The Halifax Real Estate Blog Weekly Statistics Update and Market Report by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of October 10th 2013 to October 17th
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 330 (416, 445, 423, 441) *397
Sold: 97 (116, 108, 110, 88) *126
Sale To List Ratio: 29% (28%, 24%, 26%, 20%) *32%
Expired/Cancelled/Withdrawn: 148 (153, 413, 137, 138) *149
Total Active Halifax/Dartmouth Inventory: 5,246 (5,278, 5,276, 5,465, 5,473)
Active Single Family Home: 3,519 (3,536, 3,547, 3,623, 3,617) *2,986
Average Single Family Home List Price: $263,775 ($291,777, $289,210, $283,446, $278,083, $293,593) *285k
Average Single Family Home Selling Price: $256,071 ($281,699, $279,744, $272,234, $269,851) *275k
Average Days On Market Single Family Home: 101 (95, 105, 105, 100) *100
Active Condos: 399 (409, 405, 419, 403) *339
Average Condo Listing Price: $268,519 ($259,544, $291,476, $289,416, $247,566) *194k
Average Condo Selling Price: $261,570 ($252,246, $283,476, $281,333, $237,544,) *190k
Average Days On Market Condos: 73 (56, 120, 80, 131) *56
Halifax/Dartmouth Absorption Rate (weeks): 52 (54, 69, 58, 51) *42
Is it another false decline? or has the market finally decided to start the ebb into the annual trend. All major stat areas are down this week signalling the slow decline of market activity. Although we have a reasonably greater number of units on the market compared to this time last year, our weekly stats are starting to align. One of the weekly interests is the value of single family homes, will they continue this value decline? or will they recover to match, and hopefully surpass, the values of last year. Nothing else really out of the ordinary this week as we carry on with our mediocre market. One can only hope we see general interest pickup and market activity improve. Thanks for st
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 Jordie. Jordie is settling into foster and available for adoption!
He is 5 years young and a TOTAL luvbug .
Jordie is completely blind, so a patient, structured home would be great.
Another dog as a guide would be perfect for this handsome man.
MORE ABOUT JORDIE
Prefers a home without: Young Children • House trained • Spayed/Neutered • Special Needs • Shots Current • Primary Color(s): Apricot or Beige • Coat Length: Short
they are currently being cared for by Pit Project Rescue, a non-profit rescue organization out of Lawrencetown, 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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah