The Halifax Real Estate Blog Weekly Market Rant, Notable News and Statistics Update by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of June 12th - June 19th 2014
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 490 (578, 616, 542, 592) *441
Sold: 168 (168, 154, 172, 133) *173
Sale To Listing Ratio: 34% (29%, 25%, 32%, 22%) *39%
Listings that went conditional/pending: 159 (162, 174, 176, 158)
Expired/Cancelled/Withdrawn: 96 (106, 227, 82, 79) *99
Total Active Halifax/Dartmouth Inventory: 5,717 (5,676, 5,569, 5,563, 5,483) *5,547
Active Single Family Home: 3,897 (3,861, 3795, 3,761, 3,703) *3,677
Average Single Family Home List Price: $303,555 ($300,326, $313,837, $314,449, $299,131) *281k
Average Single Family Home Selling Price: $293,003 ($291,173, $302,548, $303,919, $289,648) *273k
Average Days on Market Single Family Home: 84 (104, 78, 122, 96) *82
Active Condos: 545 (562, 560, 554, 553) *447
Average Condo Listing Price: $250,893 ($252,998, $254,277, $240,353, $254,175) *251k
Average Condo Selling Price: $241,033 ($243,573, $244,455, $243,386, $243,612) *145k
Average Days on Market Condos: 77 (69, 70, 117, 90) *88
Active Vacant Lots: 934 (928, 897, 928)
Halifax/Dartmouth Absorption Rate (weeks): 152 (145, 139, 137, 134) *35
More big gains in most areas of the market this week. Both absorption rate and single family homes had hefty increases on the week, while values remained relatively unchanged. Sales to list ratio is up for the third consecutive week, and the average selling time hovers just under the three month mark for both products. Still, things seem very up and down this year overall, and the general market attitude is one of uncertainty and reluctance. The monthly market report is just around the corner so don't forget to stop in later on this week!
Developments heating up across Halifax? This article outlines some of the more recent bids to develop some of our newest city projects.
Halifax orders demolition for Bellevue Avenue eyesore. A demolition order has been approved for a partially built house in south-end Halifax, where construction was suspended after neighbours complained about the size of the building says this article.
Halifax Regional Municipality is forging ahead with plans to pave gravel roads in Cow Bay despite property owners speaking out against the initiative, says this article. Wayne Bell said most residents in the rural area near Cole Harbour don’t want the roads paved, but the municipality has ignored them.
Lily is a beautiful, 2 year old, 50lb pitbull looking for her forever home. Lily has had a very rough life and is looking to start a new one free from bars. She can be timid at first but warms up quickly and loves all people. She walks very well on leash, knows some basic commands, and is so smart, picking up on training extremely well! It is clear that Lily may have been abused in her past, yet she is happiest when someone is in the room with her; she is more than happy to lay on a dog bed or matt and doesn't feel the need to be on top of you constantly. Her ideal home would be with older children, simply so she feels comfortable in her new surroundings, one free from cats and dogs because she is very fearful of them and thus is reactive. Lily is spayed, vaccinated, microchipped, house trained, and kennel trained. To apply to adopt Lily, fill out an Adoption Application.
This "Spicy Seniorita" is available through Buddy's Bully Rescue, 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.
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty, real estate map? Its a great tool for all your real estate research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention it's now more rewarding then ever to become a ViewPoint Client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping!
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 leave a public comment or question below. 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!
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