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 December 22nd-29th, 2016
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 59 (145, 115, 194, 243) *247
Sold: 36 (90, 89, 96, 99) *82
Sale To Listing Ratio: 61% (62%, 77%, 50%, 41%) *43%
Price Changes: 36 (49, 96, 116, 129) *121
Listings that went conditional/pending: 37 (57, 81, 99, 111) *100
Expired/Cancelled/Withdrawn: 103 (191, 121, 385, 340) *311
Total Active Halifax/Dartmouth Inventory: 4,343 (4,394, 4,394, 4,554, 4,641) *4,850
Absorption Rate in weeks: 56 (47, 45, 43, 42) *45
Single Family Home Stats
Active Single Family Home: 2,521 (2,556, 2,556, 2,690, 2,767) *3,144
Average Single Family Home List Price: $331,210 ($314k, $286k, $299k, $321k) *$303k
Average Single Family Home Selling Price: $329,639 ($298k, $274k, $287k) *$290k
Single Family Home Sale to List Ratio This Week: 99% (95%, 96%, 96%, 97%) *96%
Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$256k
Median Single Family Home Sold Price (6 months): $270,000 ($270k, $270k, $271k, $272k) *$249k
Average Days on Market Single Family Home: 112 (97, 118, 90, 125) *110
Active Condos: 425 (435, 435, 449, 460) *408
Average Condo Listing Price: $575,000 (one condo sale last week) ($228k, $235k, $274k, $262k) *$219k
Average Condo Selling Price: $537,500 (one condo sale last week) ($217k, $222k, $260k, $258k) *$208k
Condo Sale to List Ratio This Week: 94% (95%, 95%, 95%, 98%) 95%
Median Condo List Price (6 months): $234,900 ($235k, $230k, $230k, $230k) *247k
Median Condo Sold Price (6 months): $225,000 ($225k, $224k, $222k, $222k) *237k
Average Days on Market Condos: 91 (131, 106, 63, 74, 96) *91
Active Vacant Lots: 1,126 (1,134, 1,134, 1,137, 1,137) *941
And here it is folks, the last post of 2016! What a whirlwind year, and no doubts a very interesting one for our market here in Halifax. Lots of improvement in several areas of the market, and it continues to improve as we approach the new year. As you can see, this week reports the lowest amount of activity accross the board for the year, but that doesn't mean inquiries and interest have stopped, quite opposite really. I will have the annual 2016 market report up in the first week of January, so be sure to stop by and see just how we faired compared to the last few years. I know I'm very excited to get it put together, and even more interested to se the results.
I just wanted to take this opportunity to wish you all a Happy New Year! Don't forget to check this weeks adoptable, and the others that are availible who are waiting for their Christmas miricle. Looking to buy or sell in the new year? I would be pleased to assist with all of your property needs, so please do not hesitate to reach out!
Gunner is a sweet, young amstaff looking for his new start on life. Although Gunner may sometimes appear very shy and submissive, he quickly warms up with any amount of affection and almost immediately begins looking for snuggles and loves. He's quite jumpy and mouthy in play, so definitely no young children (12+ only) for this exuberant guy! Due to his dominant dog-to-dog personality, Gunner is a lone wolf- we recommend no other dogs in the home and no kitties, as he tends to think of them as toys to play with! If Gunner sounds like your kind of guy, come on in and meet him today!!!
This "cuddly companion" is available through Homeward Bound City Pound, 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
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.
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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