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 June 2nd - June 9th 2016
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 397 (382, 355, 414, 452) *479
Sold: 171 (171, 148, 160, 174) *183
Sale To Listing Ratio: 43% (45%, 42%, 39%, 39%) *38%
Price Changes: 329 (333, 245, 252, 255) *388
Listings that went conditional/pending: 203 (208, 184, 185, 200) *193
Expired/Cancelled/Withdrawn: 148 (231, 125, 104, 102) *128
Total Active Halifax/Dartmouth Inventory: 5,377 (5,319, 5,621, 5,330, 5,241) *5,691
Absorption Rate in weeks: 33 (33, 35, 34, 33) *34
Single Family Home Stats
Active Single Family Home: 3,605 (3,576, 3,571, 3,571, 3,526) *3,971
Average Single Family Home List Price: $307,301 ($297k, $295k, $287k, $335k) *$327k
Average Single Family Home Selling Price: $298,990 ($288k, $287k, $279k, $325k) *$296k
Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *91%
Median Single Family Home List Price: $284,800 ($276k, $280k, $270k, $300k) *$259k
Median Single Family Home Sold Price: $277,000 ($272k, $278k, $259k, $292k) *$251k
Average Days on Market Single Family Home: 80 (81, 95, 78, 81) *104
Active Condos: 486 (478, 474, 453, 453) *518
Average Condo Listing Price: $232,431 ($225k, $295k, $314k, $308k) *$255k
Average Condo Selling Price: $223,815 ($218k, $282k, $307k, $301k) *$250k
Condo Sale to List Ratio This Week: 96% (97%, 95%, 98%, 98%) *98%
Median Condo List Price: $231,950 ($200k, $282k, $325k, $265k) *235k
Median Condo Sold Price: $220,000 ($188k, $276k, $313k, $256k) *225k
Average Days on Market Condos: 75 (42, 133, 76, 64) *96
Active Vacant Lots: 1,030 (1,023, 1,027, 1,034, 1,016) *928
Full steam ahead! Rolling into the first week of the month with a respectable report, this week carries forward the positive momentum created by the previous months of the year. Although it hasn't been a "pedal to the metal" selling year by any means, it has still been a "slowly getting to the destination at or below the speed limit" trend. All good things, and although we are currently besting the bloated market of last year, the margin of that performance is small. Sales are a touch lower, but the new addition are fewer as well which is encouraging the strong sales to list ratio. Buyer activity is still up as reported by the listings that went conditional/pending but it seems as though that statistic, along with a few others, are too close to call from last year this time. No doubt we were into the full swing of peak activity at this time last year, and the general feeling is that we are currently in the peak of the activity as far as volume is concerned now. One thing remains constant regardless of the volume, the performance levels and general reports have been consistent in the last few months, percentage wise. Strength in the market has been growing as well, and hopefully it will continue to grow well into the market year. Thanks for stopping by!
Gunna is a 3 year old Staffie in need of a home! He is a very sweet, loving dog who is house and kennel trained, walks great in lead, knows all of his commands(sit,down, come, place, heel, look, out, break, good, stay is implied) has great impulse control in distracting environments, trained for off leash and is neutered. Gunna originally went into rescue two years ago after spending many months in a no-kill shelter. From there he went to training with Unleashed Potential to work on a few behavioral issues where he was then adopted out. Unfortunately, the home that he went to did not keep up on any of his training so it was decided that it would be best if he found another person who would continue to spend time with him, socializing him, taking him places, and maintaining his training. Gunna is currently in a temporary foster home, but he needs a new home ASAP! He is a great dog, but he does have some possession issues with food and bones while he is in his kennel. The simple fix to this, would simply be to close the door and leave him alone while he has these items. He had been possessive of his ball when he first went to foster, but has learned a solid 'out' and now loves to play fetch! Gunna would be best suited to a home with no small children and as the only dog since he does take a little while to warm up to new dogs. If another dog was to be in the home, his adopter would have to take their time integrating the two of them. Gunna comes with an initial training session to help educate his new owners on everything he already knows, as well as free group classes for life in PEI, HRM, or the Valley NS.
This "cuddly companion" is available through Siblings K9 Rescue Society, a non profit rescue organization from Windsor, 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