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 30th - February 6th, 2020
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 246 (204, 194, 229, 170) *250
Sold: 114 (125, 89, 76, 90) *119
Sale To Listing Ratio: 46% (61%, 46%, 33%, 53%) *48%
Price Changes: 67 (62, 47, 51, 75) *103
Listings that went conditional/pending: 167 (163, 148, 137, 108) *133
Expired/Cancelled: 88 (57, 51, 70) *168
Total Active Halifax/Dartmouth Inventory: 2,144 (2,127, 2,148, 2,156, 2,113) +3,074
Absorption Rate in weeks: 21 (X, X, X, X) *33
Single Family Home Stats
Active Single Family Home: 1,092 (1,068, 1,080, 1,088, 1,059) *1,671
Average Single Family Home List Price: $352,092 ($341k,$368k, $365k,$359k) *$324k
Average Single Family Home Selling Price: $338,069 ($340k,$364k, $353k, $349k) *$315k
Single Family Home Sale to List Ratio This Week: 96% (99%, 99%, 97%, 97%) *97%
Median Single Family Home List Price (6 mo): $314,900 ($315k,$315k,$315k,$315k)*$289k
Median Single Family Home Sold Price (6 mo):$309,000 ($309k,$310k,$309k,$308k)*$280k
Average Days on Market Single Family Home: 67 (70, 62, 65, 109) *76
Active Condos: 143 (140, 144, 142, 138) *242
Average Condo Listing Price: $270,578 ($241k, $301k, $289k, $320k) *$307k
Average Condo Selling Price: $265,350 ($236k, $294k, $287k, $315k) *$295k
Condo Sale to List Ratio This Week: 98% (98%, 98%, 99%, 99%) 96%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $249k) *$240k
Median Condo Sold Price (6 mo): $242,000 ($241k, $240k, $240k, $240k) *$232k
Average Days on Market Condos: 60 (20, 64, 69, 118) *102
Active Vacant Lots: 764 (766, 768, 773, 764) *900
And we're off! Well...maybe? Marginal gains in inventory this week, with single family homes seeing the most additions, but overall things are still lagging in this department. The biggest stat overall this week, like last week, is the listings that found them selves under agreement. Buyer activity is definitely way up over this time last year, and it seems to be holding. The absorption rate stat makes its return this week with a seasonal bloat of 3 extra weeks from the December 19th report, which is actually a small gain given the usually low market activity around this time of year. I guess this year has no intention of putting on the brakes anytime soon, cause despite the freezing temps and weekly storms, the market is still red hot! Makes you wonder what things will look like when the weather heats up too! Stay tuned to the blog to find out, and thanks for stopping by!
The Weekly Adogtable!
Owner surrender. Not sterilized so needs a spay shortly by us. 11 months old up to date on vaccinations (w/ health booklet) Dewormed. Very affectionate and playful Loves kids. Loves to play with other dogs but she is a bit too insistent. Knows basic commands but in exchange for a treat: sit, lie down, stay, paw, talk/speak Tables scraps make her sick. Knows not to approach the table at dinner time. Sleeps on the sofa at night (likes to be comfortable) A bit fearful, needs to be reassured Pulls on leash Gets into trash, nibble at objects/kid toys, etc.
This "cuddly companion" is available through Good Bones Dog Rescue, 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