Halifax (HRM) Residential Market Statistic Update For Week of Feb 14th to Feb 21st 2013 (Previous weeks numbers in brackets) *Last year this week New Listings: 334 (361, 365, 330, 394) *391 Sold: 86 (87, 100, 78, 78) *153 Sale to List Ratio: 26% (24%, 27%, 24%, 20%) *39% Expired/Cancelled/Withdrawn: 99 (123, 87, 98, 136) *42 *Total Active Halifax/Dartmouth Inventory: 3,951 (3,876, 3,828, 3,749, 3,697) Active Single Family Home: 2576 (2519, 2480, 2427, 2402) *2278 Average Single Family Home List Price: $306,974 ($285,934, $301,393, $337,942, $291,321) *284k Average Single Family Home Selling Price: $295,689 ($272,071, $291,510, $326,260, $279,929) *276k Average Days on Market Single Family Home: 75 (97, 114, 136, 133) *117 Active Condos: 310 (301, 288, 272, 261) *249 Average Condo Listing Price: $273,928 ($246,266, $291,922, $391,216, $331,385) *226k Average Condo Selling Price: $266,042 ($241,866, $288,133, $381,900, $322,707) *213k Average Days on Market Condos: 40 (44, 76, 94, 125) *107 *Halifax/Dartmouth Absorption Rate (weeks): 49 (49, 53, 61.8, 70.6) That was quite the compliment to be asked to provide my opinion on the Halifax real estate market by Global Maritimes news! (see below). One of the things that was briefly touched on but not fully covered was the Halifax Regional Police interactive mapping website. I think this site will be great tool to add to any real estate market research but could also have various counter effects that sellers may be wary of. Questions of market value being reduced based on the knowledge of crime in the neighbourhood may impair judgement or exclusion of a current home for sale based on that activity. For now, the map only has a maximum 7 day history so I can't imagine a direct impact on neighbourhoods based on such a short timespan. If they increase the history, say to 1 or 2 years, that may give grounds to drive prices down in some areas and up in others. A positive aspect of the map is that is gives homeowners a snapshot of what is currently going on in their neighbourhood. With frequent visits, homeowners will know what crimes are going on and may be more inclined to notice and report suspicious activity. Another positive factor is the aid to relocations and outside investors. With this tool they can get to know the areas of the city a little bit more without actually having to talk to a local. I would love to hear your opinions on this matter by leaving comments below. Another solid week under Februarys belt. Pretty consistent with last week as the market makes its rebound from our 27% market drop that was discussed during the interview. 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 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 :)
Newest blog post HERE Halifax Real Estate Comments are closed.
|
Jeremiah Wallace, CDJeremiah 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.. ListingsPhoto's by Jeremiah
Archives
January 2025
Categories
All
|