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 September 8th - 15th, 2016
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 273 (252, 306, 228, 306) *305
Sold: 132 (85, 132, 153, 142) *130
Sale To Listing Ratio: 48% (34%, 43%, 67%, 46%) *43%
Price Changes: 250 (167, 210, 215, 200) *337
Listings that went conditional/pending: 117 (124, 147, 148, 167) *141
Expired/Cancelled/Withdrawn: 286 (286, 302, 115, 154) *179
Total Active Halifax/Dartmouth Inventory: 5,296 (5,233, 5,260, 5,377, 5,412) *5,835
Absorption Rate in weeks: 42 (41, 37, 38, 38) *46
Single Family Home Stats
Active Single Family Home: 3,430 (3,388, 3,426, 3,531, 3,556) *3,933
Average Single Family Home List Price: $306,094 ($332k, $283k, $316k, $278k) *$301k
Average Single Family Home Selling Price: $295,718 ($320k, $273k, $302k) *$290k
Single Family Home Sale to List Ratio This Week: 97% (96%, 96%, 96%, 95%) *96%
Median Single Family Home List Price: $279,000 ($290k, $260k, $265k, $253k) *$262k
Median Single Family Home Sold Price: $270,000 ($283k, $245k, $260k, $243k) *$250k
Average Days on Market Single Family Home: 98 (97, 94, 101, 102) *118
Active Condos: 478 (477, 479, 490, 502) *494
Average Condo Listing Price: $308,820 ($217k, $267k, $340k, $207k) *$244k
Average Condo Selling Price: $298,930 ($211k, $257k, $330k, $199k) *$238k
Condo Sale to List Ratio This Week: 97% (97%, 96%, 97%, 96%) *97%
Median Condo List Price: $312,400 ($200k, $250k, $260k, $184k) *234k
Median Condo Sold Price: $309,950 ($180k, $244k, $251k, $180k) *225k
Average Days on Market Condos: 66 (116, 77, 96, 61) *144
Active Vacant Lots: 1,112 (1,098, 1,090, 1,087, 1,088) *1,093
So I guess this week of September didn't get the memo that inventory usually continues its decent into the Winter months, since all products decided to add volume this week! Sometimes there's a bit of an "ebb and flow" as we settle into the slower time of the market year, so I have no doubts that this is one of those "off shot" kind of weeks. New listing additions continue to report lower week over week, and now that beginning of school week has ended, stats are coming around to their normal selves. Activity has also improved this week, although, it didn't quite get the report that last year did, which is a little bit unsettling. Again, the ebb and flow of our unpredictable market comes and goes, is both predictable and not so, but it is guaranteed to keep you guessing which way things will go. You'll have to stay tuned to find out, and to keep a pulse on the market here in Halifax. Thanks for stopping by!
Jojo is a very sweet and fun loving fella. He would be ideal in an active home where someone can put in the time to house train him and take him on adventures to the parks, hiking, or possibly swimming!
He has spent most of his life living outdoors and would love to learn how warm and cozy a home can be. With this though he will need someone understanding that will help teach him how to be an indoor doggy.
A home with children 16 years of age or older is best for Jojo as he does have a good energy level and is still learning to keep his four feet on the ground.
To help his new family and him with adjusting to this new lifestyle obedience is mandatory upon adoption.
If you would like to see this fella please stop into our shelter to meet him and take him out for a nice stroll.
This "cuddly companion" is available through the Dartmouth SPCA, 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
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The Viewpoint Realty Interactive Property Map
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!
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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