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 April 9th - April 16th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 518 (459, 459, 326, 344) *563
Sold: 112 (80, 110, 100, 97) *152
Sale To Listing Ratio: 22% (17%, 24%, 31%, 29%) *27%
Listings that went conditional/pending: 146 (118, 128, 109, 108) *133
Expired/Cancelled/Withdrawn: 91 (106, 206, 61, 64) *106
Total Active Halifax/Dartmouth Inventory: 4,756 (4,633, 4,532, 4,554, 4,493) *4,941
Active Single Family Home: 3,158 (3,055, 2,967, 2,944, 2,885) 3,307
Average Single Family Home List Price: $287,151 ($298k, $299k, $302k, $298k) $287k
Average Single Family Home Selling Price: $278,311 ($290k, $290k, $288k) $278k
*Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%)
Average Days on Market Single Family Home: 101 (101, 123, 99, 115) *97
Active Condos: 507 (501, 482, 484, 488) *371
Average Condo Listing Price: $249,080 ($259k, $259k, $267k, $256k) *$270k
Average Condo Selling Price: $241,230 ($255k, $251k, $251k, $245k) *$260k
*Condo Sale to List Ratio This Week: 97% (98%, 97%, 94%, 97%)
Average Days on Market Condos: 109 (56, 89, 105, 75) *97
Absorption Rate in weeks: 47 (48, 46, 48, 48)
Active Vacant Lots: 832 (829, 833, 862, 860)
And they're off! Although the icepacks remain in some areas, walkways seems to be clear, driveways shovelled off and peeks of grass are becoming visible throughout the city. With the worst behind us, sellers gear up to attempt the waking Spring market. With a bit of a backlog, my prediction was that within the next few weeks we would see abnormally high amounts of listings to market, if weather was truly a factor stunting its growth. This week marks a high point for annual listing so far, but still trails the blast from last year this time. That being said, we did see a rather positive sale report this week despite the history of poor conditions that these sales would have no doubt had to overcome. Buyers activity remains positive again this week, as you can see by the amount of accepted offers that happened (conditional/pending change), coupled with increased showing activity throughout the region. "Better late than never" the saying goes, and here's to hoping that this positive momentum is a sign of good things to come. Thanks for stopping by!
Mya is a very sweet, friendly and pretty four-year-old Lab/Am Staff mix who would make any family a wonderful new addition. She is housetrained – she will sit by the door and bark when she needs to go out to do her business – and knows some basic commands (sit, paw, down). Her leash manners are good, once she gets that first bit of energy out of her system! She pulls sometimes, especially if she catches an interesting scent, but she also falls into heel position easily when she settles down. She is very affectionate and loves to snuggle and give kisses to her people.
Mya sometimes she forgets she is a 70 pound puppy and shares her love a bit too keenly, so families with smaller kids should keep an eye on her when she plays around little ones. Squeaky toys are her favourite – she likes to pull the squeakers out in typical Lab fashion! She loves to sleep in the big bed with her four-legged foster siblings – and doesn’t snore!
In her short life Mya has been a momma dog many times over and does have some skin allergies. She is taking medication for her skin and will be done with that soon. She is getting ear drops for an infection that was caused by her allergies. A grain-free diet has helped with her allergies immensely, and it is easy to find in pet supply stores. Mya has a great big appetite and will wander to other pet bowls when hers is empty. She is easy to re-direct and hasn’t shown any signs of food aggression. Mya likes having other dogs to play with, but she does try to be the boss sometimes, so a laid-back companion would suit her fine.An active family would be best for Mya, and one who is familiar with caring for a confident dog.
This "giving gal" is available through Litters' n Critters, a non profit rescue organization from Dartmouth, Nova Scotia. More info about her, 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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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