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Halifax (HRM) Residential Statistic Update for the Week of June 7th - 14th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 348 (378, 350, 336, 420) *343 Sold: 182 (218, 194, 195, 202) *200 Sale To Listing Ratio: 52% (58%, 55%, 58%, 48%) *58% Price Changes: 230 (246, 264, 165, 215) *228 Listings that went conditional/pending: 220 (198, 247, 195, 237) *245 Expired/Cancelled/Withdrawn: 90 (173, 81, 90, 69) *132 Total Active Halifax/Dartmouth Inventory: 4,273 (4,249, 4,235, 4,229, 4,193) +4,909 Absorption Rate in weeks: 22 (21, 22, 23, 23) *26 Single Family Home Stats Active Single Family Home: 2,476 (2,478, 2,472, 2,480, 2,426) *3,024 Average Single Family Home List Price: $353,249 ($333k,$339k,$322k,$356k) *$291k Average Single Family Home Selling Price: $342,776($325k,$333k,$313k,$341k) *$283k Single Family Home Sale to List Ratio This Week: 97% (98%, 98%, 97%, 95%) *97% Median Single Family Home List Price (6 mo): $290,000 ($289k,$286k,$285k,$285k)*$280k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$280k)*$270k Average Days on Market Single Family Home: 52 (50,53, 50, 62) *75 Condo Stats Active Condos: 431 (422, 415, 408, 410) *482 Average Condo Listing Price: $273,103 ($321k, $307k, $285k, $254k) *$285k Average Condo Selling Price: $264,253 ($310k, $297k, $279k, $247k) *$276k Condo Sale to List Ratio This Week: 97% (97%, 97%, 98%, 97%) 97% Median Condo List Price (6 mo): $237,500 ($238k, $238k, $236k, $236k) *$230k Median Condo Sold Price (6 mo): $225,500 ($226k, $227k, $225k, $225k) *$220k Average Days on Market Condos: 88 (60, 59, 88, 95) *84 Active Vacant Lots: 984 (978, 975, 983, 1,000) *1,153 Market Rant We knew it couldn't last forever! Talking about the week over week absorption rate reduction. It was bound to happen, even in the sizzling market that Halifax is currently enjoying, things have a tendency of mixing it up. This is the first week in the last month or so that has seen this stat add back to the clock, and even so, we are still a full four weeks less than this time last year. Pretty impressive. New listing additions reported averagely this week, with sales reporting at a low average rate as well. Values surged this week for single family home products, where the condo market cooled off a bit. Condo sales stats are up a bit though, and their six month median average has been slowly increased for weeks now. Overall, it's still a really great picture of performance for our real estate market here in Halifax, and as we approach the first half of the market year things continue to improve. Stay tuned to find out how the market did for the first half in the coming weeks! Thanks for stopping by!  The Weekly Adogtable! Meet Makita. She was DNA tested and breeds shown were poodle, eskimo dog, beagle and small percentage of staffie. Spay, microchipped and up to date on vaccines. On parasite protection. Quiet Dog friendly but plays rough Playful w/ toys. Pulls on leash, but still remains polite. Knows basic commands. Not recommended w/ cats, she seems a bit too interested. Good with kids. Makita is a very friendly gal. This "cuddly companion" is available through Good Bones Dog Rescue, a non profit rescue organization from Halifax, 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 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.. 
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