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Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 204 (209, 243, 269, 216) *181 Sold: 119 (117, 119, 123, 98) *131 Sale To Listing Ratio: 58% (56%, 49%, 46%, 45%) *72% Price Changes: 103 (116, 132, 141, 92) *85 Conditional Sale: 120 (135, 168, 152, 113) *125 Expired/Cancelled/Withdrawn: 71 (140, 47, 58, 39) *48 Total Active Halifax/Dartmouth Inventory: 1,536 (1,525, 1,583, 1,585, 1,521) *1,299 Absorption Rate in weeks: 13 (13, 14, 14, 14) *12 Single Family Home Stats Active Single Family Home: 813 (809, 834, 834, 792) *640 Average Single Family Home List Price: $574,366 ($544k,$568k,$548k,$537k) *$519k Average Single Family Home Selling Price: $570,352 ($545k,$569k,$552k,$539k) *$512k Single Family Home Sale to List Ratio This Week: 99% (100%, 101%, 101%,101%) *99% Median Single Family Home List Price (6 mo):$519,900 ($520k,$525k,$525k,$525k) *$460k Median Single Family Home Sold Price(6 mo):$535,050 ($535k,$536k,$537k,$540k)*$490k Average Days on Market Single Family Home: 31 (27, 32, 23, 32) *31 Condo Stats Active Condos: 127 (124, 126, 128, 122) *99 Average Condo Listing Price: $348,400 ($493k, $444k, $530k, $505k) *$455k Average Condo Selling Price: $345,125 ($492k, $433k, $517k, $511k) *$441k Condo Sale to List Ratio This Week: 99% (99%, 98%, 98%, 101%) *97% Median Condo List Price (6 mo): $429,950 ($430k, $430k, $430k, $430k) *$390k Median Condo Sold Price (6 mo): $440,000 ($440k, $444k, $443k, $440k) *$400k Average Days on Market Condos: 38 (31, 20, 22, 34) *22 Active Vacant Lots: 416 (407, 431, 428, 426) *415 Market Rant Bit of an average week this week, and not many call outs from there reported statistics, so let's have a look at where we are so far as we approach the end of the year. Much like last year, there was quite a few ups and downs. Where 2022 had more drastic downs than ups, this year seemed to have more frequent fluctuations, just not as significant in volume as 2022. Last year, the 4th quarter recovered a tad from the huge drop that happened after the Spring with a lot of folks considered the Fall of 22 to be the turning point in the market finally, and predicted that things would continue to cool post Winter and into 23. Well, the opposite actually happened, with January taking off like a rocket ship and not landing until the halfway point of this market year. Another thing that happened this year was the stabilization for prices. Now, don't get me wrong, this is still an ongoing affair with prices, mostly in the "improvement" area, but for the most part, a new value line had been drawn as the dust settled. For a recovery year, however, this year proved to have a rather elusive market. Just when it was cooling, it didn't, and when you thought things were heating up again, it fizzled. Buyers confidence did return this year though, and seeing property sell under asking price started to occur again. The lack of desperation faded as inventory started to climb, and buyers finally started to see tangible metrics to gauge where they should be bidding. There was, and always has been areas and price points of exception, so I think it will be noted that 2023 ended in the closest to a traditional Halifax market as we have seen since 2019. All eyes train to the new year, but we still have some gas in the tank yet, so stay tuned to the blog and see just how the market will conclude this year. 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? With the devastation of the fires and floods, we are still far from a full recovery and many animals and people could use help! I want to provide 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!  Remembrance Day Lots of activities Saturday, and plenty of options for your chance to go a take in a remembrance day service. Some ideas can be found here, but all you need to do is pop down to a legion around 10:30am to take in the service. Lest we forget.  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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