Halifax (HRM) Residential Statistic Update for the Week of August 17th - August 24th, 2017
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 298 (284, 287, 307, 305) *228
Sold: 151 (154, 140, 142, 167) *153
Sale To Listing Ratio: 51% (54%, 49%, 46%, 55%) *67%
Price Changes: 189 (229, 196, 196, 197) *215
Listings that went conditional/pending: 149 (184, 151, 191, 194) *148
Expired/Cancelled/Withdrawn: 94 (131, 115, 290, 115) *115
Total Active Halifax/Dartmouth Inventory: 4,817 (4,778, 4,804, 4,805, 4,884) *5,377
Absorption Rate in weeks: 33 (32, 32, 30, 30) *38
Single Family Home Stats
Active Single Family Home: 2,974 (2,956, 2,974, 2,968, 2,999) *3,531
Average Single Family Home List Price: $267,906 ($282k,$310k,$325k,$300k) *$316k
Average Single Family Home Selling Price: $258,785 ($278k,$303k,$314k,$287k) *$302k
Single Family Home Sale to List Ratio This Week: 97% (95%, 97%, 97%, 96%) *96%
Median Single Family Home List Price (6 mo): $279,000 ($280k$280k,$280k,$279k)*$265k
Median Single Family Home Sold Price (6 mo): $270,000 ($271k,$271k,$272k,$270k)*$260k
Average Days on Market Single Family Home: 75 (82, 70, 81, 74) *101
Active Condos: 420 (423, 440, 451, 473) *490
Average Condo Listing Price: $258,618 ($266k, $276k, $279k, $237k) *$340k
Average Condo Selling Price: $249,586 ($258k, $271k, $277k, $227k) *$330k
Condo Sale to List Ratio This Week: 97% (97%, 98%, 97%, 96%) 97%
Median Condo List Price (6 mo): $244,900 ($242k, $235k, $235k, $235k) *$260k
Median Condo Sold Price (6 mo): $231,500 ($230k, $225k, $225k, $225k) *$251k
Average Days on Market Condos: 101 (82, 82, 68, 66) *96
Active Vacant Lots: 1,196 (1,173, 1,158, 1,158, 1,176) *1,087
The Summer has been good to us in 2017. Although Spring weather tended to be an extension of the Winter months, we have enjoyed some balmy temps and sunshine this Summer. Unlike the fluctuating seasons, the Halifax real estate market has remained hot all year! Much like the temps though, you can definitely feel the change in the market too. Lower overall activity and declining stats, the acceptance of the peak season ending has taken hold. Not for sellers though! New listings had a slow start to the year, but in a new trend, it seems that the end of the Summer season has brought out the listings! Buyer activity has dropped though, and even this week showed signs of the changing times with a posting of 149 properties that received and accepted offers. Down 35 in just one week. This could just be an anomaly though, The stats have been indicating their usual trend week over week, but then things change and reverse course. It has certainly been an interesting year so far, and there are those welcoming the balanced market, others that are frustrated by it, and those that still think we are in a Buyers market. With the rapidly changing landscape, its good to have a source to keep informed, so check into the blog to keep up to date! Thanks for stopping by!
Belle Needs a New Home!
The Weekly Adogtable!
Looking for your next hiking buddy? Belle is a high energy, rambunctious pup who lives to impress! A very intelligent (sometimes free-thinking!) girl, Belle responds well to firm commands and is always eager to please. She loves to be outdoors, and would give chase to anything and everything if she could, so she needs proper physical exercise and mental stimulation daily to keep her busy. She thrives best with an active and consistent routine, and would be most suited in a home with an experienced adopter who is willing to continue her obedience training so that she can be her best dog!
Belle's ideal home environment would be:
-Free of other animals
-With children over the age of 12
-With an experienced adopter living/prepared for an active lifestyle
-Proof of registration in obedience training is mandatory upon adoption
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!
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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