to learn. Bravo can be quite hyper and mouthy with people and other dogs, so lots of positive reinforcement and TLC will be needed for his success :) If you'd like to meet Bravo, come on by today!
This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Dartmouth, 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!
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!
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