Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 276 (323, 266, 227, 205) *300 Sold: 169 (145, 117, 120, 123) *149 Sale To Listing Ratio: 61% (45%, 44%, 53%, 60%) *50% Price Changes: 86 (72, 64, 64, 77) *83 Conditional Sale: 159 (196, 173, 120, 136) *176 Expired/Cancelled/Withdrawn: 39 (49, 56, 75, 30) *43 Total Active Halifax/Dartmouth Inventory: 1,435 (1,398, 1,338, 1,345, 1,316) *1,273 Absorption Rate: 10 (11, 11, 11, 11) *10 Single Family Home Stats Active Single Family Home: 696 (696, 668, 676, 649) *633 Average Single Family Home List Price: $660,059 ($672k, $629k,$569k, $600k) *$626k Average Single Family Home Selling Price: $665,910 ($679k,$634k, $577k, $604k,) *$628k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $549,900 ($540k,$530k,$525k,$525k) *$500k Median Single Family Home Sold Price(6 mo):$547,500 ($541k, $530k, $526k, $527k)*$495k Average Days on Market Single Family Home: 32 (45, 42, 45, 35) *29 Condo Stats Active Condos: 112 (114, 116, 121, 124) *101 Average Condo Listing Price: $480,384 ($464k, $476k, $466k, $471k) *$435k Average Condo Selling Price: $485,902 ($467k, $478k, $461k, $476k) *$454k Condo Sale to List Ratio This Week: 101% (101%, 101%, 99%, 101%) *105% Median Condo List Price (6 mo): $434,387 ($429k, $434k, $438k, $435k) *$400k Median Condo Sold Price (6 mo): $429,450 ($429k, $429k, $429k, $429k) *$403k Average Days on Market Condos: 11 (25, 25, 25, 23) *10 Active Vacant Lots: 431 (415, 396, 386, 392) *401 Market Rant The Spring market is in full swing, with plenty of buyer and seller activity to go around. Good amount of new listings this week, coupled with the strongest sales week we have seen this year so far makes for a positive environment for both groups. Accepted offers were down slightly compared to last week, but still reporting strong for the time of year. One of the surprising stats this Spring has been the value bumps in two tracked products. While condo numbers have somewhat held steady this year so far, the Single Family Home values have gained a good amount, with recent spikes over the past few weeks. Both listing and selling prices for the six month median single family home stats have gained $25,000 in a short four week timespan. Furthermore, these values have also gained $50,000, from last year at this time for Single Family Homes, and $30,000 for Condominiums, which seems to contradict general speculation for the Halifax market. It's the little market that could, and recovery from the pandemic market has had a pretty soft landing so far. Still lacking affordable home options in the city, and anything that lists sub $500k is seeing elevated activity for this time of year. The supply is better than last year so far however, and buyer activity does appear to be a bit less as well. Headed to the defining weeks of the 2024 Spring market, so stay tuned to the blog to see which way things go! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! 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 contact me with questions or comments. 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. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 323 (266, 227, 205, 205) *258 Sold: 145 (117, 120, 123, 121) *138 Sale To Listing Ratio: 45% (44%, 53%, 60%, 60%) *54% Price Changes: 72 (64, 64, 77, 87) *61 Conditional Sale: 196 (173, 120, 136, 136) *196 Expired/Cancelled/Withdrawn: 49 (56, 75, 30, 31) *37 Total Active Halifax/Dartmouth Inventory: 1,398 (1,338, 1,345, 1,316, 1,278) *1,202 Absorption Rate: 11 (11, 11, 11, 12) *10 Single Family Home Stats Active Single Family Home: 696 (668, 676, 649, 633) *580 Average Single Family Home List Price: $672,421 ($629k,$569k, $600k, $606k) *$644 Average Single Family Home Selling Price: $678,981 ($634k, $577k, $604k, $607k) *$640k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 101%. 101%) *99% Median Single Family Home List Price (6 mo): $539,950 ($530k,$525k,$525k,$522k) *$500k Median Single Family Home Sold Price(6 mo):$541,429 (%530k, $526k, $527k,$525k)*$490k Average Days on Market Single Family Home: 45 (42, 45, 35, 40) *29 Condo Stats Active Condos: 114 (116, 121, 124, 113) *102 Average Condo Listing Price: $464,172 ($476k, $466k, $471k, $518k) *$455k Average Condo Selling Price: $466,922 ($478k, $461k, $476k, $514k) *$453k Condo Sale to List Ratio This Week: 101% (101%, 99%, 101%, 99%) *99% Median Condo List Price (6 mo): $429,000 ($434k, $438k, $435k, $439k) *$400k Median Condo Sold Price (6 mo): $429,000 ($429k, $429k, $429k, $430k) *$405k Average Days on Market Condos: 25 (25, 25, 23, 23) *21 Active Vacant Lots: 415 (396, 386, 392, 389) *380 Market Rant Now that's more like it! Things are heating up in Halifax, with listings starting to stream to the market, and hungry buyers gobbling up the new selections! First time all year we have seen an inventory addition of over 300 properties, and one of the biggest weeks for sales as well. The softening of sale price seems to have halted, as we have seen steady gains week over week since the begging of the year. Some weeks have had slight dips in their list/selling prices, however, values have continued to push higher each week, including the single family home six month median prices which has taken the largest increase. We haven't seen value gains this fast since the pandemic market, so the hope is that seasonal trend is lending a bit of a unique growth environment at the moment and we will see some cooling in the future. Other than the usual Spring blitz, many of the other statistics remain a bit sleepy, which will definitely change in the coming weeks as they are defined to be influenced by the current activity. Time will tell though, and I have you covered so be sure to stay tuned to the blog to stay informed! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! 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 contact me with questions or comments. 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. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 266 (227, 205, 205, 177) *217 Sold: 117 (120, 123, 121, 122) *109 Sale To Listing Ratio: 44% (53%, 60%, 60%, 69%) *50% Price Changes: 64 (64, 77, 87, 73) *53 Conditional Sale: 173 (120, 136, 136, 143) *128 Expired/Cancelled/Withdrawn: 56 (75, 30, 31, 23) *69 Total Active Halifax/Dartmouth Inventory: 1,338 (1,345, 1,316, 1,278, 1,260) *1,216 Absorption Rate: 11 (11, 11, 12, 13) *13 Single Family Home Stats Active Single Family Home: 668 (676, 649, 633, 622) *604 Average Single Family Home List Price: $628,545 ($569k, $600k, $606k, $583k) *$582k Average Single Family Home Selling Price: $634,426 ($577k, $604k, $607k, $589k) *$585k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%. 101%, 101%) *101% Median Single Family Home List Price (6 mo): $529,900 ($525k,$525k,$522k,$519k) *$490k Median Single Family Home Sold Price(6 mo):$530,000 ($526k, $527k,$525k, $520k)*$485k Average Days on Market Single Family Home: 42 (45, 35, 40, 38) *28 Condo Stats Active Condos: 116 (121, 124, 113, 115) *99 Average Condo Listing Price: $476,400 ($466k, $471k, $518k, $493k) *$492k Average Condo Selling Price: $477,580 ($461k, $476k, $514k, $488k) *$487k Condo Sale to List Ratio This Week: 101% (99%, 101%, 99%, 99%) *99% Median Condo List Price (6 mo): $433,875 ($438k, $435k, $439k, $434k) *$400k Median Condo Sold Price (6 mo): $429,000 ($429k, $429k, $430k, $426k) *$403k Average Days on Market Condos: 25 (25, 23, 23, 29, 9) *21 Active Vacant Lots: 396 (386, 392, 389, 385) *369 Market Rant Despite the biggest injection of new listings we have seen in a week so far this year, inventory overall took a small dip, with both single family homes and condo products taking reductions, while vacant land lots had a slight increase to their numbers. Interesting enough, there wasn't a ton of weekly sales to chip away at the inventory, but the culprit for the change is buyer activity, which reported the highest it has been this year so far as well! Not surprised that buyer activity is elevated this week, we finally have some decent weather and there are property options out there to look at as well! We are still seeing competitive situations for turn-key property, especially anything listed under $600k, but there does seem to be some padding in the $800k+ brackets. Prices reported high this week, which could come from the buyer demand, and six month median prices for single family homes jumped again this week, increasing 10k in a short 4 week timespan. Prices and demand are on the rise, but is this a seasonal trend issue which will cool in the coming weeks, or are buyers edging a bit more pressure to the market before things change and competition becomes more fierce? Time will tell and I have you covered, so be sure to stay tuned to the blog to stay informed! Thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! 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 contact me with questions or comments. 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. