Halifax (HRM) Residential Market Statistic Update For Week of May July 2nd - July 9th 2015 (Previous weeks numbers in brackets) *Previous Year's Stats New or Back to Market Listings: 464 (341. 351, 432, 479) *544 Sold: 138 (153, 165, 169, 183) *130 Sale To Listing Ratio: 30% (45%, 47%, 39%, 38%) *26% Price Changes: 326 (291, 349, 357, 388) Listings that went conditional/pending: 163 (162, 178, 175, 193, 217) *154 Expired/Cancelled/Withdrawn: 126 (285, 90, 166, 128) *111 Total Active Halifax/Dartmouth Inventory: 5,800 (5,672, 5,798, 5,770, 5,691) *5,715 Active Single Family Home: 3,971 (4,165, 4,263, 3,939, 3,971) 3,900 Average Single Family Home List Price: $287,179 ($309k, $304k, $303k, $326k) $308k Average Single Family Home Selling Price: $279,444 ($300k, 291k, $295k, $296k) $298k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 98%, 91%) Median Single Family Home List Price: $269,900 ($270k, $265k, $265k, $259k) Median Single Family Home Sold Price: $260,000 ($262k, $258k, $255k, $249k) Average Days on Market Single Family Home: 72 (71, 107, 83, 104) *87 Active Condos: 520 (559, 577, 528, 518) *549 Average Condo Listing Price: $256,648 ($246k, $249k, $255k, $255k) *$228k Average Condo Selling Price: $247,250 ($237k, $239k, $250k, $251k) *$222k Condo Sale to List Ratio This Week: 96% (97%, 98%, 98%, 98%) Median Condo List Price: $224,450 ($237k, $235k, $235k, $235k) Median Condo Sold Price: $225,500 ($230k, $227k, $227k, $225k) Average Days on Market Condos: 118 (68, 103, 78, 96) *89 Absorption Rate in weeks: 37 (34, 33, 35, 34) Active Vacant Lots: 1,013 (994, 1,005, 923, 928) *912 MARKET RANT Well that was short lived. Just two weeks of a balanced market before returning to the buyers market blues (for sellers anyways), although, I think the beginning/end of the month listing expiry/renew cycle may have skewed the numbers a bit this week. Still good activity out there, and it appears that the market is in full swing, well, more active than the rest of the year so far. Despite the "better than last year" chant that I keep hearing, unfortunately, the stats are saying quite differently. Although values may be reporting stronger than last year, key market elements like the overall sales slump and record inventory heights are a continued challenge to sellers, mostly. Still, with the right market strategy and a realistic approach, things are moving. I used to think that the three biggest words when it came to selling property was location location location, but I'm thinking it's more like price, price, price! Or surely a combination of the two. Thanks for stopping by! THE WEEKLY ADOGTABLE Tanner is a handsome, healthy , neutered , UTD on vaccines, energetic approx 6.5 yr old lab, amstaff mix at best guess. He is child and dog friendly. Cats are unknown but I suspect he will chase to play so no cats.Tanner is Approx 80+ pounds.He is a bit overweight so a foster or adoptive home that would be committed to him receiving the appropriate amount of quality food and daily exercise would be ideal. Tanner loves riding in a vehicle.He is a people watcher and super friendly. You can touch him anywhere and all over his body . In fact he loves being petted . He is fed quality kibble and does not have any food or toy aggression issues:) Tanner walks well on his leash and harness outside even with distractions. He does greet very excitedly unless properly introduced which we are working on , then he calms right down. This "mighty moose" 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 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. 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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