The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
Halifax (HRM) Residential Statistic Update for the Week of March 22nd - March 29th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 280 (295, 70, 365, 325) *306
Sold: 125 (114, 134, 135, 129) *112
Sale To Listing Ratio: 45% (39%, 50%, 37%, 40%) *37%
Price Changes: 119 (137, 102, 127, 125) *156
Listings that went conditional/pending: 154 (142, 134, 169, 164) *145
Expired/Cancelled/Withdrawn: 66 (67, 81, 172, 139) *73
Total Active Halifax/Dartmouth Inventory: 3,864 (3,901, 3,722, 3,686, 3,620) +4,577
Absorption Rate in weeks: 30 (30, 30, 32, 33) *43
Single Family Home Stats
Active Single Family Home: 2,143 (2,103, 2,047, 2,010, 1,961) *2,696
Average Single Family Home List Price: $326,081 ($325k,$301k,$349k,$336k) *$313k
Average Single Family Home Selling Price: $314,910 ($314k,$291k,$336k,$322k) *$305k
Single Family Home Sale to List Ratio This Week: 97% (97%,97%, 97%, 96%) *97%
Median Single Family Home List Price (6 mo): $279,000 ($278k,$276k,$279k,$279k)*$278k
Median Single Family Home Sold Price (6 mo):$270,000 ($270k,$270k,$270k,$270k)*$268k
Average Days on Market Single Family Home: 88 (69, 88, 93, 73) *89
Active Condos: 375 (367, 368, 370, 366) *465
Average Condo Listing Price: $231,835 ($252k, $242k, $277k, $227k) *$252k
Average Condo Selling Price: $224,876 ($242k, $232k, $266k, $221k) *$244k
Condo Sale to List Ratio This Week: 97% (96%, 96%, 96%, 97%) 97%
Median Condo List Price (6 mo): $238,400 ($239k, $239k, $239k, $239k) *$225k
Median Condo Sold Price (6 mo): $231,750 ($234k, $234k, $233k, $232k) *$215k
Average Days on Market Condos: 82 (127, 97, 80, 47) *56
Active Vacant Lots: 1,008 (1,003, 986, 980, 973) *1,174
The first week of the Spring market felt like remnant leftovers of the Winter, but it does appear that warmer days are on the way! Not sure if the weather or the holidays have been impacting the market activity much, but there is a sense of "calm before the storm" out there right now. Although the late Winter market performed well, there has been talks of whether that activity was supposed to happen in the Spring now that things seemed to have tapered off a bit. The stats are still performing well however, you just can't get a true sense of the market unless you are immersed in it. New listings are down a bit this week, likely to the weather and approaching holiday weekend, but sales still performed well, including property that received and accepted offers. The end of the Easter weekend usually marks the unofficial start to the Spring market, so I think we will chalk up the last few weeks to "preparation", in what hopes to be another solid market season. Stay tuned to stay on top of things, and thanks for stopping by!
The Weekly Adogtable!
Loki is a young, handsome boy searching for a new home. This spunky boy has a ton of energy and he can't wait to release it with his new family! He is quite mouthy and jumpy, so he'll need some guidance on how to behave like a true pup but with some training this should take no time as he's super smart.
Loki does have separation anxiety, and as a result, has exhibited destructive behaviours. Potential adopters will need to be prepared for a high energy dog, who would be happiest to have someone at home with him for most of the day.
Loki would be best suited in a home:
-Could live with a very tolerant dog, as Loki is very rambunctious when meeting other dogs.
-Absolutely no cats.
-A home that could continue crate training to keep Loki safe from his separation anxiety.
-Children over the age of 12.
-Highly active (runs, 2+ walks a day, hikes, dog sport).
-Proof of registration in obedience classes is required at the time of adoption.
This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him and 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
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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