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 the Week of October 27th - November 3rd, 2016
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 374 (237, 299, 223, 321) *291
Sold: 114 (102, 111, 125, 139) *98
Sale To Listing Ratio: 31% (43%, 37%, 56%, 43%) *34%
Price Changes: 195 (193, 222, 187, 226) *250
Listings that went conditional/pending: 123 (125, 155, 119, 139) *126
Expired/Cancelled/Withdrawn: 458 (130, 171, 119, 420) *729
Total Active Halifax/Dartmouth Inventory: 4,905 (5,085, 5,099, 5,133, 5,161) *5,407
Absorption Rate in weeks: 43 (43, 40, 38, 37) *53
Single Family Home Stats
Active Single Family Home: 3,034 (3,162, 3,158, 3,210, 3,267) *3,593
Average Single Family Home List Price: $290,482 ($286k, $293k, $287k, $336k) *$295k
Average Single Family Home Selling Price: $279,979 ($274k, $283k, $278k) *$292k
Single Family Home Sale to List Ratio This Week: 96% (96%, 97%, 97%, 96%) *99%
Median Single Family Home List Price (6 months): $274,900 ($275k, $275k, $275k, $287k) *$280k
Median Single Family Home Sold Price (6 months): $267,000 ($267k, $268k, $268k, $270k) *$270k
Average Days on Market Single Family Home: 115 (91, 109, 112, 87) *115
Active Condos: 480 (491, 486, 488, 471) *445
Average Condo Listing Price: $256,583 ($216k, $180, $170k, $308k) *$440k
Average Condo Selling Price: $245,641 ($205k, $170k, $164k, $299k) *$429k
Condo Sale to List Ratio This Week: 96% (95%, 94%, 96%, 97%) 98%
Median Condo List Price (6 months): $234,900 ($237k, $239k, $240k, $320k) *285k
Median Condo Sold Price (6 months): $225,000 ($228k, $231k, $235k, $308k) *280k
Average Days on Market Condos: 96 (110, 68, 31, 177, 81) *76
Active Vacant Lots: 1,129 (1,158, 1,156, 1,157, 1,145) *1,073
Historically, November 1st and the first week of November mark the highest reduction from the market over the year, this week is no exception with 458 products coming off the market. Not as drastic as the 729 products that retreated last year at this time, but still enough to call significant. Granted, some listing contracts expire on the first of the month, and I would assume that the majority of property sellers would rather not sell their property in the winter, but there was a bit more of "let's keep testing the market" attitude comparably. Maybe the milder weather has kept the selling spirit alive, with a good sum of sellers rolling the dice for another commitment. Although some of these listings have come back to market and in higher numbers than last year, the overall inventory levels across the board are much healthier then last year. Values remain steady, and other stats reported averagely, so it would seem we are headed towards the sleepy valley of the winter market...but not willingly! Thanks for stopping by!
Jack is approx 1 year old, a Boxer- Lab mix and one of the sweetest down to earth dogs you will ever meet. He will pretty much do whatever to please his humans. He LOVES to cuddle and will get as close to you as possible if you allow him to sleep In a bed with you. He hates to be alone and will follow you everywhere. He is very strong and fast.
He is very smart and a very fast learner. He has shown no signs of food aggression, however he does eat extremely quickly but each day he is improving on this as we remind him to "leave it". He is extremely gentle with treats as long as you say "gentle", otherwise he takes them a little fast from the hand.
He LOVES to run and play fetch and can go for hours on end outside. He hasn't been around children while in our care but his report from what I could understand does say no babies/small children. He does like to jump on you so this may be why. He is also a little unpredictable with cats and I'm assuming he would be the same around small dogs. He is extremely interested and runs up to them really fast but hasn't growled or tried to bite them or anything of that nature. To be safe, we suggest a no cat/no small dog home would be best for Jacky boy. A home where someone is home often and where he won't be left alone for long periods would be best. Also, he does feed off other people and other dogs energy and I think he would do best in a home with older kids who understand this and aren't pulling and tugging at him.
This "cuddly companion" is available through the Litters n' Critters, a non profit rescue organization from Dartmouth, 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
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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