The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty (Thursdays)
Halifax (HRM) Residential Statistic Update for the Week of January 9th - 16th, 2020
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 229 (170) *220
Sold: 76 (90) *78
Sale To Listing Ratio: 33% (53%) *33%
Price Changes: 51 (75) *90
Listings that went conditional/pending: 137 (108) *122
Expired/Cancelled: 51 (70) *87
Total Active Halifax/Dartmouth Inventory: 2,156 (2,113) +3,139
Absorption Rate in weeks: X (X) *X
Single Family Home Stats
Active Single Family Home: 1,088 (1,059) *1,692
Average Single Family Home List Price: $364,526 ($359k) *$378k
Average Single Family Home Selling Price: $352,537 ($349k) *$366k
Single Family Home Sale to List Ratio This Week: 97% (97%) *97%
Median Single Family Home List Price (6 mo): $314,900 ($315k)*$285k
Median Single Family Home Sold Price (6 mo):$308,825 ($308k)*$280k
Average Days on Market Single Family Home: 65 (109) *76
Active Condos: 142 (138) *249
Average Condo Listing Price: $288,960 ($320k) *$285k
Average Condo Selling Price: $286,630 ($315k) *$284k
Condo Sale to List Ratio This Week: 99% (99%) 99%
Median Condo List Price (6 mo): $249,900 ($249k) *$239k
Median Condo Sold Price (6 mo): $240,000 ($240k) *$230k
Average Days on Market Condos: 69 (118) *114
Active Vacant Lots: 773 (764) *936
Looks like another week very similar to the same time last year, again. One of the changed stats this week however, is the listings that went conditional pending, showing that buyers right now are still ready to pounce on listings regardless of the time of year or climate. Values still remain strong and elevated from last year, and listings are generally spending much less time on the market comparably, but that's a no brainer given the 2019 market year. There was a slight gain in the overall inventory, but that is quite common for this time of year. Usually, January sees a surge in activity up until snow takes the wind out of buyers and sellers sails, but since the wInter this year has hit us a bit earlier than usual, most people keep on trucking through the inconvenience of a little snow. That should say something about the market though. If people are already out in droves in this weather, imagine what things will be like when it's nice out? I've heard rumblings of multiple offers already, which is not surprising given how low the inventory is and the general buyer interest remains. Starting off the year strong, so stay tuned the Halifax Real Estate blog to keep up to date with our rapidly changing market! Thanks for stopping by!
The Weekly Adogtable
Not neutered so we will do that. Will receive basic vaccination before leaving our care. Ok with physical manipulations if he trusts you. Bite once, the story is not clear as it was a fearful superficial nip only. Doesn’t act unpredictable. No resource guarding. Seems OK with dogs OK with cats as per owner. Was living with a 2 years old child and was doing ok. Scared with some men. Fearful, scared and doesn’t want contact with strangers.
He’s scared of new people and new environment. Need to respect him so he can appreciate you. When he trusts you, he’s sweet and very affectionate Moderate energy level Pulls a lot on leash when he wears only a collar on, doing better with a harness Knows basic commands Gets ear infections easily, might be due to allergies?
This "cuddly companion" is available through Homeward Bound City Pound, 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
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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