Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 242 (242, 175, 240, 281) *295 Sold: 128 (142, 121, 170, 182) *159 Sale To Listing Ratio: 53% (59%, 69%, 71%, 65%) *54% Price Changes: 92 (88, 63, 94, 96) *97 Listings that went conditional/pending: 193 (175, 119, 175, 199) *176 Expired/Cancelled/Withdrawn: 37 (48, 66, 34, 47) *43 Total Active Halifax/Dartmouth Inventory: 1,401 (1,401, 1,388, 1,389, 1,370) *1,307 Absorption Rate in weeks: 10 (9, 9, 8, 8) *8 Single Family Home Stats Active Single Family Home: 683 (683, 691, 673, 665) *664 Average Single Family Home List Price: $641,397 ($639k,$568k,$598k,$564k) *$547k Average Single Family Home Selling Price: $653,251 ($642k,$570k,$604k,$580k) *$556k Single Family Home Sale to List Ratio This Week: 102% (101%, 101%, 101%, 103%) *102% Median Single Family Home List Price (6 mo):$529,900 ($530k,$530k,$530k,$525k) *$460k Median Single Family Home Sold Price(6 mo):$540,750 ($540k,$539k,$536k,$525k)*$541k Average Days on Market Single Family Home: 30 (26, 20, 25, 17) *15 Condo Stats Active Condos: 108 (108, 103, 115, 115) *113 Average Condo Listing Price: $440,656 ($538k, $348k, $534k, $492k) *$403k Average Condo Selling Price: $441,114 ($538k, $370k, $541k, $494k) *$398k Condo Sale to List Ratio This Week: 101% (99%, 106%, 101%, 101%) *99% Median Condo List Price (6 mo): $424,900 ($425k, $425k, $430k, $430k) *$387k Median Condo Sold Price (6 mo): $423,500 ($425k, $422k, $428k, $425k) *$441k Average Days on Market Condos: 31 (47, 17, 19, 21) *19 Active Vacant Lots: 437 (434, 426, 424, 424) *349 Market Rant Well this is a first. After over a decade of reporting on the statistics here in Halifax, both tracked products and the overall inventory didn't change! I'm sure it was up and down over the week, but at the time of reporting, it is exactly equal to last week. Of course, we couldn't get a strike though, vacant land gained 3 points this week... Buyer activity remained strong this week, thanks to a few more options under $500k, which has lead to an enticement back to the market for some. Anything under $500k has been well received on the market, and this price point seeing the most action these days. The mixed message market has been a little confusing to navigate for some. Is it up? are things going down? Well yes... and no... and no,... and yes! As mentioned, certain price points are seeing action, and quite a lot of it! The price point below $500k is still hot, and if you go south of $500k, then the listing is likely to be more active than ticketmaster with those elusive Pens/Sens tickets! Well, maybe not that busy! Still, local buyers and buyers with the 350-450k budget have been encouraged to come back to the market with the idea that listing prices will not skyrocket like they did during the pandemic market. Although we are not seeing the overbid amounts that we have in the past couple of years. the unfortunate news to this price bracket is that there is still a good pool of buyers in this range, which is making this particular bracket highly competitive. The hope for buyer is that things will continue to cool, and more options will hit the market. Only time will tell and I have you covered, so be sure to stay tuned to the blog and stay informed! Thanks for stopping by! The Weekly "Adogtable" This "cuddly companion" is available through Good Bones Dog Rescue, 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 Looking to help? With the devastation of the fires, we are still far from a full recovery and many animals and people could use help! I want to provide links to various shelters and rescues that could use your support. Donations of pet supplies, food, money, basically anything can help! Good Bones Dog Rescue Nova Scotia SPCA Bide Awhile Animal Shelter Halifax Veterinary Hospital The Municipality also recommends people give to the United Way Halifax’s Wildfire Recovery Appeal as a way to help support communities impacted by the fires. To help out, people can make a financial contribution on the United Way’s website. According to HRM, those funds will help people rebuild in the days to come with basic needs, groceries, connection and mental supports. If you have a suggestion to be added to the support list, do not hesitate to contact me! 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.. ListingsPhoto's by Jeremiah
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