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 January 11th - January 18th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 263 (151, 141, 160, 246) *225
Sold: 78 (55, 112, 96, 116) *82
Sale To Listing Ratio: 30% (36%, 79%, 43%, 47%) *36%
Price Changes: 116 (93, 53, 73, 116) *106
Listings that went conditional/pending: 139 (77, 94, 109, 103) *100
Expired/Cancelled/Withdrawn: 75 (100, 163, 116, 341) *124
Total Active Halifax/Dartmouth Inventory: 3,534 (3,487, 3,676, 3,781, 3,836) +4,106
Absorption Rate in weeks: X ( X, 32, 33, 31) *66
Single Family Home Stats
Active Single Family Home: 1.937 (2,053, 1,988, 2,061, 2,119) *2,388
Average Single Family Home List Price: $297,415 ($355k,$330k,$334k,$305k) *$304k
Average Single Family Home Selling Price: $275,164 ($310k,$317k,$321k,$296k) *$293k
Single Family Home Sale to List Ratio This Week: 93% (87%, 96%, 96%, 97%, 97%) *96%
Median Single Family Home List Price (6 mo): $275,000 ($280k,$279k,$279k,$279k)*$280k
Median Single Family Home Sold Price (6 mo): $269,100 ($268k,$270k,$270k,$270k)*$270k
Average Days on Market Single Family Home: 108 (96, 77, 69, 94) *117
Active Condos: 349 (325, 355, 369, 374) *393
Average Condo Listing Price: $275,732($266k, $249k, $249k, $257k) *$220k
Average Condo Selling Price: $267,293 ($258k, $240k, $242k, $247k) *$209k
Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 96%) 95%
Median Condo List Price (6 mo): $239,450 ($239k, $244k, $249k, $246k) *$230k
Median Condo Sold Price (6 mo): $239,000 ($235k, $249k, $240k, $239k) *$225k
Average Days on Market Condos: 139 (92, 98, 97, 65) *126
Active Vacant Lots: 918 (904, 961, 964, 958) *1,084
Not really the burst out of the gate that might have been anticipated, but it's still early. I imagine the entrance of Winter has stifled some would be buyers from trekking out, and also paused would be sellers from attempting the market. Certainly, there were a few days last week that most of the city hunkered down, so volume of activity is less expectant. especially during those times. Getting into it, however, there was a healthy amount of new additions this week (up from last year at this time), and an average amount of sales for the time of year. It will definitely be sketchy over the next few weeks, and Winter months are always a roll of the dice when it comes to predictability. It really comes down to mother nature, and just how strict or lenient she is given the day. In any case, it's always good to stay on top of the changing market, which can happen quickly, and that means staying tuned to the blog for all your Halifax real estate needs. Don't forget to check out the 2017 year in review by scrolling down, and thank you for stopping by!
The Weekly Adogtable!
Meet lovable Loly! She was spayed, microchipped and vaccinated months ago. Loly is a female aged 5 years old with medium energy Spay, microchipped , vaccinated and on parasite prevention. Loving temperment and thinks she is a lap dog. Pet free clicker and positive reinforcement trained. No pets or kids for Loly as she is anxious. Can be head strong but we figured out she will work for her food. kids yes but school aged ideal because she is used to that age and may forget not to jump up . Loving temperment ,Thinks she is a lap dog. no cats and no dogs becomes too excited Pulls on leash if she sees a bird ect due to a prey drive but, on her gentle leader things are better. knows basic commands, sit, down, refocuses on handler when unsure Is crate trained but totally trustworthy uncrated.
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about her 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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah