The Howlifax Real Estate Blog Weekly Market Report and Statistics Update by Jeremiah Wallace (Every Thursday)
Halifax (HRM) Residential Market Statistic Update For Week of October 24th 2013 to October 31st
(Previous weeks numbers in brackets)
*Last year this week
New Listings: 323 (386, 330, 416, 445) *298
Sold: 96 (96, 97, 116, 108) *131
Sale To List Ratio: 30% (25%, 29%, 28%, 24%) *44%
Expired/Cancelled/Withdrawn: 188 (149, 148, 153, 413) *307
Total Active Halifax/Dartmouth Inventory: 5,161 (5,247, 5,246, 5,278, 5,276)
Active Single Family Home: 3,426 (3,478, 3,519, 3,536, 3,547,) *2,810
Average Single Family Home List Price: $288,708 ($,284,754, $263,775, $291,777, $289,210) *290k
Average Single Family Home Selling Price: $279,192 ($275,216, $256,071, $281,699, $279,744) *283k
Average Days On Market Single Family Home: 103 (113, 101, 95, 105) *75
Active Condos: 398 (401, 399, 409, 405) *279
Average Condo Listing Price: $220,585 ($241,620, $268,519, $259,544, $291,476) *229k
Average Condo Selling Price: $213,892 ($234,480, $261,570, $252,246, $283,476) *223k
Average Days On Market Condos: 64 (48, 73, 56, 120) *72
Halifax/Dartmouth Absorption Rate (weeks): 55 (55, 52, 54, 69) *38
So after a few false starts to the annual trend declination, things are finally starting to taper off. Inventory is down, listing additions are down, expiries are up, you know, the usual for this time of year. Looks like we had a pretty good sales week last year with the sales to list ratio coming in at 44%, close to the highest report of the year. This week is sitting at 30%, and if you can believe it, it's pretty darn close to the highest report of the year as well. The market is still a buzz with active buyers frequenting open houses, making inquires, and the odd offer. As long as the sunny weather holds out, I have a feeling that we will be milking this cow well into November. Thanks for stopping by and have a Happy Halloween!
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 Damian. Although not much information is posted about Damian at this time, you can click on the picture to be taken to the website to contact the rescue.
He is currently being cared for by the NSPCA, a non-profit rescue organization out of Dartmouth, NS.
Details about this fella 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