The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty
Halifax (HRM) Residential Market Statistic Update for the Week of May 18th - May 25th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 416 (400, 420, 485, 432) *355
Sold: 178 (213, 203, 174, 167) *148
Sale To Listing Ratio: 43% (53%, 48%, 36%, 37%) *42%
Price Changes: 191 (209, 236, 228, 200) *245
Listings that went conditional/pending: 213 (203, 241, 230, 214) *184
Expired/Cancelled/Withdrawn: 64 (99, 93, 308, 144) *125
Total Active Halifax/Dartmouth Inventory: 4,947 (4,860, 4,776, 4,700, 4,755) *5,621
Absorption Rate in weeks: 26 (26, 28, 29, 31) *35
Single Family Home Stats
Active Single Family Home: 3,026 (2,971, 2,918, 2,850, 2,881) *3,571
Average Single Family Home List Price: $324,174 ($339k, $330k, $357k, $330k) *$296k
Average Single Family Home Selling Price: $315,338 ($329k, $321k, $344k, $320k) *$287k
Single Family Home Sale to List Ratio This Week: 97% (97%, 97%, 97%, 97%) *97%
Median Single Family Home List Price (6 mo): $279,000 ($275k,$280k,$280k, $280k)*$280k
Median Single Family Home Sold Price (6 mo): $270,000 ($269k,$273k,$273k,$270k)*$278k
Average Days on Market Single Family Home: 70 (65, 68, 86, 100) *95
Active Condos: 505 (504, 496, 500, 499) *474
Average Condo Listing Price: $260,808 ($252k, $206k, $267k, $269k) *$295k
Average Condo Selling Price: $249,125 ($243k, $196k, $257k, $261k) *$282k
Condo Sale to List Ratio This Week: 96% (96%, 96%, 96%, 98%) 95%
Median Condo List Price (6 mo): $229,450 ($228k, $225k, $225k, $225k) *$282k
Median Condo Sold Price (6 mo): $220,000 ($216k, $215k, $216k, $215k) *$276k
Average Days on Market Condos: 151 (98, 52, 70, 95, 162) *133
Active Vacant Lots: 1,158 (1,128, 1,104, 1,102, 1,125) *1,027
Business as usual? Hello everyone, and welcome to the tardy edition of the Halifax Real Estate market rant! It looks as though Sellers are on board with the Spring market now, as listings continue to pile onto the market with another solid +400 additions this week. Buyer activity doesn't seem to be declining either. Although there was fewer sales this week driving down the sales to list ratio, there is a good amount of properties that received and accepted offers indicating that Buyers are still out in mass. The overall market continues to report much healthier than last year as well, with fewer listings cancelling or expiring from the market, significantly lower inventory, and the reduced absorption rate. Typically, as we edge closer to Summer things are meant to wain, but with reported activity of the 2017 market thus far, I wouldn't expect to see a full stop anytime soon. Of course, the real estate market here in Halifax is anything but predictable, but there is an attitude of "let it ride" out there currently. Make sure to stop by the blog to stay up to date with all the happenings of our market, and thanks for stopping by!
Charlie arrived at the Dartmouth SPCA late April. He was surrendered by his previous owners who were no longer able to care for him.
This guy may need some time to form a bond and earn his trust. Once Charlie gets to know you, you will truly see how much a dog is capable of loving someone. He is a big sweetheart who just wants to hang out and have fun. He absolutely loves tennis balls! He plays a great game of fetch.
Charlie will only be going outside with serious adopters at this time. In his time at the shelter staff have been working on building his confidence. He is quite nervous being around men. Other dogs also cause him to become quite fearful. Due to these considerations, if you are interested in meeting Charlie a staff member would be glad to accompanied you into one of our outdoor play areas! We are hoping that this way he will be more comfortable meeting potential adopters!
Short walks would be best. Vets have diagnosed him with luxating patellas in his rear end. It's also suspected that he may have degenerative joint disease. Down the road it may be recommended for him to receive corrective surgery. Currently he is on pain medication for this (Metacam) and will be for the rest of his life.
We think Charlie will be able to interact with dogs when he has gone to his forever home. This could be done if his new family has the patience to properly help him be introduced slowly to new dog friends. He does seem to be more comfortable with female dogs-as opposed to males. Staff believe Charlie would prefer to be the only dog in the home.
Charlie will need to be in a home with adults only. Since he is so timid, quick moving children, strangers, and new situations can make him quite nervous. A quiet home would be best for him.
If you can provide the love and kindness this guy needs, ask the staff to meet him today!
This "cuddly companion" is available through the Dartmouth SPCA, a non profit rescue organization from Halifax, Nova Scotia. More info about him, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE
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!
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Newest Blog post HERE
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