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 227 (205, 205, 177, 176) *260 Sold: 120 (123, 121, 122, 100) *128 Sale To Listing Ratio: 53% (60%, 60%, 69%, 57%) *49% Price Changes: 64 (77, 87, 73, 57) *58 Conditional Sale: 120 (136, 136, 143, 138) *154 Expired/Cancelled/Withdrawn: 75 (30, 31, 23, 67) *69 Total Active Halifax/Dartmouth Inventory: 1,345 (1,316, 1,278, 1,260, 1,251) *1,180 Absorption Rate: 11 (11, 12, 13, 14) *12 Single Family Home Stats Active Single Family Home: 676 (649, 633, 622, 618) *584 Average Single Family Home List Price: $568,489 ($600k, $606k, $583k, $573k) *$550k Average Single Family Home Selling Price: $576,459 ($604k, $607k, $589k, $576k) *$553k Single Family Home Sale to List Ratio This Week: 101% (101%. 101%, 101%, 101%) *101% Median Single Family Home List Price (6 mo): $524,900 ($525k,$522k,$519k,$500k) *$490k Median Single Family Home Sold Price(6 mo):$526,250 ($527k,$525k, $520k, $520k)*$484k Average Days on Market Single Family Home: 45 (35, 40, 38, 46) *24 Condo Stats Active Condos: 121 (124, 113, 115, 104) *92 Average Condo Listing Price: $465,656 ($471k, $518k, $493k, $369k) *$425k Average Condo Selling Price: $461,417 ($476k, $514k, $488k, $372k) *$427k Condo Sale to List Ratio This Week: 99% (101%, 99%, 99%, 101%) *101% Median Condo List Price (6 mo): $437,500 ($435k, $439k, $434k, $438k) *$400k Median Condo Sold Price (6 mo): $429,000 ($429k, $430k, $426k, $428k) *$403k Average Days on Market Condos: 25 (23, 23, 29, 9, 36) *32 Active Vacant Lots: 386 (392, 389, 385, 384) *370 Market Rant Despite the Easter long weekend, activity reported surprisingly well. New listings reported the highest we have seen so far this year, but overall, we fell short against last year at this time. Buyer activity slumped a bit this week as well compared to March, but with more and more property candidates hitting the market, no doubt this will pick up shortly! Values in both tracked products cooled this week, which seems to be the battle week to week as the playing field continues to level out, so it's a mixed bag at the moment. The annual trend is that the Spring market will always have what seems to be a lot of options, but it is also met with a balanced (or more) demand for products as relocations are in full swing, as well as other folks who need to move for various other reasons. Most like to be settled before Summer hits so they can enjoy it, so the push to be in their new residence really becomes the main focus during the Spring months. As these buyers purchase property and the demand wains, the market cools and we see activity start to slow, usually around Summer. Good news for buyers who are perhaps looking to get into the market, and who don't; want to compete as intensely, but the market is anything but predictable these days so you never know what will happen. Stay tuned to stay on top of the market, and thanks for stopping by! The Weekly "Adogtable"This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Nova Scotia. More info about him and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital If you have a suggestion to be added to the support list, do not hesitate to contact me! LET ME HELP YOU OUT! 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 contact me with questions or comments. 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. Don't forget to bookmark my page, and visit often! VIEWPOINT REALTY
Are you familiar with ViewPoint Realty? How about the ViewPoint Realty interactive real estate map? It's a powerful tool for all your property research needs and when you are ready to buy or sell, its the competitive edge over your competition! Not to mention, it's now more rewarding then ever to become a ViewPoint client, just click HERE to find out more. More savings and more information, sign up today! Or, click HERE to go right to the map and get property shopping! Looking for a little extra help finding that "needle in a haystack"? The innovators at my brokerage, ViewPoint Realty, have introduced another forward-thinking information tool for your property search needs. Its called "neighbourhoods" and it will break down some stats and give you a more focused tool on the area(s) you are looking for. We also offer mortgage and insurance solutions too! Check it out at viewpoint.ca and get more info now! Just another way Viewpoint Realty is advancing the property buying and selling process. Newest Blog post HERE |
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
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