Halifax (HRM) Residential Statistic Update for the Week of February 7th - February 14th, 2019 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 248 (250, 175, 193, 220) *276 Sold: 114 (119, 94, 92, 72) *99 Sale To Listing Ratio: 46% (48%, 54%, 48%, 33%) *36% Price Changes: 80 (103, 75, 61, 90) *103 Listings that went conditional/pending: 153 (133, 133, 120, 122) *125 Expired/Cancelled/Withdrawn: 75 (168, 98, 88, 87) *88 Total Active Halifax/Dartmouth Inventory: 3,096 (3,074, 3,091, 3,122, 3,139) +3,605 Absorption Rate in weeks: 30 (33, 38, X, X) *34 Single Family Home Stats Active Single Family Home: 1,657 (1,671, 1,648, 1,670, 1,692) *1,932 Average Single Family Home List Price: $330,852 ($324k,$237k,$330k,$378k) *$304k Average Single Family Home Selling Price: $323,826 ($315k,$349k,$297k,$366k) *$297k Single Family Home Sale to List Ratio This Week: 98% (97%, 98%, 90%, 97%) *98% Median Single Family Home List Price (6 mo): $289,500 ($289k,$289k,$285k,$285k)*$275k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$270k,$280k)*$268k Average Days on Market Single Family Home: 66 (76, 77, 65, 76) *110 Condo Stats Active Condos: 254 (242, 241, 246, 249) *365 Average Condo Listing Price: $293,018 ($307k, $231k, $255k, $285k) *$284k Average Condo Selling Price: $285,118 ($295k, $227k, $241k, $284k) *$276k Condo Sale to List Ratio This Week: 97% (96%, 98%, 95%, 99%) 97% Median Condo List Price (6 mo): $239,900 ($240k, $240k, $240k, $239k) *$238k Median Condo Sold Price (6 mo): $232,000 ($230k, $232k, $230k, $230k) *$230k Average Days on Market Condos: 60 (102, 120, 77, 114) *58 Active Vacant Lots: 918 (900, 942, 945, 936) *982 Market Rant Alright, we finally have inventory gain! Condo's had a good increase, so to did vacant lots, but the star of the show (single family homes) decreased yet again this week. Not the news current buyers of that product are likely wanting to read, but sellers on the other hand likely welcome it. Certainly slim pickings out there right now in many areas, and the peninsula is basically unavailable in certain areas and price points. The market is still buzzing too, which means it's unlikely that things will get any better for buyers in the near future. Just take a look at the number of properties that went pending this week and how quickly the absorption rate is dropping, all signs leading to a continued sellers market. Single family home average days on market continued to drop again this week, which isn't really a surprise given how quickly things are moving. Values overall are reporting strong as well, and much higher (around 10%) than last year at this time. Also reflective of the market, since multiple offers and quick sales are commanding buyers to pay close to, or at listing price. In some cases, well over the asking price, which is something unheard of in Halifax. Shaping up to be an interesting year already, so make sure to stay tuned to the blog to stay on top of things! Thanks for stopping by! The Weekly Adogtable!On the hunt for your perfect valentine? Hawking is sure to steal your heart! This young fella is a smart, driven and playful charmer who really has a way with the ladies. At first, he may come off a little indifferent, but with a hearty play sesh and some TLC, he'll be sliding his way into your dm's, and your home, in no time! Hawking would thrive in a home with consistency and lots of love. He loves having a job to do and is quick to pick up new tricks - although, he knows quite a few already. He gets along great with other dogs and children over 5, but would prefer to have no kitties in the home. . This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about him 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! 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. We also offer mortgage and insurance solutions too! 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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