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 November 23rd - November 30th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 191 (200, 223, 214, 237) *243
Sold: 134 (115, 135, 123, 121) *99
Sale To Listing Ratio: 70% (56%, 61%, 58%, 51%) *41%
Price Changes: 107 (114, 136, 179, 148) *129
Listings that went conditional/pending: 127 (133, 130, 138, 140) *111
Expired/Cancelled/Withdrawn: 105 (138, 130, 144, 337) *340
Total Active Halifax/Dartmouth Inventory: 4,057 (4,102, 4,142, 4,165, 4,227) 4,641
Absorption Rate in weeks: 32 (33, 32, 33, 33) *42
Single Family Home Stats
Active Single Family Home: 2,256 (2,307, 2,492, 2,511, 2,562) *2,767
Average Single Family Home List Price: $319,126 ($347k,$302k,$286k,$286k) *$321k
Average Single Family Home Selling Price: $310,546 ($331k,$290k,$275k,$274k) *$310k
Single Family Home Sale to List Ratio This Week: 97% (95%, 96%, 96%, 96%) *97%
Median Single Family Home List Price (6 mo): $279,000 ($279k,$280k,$280k,$275k)*$280k
Median Single Family Home Sold Price (6 mo): $270,000 ($270k,$270k,$270k,$265k)*$273k
Average Days on Market Single Family Home: 90 (77, 73, 80, 78) *125
Active Condos: 389 (393, 397, 403, 394) *460
Average Condo Listing Price: $261,447 ($227k, $213k, $193k, $262k) *$262k
Average Condo Selling Price: $231,383 ($217k, $209k, $185k, $257k) *$258k
Condo Sale to List Ratio This Week: 88% (96%, 98%, 96%, 98%) 98%
Median Condo List Price (6 mo): $244,900 ($246k, $249k, $249k, $249k) *$230k
Median Condo Sold Price (6 mo): $236,000 ($239k, $240k, $240k, $240k) *$222k
Average Days on Market Condos: 83 (144, 76, 88, 107) *74
Active Vacant Lots: 1,016 (1,002, 1,003, 1,008, 1,023) *1,137
Would you take a look at that sales to list ratio! With the slowest listing time of the year coinciding with the lowest inventory levels of the year, coupled with the continued buyer activity, presents aren't the only things flying off the shelves for weary buyers. Sometimes you hit a perfect star alignment, and this week seems to be just that. Inventory this week continues to decline as we approach the holiday season and end of the year, but it looks like buyers are still trying to squeeze every last minute out of the market. With each passing day though, there's less and less to choose from, and the hope is that the new market year will be a bit more fruitful of a search for those that couldn't seal the deal. Surprising year for quite a few areas of the market, and the players that participated this year, Stay tuned as we close out the year with a bang, and see the overall impact of what turned out to be quite the exciting market year. Thanks for stopping by!
Meet Walter, the gentle giant.
The Weekly Adogtable!
Walter is a giant senior pup looking to live out his golden years in the best way he can! He is a bit of a lazy boy who loves to curl up on a big bed and snore the day away, with the occasional walk to keep him in shape. Walter prefers to keep to himself, but he's more than willing to seek out attention and some lovings from his people when he wants it.
Potential adopters are advised that Walter has chronic medical issues, and will require lifelong medication(s) to help manage his skin allergies and arthritis, which can be costly for a dog of his size. Our staff will be happy to explain in further detail and address any questions or concerns upon visiting the shelter during our adoption hours.
Walter would thrive best in a home:
-Without other animals (due to reactivity)
-With children over the age of 16 years
-With an adopter who is financially prepared to commit to Walter's lifelong medical expenses and dietary needs (palliative adoption)
-Preference for experienced adopters who are familiar with dog behaviours
This "cuddly companion" is available through Homeward Bound City Pound, 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!
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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah