The Halifax Real Estate Blog Weekly Market Report and Statistic Update by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of October 17th 2013 to October 24th
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 386 (330, 416, 445, 423) *348
Sold: 96 (97, 116, 108, 110) *127
Sale To List Ratio: 25% (29%, 28%, 24%, 26%) *36%
Expired/Cancelled/Withdrawn: 149 (148, 153, 413, 137) *105
Total Active Halifax/Dartmouth Inventory: 5,247 (5,246, 5,278, 5,276, 5,465)
Active Single Family Home: 3,478 (3,519, 3,536, 3,547, 3,623) *2,958
Average Single Family Home List Price: $284,754 ($263,775, $291,777, $289,210, $283,446) *298k
Average Single Family Home Selling Price: $275,216 ($256,071, $281,699, $279,744, $272,234) *290k
Average Days On Market Single Family Home: 113 (101, 95, 105, 105) *83
Active Condos: 401 (399, 409, 405, 419) *313
Average Condo Listing Price: $241,620 ($268,519, $259,544, $291,476, $289,416) *277k
Average Condo Selling Price: $234,480 ($261,570, $252,246, $283,476, $281,333) *270k
Average Days On Market Condos: 48 (73, 56, 120, 80) *207
Halifax/Dartmouth Absorption Rate (weeks): 55 (52, 54, 69, 58) *41
Little bit of last minute shopping going on out there. Activity has picked back up again over the last few weeks, and buyers are out in full force trying to find the perfect place to spend Christmas. With November in our sights, it seems there may be a few extra weeks of market left to entice sellers to stick around a little longer. Although the numbers aren't reflective of the activity I'm talking about, you could pick up the phone and call a bunch of different brokerages and I'm sure they would all say that the market has picked up. Is it temporary? most likely. But if nothing else, the market this year has been interesting to away the least for some, and a roller coaster of emotions others. Slowly but surely our statistics are starting to align with last years numbers, besides the inventory, and outlook has actually shifted towards the positive. There are many folks out there putting stock in the year to come, guess only time will tell. Thanks for stopping by!
Since October is "Pit Bull awareness" month, figured I would feature adoptable Pit Bull's all month. As many of you know, that breed is near and dear to my heart (Hamish & Bruin). The feature aDOGtable this week is a Sirius. He is a very sweet older boy who is young at heart. He may not be the prettiest looking dog out there, but will love you unconditionally! He needs a home where he is the only doggie, and with no young children please. Stop by HBCP and meet him today...he would love to meet you.
He is currently being cared for by Homeward Bound City Pound, a non-profit rescue organization out of Dartmouth, NS.
Details about this beauty and others ready for a "furever" home including how to adopt, other dogs for adoption and ways to donate, can be found by clicking the picture :) Thank you for your consideration!
Are you familiar with ViewPoint Realty? How about the ViewPoint 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!
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.
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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