The Halifax Real Estate Blog Weekly Market Statistics and News Wrap Up New Years Edition (Every Thursday)

Halifax (HRM) Residential Market Statistic Update For Week of Dec 20th to Dec 27th 2012
(Previous weeks numbers in brackets)
*Last year this week

New Listings:  85 (201, 274, 306, 266) *83
Sold:  42 (89, 74, 88, 98) *30
Sale to List Ratio: 49% (44%, 27%, 29%, 37%) *36%
Expired/Cancelled/Withdrawn:  87 (152, 126, 307, 102) *86
Active Single Family Home: 2472 (2515, 2629, 2660, 2809) *2186
Average Single Family Home List Price:  $280,515 ($325,183, $285,434, $279,346, $293,259) *264k
Average Single Family Home Selling Price:  $273,624 ($310,464, $277,393, $271,248, $280,652) *256k
Average Days on  Market Single Family Home: 131 (120, 101, 78, 97) *144
Active Condos:  247  (251, 259, 264, 269) *250
Average Condo Listing Price:  $188,140  ($193,105, $299,755, $360,825, $270,911) *185k
Average Condo Selling Price:  $181,550 ($187,266, $288,211, $343,383, $262,607) *174k
Average Days on Market Condos:  55 (51, 149, 50, 72) *78
*Halifax/Dartmouth Absorption Rate (weeks):  56.5 (48.3, 47.1, 46.5, 48.4)

This will be the last weekly update for 2012! I hope everyone had a great Christmas! Numbers will be a little skewed this week as the activity was minimal. It looks almost the same as last year this time did, major difference is the sales to list ratio (highest all year this week). Still a surprising amount of positive activity this week as we count down the hours until the new year, and a lot of speculation about the market to come as it approaches. I would like to take the opportunity to wish everyone a happy new year and thanks for the continued support of the blog. It started as a education tool for myself but realized that knowledge is a gift that is best shared! I always tell my clients (and really anyone that will listen) that education is key when it comes to large, life changing decisions, and I think buying or selling  property falls into that category. "Expect better, deserve more" is my tag line and I firmly and proudly stand behind those words. So, to the news years resolution... Last year I tried to reduce the amount of fast food consumption and I have to admit that I did just that. Not the easiest task when your constantly on the go but a worthy endeavour none the less. This year I must increase my exercise routine frequency! Whats your new years resolution? Thanks for stopping by and I'll see you in 2013 for the December stats wrap up!

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 :)


Newest blog post HERE