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 April 27th - May 4th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 485 (432, 295, 402, 416) *500
Sold: 174 (167, 132, 174, 141) *160
Sale To Listing Ratio: 36% (37%, 45%, 43%, 34%) *32%
Price Changes: 228 (200, 145, 164, 166) *296
Listings that went conditional/pending: 230 (214, 159, 173, 176) *197
Expired/Cancelled/Withdrawn: 308 (144, 89, 115, 230) *250
Total Active Halifax/Dartmouth Inventory: 4,700 (4,755, 4,686, 4,686, 4,596) *5,124
Absorption Rate in weeks: 29 (31, 34, 34, 38) *34
Single Family Home Stats
Active Single Family Home: 2,850 (2,881, 2,817, 2,805, 2,733) *3,458
Average Single Family Home List Price: $356,645 ($330k, $350k, $320k, $298k) *$298k
Average Single Family Home Selling Price: $344,404 ($320k, $338k, $309k, $287k) *$290k
Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97%
Median Single Family Home List Price (6 mo): $279,900($280k, $280k, $275k, $275k)*$280k
Median Single Family Home Sold Price (6 mo): $272,500 ($270k,$270k,$268k,$266k)*$270k
Average Days on Market Single Family Home: 86 (100, 86, 85, 115) *115
Active Condos: 500 (499, 468, 463, 466) *451
Average Condo Listing Price: $267,307 ($269k, $236k, $249k, $224k) *$240k
Average Condo Selling Price: $256,776 ($261k, $231k, $234k, $215k) *$221k
Condo Sale to List Ratio This Week: 96% (98%, 98%, 95%, 96%) 92%
Median Condo List Price (6 mo): $225,000 ($225k, $224k, $224k, $220k) *$236k
Median Condo Sold Price (6 mo): $215,550 ($215k, $215k, $215k, $215k) *$230k
Average Days on Market Condos: 70 (95, 162, 161, 70, 56) *94
Active Vacant Lots: 1,102 (1,125, 1,168, 1,164, 1,154) *985
Wow, things are really ramping up! Of course, the end/beginning of the month expiry/re-lisitng dance occurs on the first of month. possible skewing some of the data, but overall things are looking good! Listings are starting to pour onto the market at a pace just shy of last year at this time, but there's a few things about this year that are noticeably different than last year. Firstly, inventory is much lower, and although not uncommon for a Spring week to reduce in volume, it is odd for this time of year, which is an occurrence that happened this week. Another thing that is noticeably different is the averages, well, single family home averages anyways. The median prices for both products seem to be marginally increasing every week this Spring, but the average single family list and sale prices have been quite inflated compared to the median price as of late. Sure, one or two week anomaly's from a few high end properties selling might effect the numbers, but we are reporting over the 300k"s more often than not this Spring. Average days on market are also noticeably lower, and the absorption rate actually dropped below 30 for the first time in years! There's still solid buyer activity out there as well, just look at the listings that went pending this week! Nice to see some positive action in HRM, and I for one hope it sticks around. Thanks for stopping by!
Beautiful, loving White bull dog. Rosie really LOVES KIDS but she has proven to be unpredictable with cats so NO CATS . Rosie has a mild heart mumur likely since birth as many dogs do. It definitely does not slow down this wiggle butt in any way .She does zoomies like a race horse in her back yard !
Rosie craves snuggles and can be a coach potato, bed hogger but also likes playtime, her walks and other dogs .She can on occasion when off leash become over zealous in dog play like many bully breeds and not all dogs are going to put up with this play style so training advice is suggested to fine tune her doggy social skills .
Rosie listens well and really wants to please you. She has come along ways not pulling so much on leash. If her people have to go out they put her in the bedroom, she has her hedgehog, that is her sookie toy, she is fine and does not say a word, but if she hears you then she barks or does a very low and very sad sounding lol. She is overall a joy to have and be with. She has been learning to get the hang of fetch, she gets very excited when she returns with the ball and gets praise, not so much parting with the ball, but she will and is ready to go again.
Rosie would love to have a fenced in yard and someone around. Maybe you are retired? work from home just so sweet Rosie is not alone 8-10 hours a day.
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