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 September 12th - 19th, 2019
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 265 (277, 246, 245, 286) *280
Sold: 192 (149, 147, 158, 209) *167
Sale To Listing Ratio: 72% (54%, 60%, 65%, 73%) *60%
Price Changes: 132 (121, 140, 115, 168) *163
Listings that went conditional/pending: 208 (168, 189, 194, 198) *176
Expired/Cancelled: 66 (71, 141, 67, 89) *111
Total Active Halifax/Dartmouth Inventory: 3,139 (3,157, 3,132, 3,194, 3,216) +4,026
Absorption Rate in weeks: 19 (19, 19, 18, 17) *28
Single Family Home Stats
Active Single Family Home: 1,716 (1,751, 1,744, 1,775, 1,816) *2,283
Average Single Family Home List Price: $351,008 ($318k,$333k,$327k,$332k) *$304k
Average Single Family Home Selling Price: $342,069 ($312k,$327k,$321k,$324k) *$295k
Single Family Home Sale to List Ratio This Week: 98% (98%, 98%, 98%, 98%) *97%
Median Single Family Home List Price (6 mo): $309,000 ($309k,$306k,$305k,$305k)*$290k
Median Single Family Home Sold Price (6 mo):$303,000($303k,$302k,$300k,$302k)*$283k
Average Days on Market Single Family Home: 54 (86, 60, 53, 58) *56
Active Condos: 220 (213, 205, 203, 196) *328
Average Condo Listing Price: $275,011 ($285k, $293k, $280k, $287k) *$322k
Average Condo Selling Price: $269,676 ($276k, $287k, $276k, $278k) *$314k
Condo Sale to List Ratio This Week: 98% (97%, 98%, 98%, 97%) 97%
Median Condo List Price (6 mo): $249,900 ($250k, $250k, $250k, $250k) *$230k
Median Condo Sold Price (6 mo): $243,000 ($244k, $243k, $243k, $240k) *$221k
Average Days on Market Condos: 46 (68, 27, 114, 60) *105
Active Vacant Lots: 935 (930, 916, 946, 937) *1,067
Now why can't the weather be as hot as the market right now? What looked like the start of the annual activity reduction trend has turned a bit on its heals, generating a bit more action as head into the Fall. Although it was a fairly average new listing week, sales had solid showing, but the big stat of the week is the amount of properties that received and accepted offers this week, showcasing that buyers are not done yet! There was a feeling in the market this week that had ramped up again, and seeing the numbers this week just confirms it. There does seem to be an end of Summer surge annually though, which may be assisted by the school year. Seems coincidental that there is a lack of activity across the board around the beginning of September when school starts, only to pick up again in full force a week or two later. So another strong end to the Summer, I just wish it wasn't over so quickly! Thanks for stopping by!
The Weekly Adogtable!!
Layla was surrendered as she liked to eat the baby's toys. This sweet girl knows her basic obedience, walks well on leash and is good with other dogs. She is energetic, playful, affectionate and loves to cuddle! She loves to play ball and go for walks. She is also crate trained. Layla likes to jump on people initially to say hi, but is learned to keep her paws on the ground. She is being fostered with another dog and a cat.
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.
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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Newest Blog post HERE
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