The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
Halifax (HRM) Residential Statistic Update for the Week of September 14th - September 21st, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 272 (322, 275, 242, 298) *378
Sold: 143 (156, 117, 137, 151) *135
Sale To Listing Ratio: 53% (48%, 43%, 57%, 51%) *36%
Price Changes: 218 (222, 188, 181, 189) *215
Listings that went conditional/pending: 165 (180, 152, 159, 149) *158
Expired/Cancelled/Withdrawn: 130 (121, 324, 120, 94) *133
Total Active Halifax/Dartmouth Inventory: 4,602 (4,637, 4,615, 4,644, 4,817) *5,378
Absorption Rate in weeks: 33 (33, 33, 32, 33) *45
Single Family Home Stats
Active Single Family Home: 2,833 (2,874, 2,861, 2,872, 2,974) *3,449
Average Single Family Home List Price: $298,375 ($284k,$290k,$302k,$268k) *$297k
Average Single Family Home Selling Price: $289,939 ($276k,$278k,$292k,$259k) *$285k
Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 97%, 97%) *96%
Median Single Family Home List Price (6 mo): $279,000 ($279k,$279k,$279k,$279k)*$266k
Median Single Family Home Sold Price (6 mo): $270,000 ($270k,$270k,$271k,$270k)*$255k
Average Days on Market Single Family Home: 69 (78, 86, 72, 75) *103
Active Condos: 413 (412, 408, 419, 420) *476
Average Condo Listing Price: $244,200 ($220k, $241k, $246k, $259k) *$274k
Average Condo Selling Price: $231,250 ($209k, $233k, $236k, $250k) *$263k
Condo Sale to List Ratio This Week: 95% (95%, 97%, 96%, 97%) 97%
Median Condo List Price (6 mo): $239,900 ($240k, $240k, $242k, $245k) *$222k
Median Condo Sold Price (6 mo): $230,000 ($230k, $230k, $230k, $232k) *$215k
Average Days on Market Condos: 82 (117, 74, 88, 101) *121
Active Vacant Lots: 1,126 (1,133, 1,141, 1,150, 1,196) *1,168
The last day of Summer is here... The overall Summer activity continued where the Spring market left off; hot to trot, and leaving a trail of sold signs in its wake. The anticipation is that the Fall market will be just as active and continue the trend into a stronger balanced market foothold, but time will surely tell. Still, certain area's of the HRM are waiting for the activity to catch them, and others are beside themselves with the good fortune of catching the "right time to sell". Still lots of Buyer activity out there, and with lower inventory week over week, the competition to purchase is heating up! Listing's are spending much less time on the market this year compared to last, and overall values are slightly higher as well. Good news all around (except for Buyers in certain areas and price point), but a welcome change for most Sellers. Still lots of market year left however, so stay tuned to the blog and stay on go things! Thanks for stopping by!
Just Look at That Smile :)
The Weekly Adogtable!
Meet Parker. His story: found abandoned /stray and had until Sept 22 for a rescue to step up or would hav been euthanised due to Breed legislation
weight: 22.3kg. Vaccinated bordetella 15-09 but needs vaccines on us and ntage for flea prevention.
He will settle once here. When crated he can be vocal. Gets excited when first approached and eats immediately when given food. Anxious when left alone. Dog SOCIAL. Tested with cats but no prey drive noted. Affectionate with strangers. Energetic, active.
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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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