Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 192 (124, 181, 169, 184) *147 Sold: 98 (87, 131, 91, 129) *159 Sale To Listing Ratio: 51% (70%, 72%, 54%, 83%) *108% Price Changes: 70 (61, 85, 118, 79) *42 Listings that went conditional/pending: 143 (105, 125, 128, 136) *168 Expired/Cancelled/Withdrawn: 49 (54, 48, 112, 54) *24 Total Active Halifax/Dartmouth Inventory: 1,285 (1,269, 1,299, 1,280, 1,322) +877 Absorption Rate in weeks: 13 (12, 12, 12, 12) *6 Single Family Home Stats Active Single Family Home: 635 (627, 640, 640, 671) *282 Average Single Family Home List Price: $474,900 ($460k,$519k,$545k,$556k) *$469k Average Single Family Home Selling Price: $470,000 ($454k,$512k,$541k,$548k) *$508k Single Family Home Sale to List Ratio This Week: 99% (99%, 99%, 99%, 99%) *108% Median Single Family Home List Price (6 mo): $459,900 ($450k,$460k,$460k,$460k) *$390k Median Single Family Home Sold Price (6 mo):$480,000 ($485k,$490k,$499k,$500k)*$437k Average Days on Market Single Family Home: 31 (35, 31, 26, 27) *22 Condo Stats Active Condos: 97 (96, 99, 106, 107) *61 Average Condo Listing Price: $424,645 ($486k, $455k, $455k, $427k) *$382k Average Condo Selling Price: $429,276 ($479k, $441k, $449k, $421k) *$405k Condo Sale to List Ratio This Week: 101% (99%, 97%, 99%, 99%) *106% Median Condo List Price (6 mo): $394,900 ($390k, $390k, $387k, $390k) *$325k Median Condo Sold Price (6 mo): $390,100 ($395k, $400k, $400k, $401k) *$341k Average Days on Market Condos:23 (26, 22, 23, 30) *33 Active Vacant Lots: 412 (407, 415, 405, 415) *404 Market Rant Bit of an odd one this week starting with the inventory, as plenty of new arrivals hit the streets causing gains in all tracked products. Inventory has made quite the comeback this year, with both single family homes and condo numbers having over doubled from last year at this time. I remember thinking if we had another inventory decimation year like 2021 it would have made for an extremely challenging market year, but as the 2022 market year pressed on, quite the opposite prevailed. Buyer activity recovered this week, with 143 listings receiving and accepting offers, which is not surprising with market prices continuing to stabilize and more property options surfacing. Six month median prices reported strangely this week, taking rather large gains in the average listing prices, but taking similarly sized reductions in selling prices. Speaking of the six month stats, they still look distanced from the values reported last year, however, the gap continues to close week to week. Question at this point is will we match values at some point soon, and how far will we see the correction go? As the overbid amounts continue to plateau, we should get an indication of the settling value once we get back to steady reports of 95-98% sales to list ratios, until then, stay tuned to the blog to monitor the market and stay informed. Thanks for stopping by! The Weekly "Adogtable"Hi everyone, my name is Quail, I’m a rambunctious 11 month old American bulldog mix and I’m about 70 lbs. I came from Louisiana a few weeks ago, where I was found as a stray, in search of a better life. I'm now ready to start that search. On average, it takes 100 shares and 100 likes for a dog to find a home! Please share my story so her forever family will find me! It’s currently just me and my foster mommy at home, but before I was rescued from the shelter in Louisiana, I was the tester doggy there. They used me to test all the new arrivals because I am pretty chill. That's still somewhat true. My rescuers sent me to another foster with a doggy, some kitties and a toddler to test me. Me and the doggy got along great outside and fairly well inside. I wanted to share my toy with him so I'd drop it so he could take it. Once he went to take it, I snapped at him. I love my toys, I wanted to try to share but couldn't bring myself to go through with it. After though, I'd try to give him kisses to say I'm sorry. This is something I'll need to work on. As I said, outside was great, we played and played but I don’t really know my own size so I was a little rough with him. So a doggy my own size would be more ideal. I was very interested in the kitties, I whined and whined at them but they wouldn't come to see me. As far as toddlers go, nope, definitely not my cup of tea so older kids only please. I'm still a puppy, so as far as my training goes, everyday I’m getting better on leash, but my foster mom says I’d benefit from a gentle leader as I tend to get excited and will pull a little. My recall is a work in progress so I’m a little bit of a flight risk, but I’m highly food motivated and a quick learner so I don’t imagine it’ll take me long to break out of those habits. I’m only 11 months old so I have a lot of puppy energy and tendencies so my energy level matches that. My foster mum takes me on several walks a day but she says I’ll probably enjoy a home that has a yard or is near a park so that I can get my energy out that way. When I get wound up, I start playing using my mouth. Because I’m such a big, strong boy, it can hurt. I don't mean to be rough, I just want to play. I love to play fetch and will play for hours if you let me, just don't expect me to always return it to you. I’m working on my housetraining, it isn’t perfect, but I’ve made loads of progress in a such a short time. My foster mom works full time but if I have someone able to let me out every few hours, I should master it in no time. I’m good in the car but you may have to lift me in occasionally as I’m still getting the hang of it. I don’t have separation anxiety and I’ll usually distract myself with a good indestructible toy until someone returns to play with me. If left unattended for too long, I may get into things that are left laying around the house like shoes or books as I am a chewer, but I am crate trained if there’s ever a need to do so. I’m not a big barker, but I’ll bark a little if I see a bigger dog while on walks or when someone comes to the door but I stop when told. I sleep on my bed sometimes, but I really enjoy sleeping on the couch. As far as food goes, I love it, so much so that I had an emergency vet visit because I gobbled way too much food when my foster mom was out, which is why I should be crated when you're out. My foster mommy has noticed that kibble with chicken doesn’t agree with my tummy and can cause me to become itchy. I’m a tall boy so I will try my luck if you leave interesting smelling items close enough to the edge of the counter. I think I’d be best suited in an active family or a home with another pup to play with, just no toys unless we are outside. I’m good with strangers and may come off a little strong as I like to jump on them to greet them, but my foster mommy says I can’t keep doing this and we’ve been working on it together. I love to give kisses and I’m all around just a very affectionate pup that loves living in my hoomans shadow. If I sound like the guy you've been looking for, then let my rescuers know that you want to bring me home by submitting an application. My adoption fee is a $550 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 him 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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