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Halifax (HRM) Residential Statistic Update for the Week of November 15th - 23rd, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 167 (202, 268, 233, 225) *200 Sold: 104 (99, 111, 121, 117) *115 Sale To Listing Ratio: 62% (49%, 41%, 50%, 52%) *56% Price Changes: 113 (101, 126, 165, 118) *114 Listings that went conditional/pending: 128 (134, 147, 140, 128) *133 Expired/Cancelled/Withdrawn: 96 (100, 203, 281, 101) *138 Total Active Halifax/Dartmouth Inventory: 3,645 (3,704, 3,732, 3,731, 3,884) +4,102 Absorption Rate in weeks: 34 (33, 31, 31, 31) *33 Single Family Home Stats Active Single Family Home: 1,990 (2,042, 2,078, 2,089, 2,181) *2,307 Average Single Family Home List Price: $319,781 ($329k,$336k,$292k,$305k) *$347k Average Single Family Home Selling Price: $310,093 ($320k,$321k,$281k,$295k) *$331k Single Family Home Sale to List Ratio This Week: 97% (97%, 96%, 96%, 97%) *95% Median Single Family Home List Price (6 mo): $284,950 ($289k,$289k,$289k,$290k)*$279k Median Single Family Home Sold Price (6 mo):$280,000 ($280k,$280k,$280k,$282k)*$270k Average Days on Market Single Family Home: 85 (101, 115, 63, 49) *77 Condo Stats Active Condos: 338 (312, 318, 313, 315, 317) *393 Average Condo Listing Price: $220,628 ($286k, $253k, $287k, $262k) *$226k Average Condo Selling Price: $216,466 ($281k, $246k, $277k, $253k) *$217k Condo Sale to List Ratio This Week: 98% (98%, 97%, 96%, 96%) 96% Median Condo List Price (6 mo): $231,250 ($235k, $233k, $230k, $230k) *$246k Median Condo Sold Price (6 mo): $225,000 ($225k, $225k, $224k, $221k) *$239k Average Days on Market Condos: 57 (51, 87, 155, 101) *144 Active Vacant Lots: 1,034 (1,031, 1,023, 1,027, 1,064) *1,002 Market Rant Yet another ho-hum week on the market. Listings are still trickling in, although, reported much lower than annual averages, and most other stats also quite par for the time of year. One of the call outs of the week is the absorption rate. While most of the year leaned favour in the 2018 market year direction, this week actually reported higher than last year at this time. I fell like it has been a long time coming though. Since the almost full-stop of activity that happened in September, the market has had its weeks of surging activity since then, but was also followed by a complete fall off the next. It's certainly been a hot and cold, back and forth Fall market, except of course those areas of the region that are still enjoying a sellers market. A few more months of this continued activity, and that environment is sure to change. Thanks for stopping by! The Weekly Adogtable! Meet Loly! Loly is a female aged 6 years old with medium energy. She is spayed, microchipped , vaccinated and on parasite prevention. Loving temperament and thinks she is a lap dog. Pet free clicker and positive reinforcement trained. No pets or kids for Loly as she is anxious. Can be head strong but we figured out she will work for her food. This "cuddly companion" is available through Homeward Bound City Pound, a non profit rescue organization from Halifax, 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 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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