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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 156 (155, 143, 143, 129) *208 Sold: 88 (96, 78, 64, 60) *131 Sale To Listing Ratio: 56% (62%, 55%, 45%, 47%) *63% Price Changes: 46 (39, 50, 37, 42) *14 Listings that went conditional/pending: 117 (129, 118, 85, 114) *137 Expired/Cancelled/Withdrawn: 30 (52, 81, 46, 42) *28 Total Active Halifax/Dartmouth Inventory: 989 (974, 984, 1,015, 1,016) *555 Absorption Rate in weeks: 12 (13) *5 Single Family Home Stats Active Single Family Home: 461 (462, 462, 472, 462) *174 Average Single Family Home List Price: $565,092 ($614k,$538k, $549k, $579k) *$507k Average Single Family Home Selling Price: $565,119 ($609k,$522k, $537k, $555k) *$597k Single Family Home Sale to List Ratio This Week: 100% (99%, 97%, 98%, 96%) *118% Median Single Family Home List Price (6 mo):$469,900 ($465k,$463k,$468k,$460k) *$400k Median Single Family Home Sold Price(6 mo):$465,000 ($465k,$460k,$465k,$460k)*$455k Average Days on Market Single Family Home: 37 (35, 31, 52, 44) *21 Condo Stats Active Condos: 64 (66, 67, 66, 67) *39 Average Condo Listing Price: $488,099 ($536k, $523k, $387k, $555k) *$452k Average Condo Selling Price: $486,780 ($531k, $515k, $390k, $451k) *$529k Condo Sale to List Ratio This Week: 99% (99%, 98%, 101%, 81%) *117% Median Condo List Price (6 mo): $399,900 ($396k, $399k, $395k, $396k) *$350k Median Condo Sold Price (6 mo): $395,000 ($393k, $391k, $390k, $390k) *$371k Average Days on Market Condos: 19 (38m 55, 15, 39) *6 Active Vacant Lots: 358 (347, 335, 374, 383) *233 Market Rant Midway through February and we are still getting mixed signals from the market here. All signs should be pointing to a slow down and relaxed activity, but seems that we find ourselves in an oddly busy time of year. Not quite pandemic market, but surprisingly active for this time of year. Compared to this time last year however, things do look rather lacklustre. Selling prices for both tracked products reported much higher, inventory almost half of what it is today, minimal price changes, over twice the absorption rate and buyer activity overall was just that much more, even with the limited inventory. Median prices for both tracked products are holding steady so far this year, basically continuing their move to balancing the overbid amounts. Listing prices remain somewhat in line with selling prices this time last year, but the margin of selling prices has narrowed back to the regular Halifax market expectation. Perhaps it is this consistency, and the comfort of knowing that there is a chance to lock up a property without having to battle against ten other groups is prompting buyers to return, or dropping prices that are tapping into an all but forgotten group of buyers. With selling prices being baked into the overall averages, acceptance of what property value has become is also another factor for buyers to engage. Sure, it's a bitter pill to swallow, but at least there is comfort in knowing that prices are not bound to significantly adjust much lower. That is the expectation anyways, so it will be important to keep an eye on the details as they add up! I have you covered, so be sure to stay informed by staying tuned to the Halifax Real Estate Blog! Thanks for stopping by! The Weekly "Adogtable" I'm Malfoyt. I am a 4 yr old, 16lb, chi mix fella. I was found as a stray on the streets of Texas and came here to NS to start the search for a forever family. On average, it takes 100 shares and 100 likes for a dog to find a home! Please share my story so my forever family will find me! I love to be warm and will bury into a pile of blankets or into a warm bed with you. You will barely notice me at night as I won't ask to go outside until the morning. It takes me awhile to be comfortable with someone new. I'll need a few introductions and to smell your hand before my anxiety stops making me bark and growl at you the first few times we meet or after you've been away for awhile. You can pet me, pick me up, and even play with my toes once we're good. Though I'll growl and snap when you cut my nails, practice will make perfect. My foster mum wrapped me in a blanket to cut them and although I wasn't happy about it, I quickly forgave her. I'm a lover not a fighter. I can get snappy when putting on my harness so maybe it's best you just leave my harness on until we get to know each other better. I am learning that some of things I don't like are to help me and becoming more confident with them. I pay little attention to dogs, cats, rabbits, guinea pigs, or cyclists. I will bark at unexpected noises or a new person who comes into my space though. I'm great on walks as I won't bark or growl at anything. I don't pull, in fact I may fall behind as I tire but I'm sure eventually I will build up more until endurance for longer walks. Once we get to know each other better, I love to be with you and enjoy quietly riding in the back seat of your car or snuggling in your lap for belly rubs. I'll only eat my kibble with a spoonful of yogurt or wet dog food as well as liver treats and tiny bits of cheese. My rescuers think this might be due to dental issues so I'm heading to the vet soon to get that checked out. My rescuers say not to worry, they'll get my teeth all fixed up if needed. I am very gentle taking treats. Careful when I lick the wooden spoon because I might need to chew out all the flavor. I am learning to play and love tug of war. Be careful though because I can get over excited. I am not ready to play with young children because I can be very rambunctious even with my little size. I will chase a ball but haven't learned to bring it back. Sometimes things startle me and I'll bark and growl such as an unexpected pat on my bottom, a raised hand (while gesturing), or a stick. I have stopped marking inside as I've started feeling more secure. I need monitoring and patience though as I learn to poop outside. Many things are new to me like jumping into cars or pushing bedroom doors open. I look forward to learning new things and making memories with my forever family. Are you that family? 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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