Halifax (HRM) Residential Statistic Update for the Week of June 28th - July 5th, 2018
(Previous weeks numbers in brackets)
*Previous Year's Stats
New/Back to Market Listings: 335 (306, 332, 348, 378) *302
Sold: 174 (217, 189, 182, 218) *146
Sale To Listing Ratio: 52% (71%, 57%, 52%, 58%) *48%
Price Changes: 206 (190, 189, 230, 246) *189
Listings that went conditional/pending: 175 (220, 222, 220, 198) *176
Expired/Cancelled/Withdrawn: 229 (80, 101, 90, 173) *257
Total Active Halifax/Dartmouth Inventory: 4,225 (4,273, 4,284, 4,273, 4,249) +4,825
Absorption Rate in weeks: 22 (21, 22, 22, 21) *26
Single Family Home Stats
Active Single Family Home: 2,457 (2,479, 2,489, 2,476, 2,478) *2,957
Average Single Family Home List Price: $307,946 ($335k,$342k,$353k,$333k) *$286k
Average Single Family Home Selling Price: $298,617 ($323k,$330k,$343k,$325k) *$276k
Single Family Home Sale to List Ratio This Week: 96% (96%, 96%, 97%,98%) *97%
Median Single Family Home List Price (6 mo): $289,500 ($290k,$290k,$290k,$289k)*$275k
Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k
Average Days on Market Single Family Home: 69 (58, 57, 52, 50) *85
Active Condos: 408 (424, 430, 431, 422) *476
Average Condo Listing Price: $211,609 ($239k, $296k, $273k, $321k) *$245k
Average Condo Selling Price: $204,400 ($229k, $290k, $264k, $310k) *$232k
Condo Sale to List Ratio This Week: 96% (96%, 98%, 97%, 97%) 95%
Median Condo List Price (6 mo): $234,950 ($238k, $239k, $238k, $238k) *$230k
Median Condo Sold Price (6 mo): $225,000 ($228k, $230k, $226k, $226k) *$220k
Average Days on Market Condos: 69 (87, 40, 88, 60) *103
Active Vacant Lots: 994 (998, 995, 984, 978) *1,159
What a month June was! It wasn't until the last week that things started to slowly edge off the pedal, even still, it was just slightly. No doubt the warm weather brings the "at last" feeling of Summer, so it's not a surprise that Haligonians may have been out doing fun things, besides house shopping. Also, it was the Canada Day long weekend, which I would go out on a limb and say is the fourth biggest holiday vacancy next to Christmas (week), Remembrance Day, and the August long weekend. Despite the holiday, it was relativity business per new trend, with more listings to market and only a slight sales reduction this week. Oddly, values in both tracked products took a reduction, but so did the overall inventory for the third week in a row. There is still a rather large gap between the inventory levels from this year to last, but it seems to be narrowing week to week. Same too can be said about the absorption rate. Just a few weeks ago it seemed as if we would take a commanding lead on 2017, but it seems as though there might still be time for a bit of cat and mouse. You will have to stop by to see how the race ends! Thanks for stopping by!
The weekly Adogtable!
Meet Sophia! If you're looking for an adventurous four-legged friend this summer, come and meet Sophia! Sophia not only enjoys the water, but loves long walks, games of fetch and tug-of-war. She loves the great outdoors and lounging in the sun on warm days. If you have a summer bucket list, Sophia would love to accomplish these things with you!
Sophia's ideal home would be:
- Without other animals
- With children over the age of 12
Sophia gets excited very easily and will benefit from leadership and obedience. Because of this, registration with obedience classes is mandatory upon adoption. She also prefers the company of people over animals so no dogs or cats for her.
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
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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