The Halifax Real Estate Blog Weekly Market Rant, by Jeremiah Wallace of ViewPoint Realty (Every Thursday)
Halifax (HRM) Residential Statistic Update for the Week of June 14th - 21st, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 332 (348, 378, 350, 336) *343
Sold: 189 (182, 218, 194, 195) *200
Sale To Listing Ratio: 57% (52%, 58%, 55%, 58%) *58%
Price Changes: 189 (230, 246, 264, 165) *228
Listings that went conditional/pending: 222 (220, 198, 247, 195) *245
Expired/Cancelled/Withdrawn: 101 (90, 173, 81, 90) *132
Total Active Halifax/Dartmouth Inventory: 4,284 (4,273, 4,249, 4,235, 4,229) +4,909
Absorption Rate in weeks: 22 (22, 21, 22, 23) *26
Single Family Home Stats
Active Single Family Home: 2,489 (2,476, 2,478, 2,472, 2,480) *3,024
Average Single Family Home List Price: $342,275 ($353k,$333k,$339k,$322k) *$291k
Average Single Family Home Selling Price: $329,986 ($343k,$325k,$333k,$313k) *$283k
Single Family Home Sale to List Ratio This Week: 96% (97%,98%, 98%, 97%) *97%
Median Single Family Home List Price (6 mo): $289,900 ($290k,$289k,$286k,$285k)*$280k
Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k
Average Days on Market Single Family Home: 57 (52, 50,53, 50) *75
Active Condos: 430 (431, 422, 415, 408) *482
Average Condo Listing Price: $295,695 ($273k, $321k, $307k, $285k) *$285k
Average Condo Selling Price: $290,177 ($264k, $310k, $297k, $279k) *$276k
Condo Sale to List Ratio This Week: 98% (97%, 97%, 97%, 98%) 97%
Median Condo List Price (6 mo): $238,900 ($238k, $238k, $238k, $236k) *$230k
Median Condo Sold Price (6 mo): $230,000 ($226k, $226k, $227k, $225k) *$220k
Average Days on Market Condos: 40 (88, 60, 59, 88) *84
Active Vacant Lots: 995 (984, 978, 975, 983) *1,153
Happy first day of Summer... Finally! I dare say, this better be the Summer to end all Summer's after the Spring we just had. Despite the colder than normal temps, the market was anything but frigid in the early part of the year, seeing soaring sales and declining inventory. Spring was certainly an exciting market season, so it will be with great anticipation that we welcome the Summer months. Not only for the hopefully warmer weather, but for the continuation of the healthy real estate market that we have enjoyed so far this year. Activity took a slight hit this week, showing signs of slower buyer activity and less new listings, but hopefully that is just an "off week". Overall though, there was marginal gains in the overall inventory numbers and the absorption rate remained steady, so it's likely a bump on the market road. Have a great Summer everyone, and thank for stopping by!
The weekly Adogtable!
Loly is a female aged 5 years old with medium energy. She is spayed, microchipped , vaccinated and on parasite prevention. Loving temperament and thinks she is a lap dog. Pet free clicker and positive reinforcement trained. No pets or kids for Loly as she is anxious. Can be head strong but we figured out she will work for her food.
Kids yes but school aged ideal because she is used to that age and may forget not to jump up . Loving temperament ,Thinks she is a lap dog. no cats and no dogs becomes too excited Pulls on leash if she sees a bird ect due to a prey drive but, on her gentle leader things are better. knows basic commands, sit, down, refocuses on handler when unsure Is crate trained but totally trustworthy uncrated.
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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah