Halifax (HRM) Residential Market Statistic Update For Week of May 2nd to May 9th 2013
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 606 (683, 573, 616, 490) *632
Sold: 172 (166, 153, 109, 133) *202
Sale To List Ratio: 28% (24%, 26%, 18%, 27%) *32%
Expired/Cancelled/Withdrawn: 97 (125, 91, 83, 104) *69
Total Active Halifax/Dartmouth Inventory: 5,213 (5,084, 4,933, 4,791, 4,594)
Active Single Family Home: 3505 (3423, 3287, 3187, 3037) *2897
Average Single Family Home List Price: $296,250 ($293,869, $319,827, $309,518, $292,520) *293k
Average Single Family Home Selling Price: $288,403 ($286,471, $311,439, $301,840, $287,003) *289k
Average Days On Market Single Family Home: 80 (74, 90, 80, 93) *60
Active Condos: 404 (384, 371, 353, 337) *240
Average Condo Listing Price: $263,420 ($293,533, $288,341, $295,646, $292,810) *256k
Average Condo Selling Price: $258,366 ($285,818, $280,358, $288,946, $280,665) *250k
Average Days On Market Condos: 44 (72, 120, 107, 191) 48
Halifax/Dartmouth Absorption Rate (weeks): 38 (39, 40, 40, 112)
Hold on sellers, there may be hope yet! For the third consecutive week we have seen a balance come over the market and some inventory finally start to move. Some areas of the city are lighting up with renewed activity and certain mid price point homes (300K-450k) are being hunted. Areas of Beaverbank, Sackville, Hammonds Plains and Fall River are really starting to attract attention by home shoppers and more activity is expected this month with the Military Relocation Program starting its posting season. Another product that is being sought after are investments. From house flippers to multi-residential, and even land developers have increased their push to grab a piece of the Halifax pie. Looks like the warm weather did make its impact on things around here, just have to wait to see how long it lasts.
Make sure to stop by later for the Halifax Real Estate Blog monthly market wrap up for April! Thanks for stopping by!
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 :) 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..
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