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 Week of April 16th - April 23rd 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 533 (518, 459, 459, 326) *466
Sold: 125 (112, 80, 110, 100) *127
Sale To Listing Ratio: 24% (22%, 17%, 24%, 31%) *27%
Listings that went conditional/pending: 162 (146, 118, 128, 109) *139
Expired/Cancelled/Withdrawn: 92 (91, 106, 206, 61) *59
Total Active Halifax/Dartmouth Inventory: 4,896 (4,756, 4,633, 4,532, 4,554) *5,040
Active Single Family Home: 3,258 (3,158, 3,055, 2,967, 2,944) 3,399
Average Single Family Home List Price: $305,584 ($287k, $298k, $299k, $302k) $289k
Average Single Family Home Selling Price: $295,948 ($278k, $290k, $290k) $281k
*Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%)
Average Days on Market Single Family Home: 116 (101, 101, 123, 99) *114
Active Condos: 534 (507, 501, 482, 484) *502
Average Condo Listing Price: $248,885 ($249k, $259k, $259k, $267k) *$264k
Average Condo Selling Price: $240,557 ($241k, $255k, $251k, $251k,) *$256k
*Condo Sale to List Ratio This Week: 97% (97%, 98%, 97%, 94%)
Average Days on Market Condos: 77 (109, 56, 89, 105) *126
Absorption Rate in weeks: 46 (47, 48, 46, 48)
Active Vacant Lots: 831 (832, 829, 833, 862)
Could it be? With the weather finally shaping up, somewhat, is our market heating up too? Another week in q positive direction as plenty of sellers rush onto the market to be greeted by a buzz of buyers, and their activity. As we have seen, despite the long winter, buyers have been quite active this year and this week is no exception. With a substantial amount of new listings over last year this time, it would appear that the bad weather cork has popped, and the rush to capture what's left of the Spring market has many sellers getting to the delayed task. Looking ahead, we can see by the listings that went conditional/pending this week, that buyer activity is not only maintaining, it's actually increasing. Absorption rate fell a week, which is an abnormal report for the spring market (especially for the amount of listings that have poured in). Sellers may be pleasantly surprised this Spring if priced appropriately, the amount of activity may seem a little bit different this year compared to the last few. With just a glimpse of a mildly improved climate, I can't help but wonder what a stretch of sunny days will bring. Stay tuned to find out!
Jackson is a beautiful, kind and loving 4 year old lab mix. He loves people, walks and hiding his bone as well as playing fetch. He can't get enough cuddles and freely gives hugs and kisses. Jackson knows "sit" and "give paw" but is usually enticed by a treat for these commands and could benefit from obedience training as he is an excitable boy.
He likes to bark when he is excited and since he is so excitable, might not be trusted off leash as you would not want to risk losing this cuddler.
He lives for attention so would be better suited to be the only dog in the home as he likes to be number one however he gets along with most dogs. He also doesn't mind cats and loves children. He may be better suited for a home with grown children as he jumps on people for hugs.
He is the sweetest and cutest boy and anyone would be incredibly lucky to have sweet Jackson as part of their family. Jackson weighs about 40 pounds and will be neutered this coming Wednesday. If you would like to meet Jackson, please read our adoption process located in the tabs section of this Facebook and the adoption application can also be found there as well
This "playful pal" is available through Litters' n Critters, 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 property 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.
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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