|
Halifax (HRM) Residential Market Statistic Update For Week of March 17th - March 24th 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New or Back to Market Listings: 346 (356, 345, 366, 266) *326 Sold: 117 (140, 100, 116, 100) *100 Sale To Listing Ratio: 34% (39%, 29%, 32%, 38%) *31% Price Changes: 130 (133, 40, 141, 139) Listings that went conditional/pending: 163 (149, 141, 172, 142) *109 Expired/Cancelled/Withdrawn: 116 (73, 163, 77, 104) *61 Total Active Halifax/Dartmouth Inventory: 4,641 (4,593, 4,466, 4,347, 4,303) *4,554 Absorption Rate in weeks: 39 (40, 44, 44, 45) *48 Single Family Home Stats Active Single Family Home: 3,092 (3,032, 2,914, 2,829, 2,777) *2,944 Average Single Family Home List Price: $279,242 ($287k, $283k, $281k, $281k) *$302k Average Single Family Home Selling Price: $270,845 ($276k, $274k, $272k, $269k) *$293k Single Family Home Sale to List Ratio This Week: 97% (96%, 97%, 97%, 96%) *97% Median Single Family Home List Price: $259,900($267k, $245k, $260k, $272k) Median Single Family Home Sold Price: $250,000 ($258k, $235k, $257k, $265k) Average Days on Market Single Family Home: 95 (94, 93, 100, 90) *99 Condo Stats Active Condos: 428 (421, 416, 402, 400) *484 Average Condo Listing Price: $291,675 ($225k, $256k, $305k, $277k) *$267k Average Condo Selling Price: $281,062 ($216k, $247k, $295k, $268k) *$251k Condo Sale to List Ratio This Week: 96% (96%, 96%, 97%, 96%) *94% Median Condo List Price: $231,900 ($160k, $250k, $301k, $191k) Median Condo Sold Price: $221,800 ($152k, $238k, $295k, $186k) Average Days on Market Condos: 54 (119, 109, 80, 121) *105 Active Vacant Lots: 906 (928, 922, 901, 903) *862 MARKET RANT Little bit of a mixed market this week. Although the overall inventory numbers continued to climb, and also continued the point spread from last year, activity is still up and better than last year this time. New listings continue to make their way to the market, and are now in higher numbers then the additions of last year. However, sales are reporting marginally better, and buyer activity, recorded as pending sales, are way up! Although mixed, this hot and cold reporting has the absorption rate continuing to drop, which is really the finger on the pulse of the current market. Value's remain strong on both tracked products, and even the days on market are reporting lower, however small. So, although there is some crossed report values, the overall market feeling is one of positive activity. Buyer activity, which has been noticeably higher, continues its run this week and shows no sign of slowing. Now if the rest of the stats would follow that trend, we'd be all set! Make sure to check in frequently to get the scoop on the latest developments, and thanks for stopping by!  Tygre is waiting for a place to call home WEEKLY ADOPTABLE Tygre (Ty for short) is a young amstaff mix searching for a home to call his own. His ideal home won't have any other pets or small children, as he is just learning how to socialize with them properly. Obedience training is mandatory upon his adoption, and confirmation of enrolment will need to be shown before taking him home. He's such a smart and handsome boy, ready to take on what the world brings him. Ty loves his treats and toys, and could play all day if you let him! This "cuddly companion" is available through the the Homeward Bound City Pound, 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 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!  The ViewPoint Realty Interactive Property Map VIEWPOINT REALTY
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 Comments are closed.
|
Jeremiah Wallace, CDJeremiah 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.. 
ListingsPhoto's by Jeremiah
Archives
August 2024
Categories
All
|
RSS Feed