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 January 18th - January 25th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 254 (263, 151, 141, 160) *265
Sold: 97 (78, 55, 112, 96) *96
Sale To Listing Ratio: 38% (30%, 36%, 79%, 43%) *36%
Price Changes: 84 (116, 93, 53, 73) *109
Listings that went conditional/pending: 130 (139, 77, 94, 109) *101
Expired/Cancelled/Withdrawn: 65 (75, 100, 163, 116) *101
Total Active Halifax/Dartmouth Inventory: 3,580 (3,534, 3,487, 3,676, 3,781) +4,171
Absorption Rate in weeks: X ( X, X, 32, 33) *54
Single Family Home Stats
Active Single Family Home: 1.947 (1,937, 2,053, 1,988, 2,061) *2,423
Average Single Family Home List Price: $331,946 ($297k,$355k,$330k,$334k) *$286k
Average Single Family Home Selling Price: $321,357 ($275k,$310k,$317k,$321k) *$273k
Single Family Home Sale to List Ratio This Week: 97% (93%, 87%, 96%, 96%) *96%
Median Single Family Home List Price (6 mo): $274,900 ($275k,$280k,$279k,$279k)*$280k
Median Single Family Home Sold Price (6 mo): $268,500 ($269k,$268k,$270k,$270k)*$269k
Average Days on Market Single Family Home: 94 (108, 96, 77, 69) *92
Active Condos: 348 (349, 325, 355, 369) *406
Average Condo Listing Price: $237,935 ($276k, $266k, $249k, $249k) *$272k
Average Condo Selling Price: $230,600 ($267k, $258k, $240k, $242k) *$266k
Condo Sale to List Ratio This Week: 97% (97%, 97%, 96%, 97%) 98%
Median Condo List Price (6 mo): $239,000 ($240k, $239k, $244k, $249k) *$230k
Median Condo Sold Price (6 mo): $233,500 ($239k, $235k, $249k, $240k) *$222k
Average Days on Market Condos: 54 (139, 92, 98, 97) *97
Active Vacant Lots: 954 (918, 904, 961, 964) *1,099
Still stumbling out of the gate, but much like the week prior there was a bit of interruption from mother nature and some extreme weather for a few days. Regardless, the week did turn out to be a good one, and very similar to this time last year. One of the biggest differences from this year to last is the overall inventory count, which is reporting much lower this year. Values overall and Buyer activity are up this week, so if the sun can keep shining, we should see some additional improvement next week! Don't forget to check out the 2017 annual market wrap up by scrolling down, and be sure to check in to the blog to stay on top of the market here in Halifax! Thanks for stopping by!
The Weekly Adogtable!
Meet PETEY. He has been examined and is on parasite protection until March. Good with Kids and other dogs. Very calm and quiet so prefers well mannered dogs. Extremely loving. No resource guarding issues and enjoys his walks and walks well. He is a real couch potato and cuddler. Not very interested in toys and is currently living with a foster dog. They are best buddies.
This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, Nova Scotia. More info about her and 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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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