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 September 22nd - 29th, 2016
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 278 (378, 273, 252, 306) *553
Sold: 141 (135, 132, 85, 132) *129
Sale To Listing Ratio: 51% (36%, 48%, 34%, 43%) *23%
Price Changes: 229 (215, 250, 167, 210) *295
Listings that went conditional/pending: 144 (158, 117, 124, 147) *145
Expired/Cancelled/Withdrawn: 130 (133, 286, 286, 302) *321
Total Active Halifax/Dartmouth Inventory: 5,368 (5,378, 5,296, 5,233, 5,260) *5,729
Absorption Rate in weeks: 44 (45, 42, 41, 37) *46
Single Family Home Stats
Active Single Family Home: 3,433 (3,449, 3,430, 3,388, 3,426) *3,869
Average Single Family Home List Price: $344,410 ($297k, $306k, $332k, $283k) *$290k
Average Single Family Home Selling Price: $323,025 ($285k, $296k, $320k) *$280k
Single Family Home Sale to List Ratio This Week: 94% (96%, 97%, 96%, 96%) *96%
Median Single Family Home List Price: $282,200 ($266k, $279k, $290k, $260k) *$282k
Median Single Family Home Sold Price: $267,000 ($255k, $270k, $283k, $245k) *$257k
Average Days on Market Single Family Home: 96 (103, 98, 97, 94) *157
Active Condos: 477 (476, 478, 477, 479) *474
Average Condo Listing Price: $315,199 ($274k, $309k, $217k, $267k) *$291k
Average Condo Selling Price: $310,990 ($263k, $299k, $211k, $257k) *$280k
Condo Sale to List Ratio This Week: 98% (97%, 97%, 97%, 96%) *96%
Median Condo List Price: $304,900 ($222k, $312k, $200k, $250k,) *233k
Median Condo Sold Price: $303,000 ($215k, $310k, $180k, $244k) *225k
Average Days on Market Condos: 81 (121, 66, 116, 77) *150
Active Vacant Lots: 1,167 (1,168, 1,112, 1,098, 1,090) *1,083
HELP stop BSL (Breed Specific Legislation)
As you may or may not be aware, Quebec has implemented BSL for "Bully" breed types, which has caused many lovers of the breed to speak up and become the "voice of the voiceless", including the SPCA who vows to halt dog services there should the complete ban happen. Some of our local rescues have already made an effort to contact shelters in Quebec to make arrangements for any displaced pups that might find themselves away from their families, and others are on stand-by ready to step in should the call come. It's truly a sad implementation, as the thought of this legislation coming to Nova Scotia (which if this keeps getting passed across Canada, it's only a matter of time) brings the matter home, as I have two of my own (biggest babies you'll ever meet). There is an organized rally this Saturday at 2pm at Grand Parade for anyone interested in participating. Details can be found HERE. There is also a petition HERE which is getting close to it's goal, maybe a couple more would help ;)
Ralph is a big goofy boy who is hoping to find his new furrever home. He's quite the energetic dog that would benefit from consistent exercise, but he's always up for some snuggles! We are recommending a home without other animals for Ralph; he has met a few dogs here and shows a lot of dominance. He was neutered with us, so after those hormones calm down and with some training he should come along nicely and make some doggy friends. Ralph's owners will need to enrol him in obedience classes before taking him home, he needs a few more manners! Kids over the age of 12 for this guy; he's a big boy with lots of love to give, but sometimes doesn't know his own strength. Come on in and meet 'Wreck it Ralph' today!
This "cuddly companion" is available through the Dartmouth SPCA, 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
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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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