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 January 12th-19th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 225 (254, 218, 59, 145) *274
Sold: 82 (66, 65, 36, 90) *68
Sale To Listing Ratio: 36% (26%, 30%, 61%, 62%) *25%
Price Changes: 106 (107, 83, 36, 49) *136
Listings that went conditional/pending: 100 (83, 57, 37, 57) *137
Expired/Cancelled/Withdrawn: 124 (133, 476, 103, 191) *128
Total Active Halifax/Dartmouth Inventory: 4,106 (4,105, 4,081, 4,343, 4,394) *4,228
Absorption Rate in weeks: 66 (64, 58, 56, 47) *62
Single Family Home Stats
Active Single Family Home: 2,388 (2,402, 2,387, 2,521, 2,556) *2,755
Average Single Family Home List Price: $304,433 ($319k, $365k, $331k, $314k) *$261k
Average Single Family Home Selling Price: $293,327 ($306k, $352k, $330k, $298k) *$252k
Single Family Home Sale to List Ratio This Week: 96% (96%, 97%, 99%, 95%) *97%
Median Single Family Home List Price (6 months): $279,900 ($280k, $280k, $280k, $280k) *$247k
Median Single Family Home Sold Price (6 months): $270,000 ($270k, $270k, $270k, $270k) *$243k
Average Days on Market Single Family Home: 117 (101, 111, 112, 97) *137
Active Condos: 393 (383, 396, 425, 435) *361
Average Condo Listing Price: $220,113 ($206k, $291k, $575k, $228k) *$231k
Average Condo Selling Price: $209,278 ($198k, $281k, $538k, $217k) *$220k
Condo Sale to List Ratio This Week: 95% (96%, 97%, 94%, 95%) 95%
Median Condo List Price (6 months): $229,900 ($230k, $235k, $235k, $235k) *230k
Median Condo Sold Price (6 months): $224,900 ($225k, $226k, $225k, $225k) *215k
Average Days on Market Condos: 126 (92, 99, 91, 131, 106) *110
Active Vacant Lots: 1,084 (1,173, 1,150, 1,126, 1,134) *886
Not an uncommon sight to see the inventory levels fluctuate up and down week to week, especially at the start of the year. There can be events that trigger higher or lower activity from week to week, and those can be as simple as a snow storm or as complicated as new mortgage rules. As we advance to the Spring market things still look in good shape. New listings are fairly average for this time of year, as are sales, which is why we didn't really see a budge in the overall inventory count. Values remain steady to kick of 2017, and no new major market statistic changes have been reported this week. The absorption rate is a bit higher than last year at this time, but if you have been following the blog since that time, the end of 2015 really set up a solid footing for the beginning of the 2016 market year, so it's a hard month to compete against Those stats can be found below, if interested, by simply scrolling down below last weeks market report. Looking forward to see what the rest of the winter season brings, and you'll have to stay tuned to the blog to follow along as well! Thanks for stopping by!
Loki is a young, handsome boy searching for a new home. This spunky boy has a ton of energy and he can't wait to release it with his new family! He is quite mouthy and jumpy, so he'll need some guidance on how to behave like a true pup but with some training this should take no time as he's super smart.
Loki would be best suited in a home:
-Free of other animals, both dogs and cats.
-Children over the age of 12.
-Highly active (runs, 2+ walks a day, hikes, dog sport).
-Proof of registration in obedience classes is required prior to adoption.
This "cuddly companion" is available through Homeward Bound City Pound, 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
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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