The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
Halifax (HRM) Residential Statistic Update for the Week of March 8th - March 15th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 270 (365, 325, 240, 276) *370
Sold: 134 (135, 129, 105, 99) *89
Sale To Listing Ratio: 50% (37%, 40%, 44%, 36%) *24%
Price Changes: 102 (127, 125, 106, 103) *137
Listings that went conditional/pending: 134 (169, 164, 160, 125) *105
Expired/Cancelled/Withdrawn: 81 (172, 139, 69, 88) *97
Total Active Halifax/Dartmouth Inventory: 3,722 (3,686, 3,620, 3,606, 3,605) +4,367
Absorption Rate in weeks: 30 (32, 33, 34, 34) *48
Single Family Home Stats
Active Single Family Home: 2,047 (2,010, 1,961, 1,934, 1,932) *2,555
Average Single Family Home List Price: $300,663 ($349k,$336k,$334k,$304k) *$326k
Average Single Family Home Selling Price: $291,415 ($336k,$322k,$319k,$297k) *$316k
Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 96%, 98%) *97%
Median Single Family Home List Price (6 mo): $275,450 ($279k,$279k,$277k,$275k)*$279k
Median Single Family Home Sold Price (6 mo):$269,500 ($270k,$270k,$270k,$268k)*$268k
Average Days on Market Single Family Home: 88 (93, 73, 87, 110) *119
Active Condos: 368 (370, 366, 368, 365) *440
Average Condo Listing Price: $242,010 ($277k, $227k, $250k, $285) *$321k
Average Condo Selling Price: $232,390 ($266k, $221k, $243k, $276k) *$303k
Condo Sale to List Ratio This Week: 96% (96%, 97%, 97%, 97%) 94%
Median Condo List Price (6 mo): $239,450 ($239k, $239k, $239k, $238k) *$230k
Median Condo Sold Price (6 mo): $233,750 ($233k, $232k, $232k, $230k) *$220k
Average Days on Market Condos: 97 (80, 47, 69, 58) *85
Active Vacant Lots: 986 (980, 973, 981, 982) *1,138
Not even three consecutive Nor'easters can stop the rocking market in Halifax! Despite the terrible weather that has befallen our fair city in the last couple of weeks, our real estate market appears to be hardly phased by it! Listings might have been a bit cautious with coming to market this week, but Buyer activity is still trucking right along with a solid pending offer count. Not as strong as the last few weeks, but still a bit surprising. A Spring sales to list ration at 50%? that's right! If you thought the sales to list ratio last year at this time was reporting healthier, this year is that much better! Same too can be said about the absorbing rate, which is an astonishing eighteen weeks lower than last year at this time and showing no signs of stopping anytime soon. This market year, and weather, continues to surprise, so stay tuned to
The Weekly Adogtable!
Comfortable with touching all over. Very happy, playful and sweet. Puppy energy so needs an active home. Crate trained. Excitable with dogs but not aggressive. No cats. Pulls on leash. Jumps up but easily distracted with his favorite rope toy. Knows sit, off, down and paw. Hearty eater. Outgoing disposition with all just big loveable guy. Playful in presence of toys. hardly vocal.
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about him and 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 fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah