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 October 15th 2015 - October 22nd 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New or Back to Market Listings: 240 (265, 328, 553, 326) *326
Sold: 106 (87, 117, 129, 128) *108
Sale To Listing Ratio: 44% (33%, 36%, 23%, 39%) *33%
Price Changes: 289 (215, 243, 295, 289)
Listings that went conditional/pending: 124 (113, 144, 145, 140) *110
Expired/Cancelled/Withdrawn: 208 (161, 344, 321, 172) *130
Total Active Halifax/Dartmouth Inventory: 5,668 (5,693, 5,720, 5,729, 5,841) *5,485
Absorption Rate in weeks: 52 (49, 45, 46, 48) 52
Single Family Home Stats
Active Single Family Home: 3,817 (3,822, 3,860, 3,869, 3,935) *3,625
Average Single Family Home List Price: $291,176 ($255k,, $250k, $289k, $267k) *$293k
Average Single Family Home Selling Price: $268,731 ($243k, $242k, $280k, $256k) *$281k
Single Family Home Sale to List Ratio This Week: 92% (95%, 97%, 96%, 96%) *96%
Median Single Family Home List Price: $257,900 ($245k, $250k, $282k, $259k)
Median Single Family Home Sold Price: $241,385 ($228k, $248k, $257k, $252k)
Average Days on Market Single Family Home: 87 (113, 71, 157, 82) *101
Active Condos: 468 (475, 461, 474, 497) *505
Average Condo Listing Price: $322,750 ($243k, $262k, $291k, $360k) *$248k
Average Condo Selling Price: $315,584 ($230k, $251k, $280k, $349k) *$237k
Condo Sale to List Ratio This Week: 98% (91%, 96%, 96%, 97%) *96%
Median Condo List Price: $299,450 ($240k, $240k, $233k, $236k)
Median Condo Sold Price: $289,343 ($226k, $229k, $225k, $226k)
Average Days on Market Condos: 90 (101, 92, 150, 145) *98
Active Vacant Lots: 1,084 (1,108, 1,102, 1,083, 1,097) *1,015
Well that was quick! Feels like last week that the sun was shining and shorts were the clothing of choice, this week, jackets are must! Although the weather has turned on us, our market hasn't shared the same trend...yet. Still some property shoppers out there looking for "the right fit", and others that are looking to offload their properties. The overall inventory gap is starting to close with single family homes not too far from last years stats, and we actually have less condo products on the market this year than last. Things may be shaping up! Still, we have a while to go yet with the rest of the year, and I know there is quite a few people with fingers and toes crossed that momentum will carry, and hopefully increase. I'll be interested to see how the remainder of the year goes, that's for sure. Thanks for stopping by!
THE WEEKLY ADOGTABLE
Newly arrived to Good Bones Dog Rescue is Freya. She is spayed, micro chipped, and up to date on vaccines and CAT FRIENDLY. Frieda loves attention and is so affectionate. She loves belly rubs . Walks well on her freedom a harness but does jump up to greet so we will need to tweak this.
This "cuddly companion" 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.
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
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