The Halifax Real Estate Blog Weekly Property Report and Statistics Update by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of November 28th to December 5ht 2013
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 303 (300, 314, 326, 466) *306
Sold: 90 (87, 121, 68, 166) *88
Sale To List Ratio: 30% (29%, 39%, 21%, 37%) *29%
Expired/Cancelled/Withdrawn: 353 (128, 148, 138, 259) *307
Total Active Halifax/Dartmouth Inventory: 4,727 (4,974, 4,976, 5.032, 5,029)
Active Single Family Home: 3,031 (3,210, 3,239, 3,298, 3,319) *2,660
Average Single Family Home List Price: $302,000 ($282.065, $285,888, $244,829, $309,696) *279k
Average Single Family Home Selling Price: $290,985 ($272,556, $268,293, $235,710, $,293,573) *271k
Average Days On Market Single Family Home: 127 (107, 107, 96, 111) *78
Active Condos: 417 (431, 413, 412, 407) *264
Average Condo Listing Price: $300,515 ($277,485, $235,185, $236.813, $216,268) *270k
Average Condo Selling Price: $290,515 ($269,842, $227,971, $228,750, $209,428) *262k
Average Days On Market Condos: 110 (74, 63, 110, 123) *140
Halifax/Dartmouth Absorption Rate (weeks): 56 (102, 48, 51, 48) *46
First week of December reported pretty typically for this time of year. Although the white stuff hasn't started flying yet, the end of the year seems to have been a final push for many listed on the market, or looking for a great deal. This weeks expired listings where extremely high, also typical for this time of year. Weary sellers who have lasted out the market in hopes of getting that year end bid, find themselves reflecting on the market and what may have been done differently. No doubt a good percentage of those who expired this week will return in the Spring, hopefully with renewed vigour, realistic goals, and a new marketing strategy. Although the statistics reflect the fact that sales have been quite poor this year, when it comes time to re-list a property in the Spring, many folks might opt for a change in representation. Without question, the marketing landscape for property is completely different from what it was 5-10 years ago, you could even go as far as say 2-3 years ago. Technology is leading the way to a new, tech savvy, and educated buyers and sellers. Make sure you find the right fit to stand above the swell of inventory, and take the question of marketing from the back of your mind. Make sure you check out the monthly graphical analysis for November by scrolling down. Thanks for stopping by!
Tammy is a 4 year old Am staff, that once she gains your trust will become a total love bug. She loves the outdoors, running around being a total goof, getting a belly rub, or just going for a stroll. In the house she will lay at you feet and play with her toys for hours, or snuggle up next to you for some cuddles.
She is house trained, kennel trained, spayed, micro-chipped, UTD on vaccines. Tammy would love a nice quiet home to hang out with her people in. She would also require a home without any other pets in it.
This beauty is currently being cared for by Pit Project Rescue, a non profit rescue association. 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