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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 155 (143, 143, 129, 139) *135 Sold: 96 (78, 64, 60, 49) *118 Sale To Listing Ratio: 62% (55%, 45%, 47%, 35%) *87% Price Changes: 39 (50, 37, 42, 59) *15 Listings that went conditional/pending: 129 (118, 85, 114, 65) *121 Expired/Cancelled/Withdrawn: 52 (81, 46, 42, 50) *41 Total Active Halifax/Dartmouth Inventory: 974 (984, 1,015, 1,016, 1,040) *520 Absorption Rate in weeks: 13 Single Family Home Stats Active Single Family Home: 462 (462, 472, 462, 483) *157 Average Single Family Home List Price: $613,849 ($538k, $549k, $579k, $525k) *$494k Average Single Family Home Selling Price: $608,459 ($522k, $537k, $555k, $515k) *$582k Single Family Home Sale to List Ratio This Week: 99% (97%, 98%, 96%, 98%) *118% Median Single Family Home List Price (6 mo):$465,000 ($463k,$468k,$460k,$460k) *$400k Median Single Family Home Sold Price(6 mo):$465,000 ($460k,$465k,$460k,$461k)*$450k Average Days on Market Single Family Home: 35 (31, 52, 44, 41) *21 Condo Stats Active Condos: 66 (67, 66, 67, 71) *25 Average Condo Listing Price: $536,216 ($523k, $387k, $555k, $525k) *$480k Average Condo Selling Price: $530,944 ($515k, $390k, $451k, $510k) *$530k Condo Sale to List Ratio This Week: 99% (98%, 101%, 81%, 97%) *111% Median Condo List Price (6 mo): $395,450 ($399k, $395k, $396k, $395k) *$350k Median Condo Sold Price (6 mo): $393,000 ($391k, $390k, $390k, $390k) *$361k Average Days on Market Condos: 38 (55, 15, 39, 53) *11 Active Vacant Lots: 347 (335, 374, 383, 381) *241 Market Rant With the first week of February in the books, it looks as though we are picking up a bit of early Spring momentum. The end of January really pushed activity in a direction that most we not expecting, seeing a pocket version of the pandemic market return in some areas and price points. Just when everyone was ready to wave goodbye to the crazy bidding wars and limited supply, the early year market has duplicated the conditions that the pandemic market created. That being said, we are not seeing overbid amounts even close to what they were, and there has even been several multiple offers situations that resulted in a lower bid winning. The reality is this time of year historically lacks inventory, so with buyers returning to the market, there could still be some residual behaviours established during the pandemic market. No doubt local buyers are excited to get back into the market, knowing there is a chance to lock up a property at a price that doesn't mean kicking in another 100k to get it. As prices fall, we are seeing the return of a whole sector of buyers who were simply priced out of the market, which has created a similar pandemic market feel in the newly established price point in most areas of the city. If you kick up to 600k-700k, you are starting to see some options out there, and ones that stick around without the needed correction. As demand is satisfied for the entry level market sector, the correction should continue, even if just slightly. There is a theory that we are there now, but given the uniqueness of the market timing, it should take a full Spring cycle to shake out the changes. Good news is that I have you covered, so be sure to stay tuned to the blog to stay informed! Thanks for stopping by! The Weekly "Adogtable" I’m Duke. I am a 2 year old, terrier mix boy weighing in at about 10lbs. I came from Texas a couple weeks ago and I'm ready to find my furever family. I am a higher energy pup who really loves to play. I love to play with other dogs big or small. I love to chew on toys and love to chase balls. I am doing well with the children in my home but I do bark at their friends when they come over. I sometimes like to jump up and nibble gently on your fingers and toes, but my foster mom has been working with me to curve this habit and I am doing much better! I may be suitable for older children because of this. I am still unsure of new people and take a bit of time to warm up but once I do, give me a quick neck scratch and I am putty in your arms. Because of my high energy, an active household would be ideal. Someone who can help wear me out by taking me on long walks, or even a run once I learn better leash skills. I don’t have great recall so a leash is a must until I master this. When I have too much energy, I tend to get a bit mischievous and start chewing on things I shouldn’t. I love to go on long walks, and love to say hello to everyone who goes by. I do okay in the car as well. When I first arrived, I didn’t like to go potty outside, but in my short time here, I am almost completely housebroken! A little patience and consistency and I'll be a pro in no time. I have met a cat, I barked at her, but quickly left her alone to play. I can't waste my time with that foolishness when there’s so many toys waiting for me to play with them. I don’t know any commands yet, but I love treats – Maybe you could teach me! I have been left home a few times, I do like to bark a bit but settle eventually. If any food is left out while you are gone, I will find it, even up high. At bedtime, I like to snuggle up behind my foster mom’s legs in the big people bed. My dream home would have a fur sibling that will play all day with me, someone to take me on long walks and someone who doesn't mind me snuggling up to them at night. Is that you? My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, and come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, a non profit rescue organization from 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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