Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 256 (220, 200, 264, 258) *174 Sold: 147 (123, 138, 139, 135) *116 Sale To Listing Ratio: 57% (56%, 69%, 61%, 61%) *67% Price Changes: 137 (110, 115, 112, 112) *97 Conditional Sale: 165 (137, 169, 188, 189) *145 Expired/Cancelled/Withdrawn: 48 (83, 70, 40, 41) *46 Total Active Halifax/Dartmouth Inventory: 1,811 (1,758, 1,747, 1,751, 1,738) *1,347 Absorption Rate: 13 (13, 12, 12, 12) *10 Single Family Home Stats Active Single Family Home: 896 (885, 875, 881, 870) *656 Average Single Family Home List Price: $593,252 ($623k, $630k, $592k, $602k) *$601k Average Single Family Home Selling Price: $597,001 ($626k, $627k, $590k, $603k) *$607k Single Family Home Sale to List Ratio This Week: 101% (101%, 99%, 99%, 101%) *101% Median Single Family Home List Price (6 mo): $568,500 ($569k,$569k,$576k,$565k) *$535k Median Single Family Home Sold Price(6 mo):$569,561 ($570k,$570k,$568k,$568k)*$545k Average Days on Market Single Family Home: 29 (26, 32, 30, 31) *27 Condo Stats Active Condos: 141 (126, 124, 133, 130) *111 Average Condo Listing Price: $465,745 ($400k, $451k, $497k, $537k) *$466k Average Condo Selling Price: $457,727 ($404k, $456k, $492k, 531k) *$466k Condo Sale to List Ratio This Week: 98% (101%, 101%, 99%, 98%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $440k) *$425k Median Condo Sold Price (6 mo): $439,700 ($440k, $440k, $440k, $440k) *$425k Average Days on Market Condos: 27 (27, 25, 45, 40) *22 Active Vacant Lots: 525 (510, 521, 515, 512) *419 Market Rant The Halifax real estate market is like a lively dance party, where everyone is finding their rhythm! With more homes hitting the market and buyers still eager to join the dance floor, it’s clear that this market knows how to keep the beat going. The steady rise in listings means there’s more variety for buyers to choose from, like a buffet of options, whether you're looking for that perfect single-family home or a cozy condo. Single-family homes are still the star performers, drawing in the crowd with their solid sale-to-list ratios and steady prices. Sure, they might be taking a little longer to get snapped up, but that just means buyers are enjoying the groove, taking their time to find the perfect fit. Meanwhile, the condo market is holding its own, offering up a steady beat of activity. Even with a few dips in price strength, condos are still moving quickly, proving they’re a popular choice for those looking to join the Halifax housing dance. And let’s not forget the vacant lots, which are becoming the new hotspot on the scene. Whether they’re being eyed for future developments or as long-term investments, these plots of land are adding an exciting new layer to the real estate mix, making the market even more dynamic. All in all, the Halifax real estate market is buzzing with energy, offering something for everyone. Buyers and sellers alike are finding their groove, and as the market continues to evolve, it promises to keep the party going with plenty of opportunities and excitement on the horizon. So, whether you’re looking to buy, sell, or invest, now’s the time to hit the floor and see what this vibrant market has to offer! 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 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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