|
Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 205 (177, 176, 165, 165) *165 Sold: 121 (122, 100, 90, 86) *85 Sale To Listing Ratio: 60% (69%, 57%, 55%, 52%) *51% Price Changes: 87 (73, 57, 38, 52) *44 Conditional Sale: 136 (143, 138, 128, 106) *108 Expired/Cancelled/Withdrawn: 31 (23, 67, 27, 17) *29 Total Active Halifax/Dartmouth Inventory: 1,278 (1,260, 1,251, 1,277, 1,276) *1,130 Absorption Rate: 12 (13, 14, 14, 13) *13 Single Family Home Stats Active Single Family Home: 633 (622, 618, 622, 630) *552 Average Single Family Home List Price: $605,765 ($583k, $573k, $570k, $575k) *$565k Average Single Family Home Selling Price: $607,396 ($589k, $576k, $564k, $576k) *$567k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 99%, 101%) *101% Median Single Family Home List Price (6 mo): $522,250 ($519k,$500k,500k,$500k) *$480k Median Single Family Home Sold Price(6 mo):$525,000 ($520k, $520k,$520k, $519k)*$475k Average Days on Market Single Family Home: 40 (38, 46, 31, 36) *27 Condo Stats Active Condos: 113 (115, 104, 105, 98) *79 Average Condo Listing Price: $518,040 ($493k, $369k, $488k, $453k) *$435k Average Condo Selling Price: $514,422 ($488k, $372k, $486k, $447k) *$444k Condo Sale to List Ratio This Week: 99% (99%, 101%, 99%, 99%) *102% Median Condo List Price (6 mo): $438,700 ($434k, $438k, $440k, $432k) *$408k Median Condo Sold Price (6 mo): $429,450 ($426k, $428k, $428k, $425k) *$406k Average Days on Market Condos: 23 (29, 9, 36, 39, 37) *10 Active Vacant Lots: 389 (385, 384, 397, 394) *368 Market Rant With March break in the books, we should start to see listings come to market in higher volume from week to week until the end of Spring. It's off to a slow start, but definitely a few more listings this week, pushing over 200 new products to market the highest addition this year so far. This trend should continue as we hit the second quarter, which I'm sure is a welcome sight to current buyers out there scouring options. Last year at this time there was a pause in listing activity for some reason, which caused a heated sellers market for the first half of the year really. Potentially, the backlog was created by the issue that could easily have solved it, more inventory! With homeowners looking to make a local move, there was really no options to allow the property ladder climb. Anyone looking to make a move locally just couldn't find a lot of options, and competing with buyers that didn't have a property to sell likely caused some disappointment. This chunk of missing inventory added to the already measly market offering, solidifying the high prices that didn't have to adjust due to high buyer pressure. It did get better for buyers out there, and the end of the year really showed some promise. The speculation going into 2024 was that we would see a return of typical Halifax market trend, and so far so good. If things continue as predicted, look to the coming weeks to pad the stats, especially in the listing option department. Just getting started though, so stay tuned to the blog to stay on top of things 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? 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