|
Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 287 (334, 272, 260, 287) *281 Sold: 166 (198, 138, 168, 189) *182 Sale To Listing Ratio: 58% (59%, 51%, 65%, 66%) *65% Price Changes: 150 (134, 88, 102, 112) *96 Conditional Sale: 181 (204, 187, 181, 182) *199 Expired/Cancelled/Withdrawn: 49 (58, 75, 28, 33) *47 Total Active Halifax/Dartmouth Inventory: 1,761 (1,722, 1,670, 1,658, 1,648) *1,370 Absorption Rate: 11 (10, 11, 11, 11) *8 Single Family Home Stats Active Single Family Home: 896 (873, 837, 810, 814) *665 Average Single Family Home List Price: $582,435 ($624k, $633k, $614k, $655k) *$564k Average Single Family Home Selling Price: $588,963 ($622k, $640k, $622k, $656k) *$580k Single Family Home Sale to List Ratio This Week: 101% (99%, 101%, 101%, 101%) *103% Median Single Family Home List Price (6 mo): $564,950 ($565k,$560k,$550k,$550k) *$525k Median Single Family Home Sold Price(6 mo):$568,000 ($565k,$560k,$560k,$560k)*$535k Average Days on Market Single Family Home: 27 (32, 25, 28, 31) *17 Condo Stats Active Condos: 136 (139, 130, 134, 136) *115 Average Condo Listing Price: $503,890 ($476k, $441k, $451k, $473k) *$492k Average Condo Selling Price: $498,254 ($482k, $443k, $450k, $476k) *$494k Condo Sale to List Ratio This Week: 99% (101%, 101%, 99%, 101%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $440k, $435k, $434k) *$430k Median Condo Sold Price (6 mo): $435,050 ($435k, $435k, $430k, $430k) *$425k Average Days on Market Condos: 38 (13, 26, 14, 19) *21 Active Vacant Lots: 518 (510, 499, 508, 499) *424 Market Rant The Halifax real estate market is showing some interesting trends this week. While the number of new listings is slightly lower compared to last week, it is in line with the numbers from previous weeks and last year. This indicates that the market is maintaining a consistent level of activity. However, there has been a noticeable decrease in the number of sales compared to last week, although the numbers are still higher than both the previous weeks and last year. This could be an indication of a slight slowdown in the market, but it's important to note that the sale to listing ratio is still relatively strong at 58%. Prices for single-family homes continue to rise, with both the average and median prices increasing compared to last year. This suggests that there is still strong demand for single-family homes in the Halifax area. The condo market, on the other hand, is showing more stability, with prices holding steady and a consistent sale to list ratio. However, the average days on market for condos has increased significantly compared to last year, indicating that condos are taking longer to sell. Overall, the Halifax real estate market appears to be stable, with a good level of activity and strong demand for single-family homes. However, the slight decrease in sales compared to last week could be an indication of a potential slowdown in the market, so it's important to keep a close eye on future trends. I have you covered, so be sure to stop by 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 her and other adoptable's looking for their furever home, and ways to help or donate can be found by clicking HERE Looking to help? Below you will find 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 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.
|
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
Archives
November 2024
Categories
All
|
RSS Feed