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 June 29th - July 6th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 302 (319, 329, 343, 449) *332
Sold: 146 (168, 239, 200, 197) *128
Sale To Listing Ratio: 48% (53%, 73%, 58%, 44%) *37%
Price Changes: 189 (273, 222, 228, 251) *227
Listings that went conditional/pending: 176 (198, 197, 245, 227) *138
Expired/Cancelled/Withdrawn: 257 (151, 111, 132, 194) *306
Total Active Halifax/Dartmouth Inventory: 4,825 (4,905, 4,932, 4,909, 4,944) *5,470
Absorption Rate in weeks: 26 (25, 24, 26, 26) *35
Single Family Home Stats
Active Single Family Home: 2,957 (2,869, 3,007, 3,024, 3,047) *3,633
Average Single Family Home List Price: $286,126 ($308k, $311k, $292k, $298k) *$298k
Average Single Family Home Selling Price: $276,362 ($298k, $301k, $284k, $283) *$287k
Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 95%) *96%
Median Single Family Home List Price (6 mo): $275,000 ($280k,$280k,$280k,$279k)*$270k
Median Single Family Home Sold Price (6 mo): $269,900 ($270k,$270k,$270k,$270k)*$265k
Average Days on Market Single Family Home: 85 (69, 61, 75, 80) *80
Active Condos: 476 (485, 481, 482, 487) *520
Average Condo Listing Price: $245,278 ($280k, $248k, $285k, $251k) *$262k
Average Condo Selling Price: $232,278 ($270k, $246k, $276k, $244k) *$255k
Condo Sale to List Ratio This Week: 95% (96%, 95%, 97%, 97%) 97%
Median Condo List Price (6 mo): $229,900 ($229k, $229k, $230k, $230k) *$256k
Median Condo Sold Price (6 mo): $220,000 ($220k, $218k, $220k, $218k) *$238k
Average Days on Market Condos: 103 (81, 91, 84, 95, 150) *84
Active Vacant Lots: 1,159 (1,165, 1,174, 1,153, 1,160, 1,145) *1,074
Just as the weather starts to heat up, it looks like the market is stating to cool down...relatively anyways. New listing additions to the market are down again this week, and 10% down from this time last year. Sales are still quite a bit higher than last year, but they have tapered off in the last few weeks. This is not an unusual trend in the Summertime though, and some would argue that the Summer is the slowest season of the year for transactions. I'm not of that opinion though, as I rely on the stats, and although the Summer tends to slowly taper in activity, there is still lots of gas in the tank of the current market trend. It could be the sudden gear shift of activity that usually happens from Spring to Summer, making it seem slow, but there are currently lots of active buyers and sellers out there looking to transact property. Overall, most of the inventory numbers are substantially down from last year, and sales remain steady. This could bode well for sellers if the trend holds, but not so much for buyers looking for that steal of a deal. I'll be keeping a weathered eye on the Summer market season and reporting accordingly, so be sure to stop by and stay informed!
Hello my name is Nala. I am a 2 year old spayed Amstaff- Boston Terrier mix (I had my DNA done) I am a beautiful friendly girl, and have you seen my eyes? Everyone loves my eyes. I like other dogs, though I'm not really playful with them. I let people pat me but until i know i can trust them, I don't really get excited about it. I have a kitty sister in my foster home and we get along well, I dont chase her because she gets mad at me.
Mom takes me for a walk everyday before work so I will be calm in the kennel when shes gone. I dont like the kennel, I scream when mom leaves and sometimes I try to force my head out through the bars but that hurts my nose and mom doesnt like it when I do this. I am learning that she always comes back so now I don't get as upset. She also puts this lavender smelly stuff on a shirt in my kennel to kelp me keep calm. When mom comes home I get so excited but she won't let me out until I sit.
I am a good walker, I even let kids walk me. I know how to sit and give paw, I'm learning lay down now. My favourite day is one where I get to sleep and cuddle with mom all day. Mom knows I really don't like the kennel so she lets me sleep in the bed with her. I love it there, I curl up in a ball beside her and snore the night away. When I first came to live with my foster family, I thought my sister was going to take everything from me. I got mad at her when she walked by my food. we got in to a fight. I have learned that she wont eat my food so now I let her walk by. I still dont like it when she goes by my toys. I think i can learn not to get so upset over time, but i might be best as an only dog that way I get all the love. I cant wait to meet you and show you what a good girl I am.
This "cuddly companion" is available through Litters 'n Critters, a non profit rescue organization from Halifax, Nova Scotia. More info about her, 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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah