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 16th-23rd, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 212 (178, 290, 316, 265) 266
Sold: 103 (79, 91, 85, 96) *100
Sale To Listing Ratio: 49% (44%, 31%, 27%, 36%) *38%
Price Changes: 86 (94, 137, 133, 109) *139
Listings that went conditional/pending: 114 (103, 131, 129, 101) *142
Expired/Cancelled/Withdrawn: 69 (73, 89, 191, 101) *77
Total Active Halifax/Dartmouth Inventory: 4,250 (4,217, 4,221, 4,172, 4,171) *4,303
Absorption Rate in weeks: 48 (48, 48, 51, 54) *45
Single Family Home Stats
Active Single Family Home: 2,476 (2,472, 2,467, 2,434, 2,423) *2,777
Average Single Family Home List Price: $306,068 ($298k, $321k, $282k, $285k) *$281k
Average Single Family Home Selling Price: $295,183 ($290k, $311k, $271k, $273k) *$270k
Single Family Home Sale to List Ratio This Week: 96% (97%, 97%, 96%, 96%) *96%
Median Single Family Home List Price (6 months): $279,000 ($280k, $279k, $280k, $280k) *$272k
Median Single Family Home Sold Price (6 months): $268,000 ($268k, $267k, $268k, $270k) *$265k
Average Days on Market Single Family Home: 101 (75, 113, 113, 92) *90
Active Condos: 416 (409, 408, 398, 406, 393) *400
Average Condo Listing Price: $232,700 ($210k, $208k, $354k, $272k) *$277k
Average Condo Selling Price: $227,490 ($203k, $198k, $345k, $266k) *$267k
Condo Sale to List Ratio This Week: 98% (97%, 95%, 97%, 98%) 96%
Median Condo List Price (6 months): $229,900 ($230k, $230k, $230k, $230k) *191k
Median Condo Sold Price (6 months): $220,000 ($221k, $222k, $223k, $222k) *186k
Average Days on Market Condos: 141 (182, 178, 219, 97, 126) *121
Active Vacant Lots: 1,122 (1,098, 1,102, 1,099, 1,099) *903
Looks like Sellers were still hibernating from the small, but vicious, winter Halifax was blasted with in the last couple of weeks. Certainly, with the weather improving and the sun starting to shine, Sellers will start planning their strategy on how to attack the selling market this year. Buyers are still actively on the search however, and it really didn't seem like the white stuff could keep them at bay from getting out there and adventuring through their home search. Activity was down this week overall compared to this time last year, but the sleepy market seems to be shaking off the snow piles, and emerging from the blanket of white with vigour. The lack of listing activity this week has stunted the inventory a bit, but I anticipate those stats will change in the coming weeks as we approach the most popular time to list...Spring! Single family home inventory is still reporting lower than this year last time, but the same can't be said about condos, which was the lower reporting inventory for a good chunk of the 2016 market year. With the weather heating up, hopefully, the market follows suit. Stay tuned to find out if it's boom or bust by checking out the Halifax Real Estate Blog regularly! Thanks for stopping by!
Meet sweetheart gal Storm. Storm is an albino 2.5 yr old spay,chipped , UTD on vaccines female american bulldog.She is smaller than she appears in this photo.
Storm walks like a dream on leash, knows basic commands and a release work of "okay" to eat. She is a real compact wiggle butt and exciteable .She is crate trained, house broken , people friendly , kids okay too. She does not appear to play with toys but loves her Kong.She is not destructive if left alone.
She lives with another active lrg breed pup and two cats. She sniffs the cats then leaves them alone . She meets dogs better when off leash tahn on or through a barrier like a fence like a majority of dogs. She does fear react to dogs on leashed walks so enrolment in training is necessary to adopt storm. . Her bark is not loud but a muffled sounding one.
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
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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