|
Halifax (HRM) Residential Market Statistic Update for the Week of October 13th - 20th, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 299 (223, 321, 278, 378) *240 Sold: 111 (125, 139, 141, 135) *106 Sale To Listing Ratio: 37% (56%, 43%, 51%, 36%) *44% Price Changes: 222 (187, 226, 229, 215) *289 Listings that went conditional/pending: 155 (119, 139, 144, 158) *124 Expired/Cancelled/Withdrawn: 171 (119, 420, 130, 133) *208 Total Active Halifax/Dartmouth Inventory: 5,099 (5,133, 5,161, 5,368, 5,378) *5,668 Absorption Rate in weeks: 40 (38, 37, 44, 45) *52 Single Family Home Stats Active Single Family Home: 3,158 (3,210, 3,267, 3,433, 3,449) *3,817 Average Single Family Home List Price: $293,125 ($287k, $336k, $344k, $297k) *$292k Average Single Family Home Selling Price: $282,932 ($278k, $323k, $323k) *$269k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 94%, 96%) *92% Median Single Family Home List Price (6 months): $274,900 ($275k, $287k, $282k, $266k) *$258k Median Single Family Home Sold Price (6 months): $267,500 ($268k, $270k, $267k, $255k) *$241k Average Days on Market Single Family Home: 109 (112, 87, 96, 103) *87 Condo Stats Active Condos: 486 (488, 471, 477, 476) *468 Average Condo Listing Price: $180,266 ($170k, $308k, $315k, $274k) *$323k Average Condo Selling Price: $170,166 ($164k, $299k, $311k, $263k) *$316k Condo Sale to List Ratio This Week: 94% (96%, 97%, 98%, 97%) 98% Median Condo List Price (6 months): $238,900 ($240k, $320k, $305k, $222k) *300k Median Condo Sold Price (6 months): $230,500 ($235k, $308k, $303k, $215k) *289k Average Days on Market Condos: 68 (31, 177, 81, 121) *90 Active Vacant Lots: 1,156 (1,157, 1,145, 1,167, 1,168) *1,084 Market Rant Might be on the downward trend of market inventory in our fair city, but that doesn't mean activity has completely come to a halt. Beginning to mid September witnessed a drastic drop in overall activity, but October has slowly been clawing back to positive generation. For the past few weeks, the stats have reported on par with stats from this time last year, which if you have been following the blog since then, that would be right around the time things started to slowly change in the marketplace. What seemed like a "no end to the market woes in sight" mantra, turned into a hopeful optimism for the new year. That hope materialized, with many positive returns in 2016. We witnessed the inventory finally stop its record breaking advance, and we also saw the return of Buyers. The buzz of activity could be in part to the new mortgage rules, and people who tried to get in before they were implemented, and if that's the case, we should start to feel the effect of that change in the coming months. So far, however, activity actually picked up this week, with 26 more properties coming under contract then that of last year. You definitely don't want to miss how the year will end up, so stay tuned to stay on top of everything Halifax real estate! Thanks for stopping by!  Louie Louie wanted to be your party pal! WEEKLY ADOPTABLE Louie is a 4 year old Mastiff-Retriever mix boy, he is neutered and vaccinated and weighs just shy of 80 pounds. Louie is a puppy in a big dog's body and thinks he's a lap dog. He is great with other dogs and doesn't even mind horses and chickens. He is very interested in cats, perhaps too interested for comfort, so we don't recommend a home with cats that are not dog savvy. Louie likes to destroy his blankets and beds in the kennel so we do not recommend him to be loose in the house and will need an active family, perhaps a runner or jogger or just someone who likes long walks. He's just a big goofball and wants to be loved all the time. This "cuddly companion" is available through the Litters n' Critters, 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!  The Viewpoint Realty Interactive Property Map VIEWPOINT REALTY
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. Newest Blog post HERE Comments are closed.
|
Jeremiah Wallace, CDJeremiah 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.. 
ListingsPhoto's by Jeremiah
Archives
March 2023
Categories
All
|
RSS Feed