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 February 9th-16th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 178 (290, 316, 265, 225) 254
Sold: 79 (91, 85, 96, 82) *95
Sale To Listing Ratio: 44% (31%, 27%, 36%, 36%) *37%
Price Changes: 94 (137, 133, 109, 106) *121
Listings that went conditional/pending: 103 (131, 129, 101, 100) *117
Expired/Cancelled/Withdrawn: 73 (89, 191, 101, 124) *104
Total Active Halifax/Dartmouth Inventory: 4,217 (4,221, 4,172, 4,171, 4,106) *4,261
Absorption Rate in weeks: 48 (48, 51, 54, 66) *44
Single Family Home Stats
Active Single Family Home: 2,472 (2,467, 2,434, 2,423, 2,388) *2,739
Average Single Family Home List Price: $297,741 ($321k, $282k, $285k, $304k) *$274k
Average Single Family Home Selling Price: $289,535 ($311k, $271k, $273k, $293k) *$260k
Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 96%, 96%) *95%
Median Single Family Home List Price (6 months): $279,250 ($279k, $280k, $280k, $280k) *$250k
Median Single Family Home Sold Price (6 months): $268,000 ($267k, $268k, $270k, $270) *$237k
Average Days on Market Single Family Home: 75 (113, 113, 92, 117) *105
Active Condos: 409 (408, 398, 406, 393, 383) *394
Average Condo Listing Price: $209,736 ($208k, $354k, $272k, $220k) *$260k
Average Condo Selling Price: $202,854 ($198k, $345k, $266k, $209k) *$252k
Condo Sale to List Ratio This Week: 97% (95%, 97%, 98%, 95%) 97%
Median Condo List Price (6 months): $229,900 ($230k, $230k, $230k, $230k) *220k
Median Condo Sold Price (6 months): $220,500 ($222k, $223k, $222k, $225k) *215k
Average Days on Market Condos: 182 (178, 219, 97, 126, 92) *126
Active Vacant Lots: 1,098 (1,102, 1,099, 1,099, 1,084) *900
As you can imagine, this week's full potential may have been buried... by the crazy amount of snow we received! I'm not sure if you're a fan of Game of Thrones, but I saw a meme earlier in the week, and it was captioned perfectly for Halifax; "Winter is coming. The Entire thing, All at once. In one weekend". Sure it was mostly during the week, but it definitely struck a chord. As you can imagine, there is bound to be a few things that were affected by the copious amount of white stuff we received, but not as much as you would expect. Sellers seemed to be the ones shying away from the storm, and who could blame them? "All that shovelling, and I have to leave the house for showings, yeah, I'll hold off a couple more weeks thank you". All the while Buyers are still out there like "so I brought this shovel and snow shoes for our viewings, just need you to bring the flashlight". All jokes aside, activity is still trucking along, and regardless of the weather outside, people are still very active in their search. Of course, weather is a passing event, and so too is the pile of white stuff that currently litters the streets. When it clears, I close my eyes, and I can imagine warm sunny days and a hot Spring market in the near future! Time will tell if thats just a mirage, or reality. Stay tuned to find out! Thanks for stopping by!
Tyson: Please I need a loving home
Very loving, affectionate , neutered, vaccinated, fit and healthy 8 yr old am staff . walks great on his gentle leader . Tyson is a Victim of the BLS in Montreal.
He has in his past lived with a very submissive female dog but we feel he needs to be the only pet due to a prey drive and selectiveness. He has lived with two boys ages 10 and 12 in a foster home . Tyson has car anxiety so it would not be ideal pet if you need a dog to travel a lot.
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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 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!
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!
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