(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 185 (205, 256, 220, 200) *225 Sold: 112 (148, 147, 123, 138) *91 Sale To Listing Ratio: 61% (72%, 57%, 56%, 69%) *40% Price Changes: 101 (102, 137, 110, 115) *80 Conditional Sale: 119 (177, 165, 137, 169) *124 Expired/Cancelled/Withdrawn: 98 (45, 48, 83, 70) *79 Total Active Halifax/Dartmouth Inventory: 1,761 (1,772, 1,811, 1,758, 1,747) *1,407 Absorption Rate: 13 (13, 13, 13, 12) Single Family Home Stats Active Single Family Home: 890 (871, 896, 885, 875) *707 Average Single Family Home List Price: $601,288 ($590k, $593k, $623k, $630k) *$584k Average Single Family Home Selling Price: $597,862 ($586k, $597k, $626k, $627k) *$578k Single Family Home Sale to List Ratio This Week: 99% (99%, 101%, 101%, 99%) *99% Median Single Family Home List Price (6 mo): $564,900 ($565k,$569k,$569k,$569k) *$500k Median Single Family Home Sold Price(6 mo):$567,700 ($568k,$570k,$570k,$570k)*$520k Average Days on Market Single Family Home: 28 (36, 29, 26, 32) *50 Condo Stats Active Condos: 138 (138, 141, 126, 124) *110 Average Condo Listing Price: $468,150 ($492k, $466k, $400k, $451k) *$388k Average Condo Selling Price: $459,764 ($497k, $458k, $404k, $456k) *$390k Condo Sale to List Ratio This Week: 98% (101%, 98%, 101%, 101%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $440k, $440k) *$415k Median Condo Sold Price (6 mo): $440,000 ($440k, $440k, $440k, $440k) *$415k Average Days on Market Condos: 15 (19, 27, 27, 25) *26 Active Vacant Lots: 513 (527, 525, 510, 521) *417 Market Rant Another piece of good news arrived for buyers, and homeowners in general with the Bank of Canada delivering it's third consecutive rate cut! This one was a policy rate adjustment of 25 basis points, which brings it to 4.25%. More can be found out here: The Halifax real estate market continues to offer a mixed bag of trends, like a dynamic jigsaw puzzle with ever-shifting pieces. The decrease in new listings and sold properties hints at a slight cooling in market activity, but the sale-to-listing ratio still shows that properties are moving relatively well, and sellers are mostly hitting the mark with pricing. Single-family homes are maintaining stable pricing and seeing faster sales, indicating steady demand despite more choices for buyers. On the other hand, the condo market is holding its ground, with quick turnaround times and slight price adjustments showing a resilient demand in this segment. With vacant lot numbers slightly down, it seems like the land market is taking a breather as developers and buyers weigh their options. Overall, while there may be a bit of caution in the air, the Halifax real estate market is still full of opportunities for those looking to buy, sell, or invest. As always, staying informed and keeping an eye on the latest trends will help you navigate this evolving landscape and find the best opportunities for your real estate goals! 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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