|
(Previous weeks numbers in brackets) *Previous Year's Stats Total Market New/Back to Market Listings: 261 (312, 313, 363, 260) *221 Sold: 198 (242, 225, 208, 209) *174 Sale To Listing Ratio: 76% (78%, 72%, 57%, 80%) *79% Price Changes: 105 (74, 86, 71, 85) *96 Listings that went conditional/pending: 228 (246, 283, 239, 277) *188 Expired/Cancelled/Withdrawn: 100 (44, 59, 48, 107) *199 Total Active Halifax/Dartmouth Inventory: 1,573 (1,649, 1,632, 1,705, 1,656) +2,722 Absorption Rate in weeks: 7 (7, 7, 8, 7) *17 Single Family Home Stats Active Single Family Home: 739 (783, 798, 835, 806) *1,444 Average Single Family Home List Price: $424,450 ($387k,$427k,$380k,$398k) *$347k Average Single Family Home Selling Price: $430,530 ($391k,$430k,$390k,$404k) *$340k Single Family Home Sale to List Ratio This Week: 101% (101%,101%,103%,101%) *98% Median Single Family Home List Price (6 mo): $344,650 ($343k,$340k,$340k,$340k)*$310k Median Single Family Home Sold Price (6 mo):$350,000 ($350k,$350k,$349k,$349k)*$305k Average Days on Market Single Family Home: 40 (38, 28, 29, 42) *66 Condo Stats Active Condos: 133 (151, 162, 162, 147) *190 Average Condo Listing Price: $390,000 ($302k, $341k, $310k, $315k) *$225k Average Condo Selling Price: $385,178 ($302k, $332k, $311k, $314k) *$224k Condo Sale to List Ratio This Week: 99% (99%, 97%, 100%, 99%) 99% Median Condo List Price (6 mo): $269,900 ($269k, $270k, $262k, $250k) *$250k Median Condo Sold Price (6 mo): $270,000 ($270k, $270k, $267k, $264k) *$240k Average Days on Market Condos: 24 (56, 60, 31, 71)*46 Active Vacant Lots: 550 (560, 535, 548, 546) *868 Market Rant Dropping like flies! Inventory took a hit this week as we enter the November market, with all tracked products feeling the sting of reduction. Activity seemed to be a bit down this week as well, with fewer listings coming to market, and fewer sales. Even buyer activity reported a touch lower than normal, so the question to pose may be if we are starting to see annual trend finally start to take hold or is the market showing signs of slowing? Lots of price changes this week, and where some may have increased (new construction) I would venture a guess that the majority of these are listings that survived the golden weekend (see last weeks post) that found themselves on the other side of it, perhaps overpriced. Sure signs that we may be reaching a ceiling here in HRM. Several listings also retreated from the market this week, which tends to fall in line with annual trend also, as the focus starts to shift towards Christmas, and the lowest activity month of the market year (December). Still, we have seen this type of activity lately, and just when you think things are starting to slow down, they ramp right back up again. This market is anything but predicable at the moment, so make sure to stay on top of it by tuning into the blog on the regular. Thanks for stopping by, and stay safe out there! The Weekly Adogtable! Diesel is a ~7 year old male neutered lab/amstaff mix. (~30 kg) He would prefer a home with children 16 years old and older. He requires to be the only animal in the home. Look at that goofy smile and you can already tell Diesel is a lovable goof. Diesel is looking for a home where he can spend some time outside going for a nice walk to explore the great outdoors. He does enjoy his time inside as well and is quick to lay down and suckle on a blanket. He is very food motivated and will do just about anything for a treat. It wouldn't be a bad thing if he shed a few more pounds. He has lost a few over his time spent with us and he feels great slimming down a bit. Come meet this handsome boy today! This "cuddly companion" is available through SPCA Nova Scotia, 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.
|
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
August 2024
Categories
All
|
RSS Feed