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Halifax (HRM) Residential Statistic Update for the Week of May 10th - May 17th, 2018 (Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 420 (379, 376, 350, 338) *400 Sold: 202 (186, 169, 185, 169) *213 Sale To Listing Ratio: 48% (49%, 45%, 53%, 50%) *53% Price Changes: 215 (204, 204, 202, 166) *209 Listings that went conditional/pending: 237 (191, 189, 246, 184) *203 Expired/Cancelled/Withdrawn: 69 (82, 87, 87, 78) *99 Total Active Halifax/Dartmouth Inventory: 4,193 (4,088, 3,989, 4,034, 4,027) +4,860 Absorption Rate in weeks: 23 (23, 23, 25, 29) *26 Single Family Home Stats Active Single Family Home: 2,426 (2,364, 2,309, 2,311, 2,323) *2,971 Average Single Family Home List Price: $356,325 ($348k,$340k,$366k,$356k) *$339k Average Single Family Home Selling Price: $340,586 ($341k,$330k,$256k,$345k) *$329k Single Family Home Sale to List Ratio This Week: 96% (98%, 97%, 97%, 97%) *97% Median Single Family Home List Price (6 mo): $284,900 ($286k,$285k,$283k,$280k)*$275k Median Single Family Home Sold Price (6 mo):$279,850 ($280k,$278k,$276k,$275k)*$269k Average Days on Market Single Family Home: 62 (59, 64, 71, 59) *65 Condo Stats Active Condos: 410 (383, 379, 384, 378) *504 Average Condo Listing Price: $253,590 ($265k, $225k, $226k, $235k) *$252k Average Condo Selling Price: $247,061 ($255k, $217k, $219k, $226k) *$243k Condo Sale to List Ratio This Week: 97% (97%, 97%, 97%, 96%) 96% Median Condo List Price (6 mo): $235,900 ($235k, $235k, $237k, $239k) *$228k Median Condo Sold Price (6 mo): $224,500 ($225k, $225k, $227k, $233k) *$216k Average Days on Market Condos: 95 (41, 54, 59, 77) *98 Active Vacant Lots: 1,000 (993, 966, 988, 977) *1,128 Market Rant Spring market is certainly in swing! One of the largest listing deposits of the year this week, which has been increasing week over week up to this point. Lots of other serious activity going on at the moment as well, and some that doesn't seem to match up with the current state of affairs. Spring market brings higher than average product addition, sales, and lots of offers, which is all signs of a healthy market. The expectation is that you wouldn't expect to see bulk price reductions or increased days on market, but despite the activity, these particular stats remain tepid at best. Still, values remain steady, absorption rate solid, and overall, the market is buzzing. Last few weeks have been a bit quiet, but this week things have been kicked into high gear! That is the ebb and flow of the market it seems. If this week is an indicator of things to come, then the futures looks bright! Thanks for stopping by! The Weekly Adogtable! Meet Vinny! Needs a neuter and microchip by the rescue. Received first vaccinations, rabies + Bordetella Dewormed. Good with touching all over. Energetic, fine with dogs through kennel but being a high energy unaltered male he may upset some dogs. Lived with cat(s). Showing signs of food aggression with people. Friendly with everyone he meets. Okay on leash. Knows sit. No known medical condition or physical limitations. House and crate trained and can hold himself during the day for 3+ hours. Chews when alone and uncrated so chew toys, Kong suggested. Very friendly with newcomers and will jump up. 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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