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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 124 (181, 169, 184, 194) *151 Sold: 87 (131, 91, 129, 114) *129 Sale To Listing Ratio: 70% (72%, 54%, 83%, 59%) *85% Price Changes: 61 (85, 118, 79, 106) *34 Listings that went conditional/pending: 105 (125, 128, 136, 164) *136 Expired/Cancelled/Withdrawn: 54 (48, 112, 54, 48) *36 Total Active Halifax/Dartmouth Inventory: 1,269 (1,299, 1,280, 1,322, 1,313) +909 Absorption Rate in weeks: 12 (12, 12, 12, 12) *6 Single Family Home Stats Active Single Family Home: 627 (640, 640, 671, 678) *297 Average Single Family Home List Price: $460,345 ($519k,$545k,$556k$528k) *$450k Average Single Family Home Selling Price: $454,230 ($512k,$541k,$548k,$523k) *$496k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99%, 99%) *110% Median Single Family Home List Price (6 mo): $450,000 ($460k,$460k,$460k,$460k) *$390k Median Single Family Home Sold Price (6 mo):$485,000 ($490k,$499k,$500k,$501k)*$436k Average Days on Market Single Family Home: 35 (31, 26, 27, 27) *15 Condo Stats Active Condos: 96 (99, 106, 107, 113) *60 Average Condo Listing Price: $485,561 ($455k, $455k, $427k, $470k) *$351k Average Condo Selling Price: $478,926 ($441k, $449k, $421k, $453k) *$377k Condo Sale to List Ratio This Week: 99% (97%, 99%, 99%, 96%) *107% Median Condo List Price (6 mo): $389,900 ($390k, $387k, $390k, $390k) *$325k Median Condo Sold Price (6 mo): $395,000 ($400k, $400k, $401k, $405k) *$341k Average Days on Market Condos: 26 (22, 23, 30, 33) *8 Active Vacant Lots: 407 (415, 405, 415, 394) *416 Market Rant Not too surprised that it was a fairly slow week, especially being on the other side of Remembrance Day, which has proven to be one of the least active weeks of the year. The colder weather is likely another property activity factor as well, and with Christmas on the horizon, it's that time of year where focus tends to shift to the holidays. Pricing and values continue to be a hot topic, and as the market continues to adjust the general feeling is that we have not seen the bottom yet. It has been a swift and abrupt correction so far, and now that we have some distance from the end of the peak, we are really starting to see the changes. The six month median reports for both Single Family Homes and Condo's both saw reductions this week, but the standout was the 10k reduction in a single week, on average, to the SFH list price. The median overbid amounts are still well over current selling prices, but week to week, that gap is narrowing, so it's only a matter of time until that stat reflects the current market environment. As old sale prices meet new lisitngst and adjust, we will see a balance, it's just a matter of time. Stay tuned to the blog to stay on top of things, and thanks for stopping by! The Weekly "Adogtable" Hi everyone, I'm Gracie, a 3 year old, 70 lb, Lab mix lady. I came all the way from Louisiana, where I was found as a stray, in hopes of finding my furever family in the beautiful Maritimes. I am now ready to start my search. I am currently living in Nova Scotia with a foster mom, dad and their two pet rats. I am a smart cookie, already knowing several commands like ‘sit’, ‘down’, ‘paw’, ‘toilet’, ‘no’, and ‘come’. I am a quick learner and have had no indoor accidents. I do OK on a leash but I need some confidence training. With positive re-enforcements, I’m sure I will learn, in no time that the world is not such a scary place. I will need a confident handler because I can be head strong. I do occasionally bark at other dogs and humans. I may also do better with older children because I’m a bit scared of the littler humans when we pass by schools. I do love my walks and would love an adventurous forever home. I am a medium energy gal who loves exercise and running to my heart's content, you will see my ears flapping in the wind! I currently get a morning 30 min walk and an hour in the evening to get my zoomies out. On the weekends, I’ve gone to the beach and on trails and I love exploring new fascinating smells. I love playing fetch and tug of war. I like playing with toys too but I lose interest quickly. I am good left alone and have been left for a long stretch and was not destructive. I am sad though when my humans leave, but I will wait patiently, snoring on the couch or by the window if I got my required exercise. I'm good in the car, I don't bark alot and I'm not a picky eater. My foster mom suspects I don’t like baths because I run to hide when I see her with shampoo or brush. I will need a lot of love and patience to teach me baths aren’t going to hurt me. In my foster home I am not allowed near the dish washer or kitchen table when the family was eating and I did well with instructions. I can’t wait to learn what my new family will be like and what they will teach me! I was supposedly a stray on the streets but my foster family thinks I once had a family to call my own because of my fantastic manners. If you are an active person who enjoys the great outdoors, we could be soul mates! Do you think we’d be the perfect match? If so, please fill out an application so we can meet! I am a very kind, lovable girl who deserves a forever family to call my own. My adoption fee is a $500 donation to the rescue to help save more dogs like me. I am spayed, 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.. 
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