Halifax (HRM) Residential Statistic Update for the Week of June 1st - June 8th, 2017 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 449 (387, 416, 400, 420) *397 Sold: 197 (180, 178, 213, 203) *171 Sale To Listing Ratio: 44% (47%, 43%, 53%, 48%) *43% Price Changes: 251 (248, 191, 209, 236) *329 Listings that went conditional/pending: 227 (248, 213, 203, 241) *203 Expired/Cancelled/Withdrawn: 194 (218, 64, 99, 93) *148 Total Active Halifax/Dartmouth Inventory: 4,944 (4,862, 4,947, 4,860, 4,776) *5,377 Absorption Rate in weeks: 26 (25, 26, 26, 28) *33 Single Family Home Stats Active Single Family Home: 3,047 (2,987, 3,026, 2,971, 2,918) *3,605 Average Single Family Home List Price: $297,747 ($326k, $324k, $339k, $330k) *$307k Average Single Family Home Selling Price: $283,462 ($317k, $315k, $329k, $321k) *$299k Single Family Home Sale to List Ratio This Week: 95% (97%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $279,000 ($279k,$279k,$275k,$280k)*$285k Median Single Family Home Sold Price (6 mo): $270,000 ($270k,$270k,$269k,$273k)*$277k Average Days on Market Single Family Home: 80 (60, 70, 65, 68) *80 Condo Stats Active Condos: 487 (481, 505, 504, 496) *486 Average Condo Listing Price: $251,366 ($280k, $261k, $252k, $206k) *$232k Average Condo Selling Price: $244,323 ($281k, $249k, $243k, $196k) *$224k Condo Sale to List Ratio This Week: 97% (97%, 96%, 96%, 96%) 96% Median Condo List Price (6 mo): $229,450 ($230k, $230k, $228k, $225k) *$232k Median Condo Sold Price (6 mo): $217,900 ($220k, $220k, $216k, $215k) *$220k Average Days on Market Condos: 95 (150, 151, 98, 52, 70) *75 Active Vacant Lots: 1,160 (1,145, 1,158, 1,128, 1,104) *1,030 Market Rant Another solid week of activity as we head towards the final innings of the Spring Market. How did this Spring compare to other years? We certainly carried forward the buyer momentum that started late last year, and ended up with somewhat of a buildup, or market pressure, due to sellers coming late to market or not coming to market at all. The overall inventory is still way down from last year at this time, although we are starting to see new additions increase, but the buyer buildup is still in play...for now. Still lots of buyers out there making offers though, as reflected by the listings that changed status to conditional/pending, so there is a hope that the momentum carries through to the Summer months. Historically, Summer sees the slow taper of the inventory and overall activity as both buyer and seller look to take in the sunny days and warm weather, with a good amount of people wanting to be settled before the beginning of the school year. Still, there is many that do not have that consideration, and it doesn't appear that things will be slowing down anytime soon. Stay tuned to stay up to date with all that's happening here in the Halifax real estate market. Sylus is the one for you!WEEKLY ADOPTABLE Meet the latest Good Bones addition, SYLUS. He is a Boxer/am staff mix. He likes: cats, kids , adults and other dogs. He is vaccinated but needs a neuter. This "cuddly companion" is available through Good Bones Dog 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 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! VIEWPOINT REALTY
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. Newest Blog post HERE Comments are closed.
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Jeremiah Wallace, CDJeremiah 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.. ListingsPhoto's by Jeremiah
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