(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 78 (164, 195, 163, 191) *135 Sold: 97 (119, 110, 126, 122) *92 Sale To Listing Ratio: 124% (73%, 56%, 77%, 64%) *68% Price Changes: 43 (52, 69, 105, 105) *63 Conditional Sale: 76 (112, 115, 151, 151) *107 Expired/Cancelled/Withdrawn: 78 (64, 163, 70, 70) *99 Total Active Halifax/Dartmouth Inventory: 1,492 (1,538, 1,563, 1,625, 1,660) *1,441 Absorption Rate: 13 (13, 13, 14, 15) *14 Single Family Home Stats Active Single Family Home: 703 (728, 752, 761, 799) *745 Average Single Family Home List Price: $558,384 ($630k, $596k, $574k, $623k) *$587k Average Single Family Home Selling Price: $558,795 ($623k, $587k, $573k, $610k) *$589k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99%, 98%) *101% Median Single Family Home List Price (6 mo): $549,900 ($550k,$550k,$560k,$560k) *$519k Median Single Family Home Sold Price(6 mo):$555,100 ($558k,$558k,$560k,$560k)*$530k Average Days on Market Single Family Home: 38 (46, 38, 36, 43) *32 Condo Stats Active Condos: 137 (149, 149, 151, 153) *124 Average Condo Listing Price: $439,025 ($486k, $464k, $499k, $470k) *$393k Average Condo Selling Price: $429,000 ($478k, $462k, $493k, $462k) *$384k Condo Sale to List Ratio This Week: 98% (98%, 99%, 99%, 99%) *97% Median Condo List Price (6 mo): $447,450 ($449k, $449k, $450k, $450k) *$430k Median Condo Sold Price (6 mo): $450,000 ($450k, $450k, $449k, $450k) *$438k Average Days on Market Condos: 50 (46, 35, 41, 18) *33 Active Vacant Lots: 442 (452, 455, 490, 485) *406 Market Rant The market here in Halifax is ringing in the holiday spirit with some intriguing trends this week! As the festive season ramps up, new and back-to-market listings have taken a sleigh ride downhill, reflecting a typical seasonal slowdown. Meanwhile, sold properties are holding steady, and the impressive sale-to-listing ratio of 124% is a clear sign that buyers are wrapping up last minute deals faster than presents under the tree. For single-family homes, the market has seen a modest cool-down in active listings, with prices settling into a more approachable range—a little gift for buyers. Homes are still selling at nearly full list price, showing that sellers have been on the nice list this year. The average days on market has held steady, giving just enough time for buyers to decide on their perfect home before the holidays. The condo market has also unwrapped some interesting trends. Inventory is slimming down, and both listing and selling prices have taken a festive dip. Condos are taking a bit longer to find their perfect match, with days on market stretching out to 50. Overall, the market is embracing the holiday slowdown, with buyers and sellers alike taking a moment to enjoy the festive cheer. Whether you're buying, selling, or just window shopping, it’s a season to reflect, plan, and dream about what the New Year might bring. Thanks for stopping by! Merry Christmas and Happy New Year!I just wanted to wish all my clients (past, present and future), friends, family and readers of the blog a very Merry Christmas and Happy New Year! The weekly market rant is signing off for the rest of the year, and will return in 2025 with the 2024 market year summary! Be sure to stop by, you will not want to miss it! 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.
|
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
Archives
January 2025
Categories
All
|