Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 200 (199, 239, 226, 242) *229 Sold: 134 (127, 148, 148, 128) *147 Sale To Listing Ratio: 67% (64, 66%, 66%, 53%) *64% Price Changes: 106 (87, 87, 76, 92) *99 Listings that went conditional/pending: 146 (132, 177, 154, 193) *171 Expired/Cancelled/Withdrawn: 53 (38, 101, 47, 37) *39 Total Active Halifax/Dartmouth Inventory: 1,369 (1,383, 1,365, 1,400, 1,401) *1,304 Absorption Rate in weeks: 10 (10, 10, 10, 10) *9 Single Family Home Stats Active Single Family Home: 675 (678, 662, 677, 677) *645 Average Single Family Home List Price: $610,737 ($624k,$523k,$605k,$641k) *$497k Average Single Family Home Selling Price: $616,353 ($614k,$534k,$603k,$653k) *$505k Single Family Home Sale to List Ratio This Week: 101% (98%, 102%, 99%, 102%) *102% Median Single Family Home List Price (6 mo):$534,999 ($530k,$530k,$535k,$530k) *$460k Median Single Family Home Sold Price(6 mo):$545,000 ($543k,$542k,$544k,$541k)*$531k Average Days on Market Single Family Home: 29 (34, 22, 27, 30) *16 Condo Stats Active Condos: 109 (106, 113, 113, 113) *100 Average Condo Listing Price: $468,000 ($438k, $511k, $414k, $441k) *$359k Average Condo Selling Price: $472,521 ($447k, $517k, $423k, $441k) *$360k Condo Sale to List Ratio This Week: 101% (102%, 101%, 102%, 101%) *100% Median Condo List Price (6 mo): $424,900 ($425k, $420k, $420k, $425k) *$389k Median Condo Sold Price (6 mo): $425,000 ($425k, $425k, $422k, $424k) *$438k Average Days on Market Condos: 25 (11, 29, 29, 31) *24 Active Vacant Lots: 421 (423, 420, 434, 434) *380 Market Rant Another ho-hum week this week as the Summer just keeps on flying by! A lot of similar stat reports compared to last week, with some every so small changes. Notably, there were several more price reductions reported, a small bump in accepted offers, a sight reduction in the overall inventory levels, and the single family home six month values increased again for the first time in over a month. Does that mean prices are back on the rise? Well, you have to keep in mind that the six month averages are just like a cruise ship, and it takes a long time to correct the course to today with that much data. If I had to guess, I would say that the drawdown of activity has caused the overall value to reduce in value, and will likely continue in turn until the years end. Most other stats remained stable this week, and will likely continue to see slight reductions in most tracked stats until the years end. You never know though, so be sure to stay tuned to the blog to stay informed and on top of the market here in Halifax! 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?
With the devastation of the fires and floods, we are still far from a full recovery and many animals and people could use help! I want to provide 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 The Municipality also recommends people give to the United Way Halifax’s Wildfire Recovery Appeal as a way to help support communities impacted by the fires. To help out, people can make a financial contribution on the United Way’s website. According to HRM, those funds will help people rebuild in the days to come with basic needs, groceries, connection and mental supports. 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 Comments are closed.
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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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