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 September 3rd - September 10th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New or Back to Market Listings: 302 (279, 282, 357, 340) *480
Sold: 109 (125, 140, 143, 121) *105
Sale To Listing Ratio: 36% (45%, 37%, 40%, 36%) *22%
Price Changes: 268 (266, 291, 288, 254)
Listings that went conditional/pending: 128 (141, 153, 162, 117) *136
Expired/Cancelled/Withdrawn: 137 (293, 129, 126, 241) *141
Total Active Halifax/Dartmouth Inventory: 5,857 (5,830, 6,006, 6,015, 5,960) *5,731
Absorption Rate in weeks: 45 (44, 48, 44, 44) *47
Single Family Home Stats
Active Single Family Home: 3,958 (3,938, 4,085, 4,096, 4,085) *3,827
Average Single Family Home List Price: $297,054 ($293k, $306k, $320k, $319k) *$306k
Average Single Family Home Selling Price: $284,479 ($278k, $296k, $293k, $308k) *$297k
Single Family Home Sale to List Ratio This Week: 96% (95%, 97%, 92%, 96%) *97%
Median Single Family Home List Price: $260,000 ($260k, $265k, $288k, $264k)
Median Single Family Home Sold Price: $250,000 ($248k, $263k, $269k, $258k)
Average Days on Market Single Family Home: 101 (104, 104, 122, 100) *120
Active Condos: 501 (484, 516, 517, 514) *521
Average Condo Listing Price: $240,950 ($246k, $234k, $246k, $271k) *$265k
Average Condo Selling Price: $233,066 ($238k, $225k, $231k, $262k) *$257k
Condo Sale to List Ratio This Week: 97% (96%, 96%, 94%, 96%) *97%
Median Condo List Price: $224,950 ($230k, $228k, $239k, $260k)
Median Condo Sold Price: $215,000 ($223k, $219k, $249k, $257k)
Average Days on Market Condos: 97 (97, 77, 89, 74) *84
Active Vacant Lots: 1,086 (1,097, 1,089, 1,091, 1,067) *1,028
The odd ebb and flow continues this week with inventory gains in almost all sectors or the market. Might be the slower sales, the smaller amount of expired/cancelled listings, and the slightly increased new additions to the market that has caused the comeback, but for a time when annual trend is supposed to point downward in the inventory section, the market, I guess, has different ideas. Value remains solid this week (as always), and average days on market hold steady around the three month mark. Still, with a decent amount of accepted offers on the table this week, it appears that the late start to the market year has cause a late ending to it as well. Not sure there is anyone complaining about it, and I'm sure that most people would encourage the activity to stay around much longer, including me. Thanks for stopping by!
THE WEEKLY ADOGTABLE
Look at the gorgeous colors on this boy. Echo is a sweet and handsome Lab-Pitty mix boy who just celebrated his 1st birthday on July 5th. He is 62 pounds, is crate trained and spends his time alone in the house in a crate. Echo is up to date with all his vaccines and is neutered. He plays rough and sometimes gets a little rambunctious but never has an intent to hurt anyone. He is not mean or aggressive ever... just doesn't know his own strength.
Echo isn't that great with cats so a home with cats or small animals is not recommended. He has a lot of energy and needs someone to spend time with him to train him and help him expend that energy.
Children tend to be playmates to him and with his rough play run the risk of getting hurt. With the right direction Echo would be great but until then he is best not to be in a home with small children.
Echo is still very much a puppy and really wants to be a good boy but gets into a lot of trouble because his Mom hasn't had the time to spend with him to train him properly. He is VERY motivated with food and would be easy to train given the opportunity. He is not good on a leash but can sit and stay when food is a motivator and has a fairly good recall when not distracted
Echo still has the occasional accident in the house and will steal food if given the slightest opportunity. Echo truly would be an awesome dog for someone who has the time to train him properly. He is a loveable and loyal dog, not a mean bone in his body, and just needs the right home.
This "cuddly companion" is available through Litters and Critters, 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.
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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