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 November 7th - 14th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 211 (221, 195, 262, 212) *202
Sold: 157 (174, 153, 172, 142) *99
Sale To Listing Ratio: 74% (79%, 79%, 66%, 67%) *49%
Price Changes: 95 (96, 142, 137, 137) *101
Listings that went conditional/pending: 158 (188, 183, 204, 185) *134
Expired/Cancelled: 69 (199, 83, 75, 94) *100
Total Active Halifax/Dartmouth Inventory: 2,721 (2,722, 2,788, 2,902, 2,934) +3,704
Absorption Rate in weeks: 17 (17, 18, 18, 18) *33
Single Family Home Stats
Active Single Family Home: 1,437 (1,444, 1,484, 1,555, 1,609) *2,042
Average Single Family Home List Price: $388,869 ($347k,$352k,$339k,$317k) *$329k
Average Single Family Home Selling Price: $375,041 ($340k,$344k,$333k,$314k) *$320k
Single Family Home Sale to List Ratio This Week: 96% (98%, 98%, 98%, 99%) *97%
Median Single Family Home List Price (6 mo): $309,900 ($310k,$310k,$310k,$310k)*$289k
Median Single Family Home Sold Price (6 mo):$304,000 ($305k,$305k,$305k,$304k)*$280k
Average Days on Market Single Family Home: 83 (66, 58, 65, 58) *101
Active Condos: 194 (190, 184, 193, 199) *312
Average Condo Listing Price: $238,500 ($225k, $266k, $273k, $228k) *$286k
Average Condo Selling Price: $231,652 ($224k, $259k, $276k, $226k) *$281k
Condo Sale to List Ratio This Week: 97% (99%, 98%, 98%, 99%) 98%
Median Condo List Price (6 mo): $248,000 ($250k, $250k, $250k, $250k) $235k
Median Condo Sold Price (6 mo): $239,000 ($240k, $240k, $240k, $240k) *$225k
Average Days on Market Condos: 57 (46, 67, 72, 61) *51
Active Vacant Lots: 878 (868, 897, 918, 891) *1,031
Bit of a sleepy week this week, but that can be expected on the report that has Remembrance Day in it. Historically, this week tends to be one of the slowest of the year, and rightly so, as most will take a moment to reflect and remember those that have fought for the freedom we currently enjoy. It was still an active week though, given that all real estate activities are shut down on November 11th, so it only goes to show that this current market doesn't skip a beat. There was only a few variations this week to overall activity, and they included the reporting of higher sales values for the week, the increase of the average days oil market across the board, and slight reductions to the six month average median values in both tracked products. Does that mean to say things are slowing down finally? Likely not, but the next few weeks will certainly be an indication of where we might be headed as we get ready to welcome in the new year. Make sure you stop by to find out which way we go, and thanks for stopping by!
The Weekly Adogtable
Tyson is a 13 month old Harlequin great Dane. He is neutered and up to date on vaccines and flea and tick meds. Tyson is fearful with strangers, will bark and needs his space but improving.He is very affectionate with women especially but, he needs more time with men then he is very playful after that. Tyson has a moderate energy level. Will be a good guardian, needs some management when new people come to his home because he's fearful but we can advise you on this.
Tyson thrives in a calm environment with one or 2 adults. No cats or small dogs but, he is Okay with medium/big dogs who love to play a little bit rough. Tyson has food resource guarding so needs to be fed separately for meals. He also has a chicken allergy . Tyson loves to play with people but he jumps a lot and can be rough with his paws or be mouthy. He is calm after exercise. He is used to being crated or left in a room when humans go to work. Tyson likes to run away with a stolen objects/ toys.He doesn't give his toys easily but he still wants too play with you do, it's Okay if you exchange with another toy. Tyson always wants to play with other dogs but can be rough with his paws...he's a Goofy sweet boy with other dogs and acts like a puppy! He is being foster with a golden doodle. Tyson doesn't like children only because they are too intrusive of his space and competition for his food resource guarding. He's a dog with good bones if he is in the right home for him, he is a very playful and affectionate 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.
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!
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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