THE HALIFAX REAL ESTATE BLOG WEEKLY MARKET REPORT AND STATISTICS WRAP UP (EVERY THURSDAY)

Halifax (HRM) Residential Market Statistic Update For Week of Nov 15th to Nov 22nd 2012
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  317 (303, 352, 298, 348) *303
Sold:  108 (83, 85, 131, 127) *129
Sale to List Ratio: 34% (27, 24%, 44%, 36%) *43%
Expired/Cancelled/Withdrawn:  115 (105, 144, 307, 105) *107
Active Single Family Home: 2809 (2808, 2819, 2810, 2958) *2720
Average Single Family Home List Price:  $313,721 ($277,478, $265,361, $289,972, $298,397) *268k
Average Single Family Home Selling Price:  $301,240 ($266,671, $256,162, $283,192, $290,206) *261k
Average Days on  Market Single Family Home: 96 (95, 74, 75, 83) *102
Active Condos:  269  (274, 273, 279, 313) *306
Average Condo Listing Price:  $274,761  ($312,250, $283,830, $229,137, $277,318) *252k
Average Condo Selling Price: $263,769 (300,416, $275,276, $222,682, $269,990) *242k
Average Days on Market Condos:  72 (69, 56, 72, 207) *172
*Halifax/Dartmouth Absorption Rate (weeks):  40.5 (43, 39.6, 38.3, 41.3)

WOW! Would you look at that average single family home value! Thats only the second time this year that the weekly SFH averages came in over 300k for both list and actual sales price. A couple of whoppers on shore drive may have been a factor but the average listing (of the 85) still decided the overall value. The sales to list ratio stabilized this week to revert to its average overall annual performance in the mid 30 percentile and the absorption rate made a 180 on its last 3 week gain. Some positive activity happening this Movember so far and here's to hoping we can keep the momentum going into the new year! A special mention to my clients that Sold their property this week and to my first time home buyer that received the keys to his new home today! Congratulations on both accounts! Missed the Halifax multi-residential market report? Scroll down to read. Thanks for stopping by!

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 property appraisal 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 :)


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