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 April 13th - April 20th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 295 (402, 416, 306, 289) *393
Sold: 132 (174, 141, 112, 117) *155
Sale To Listing Ratio: 45% (43%, 34%, 37%, 41%) *39%
Price Changes: 145 (164, 166, 156, 116) *193
Listings that went conditional/pending: 159 (173, 176, 145, 163) *182
Expired/Cancelled/Withdrawn: 89 (115, 230, 73, 78) *106
Total Active Halifax/Dartmouth Inventory: 4,686 (4,686, 4,596, 4,577, 4,490) *4,961
Absorption Rate in weeks: 34 (34, 38, 43, 43) *37
Single Family Home Stats
Active Single Family Home: 2,817 (2,805, 2,733, 2,696, 2,639) *3,333
Average Single Family Home List Price: $350,164 ($320k, $298k, $313k, $314k) *$302k
Average Single Family Home Selling Price: $337,717 ($309k, $287k, $305k, $306k) *$293k
Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%, 97%) *97%
Median Single Family Home List Price (6 mo): $279,900 ($275k, $275k, $278k,$279k) *$277k
Median Single Family Home Sold Price (6 mo): $269,900 ($268k,$266k,$268k,$268k)*$271k
Average Days on Market Single Family Home: 86 (85, 115, 89, 86) *98
Active Condos: 468 (463, 466, 465, 452, 440) *446
Average Condo Listing Price: $236,023 ($249k, $224k, $252k, $334k) *$275k
Average Condo Selling Price: $231,316 ($234k, $215k, $244k, $320k) *$267k
Condo Sale to List Ratio This Week: 98% (95%, 96%, 97%, 96%) 97%
Median Condo List Price (6 mo): $224,200 ($224k, $220k, $225k, $225k) *$283k
Median Condo Sold Price (6 mo): $215,000 ($215k, $215k, $215k, $218k) *$271k
Average Days on Market Condos: 162 (161, 70, 56, 87, 146) *75
Active Vacant Lots: 1,168 (1,164, 1,154, 1,174, 1,161) *949
Although there is positive Buyer activity out there, it seems there is still a reluctance to engage in the Spring market. Listings took a bit of a nap this week and reported much lower than usual, but that was also met with lower Buyer interest. The market still seems a bit sleepy, especially for this time of year, but no doubts there is a burst on the verge of happening. Activity overall was down this week, and I would imagine the Easter weekend was a factor, as Buyers and Sellers took the time to spend with friends and family rather than getting their property needs worked on. Certainly, the next few weeks will set the tone for the Spring summary, and gauge if the late start will ebb into the Summer. Keep a pulse on the market by checking in to the Halifax Real Estate blog, and find out how things shake out! Thanks for stopping by!
Owner surrender and he is terrified and timid since drop off./ He whines and is afraid of crates. Very hungry and skinny Dogs: yes very playful and polite Cats: unknown kids: Absolutely!! strangers: wonderful! Miko has no bite history and is also not very uninterested in toys. He does pulls on the leash. and weights about 60 pounds.
This "cuddly companion" is available through Good Bones Dog Rescue, 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
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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