|
Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 334 (272, 260, 287, 283) *282 Sold: 198 (138, 168, 189, 133) *167 Sale To Listing Ratio: 59% (51%, 65%, 66%, 47%) *59% Price Changes: 134 (88, 102, 112, 81) *96 Conditional Sale: 204 (187, 181, 182, 185) *189 Expired/Cancelled/Withdrawn: 58 (75, 28, 33, 38) *44 Total Active Halifax/Dartmouth Inventory: 1,722 (1,670, 1,658, 1,648, 1,587) *1,361 Absorption Rate: 10 (11, 11, 11, 11) *8 Single Family Home Stats Active Single Family Home: 873 (837, 810, 814, 784) *674 Average Single Family Home List Price: $623,383 ($633k, $614k, $655k, $591k) *$598k Average Single Family Home Selling Price: $622,349 ($640k, $622k, $656k, $596k) *$607k Single Family Home Sale to List Ratio This Week: 99% (101%, 101%, 101%, 101%) *102% Median Single Family Home List Price (6 mo): $564,900 ($560k,$550k,$550k,$550k) *$525k Median Single Family Home Sold Price(6 mo):$565,250 ($560k,$560k,$560k,$551k)*$530k Average Days on Market Single Family Home: 32 (25, 28, 31, 28) *24 Condo Stats Active Condos: 139 (130, 134, 136, 132) *110 Average Condo Listing Price: $475,756 ($441k, $451k, $473k, $465k) *$561k Average Condo Selling Price: $481,891 ($443k, $450k, $476k, $474k) *$564k Condo Sale to List Ratio This Week: 101% (101%, 99%, 101%, 102%) *101% Median Condo List Price (6 mo): $439,900 ($440k, $435k, $434k, $435k) *$430k Median Condo Sold Price (6 mo): $435,300 ($435k, $430k, $430k, $430k) *$425k Average Days on Market Condos: 13 (26, 14, 19, 35) *30 Active Vacant Lots: 510 (499, 508, 499, 489) *424 Market Rant Just when it seemed the Halifax real estate market was beginning to lose its momentum, we were hit with an exciting week of gains! Every tracked category showed impressive increases, with single-family homes leading the charge. Last week, it appeared that this year's inventory might start to align with last year's, but this week's remarkable upward trend has created a substantial gap between the two. In fact, this is the largest inventory we've seen since mid-July 2020! This is fantastic news for buyers, who must be thrilled with the plethora of options now available. The big question is how long this trend will continue. It seems we haven't reached the peak yet, especially with the influx of new listings this week, marking one of the largest surges we've seen in quite some time. Buyer activity also saw a significant boost this week, with over 200 listings receiving and accepting offers. The increased inventory has clearly inspired buyers to seize the opportunity, and with more choices on the market, there's less competition to worry about. This dynamic shift is creating a more favourable environment for those looking to make their next move in the Halifax real estate market. Looks like there's still some more gas in the tank, so stay tuned to the blog to stay on top of market, 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