The Halifax Real Estate Blog Weekly Market Rant and Statistics Update, by Jeremiah Wallace of ViewPoint Realty
Halifax (HRM) Residential Statistic Update for the Week of April 5th - April 12th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 382 (280, 295, 70, 365) *402
Sold: 158 (125, 114, 134, 135) *174
Sale To Listing Ratio: 41% (45%, 39%, 50%, 37%) *43%
Price Changes: 155 (119, 137, 102, 127) *164
Listings that went conditional/pending: 217 (154, 142, 134, 169) *173
Expired/Cancelled/Withdrawn: 106 (66, 67, 81, 172) *115
Total Active Halifax/Dartmouth Inventory: 3,958 (3,864, 3,901, 3,722, 3,686) +4,686
Absorption Rate in weeks: 30 (30, 30, 30, 32) *34
Single Family Home Stats
Active Single Family Home: 2,277 (2,132, 2,103, 2,047, 2,010) *2,805
Average Single Family Home List Price: $333,622 ($326k,$325k,$301k,$349k) *$319k
Average Single Family Home Selling Price: $320,653 ($315k,$314k,$291k,$336k) *$309k
Single Family Home Sale to List Ratio This Week: 96% (97%, 97%,97%, 97%) *97%
Median Single Family Home List Price (6 mo): $279,900 ($279k,$278k,$276k,$279k)*$275k
Median Single Family Home Sold Price (6 mo):$272,000 ($270k,$270k,$270k,$270k)*$268k
Average Days on Market Single Family Home: 67 (88, 69, 88, 93) *85
Active Condos: 371 (375, 367, 368, 370) *463
Average Condo Listing Price: $243,330 ($232k, $252k, $242k, $277k) *$248k
Average Condo Selling Price: $235,691 ($225k, $242k, $232k, $266k) *$234k
Condo Sale to List Ratio This Week: 97% (97%, 96%, 96%, 96%) 95%
Median Condo List Price (6 mo): $238,900 ($238k, $239k, $239k, $239k) *$223k
Median Condo Sold Price (6 mo): $231,750 ($232k, $234k, $234k, $233k) *$215k
Average Days on Market Condos: 108 (82, 127, 97, 80) *161
Active Vacant Lots: 970 (1,008, 1,003, 986, 980) *1,164
Another solid week in the "Spring" market. Unlike the weather, the market continues to heat up as we approach the midway point of April. The stats this week look quite comparable to this time last year, but there are still important differences that separate the two, even if marginal. The inventory and absorption rate are much lower, values are up across the board, and the average days on market are trending down as well. All signs of a healthy, balanced market. Of course, we do have week to week fluctuations like how many listings come to market, weekly sales, price changes etc, but these contribute to the overall market picture and add or subtract their impact accordingly. For now, buyers are still out in full force (just look at the listings that went pending this week), and there is no indication that they will be slowing down anytime soon! Interesting times indeed, make sure you stay tuned to the blog to keep on top of things! Thanks for stopping by!
The Weekly Adogtable!
Always happy, outgoing, affectionate, loves everyone even strangers, relaxed and excited with all physical contact when crated: does not bark, excited greeting (loves everyone) Eats fast great with other dogs: submissive, polite and playful cats unknown playful in presence of toys. Ika is polite on leash knows commands: sit, paw, stay We need to vaccinate , neuter and microchip him. Would make a good family dog.
This "cuddly companion" is available through Good Bones Dog Rescue, 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
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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