Halifax (HRM) Residential Market Statistic Update for the Week of November 10th - 17th, 2016 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New Listings: 227 (276, 374, 237, 299) *248 Sold: 117 (119, 114, 102, 111) *125 Sale To Listing Ratio: 52% (43%, 31%, 43%, 37%) *50% Price Changes: 126 (161, 195, 193, 222) *219 Listings that went conditional/pending: 102 (123, 123, 125, 155) *114 Expired/Cancelled/Withdrawn: 140 (181, 458, 130, 171) *199 Total Active Halifax/Dartmouth Inventory: 4,859 (4,875, 4,905, 5,085, 5,099) *5,278 Absorption Rate in weeks: 43 (40, 43, 43, 40) *49 Single Family Home Stats Active Single Family Home: 2,964 (2,994, 3,034, 3,162, 3,158) *3,472 Average Single Family Home List Price: $296,245 ($318k, $291k, $286k, $293k) *$323k Average Single Family Home Selling Price: $282,307 ($306k, $280k, $274k) *$303k Single Family Home Sale to List Ratio This Week: 95% (96%, 96%, 96%, 97%) *94% Median Single Family Home List Price (6 months): $279,900 ($280k, 275k, $275k, $275k) *$255k Median Single Family Home Sold Price (6 months): $273,500 ($268k, $267k, $267k, $268k) *$246k Average Days on Market Single Family Home: 93 (116, 115, 91, 109) *143 Condo Stats Active Condos: 483 (482, 480, 491, 486) *441 Average Condo Listing Price: $305,140 ($243k, $257k, $216k, $180) *$220k Average Condo Selling Price: $289,050 ($231k, $246k, $205k, $170k) *$209k Condo Sale to List Ratio This Week: 95% (95%, 96%, 95%, 94%) 95% Median Condo List Price (6 months): $229,900 ($235k, $235k, $237k, $239k) *235k Median Condo Sold Price (6 months): $225,000 ($225k, $225k, $228k, $231k) *228k Average Days on Market Condos: 61 (160, 96, 110, 68, 31) *115 Active Vacant Lots: 1,138 (1,128, 1,129, 1,158, 1,156) *1,067 Market Rant Still not too shabby out there, but this week took a bit of a hit (activity wise), which can most likely be attributed to Remembrance Day, which made it more like a six day week of stats (and rightly so). Still a decent showing this week however, and sales only fell short by 2 products compared to last week, so the slow fade into the winter continues. Values remain steady this week, and days on market for both reported products remains average. Although there wasn't a huge bite taken out of the total inventory, there was still a reduction, and we continue to report much lower than this time last year. For those of you who have followed along since then, this is the time last year that things started to improve, that the market started it's fight back. There has been a few hurtles along the way, and there continues to be challenges, but the market and it's participants have persevered. New mortgage rules and rate hikes are definitely sending a mixed message to consumers, and I hope that the good and the bad balance out sooner than later. Stay tunes to find out, and thank you for stopping by! WEEKLY ADOPTABLE Mya is looking for a family that can show her how to be a true dog! This gal has been lacking proper socialization, so she is hoping her new family can enrol her in obedience or confidence classes. She does get along with other dogs; a proper introduction is recommended, but we are asking for no other animals in the home due to guarding issues. Mya is quite playful and would love to have an active family that can take her to all kinds of fun places. Energy release is key to a happy dog, especially for Mya! She can get a little rambunctious when playing such as being jumpy and mouthy so there should be no young kids in the home would be best (10+). If you're interested in making a new addition to your furry family, come meet Mya today! Terrier, American Staffordshire/Mix 2 years 5 months Female Spayed/Neutered This "cuddly companion" is available through Homeward Bound City Pound, 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! 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.
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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
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