The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
24Halifax (HRM) Residential Statistic Update for the Week of May 24th - May 31st, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 350 (336, 420, 379, 376) *387
Sold: 194 (195, 202, 186, 169) *180
Sale To Listing Ratio: 55% (58%, 48%, 49%, 45%) *47%
Price Changes: 264 (165, 215, 204, 204) *248
Listings that went conditional/pending: 247 (195, 237, 191, 189) *248
Expired/Cancelled/Withdrawn: 81 (90, 69, 82, 87) *218
Total Active Halifax/Dartmouth Inventory: 4,235 (4,229, 4,193, 4,088, 3,989) +4,862
Absorption Rate in weeks: 22 (23, 23, 23, 23) *25
Single Family Home Stats
Active Single Family Home: 2,472 (2,480, 2,426, 2,364, 2,309) *2,987
Average Single Family Home List Price: $339,325 ($322k,$356k,$348k,$340k) *$326k
Average Single Family Home Selling Price: $332,889 ($313k,$341k,$341k,$330k) *$317k
Single Family Home Sale to List Ratio This Week: 98% (97%, 95%, 98%, 97%) *97%
Median Single Family Home List Price (6 mo): $286,000 ($285k,$285k,$286k,$285k)*$279k
Median Single Family Home Sold Price (6 mo):$279,900 ($280k,$280k,$280k,$278k)*$270k
Average Days on Market Single Family Home: 53 (50, 62, 59, 64,) *60
Active Condos: 415 (408, 410, 383, 379) *481
Average Condo Listing Price: $307,082 ($285k, $254k, $265k, $225k) *$289k
Average Condo Selling Price: $297,544 ($279k, $247k, $255k, $217k) *$281k
Condo Sale to List Ratio This Week: 97% (98%, 97%, 97%, 97%) 97%
Median Condo List Price (6 mo): $237,700 ($236k, $236k, $235k, $235k) *$230k
Median Condo Sold Price (6 mo): $226,500 ($225k, $225k, $225k, $225k) *$220k
Average Days on Market Condos: 59 (88, 95, 41, 54) *150
Active Vacant Lots: 975 (983, 1,000, 993, 966) *1,145
Another solid week of reporting of the Halifax real estate market. May certainly turned out out to be no slouch when it came to setting things straight. Despite April having mediocre, and sometimes below average reports, May took the ball and ran with it....all the way to the end zone! For the second week in a row we witnessed sales to list ratios over 50%, and that can pretty much be said for the entire month, as the averages hovered oh so close to the 50% mark. Just further footing into the balanced market environment, despite the reluctancy for some to think it so. Although, we are still seeing a bit of drag in some areas of the city, and some product types. It's a good market climate for most out there currently (especially sellers), and an seemingly unpredictable one, despite the slow gain trend year over year. Just make sure to keep your eye to the blog to stay on top of things! Thanks for stopping by!
The Weekly Adogtable!
Dixie has a smile for days! Up to date on vaccines and on parasite protection. Breed experience an asset Requires a pet free , small child free home Loves fetch and playing frisbe. Great traveler. Has had a hard life and needs patience and love to over come her fears. Requires a house and yard, no apartments or a spacious rural property where she can play and not constantly be flooded by seeing other dogs . She loves to go on trails and may even like the water. Not destructive if you work, she is fine. She loves people just needs an introduction.
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and 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!
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Newest Blog post HERE
Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah