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(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 260 (349, 355, 368, 272) *312 Sold: 201 (209, 223, 206, 183) *257 Sale To Listing Ratio: 77% (60%, 63%, 56%, 67%) *83% Price Changes: 50 (62, 57, 38, 43) *79 Listings that went conditional/pending: 251 (258, 269, 259, 207) *286 Expired/Cancelled/Withdrawn: 103 (41, 44, 50, 50) *110 Total Active Halifax/Dartmouth Inventory: 1,109 (1,184, 1,102, 1,054, 978) +1,941 Absorption Rate in weeks: 5 (6, 5, 5, 4)*8 Single Family Home Stats Active Single Family Home: 418 (468, 435, 391, 352) *1,015 Average Single Family Home List Price: $461,211 ($409k,$420k,$448k,$460k) *$384k Average Single Family Home Selling Price: $514,518($465k,$482k,$505k,$515k) *$383k Single Family Home Sale to List Ratio This Week: 112% (114%,115%,113%,112%) *100% Median Single Family Home List Price (6 mo): $385,700 ($385,$385k,$386k,$385k)*$330k Median Single Family Home Sold Price (6 mo):$435,000 ($433k,$430k,$429k,$425k)*$330k Average Days on Market Single Family Home: 12 (9, 16, 12, 21) *56 Condo Stats Active Condos: 92 (99, 90, 90, 83, 80, 78) *155 Average Condo Listing Price: $296,965 ($390k, $349k, $324k, $353k) *328k Average Condo Selling Price: $325,844 ($424k, $372k, $357k, $385k) *$326k Condo Sale to List Ratio This Week: 110% (109%, 107%, 110%, 109%) *99% Median Condo List Price (6 mo): $319,900 ($320k, $319k, $323k, $320k) *$280k Median Condo Sold Price (6 mo): $349,250 ($350k, $345k, $349k, $345k) *$273k Average Days on Market Condos: 13 (9, 13, 7, 12) *53 Active Vacant Lots: 443 (463, 442, 447, 428) *662 Market Rant Well that was short lived. With a few weeks of inventory gain in June, there was hope that more property options were finally on the way, easing the burden for the horde of buyers out there shopping for their next home. That hope was all but squashed this week with a sharp swing in the overall inventory numbers, causing reductions in all tracked products. Sure, the lack of new property additions contributed in what seems to be an eerily quiet post lockdown listing surge, helped along by a decent sales week and properties falling under agreement. One of the more surprising contributors to the reduction was the expired/cancelled/withdrawn pile, reporting in over 100 units for the first time since last year, Some heavy hitters must have sold this week, driving up the average residential sale price over $500k again for the third time in a month, while condo's had a fairly low report this week. Both six month median sales and list prices remained relatively the same, seeing only slight variations plus and minus of last weeks report, but with the unknown state of the current market, it's anyones guess which direction these are about to head in. Stay tuned to the blog to stay on top of the ever changing market to find out! Thanks for stopping by, and stay safe out there! The Weekly "Adogtable" Meet Fundy!! Fundy is playful, smart, obedient, very active, loves swimming, hiking, playing ball (ball is LIFE) or frisbee, and loves people! She is housetrained and crate trained, and is not destructive! Fundy only barks to let you know she needs to pee or if another dark is super vocal. She is observant of small animals, and is super-excited about other dogs (she doesn't know how to interact with them and doesn't understand when they want space). No bite history. This gal is so verasatile and willing to learn! 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 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 twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products.. ListingsPhoto's by Jeremiah
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