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 April 12th - April 19th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 338 (382, 280, 295, 70) *295
Sold: 169 (158, 125, 114, 134) *132
Sale To Listing Ratio: 50% (41%, 45%, 39%, 50%) *45%
Price Changes: 166 (119, 119, 137, 102) *145
Listings that went conditional/pending: 184 (217, 154, 142, 134) *159
Expired/Cancelled/Withdrawn: 78 (106, 66, 67, 81) *89
Total Active Halifax/Dartmouth Inventory: 4,027 (3,958, 3,864, 3,901, 3,722) +4,687
Absorption Rate in weeks: 29 (30, 30, 30, 30) *34
Single Family Home Stats
Active Single Family Home: 2,323 (2,277, 2,132, 2,103, 2,047) *2,817
Average Single Family Home List Price: $355,927 ($334k,$326k,$325k,$301k) *$350k
Average Single Family Home Selling Price: $345,371 ($321k,$315k,$314k,$291k) *$338k
Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%,97%) *97%
Median Single Family Home List Price (6 mo): $279,900 ($280k,$279k,$278k,$276k)*$280k
Median Single Family Home Sold Price (6 mo):$274,900 ($272k,$270k,$270k,$270k)*$270k
Average Days on Market Single Family Home: 59 (67, 88, 69, 88) *86
Active Condos: 378 (371, 375, 367, 368) *468
Average Condo Listing Price: $235,072 ($243k, $232k, $252k, $242k) *$236k
Average Condo Selling Price: $225,863 ($236k, $225k, $242k, $232k) *$231k
Condo Sale to List Ratio This Week: 96% (97%, 97%, 96%, 96%) 98%
Median Condo List Price (6 mo): $239.000 ($239k, $238k, $239k, $239k) *$224k
Median Condo Sold Price (6 mo): $232,500 ($$232k, 232k, $234k, $234k) *$215k
Average Days on Market Condos: 77 (108, 82, 127, 97) *162
Active Vacant Lots: 977 (970, 1,008, 1,003, 986) *1,168
Listings continue to trickle to the market this week as we approach the end of April, mid point of the Spring market. So how are we doing so far this Spring? Well, listings have been hesitant to come to market (probably weather and timing related), and the first few weeks has seen an unusual ebb and flow of buyer activity, but all is well!. Don't get me wrong, buyers are still out in full force, but the Spring so far has seen active voids and tired spots for some reason unlike the end of the Winter, which was constantly buzzing right up to the end. In any case, we are still trucking right along! Well priced homes in desirable areas are still seeing multiple offer situations and fast sales, and overall, sellers are still enjoying the new balanced market. Buyers on the other hand are still getting a bit frustrated, but with the peak of inventory about to hit, there has been bit of relief as the stock choices continue to rise. Still lots of story left in the Spring market, so make sure to check in ofter to stay on top of things! Thanks for stopping by!
The Weekly Adogtable!
Meet KIRA. She is de wormed and up to date on vaccines. Happy and playful dog Jumps on people to greet excitedly very people social, very playful. Resource guarding (food + toys) w/ other animals, not with people so needs to be only pet in her home. Pulls on leash so needs gentle leader or no pull harness Can be left uncrated safely. Not destructive. Excited, docile and affectionate. Travels well in the car. Reactive to other dogs becomes very anxious around them so no dog parks or other dogs.
This "cuddly companion" is available through Good Bones Dog Rescue, 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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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