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Halifax (HRM) Residential Statistic Update for the Week of May 17th - May 24th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 336 (420, 379, 376, 350) *416 Sold: 195 (202, 186, 169, 185) *178 Sale To Listing Ratio: 58% (48%, 49%, 45%, 53%) *43% Price Changes: 165 (215, 204, 204, 202) *191 Listings that went conditional/pending: 195 (237, 191, 189, 246) *213 Expired/Cancelled/Withdrawn: 90 (69, 82, 87, 87) *64 Total Active Halifax/Dartmouth Inventory: 4,229 (4,193, 4,088, 3,989, 4,034) +4,947 Absorption Rate in weeks: 23 (23, 23, 23, 25) *26 Single Family Home Stats Active Single Family Home: 2,480 (2,426, 2,364, 2,309, 2,311) *3,026 Average Single Family Home List Price: $321,585 ($356k,$348k,$340k,$366k) *$324k Average Single Family Home Selling Price: $312,723 ($341k,$341k,$330k,$256k) *$315k Single Family Home Sale to List Ratio This Week: 97% (95%, 98%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $284,900 ($285k,$286k,$285k,$283k)*$279k Median Single Family Home Sold Price (6 mo):$279,800 ($280k,$280k,$278k,$276k)*$270k Average Days on Market Single Family Home: 50 (62, 59, 64, 71) *70 Condo Stats Active Condos: 408 (410, 383, 379, 384) *505 Average Condo Listing Price: $284,889 ($254k, $265k, $225k, $226k) *$261k Average Condo Selling Price: $278,480 ($247k, $255k, $217k, $219k) *$249k Condo Sale to List Ratio This Week: 98% (97%, 97%, 97%, 97%) 96% Median Condo List Price (6 mo): $235,900 ($236k, $235k, $235k, $237k) *$230k Median Condo Sold Price (6 mo): $224,500 ($225k, $225k, $225k, $227k) *$220k Average Days on Market Condos: 88 (95, 41, 54, 59) *151 Active Vacant Lots: 983 (1,000, 993, 966, 988) *1,158 Market Rant Interesting times indeed! An unusually low amount of inventory hit the market this week, which was met with a slightly above average sale count, sending the sales to list ratio soaring. Another lower than average showing this week was price changes, which could be a signal of value stabilization for some currently active products. Still positive buyer activity this week, but the number of accepted offers was down slightly from the last month or so, and from this time last year. Single family home values are down this week, but their average time on market too a significant reduction for the products that sold this week. Overall inventory is creeping up on last years stats, mainly because single family home inventory was up this week, but no help was given by vacant land and condo products, as they both had slight reductions. In the heart of it now, and activity has definitely increased from the surprisingly lazy April. It will be interesting to see how the Spring market ends up reporting overall, given all these mixed reports, so you will have to stay tuned to find out! Thanks for stopping by! The Weekly Adogtable! Meet Buffy! 12 months old Breed: boxer x Spay female Utd on vaccines Revolution Dog friendly No cats Reacts to cyclist Shy with strangers at first. she very playful with other dogs but can be fearful of (men especially) but she's perfect when she trust people. She just need patience and very positive humans. 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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