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 3rd - January 10th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 223 () *151
Sold: 64 () *55
Sale To Listing Ratio: 29% () *36%
Price Changes: 86 () *93
Listings that went conditional/pending: 105 () *77
Expired/Cancelled/Withdrawn: 94 () *100
Total Active Halifax/Dartmouth Inventory: 3,133 () +3,487
Absorption Rate in weeks: X () *X
Single Family Home Stats
Active Single Family Home: 1,683 () *2.053
Average Single Family Home List Price: $358,940 () *$355k
Average Single Family Home Selling Price: $350,122 () *$310k
Single Family Home Sale to List Ratio This Week: 98% () *87%
Median Single Family Home List Price (6 mo): $284,800 ()*$280k
Median Single Family Home Sold Price (6 mo):$278,900 ()*$268k
Average Days on Market Single Family Home: 108 () *96
Active Condos: 253 () *325
Average Condo Listing Price: $235,920 () *$266k
Average Condo Selling Price: $228,893 () *$258k
Condo Sale to List Ratio This Week: 97% () 97%
Median Condo List Price (6 mo): $235,000 () *$239k
Median Condo Sold Price (6 mo): $225,000 () *$235k
Average Days on Market Condos: 112 () *92
Active Vacant Lots: 936 () *904
Looks like some seller may have caught the news of the hot market, as we reported higher than average new listing additions this week, and well over the reported stat from last year at this time. The burning question from last year still remains, will the buyer surge continue on into this new year. All signs point to yes, with new listings enjoying above average viewings and multiple offers, sparking continued buyer frustration. Quite the stark market environment from a short three years ago, going from the highest inventory HRM has ever seen, to the lowest in over a decade. If you didn't see the 2018 market year in review, I would highly encourage a quick look (scroll down) to see the market change from a balanced one in areas, to a sellers market in several. January does tend to be a bit busy out of the gate, but ends up softening a little when the full brunt of Winter comes calling. Still, I'm not sure if the icy chill of the approaching cold months are enough to cool this market. Time will tell, so make sure to keep in touch to find out! Thanks for stopping by!
The Weekly Adogtable
Beautiful Bella is the definition of fun! She is always down for a a quick run around in the yard and then some snuggles.
Bella would be best in a home with children no younger than 16 and no other animals.
This "cuddly companion" is available through the NSSPCA, 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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah