Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 324 (290, 300, 258, 217) *433 Sold: 154 (153, 149, 138, 109) *243 Sale To Listing Ratio: 48% (53%, 50%, 54%, 50%) *56% Price Changes: 86 (82, 83, 61, 53)*86 Listings that went conditional/pending: 183 (177, 176, 196, 128) *258 Expired/Cancelled/Withdrawn: 46 (43, 43, 37, 69) *46 Total Active Halifax/Dartmouth Inventory: 1,365 (1,271, 1,273, 1,202, 1,216) *893 Absorption Rate in weeks: 9 (10, 10, 10, 13) *4 Single Family Home Stats Active Single Family Home: 698 (637, 633, 580, 604) *422 Average Single Family Home List Price: $603,732 ($649k,$626k,$644k,$582k) *$566k Average Single Family Home Selling Price: $611,982 ($653k,$628k,$640k,$585k) *$645k Single Family Home Sale to List Ratio This Week: 101% (101%, 101%, 99%, 101%) *114% Median Single Family Home List Price (6 mo):$499,900 ($500k,$500k,$500k,$490k) *$450k Median Single Family Home Sold Price(6 mo):$506,000 ($500k,$495k,$480k,485k)*$532k Average Days on Market Single Family Home: 20 (26, 29, 29, 28) *12 Condo Stats Active Condos: 104 (98, 101, 102, 99) *72 Average Condo Listing Price: $453,495 ($540k, $436k, $455k, $492k) *$398k Average Condo Selling Price: $457,116 ($442k, $454k, $453k, $487k) *$452k Condo Sale to List Ratio This Week: 101% (82%, 125%, 99%, 99%) *114% Median Condo List Price (6 mo): $399,900 ($400k, $400k, $400k, $400k) *$380k Median Condo Sold Price (6 mo): $405,000 ($405k, $403k, $405k, $403k) *$435k Average Days on Market Condos: 22 (22, 10, 21, 21) *7 Active Vacant Lots: 417 (405, 401, 380, 369) *242 Market Rant Now that's more like it! Finally, we are starting to see healthy additions to the inventory, with this week seeing one of the largest gains in a week this year, so far. Single family homes definitely had the biggest impact on the increase, which is something that can be noticed by a quick look at what is available. It really has been slim pickings for buyers so far this year, so the increasing inventory level must be a welcome sight. With more inventory does come more competition for sellers and buyers really, especially since the Spring is the most active for both parties during the year. Even still, the activity has been such that the usually slow moving absorption rate has dropped 3 points within a month, after hitting the height of 14 weeks a couple months ago. This time last year is when the pandemic market came to a halt, which was felt on the front lines almost immediately but didn't report that way until a month or so later. By the fall most folk had clued in, and rushed to get their property to market to grab the remaining buzz of the dying market. This seemed to cause a counter effect, since the Fall tends to be one of the slower seasons on the market, so it almost became a very short lived balanced market to end off the year. Of course, we all know what happened next, the new year came, interest rates and prices stabilized, and now we find ourselves back in a Sellers market in most areas of HRM (especially in the entry SFH price bracket). Certainly not what it was during the pandemic, but very similar to the market of 2019 where hot areas of the market were under siege and the new tactic of "holding offers" first made an appearance. Perhaps with inventory on the rise the demand might start to soften, but for now, it's full steam ahead. Stay tuned to the blog to stay informed, and thanks for stopping by! The Weekly "Adogtable"I am a cute, cuddly, 10lb, 10 yr old Bichon frise mix boy & my name is Bebe. I came all the way to Canada in December from an overpopulated shelter in Texas. After a long medical hold I am now ready to start the search for my forever home. I am definitely a one person man. I will only have eyes for you. Thats right, just YOU. I bond with all my heart to one person and will protect you by biting all other ankles in sight if I am on the floor. That's right I will bite the ankles of anyone who isn't my person. Just ask my vet. Other people can hold me and love me if my human hands me to someone but don't let these little 4 paws hit the floor because if I see ankles, I will try and get to them. When my foster mom has company, she holds me or puts my harness and leash on and I lay in my bed so I don't have access to ankles. I have made some reluctant progress with accepting more than one person in my life but in the big picture, I don't plan on changing yet. It's better to adopt me knowing this may not happen so it's really important I find the perfect person for me. I am house trained and will let you know when I have to go do my business by going to the door or staring at my human. It won't be long before you catch onto my cues. I like other dogs and have a foster sister now but I would be fine if it was just me and you!!! I haven't been around children at all but given my love for ankles, I don't think that would be wise. I haven't lived with cats but I don't exactly react like a gentleman when I see them outside so that's also probably not a great idea. I do play with toys occasionally but not with my foster fur sibling. I am not a picky eater and of course, love my treats. I don't adapt well to food changes so sticking to what I'm used to is best. I sleep with my person and that's where I prefer to be. I am crate trained for when fresh ankles enter my territory but I'm not destructive so don't need it for that. I love to curl up on the couch with my person and love getting my belly rubbed. I love car rides and going outside. I only need little walks because I'm not high energy. I love sitting in the sun on the deck. I'm good in the bath tub and am an all round gentle guy in my surroundings with my one love. My patella on my left side is pretty much constantly out. This is not painful, but it does affect my mobility some and can lead to things like ACL injuries. The vet says that I would have had this my whole life, so its not something we need to panic about. Giving pain meds when needed and modifying my activity is the best course of action given my age. My other issues after multiple tests have seemed to resolve. We'll discuss this further with my potentials. My foster mom says I am a VERY loveable & special little guy who has the sweetest smile. My perfect home would be with one person and I will give you all my love and attention. If that's you, let my rescuers know you want to bring me home with you. My adoption fee is a $400 donation to the rescue to help save more dogs like me. I am neutered, vaccinated, microchipped, come with a 6-week trial of pet insurance from PetSecure and have all my doggy papers to come home to you! You can apply for me at https://form.jotform.com/60895241776264 This "cuddly companion" is available through Save a Life Animal Rescue Society, 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 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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