Halifax (HRM) Residential Statistic Update for the Week of October 11th - 18th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 283 (227, 272, 285, 280) *227 Sold: 141 (108, 138, 174, 167) *126 Sale To Listing Ratio: 50% (48%, 51%, 61%, 60%) *56% Price Changes: 124 (173, 174, 172, 163) *196 Listings that went conditional/pending: 140 (157, 154, 164, 176) *158 Expired/Cancelled/Withdrawn: 129 (88, 274, 127, 111) *133 Total Active Halifax/Dartmouth Inventory: 3,889 (3,881, 3,894, 4,030, 4,026) +4,450 Absorption Rate in weeks: 28 (26, 25, 27, 28) *34 Single Family Home Stats Active Single Family Home: 2,163 (2,171, 2,186, 2,258, 2,283) *2,693 Average Single Family Home List Price: $326,863 ($318k,$346k,$308k,$303k) *$282k Average Single Family Home Selling Price: $316,608 ($307k,$338k,$299k,$295k) *$283k Single Family Home Sale to List Ratio This Week: 97% (96%, 98%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $289,900 ($280k,$290k,$290k,$290k)*$275k Median Single Family Home Sold Price (6 mo):$283,000 ($283k,$283k,$282k,$283k)*$268k Average Days on Market Single Family Home: 71 (81, 70, 53, 56) *73 Condo Stats Active Condos: 317 (321, 319, 329, 328, 330) *401 Average Condo Listing Price: $234,775 ($225k, $244k, $213k, $323k) *$235k Average Condo Selling Price: $227,847 ($222k, $238k, $206k, $314k) *$223k Condo Sale to List Ratio This Week: 97% (99%, 97%, 97%, 97%) 95% Median Condo List Price (6 mo): $225,000 ($227k, $230k, $230k, $230k) *$245k Median Condo Sold Price (6 mo): $220,000 ($220k, $221k, $221k, $221k) *$235k Average Days on Market Condos: 125 (149, 112, 79, 105) *118 Active Vacant Lots: 1,080 (1,045, 1,043, 1,071, 1,067) *1,103 Market Rant Is there finally a crack in the veneer, or are we in full swing of the Fall market decline? I would lean towards the latter since its been a great market year so far, but I can acknowledge that there does seem to be an activity wane from the last few weeks. Still, we are reporting better than last year at this time, which was reporting better than several years up to that point, so we are still in good shape. Inventory gained a touch this week, but that can be attributed to a bulk of vacant land that hit the market, as the other tracked products both took reductions. Not surprising that the absorption rate edged up a couple weeks, with average-low sales and consistent listing additions, but again, it is well off last years mark, and that's a good thing. So, it might be an average week, and things might be slowing down, but this is the trend for this time of year so there is no cause for alarm. Usually, this time of year is even sleepier than this, but there are still pockets of communities and price points that have yet to feel it. Interesting times indeed. Make sure to check in and stay on top of our ever changing market landscape! Thanks for stopping by, and don't forget to hit the LIKE button at the bottom of the post! The Weekly Adogtable!Meet Sam. He needs a neuter and chip on us) Age: 1-2 years old Vaccinated Crate trained. Well socialized w/ humans Loves attention and you can touch him all over. No resource guarding. Takes treats gently. Playful w/ female dogs and prefers them over males. Cats unknown. Energetic, Knows basic command: sit Pulls a bit on leash. Not recommended w/ small children as he is strong and may accidentally knock them over. 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
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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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