The Halifax Real Estate Blog Weekly Market Rant and Statistics Wrap Up by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of January 8th - January 15th 2015
(Previous weeks numbers in brackets)
*Previous Year's Stats
New Listings: 363 (364, 208, 232, 273) *389
Sold: 60 (38, 70, 81, 90) *51
Sale To Listing Ratio: 17% (10%, 34%, 35%, 33%) *13%
Listings that went conditional/pending: 64 (64, 67, 85, 90)
Expired/Cancelled/Withdrawn: 92 (101, 210, 150, 340) *114
Total Active Halifax/Dartmouth Inventory: 4,212 (4,117, 4,573, 4,749, 4,840) *4,347
Active Single Family Home: 2,737 (2,679, 2,928, 3,037, 3,117) $2,800
Average Single Family Home List Price: $317,843 ($299, $300k, $283k, $273k) $286
Average Single Family Home Selling Price: $304,541 ($286, $292, $270k, $283k) $280
*Single Family Home Sale to List Ratio This Week: 96% (96%, 97%, 96%, 96%)
Average Days on Market Single Family Home: 144 (115, 122, 162, 118) *113
Active Condos: 384 (377, 421, 442, 440) *415
Average Condo Listing Price: $240,737 ($239, $240k, $247k, $261k) *$246k
Average Condo Selling Price: $231,525 ($230k, $232k, $235k, $253k) *$241k
*Condo Sale to List Ratio This Week: 96% (96%, 96%, 95%, 97%)
Average Days on Market Condos: 145 (122, 134, 153, 175) *107
Absorption Rate in weeks: 68 (70, 52, 51, 60) *75
Active Vacant Lots: 835 (809, 941, 973, 983)
Look like another week in the right direction! New listing additions are on par with last week, which isn't the norm for this time of year. The trend right around now is for listings from last year, and some new additions, to start pouring back onto the market. This week stayed relatively the same, and reported again, lower than last week. Sales last week came in just above last years totals, with nine more units of change. Values are up in the two tracked products, however, days on market spiked from the previous week, and reported higher than the year before as well. Because of the positive activity this week, we witnessed a reduction in the absorption rate, which is not typical for this time of year. So more positive momentum as we hit the mid marker for January, with stats going in the right direction. Make sure to stay tuned to the blog to keep a pulse on our ever changing market!
Hello, I'm Rudy! I am a big, goofy boy looking for a loving home. I like being around people and love affection! I love to sit as close as possible to people to receive all the attention I can. I weigh about 80 pounds and still have more growing to do so I'll need a home that is suitable for an extra large dog like me! I have some resource guarding, I don't like to share my food, and will need a home with no young children (under 12 years old). Obedience classes are mandatory upon my adoption to help me learn proper manners and gain confidence. I met another dog here and just didn't know what to do, I wanted to play but was too afraid. I am going to require more socialization before I can comfortably be around other dogs. I was nervous of the cats too, so an only animal home would make me the happiest. I am a very loving dog who has the potential to make someone a wonderful friend.
This "punky pal" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, Nova Scotia. More info about her, other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE.
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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 property 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. Thanks for stopping by!
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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